I know slickdealers aren't too fond of phone deals that require Verizon's 24-month device payment plans and other fine print, but this is about the best trade-in offer I've seen on Verizon, and I didn't see it posted yet, so I thought I'd share. Personally, I think it's worth it, especially for someone upgrading from an older or damaged 4G phone, the pros outweighing the cons. I've done my best to explain all the fine print, hopefully without errors.
Verizon Wireless is running a promo they're calling "The Biggest 5G Upgrade Ever," where they're discounting the price of the Apple iPhone 12 Mini or the Samsung Galaxy S21 to $0 (or offering $700 towards any other iPhone 12 model or $800 towards any other Samsung Galaxy S21 or Note20 model), with some major caveats/fine print:
- Applicable to new customers or upgrades. New lines get a free phone plus
an additional $300 on a prepaid Mastercard for porting in a number.
- Must trade in a phone. The list of eligible models is very long. Most phones that are less than 3-4 years old are eligible for the full promotional credit, even if they are damaged / cracked screen. This includes a large selection of Apple, Google, LG, Motorola, OnePlus, and Samsung phones.
- Must sign up for a 24-month device payment plan and cannot pay it off early. The trade-in credit, which is equal to the phone's price in the case of the iPhone 12 Mini or Samsung Galaxy S21, is doled out in 24 installments equal to the phone's 24 monthly payments.
- Must purchase one of Verizon's "premium" unlimited plans (Play More, Do More, or Get More, but not Start Unlimited). (For a current Start Unlimited customer, this means an increase of $10/month for the next 24 months, so the "free" phone costs $240, still a good price for a $700-$800 phone).
- As with all phone upgrades, tax is on the full retail price of the phone in most states, and upgrade/activation fees may apply.
https://www.verizon.com/shop/onli...ll-phones/
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I just upgraded an old ass Samsung Note 9 for a literal free Samsung S21 5G. 24 mo statement credit equal to the monthly payments. Only out of pocket cost will be the $35 activation fee.
You get a pop up with the promo trade in value after you add it fully to the cart/order.
I traded a Note 9 with a used market value of $150 for a S21 that runs $450-799.
Go take your jealousy elsewhere if your credit can't qualify for monthly payments lol.
Am I reading this correctly? This seems like a great deal as someone who has verizon a long time and am only paying $30/line approximately for start unlimited on all lines. (even less with father in laws grandfathered discount and what not).
Is there something I'm not reading? I sure am tempted by this
Unless Verizon is going to scam me on my trade, it seems legit. They only had me attest to the phone being able to turn on, battery working, and front/back screens not cracked.
The alert for the $800 monthly statement credit over 24 months popped up right after I added my trade.
The alert for the $800 monthly statement credit over 24 months popped up right after I added my trade.
Go take your jealousy elsewhere if your credit can't qualify for monthly payments lol.
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I see value in this for existing customer. It's not for everyone, but it certainly has its place.
Thanks OP for taking the time to share and clarify.
It's very simple: bill credits are a scam used in hopes that people will want to upgrade sooner, so they lose the value of the credits. The sooner you break the pseudo-contract, the more money is lost.
This is the way that they don't have to pay you out the full value of the phone. They benefit either way, whether you stick with the phone or not, but you lose out if you don't stick with them.
I will always sooner sell my phone outright before I will ever take a bill-credit, and same for credits on price reduction: I will only take a phone where the price is reduced.
Go take your jealousy elsewhere if your credit can't qualify for monthly payments lol.
You just need a pulse to qualify. If you're going to be a dick, at least pretend to be educated in your attempts at quips.
This is the way that they don't have to pay you out the full value of the phone. They benefit either way, whether you stick with the phone or not, but you lose out if you don't stick with them.
I will always sooner sell my phone outright before I will ever take a bill-credit, and same for credits on price reduction: I will only take a phone where the price is reduced.
For small bill credits such as that it's almost silly not to just act like normal. Plus there's always a cell phone company going "IF YOU SWITCH WE'LL PAY OFF YOUR BALANCE!" which means that bill credit turns into zero dollars.
Slickdeals acts like non-bill credit deals are the cream of the crop but then will quickly turn around and brag about how they flipped a dollar into a dollar an a penny. In this specific case a person could basically lease an iphone mini, get a prepaid rebate, get cashback (if you care about that ext) and then as well just leave and have the next company pay off that stuff