November 23, 2014

Verizon Edge program official, six-month upgrade program starts August 25

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Verizon confirmed on Thursday that August 25 will be the start of the carrier’s new upgrade program, Verizon Edge. As expected, it will allow users to trade in their old phones after a mere six months, provided they have paid at least 50 percent of the retail cost of the device.

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There are no contracts to worry about, no finance charges, upgrade fees, or anything hidden in your bill. It’s just another option for customers on Share Everything plans. In a nutshell, you can trade in your old phone every six months as long as you have paid for half its cost.

Here’s how it works: Choose the phone you want and sign up for a month-to-month service plan, it’s as easy as that. The full retail price of the phone will be divided over 24 months and you’ll pay the first month at the time of purchase. If you want to upgrade after 6 months, just pay off 50% of the full retail price of the phone and you can choose a new phone and start all over again.

Picking the arbitrary figure of a $500 device, you would pay around $20.83 per month for the phone for 24 months. After six months you will have paid roughly $125 for the device; another $125 would get you to the halfway point. Pay that amount to Verizon and trade in your phone and you’ll be on your way to another device. Don’t wanna trade it in – keep paying on the phone and hold on to it. Indeed, the newer devices can fetch prices as high as $649.99 outright.

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  • DonMcCall

    I call BS on this statement: “or anything hidden in your bill.” There is indeed plenty hidden in any customer’s bill who chooses this option. Never forget that Verizon subsidizes their devices in their service plans. In light of that, why would anyone want to pay full retail for their phone with them? That’s essentially paying for your device twice! The only plan like this that remotely passes the smell test is T-Mobile’s.

  • timmyjoe42

    So every 2 years, you get to use 4 phones while paying the full price of 2 phones, but only have one device to show for it at the end? What are they going to do with all of these turned in devices that are scratched up, water logged, or just broken?

    • DonMcCall

      Make that more like “paying the full price of 2.67 phones.” Never forget that Verizon has the subsidized cost of a phone upgrade built into their service plan charges.

  • Haggie

    If Verizon is offering a “special promotion” you can count on two things: 1.) its good for Verizon 2.) its bad for Verizon customers.