How much will iPhone 5s cost with new Verizon Edge program?
Please ONLY ANSWER IF YOU HAVE KNOWLEDGE OF VERIZON'S NEW PROGRAM OR YOU WORK FOR VERIZON!
If you don't know, Verizon has a new program--the Edge--that allows you to pay month to month for the price of the phone. However, you will have to make the first months payment up front.
I'm currently on a 2year contract and my upgrade date isn't until June of 2014. I'm thinking of getting the iPhone over Thanksgiving break or early December as an early Christmas gift (to myself haha). I really want to buy the iPhone 5s and I've tried adding up the estimate of how much I would pay below:
-64GB- $399 (which is about $32.75/month)
-Activation fee-$35
-Insurance- $10
-Data Plan- maybe $40-50/month for 500MB
-I read that there's an "early termination fee" of $350! Since I'm not eligible for an upgrade yet, I would have to pay that, right? Is that what that means?
So would I be paying about $467.75 up front and about $82.75 a month? Am I correct or close?
The $350 early termination fee is only if you leave Verizon. The Edge program has you basically signing another two-year agreement to get the deal on the phone. Verizon does this so that everytime you upgrade you are starting from a new two-year deal. So you will not be paying that. You will just pay the activation fee up-front and then whatever the month will be. I don't know why you would need to spend an extra $50 on data each month though. Don't you have a data plan now?
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