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I'd rather sign up for a two year contract than pay an additional monthly fee for a phone.
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im currently on the verizon edge program and they give you a 25 dollar credit to your line for each line on data plans above 6gb im pretty sure. so my phone I am getting for free all i paid was the taxes on the total cost of the phone.
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We switched to T-Mobile about 4 months ago. We switched to T-mobile so Verizon would stop raping us on data charges. T-Mobile also bought out our contract to the tune of $600. We pay about $20 more per month total for unlimited everything and we both have the iPhone 6 compared to unlimited talk/text and 2 GBs data with Verizon and shitty phones. **** VERIZON.
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Most carriers are doing this now and it is beneficial to the users.. Say the old way of you buying a phone on a normal contract. You are stuck paying the same, even once you have paid of the subsidy. Now your option is buy the phone outright like Europeans do and have a cheap monthly plan, or have the divide out the phone cost into payments, once paid off the plan goes back down unless you upgrade. |
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Just set up my new account. I've been due for an upgrade since June, just didn't have the income to get the phone I wanted. I just switched to this plan yesterday. I am paying about the same, while paying for 2 iPhone 6 plus and 2 more GB/ month, as I was for just the contract. My gf getting a 22% discount from her job certainly is assisting in that aspect:D
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Phone companies are moving to this model because the FTC was on their asses about how they characterized the early termination fees. This is certainly more transparent, but in the end it's probably a wash from a financial perspective.
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They still offer two year contracts for existing customers but it usually makes more sense to do the device payment plan regardless. The plans are pretty competitive compared to the other 3 big carriers except T-Mobile. T-Mobile is killing it with their data plans right now. The service is shit however. Pay more for what you get. If all you did tho was live in a major city it might be good enough
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