My wife and I are both in need of new phones. Both of our phones are just over 2 years old (out of contract), and are buggy as all get out, so its time. Yesterday we went into the Verizon store to buy a couple of new phones, when the sales associate who we were working with tells us about the 'Edge' plan setup. I was immediately skeptical, but I listened. In the end, I was so confused that I had to leave and come back another day after I better understand this whole thing. But, here's what I've gathered so far...
Essentially, with the Edge plan, Verizon is not subsidizing the price of the phone (which they lose a ton of money on). Rather, they are, for all intents and purposes, 'subsidizing' their own line fees, which makes much more financial sense for them since they already own a vast network of towers, etc. So the end result is the customer owns the phone after 2 years, gets some freebees (case, car charger), and doesn't have to pay an activation fee when buying the phone. Also, once your phone is paid off (after 2 years), your $25-off per line still remains in effect, netting me a savings of $50/month for our 2 lines on our cellular bill.
It also seems from research that this Edge plan is really for people who like to upgrade early and often with the latest device; this is not my wife and I. Unless our phones are beat to death, we hold on to them. So it seems like our situation could actually take advantage of this, but again, I cannot get a solid breakdown of this plan from any source, even third-party ones. Does anyone have any input on this?
Essentially, with the Edge plan, Verizon is not subsidizing the price of the phone (which they lose a ton of money on). Rather, they are, for all intents and purposes, 'subsidizing' their own line fees, which makes much more financial sense for them since they already own a vast network of towers, etc. So the end result is the customer owns the phone after 2 years, gets some freebees (case, car charger), and doesn't have to pay an activation fee when buying the phone. Also, once your phone is paid off (after 2 years), your $25-off per line still remains in effect, netting me a savings of $50/month for our 2 lines on our cellular bill.
It also seems from research that this Edge plan is really for people who like to upgrade early and often with the latest device; this is not my wife and I. Unless our phones are beat to death, we hold on to them. So it seems like our situation could actually take advantage of this, but again, I cannot get a solid breakdown of this plan from any source, even third-party ones. Does anyone have any input on this?
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