Upgrading phone through Verizon, payments start over?
So, I've been thinking of upgrading from my Iphone X to the Xr, but I'm not exactly sure how it all works. I've paid $378.80 so far on my Iphone X, I would have to pay $126.20 to upgrade early, but my real question is, if I upgrade (trade-in) will that $378.80 that i've paid already go towards my new phone? Like if the full price of the new phone is like $1000 somthing, then will I already have up to &378.80 paid off on it, or will the payments basically start over? Like I ll have to start from scratch as I did when I first signed onto the contract?
The payments start over. You're paying the principal on the device you currently own. It's not a transferable credit.
That said going from an X to an XR is more of a… Sidegrade? Than an upgrade.
I think in the long run you'd probably be better off paying down what you have now and waiting til next years models to upgrade
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