Verizon revises its Edge plan to let users upgrade after 30 days, a good deal only at first glance

January 20, 2014
30 89 6

    Verizon logo 2013

    Early last week Sprint announced it was killing its One Up early upgrade plan in favor of its new Framily Plan with an Easy Pay option. It looks like the Now Network isn’t the only carrier that is looking to change up its no-contract plans in an attempt to better compete with T-Mobile, as Verizon is now slightly modifying its existing Edge early upgrade plan.

    Verizon’s previous upgrade policy for Edge was you could move to a new phone after 6 months, at least as long as you were willing to trade in your existing device AND pay 50% of the handset off. Unfortunately, the revised Edge plan isn’t any better. You can now upgrade your device after just 30 days on the Edge plan, but the same 50% payout and device trade-in is still required.

    Verizon’s Edge plan (arguably) might not be a complete rip-off, but it’s far from an 'epic deal' for most consumers.

    The problem here is that Verizon’s promise of upgrades after 30 days sounds nice, but for many customers it will be more than a little difficult (and impractical) to throw down enough cash to cover half the phone’s cost in just 30 days and be forced to give up the device. Of equal concern is that Verizon’s no-contract pricing is the same as you’d get with a subsidized price, making Edge kind of pointless for most would-be-subscribers.

    For folks that can easily afford to switch phones as quickly as 30 days, the more logical approach would be to buy the handset outright and then simply sell in on a site like Swappa in order to help cover the costs of the next device you want to pick up.

    Bottom-line, Verizon’s Edge plan (arguably) might not be a complete rip-off, but – at least in our humble opinion – it’s far from an “epic deal” for most consumers. What do you think of Verizon Edge and all the other early upgrade plans? Are most of these plans gimmicks, good deals or somewhere in-between?

    Comments

    • http://www.youtube.com/#/mrjlwilliams J. Williams

      T-Mobile has done it right. They have shaken up the industry, and have done it well. Meanwhile, tons of people are leaving other carriers to just get on board with T-Mobile. This is working for them, and all others can see it. Verizon is crazy, and greedy just like AT&T.

      • sensible consumer

        this VZ plan is a joke…with AT&T you get your service plan at a discounted price with an installment plan. And you get great cell service…at least in my area (Virginia beach, VA) t mobile is cheaper but their coverage is god awful here.

    • Dexter Calvillo

      T-mobile has the hands down best early upgrade program.

      I Just got my Nexus 5 two months ago, and I’ll be able to upgrade in 4 months.
      At that time i will only have paid $171, much less than red’s required 50%.

    • mustbepbs

      Renting smartphones is stupid. If you’re gonna do the EDGE plan, you should do it for a cheaper device since it extends your contract anyway. Why would you pay full retail over 2 years while also extending your contract, when you can pay >$200 for a phone and extend your contract?

      I think Verizon thinks people are too dumb to realize this.

    • smokebomb

      I plan on getting on T-Mobile’s early upgrade program soon. I already get a new phone every year. Every 6 months wouldn’t be much of a change.

    • Harry

      this is a joke! That said, if people are so picky about the device they use, so be it. They will need to pay a premium :). This is probably why VZ does not want to carry nexus devices. It is like a buffet where they set the charge/person based on certain probabilities. If a big group of people crash in on a given day and hog, then these numbers will go for a toss and the restaurant will make a huge loss. That is kind of what Nexus devices will do to the business model of VZ (which is to a high price on the buffet and hope most people eat like they always do!)

    Popular

    Latest