VZW - 2 Year Contract on the Verizon Plan?

[XxCrockxX]

Hey all,

Looking to get back into the Samsung world, specifically the Note 7. Have any of you ran into this situation that I am currently in...

I have a Nexus 6P at the moment, I have the Verizon Plan (not the new one, the old one), and pay $20 per month for access charges for 3 lines. My line has no device payment. The other 2 lines do, which shouldn't matter in this scenario.

From my understanding, Verizon itself does not offer 2 year contracts any longer, thus the access charge for all phones is $20/month. But, Best Buy does offer a 2-year contract. I was able to add the pre-order of the GN7 to my cart, it says I am eligible for an upgrade and does not make mention of that $20/month access charge changing at all. My question is this - does that $20/month access charge jump up to $40/month because I would be on a 2-year contract? I knew that if you were on contract going INTO the Verizon plan you would pay $40/month until the contract was up, then it'd dip down to $20. But I see no mention of going back ONTO contract once you are on the Verizon Plan.

Sorry if that was confusing, anyone experience this?

 

[PsiPhiDan]

Yes, if your phone is "under contract", you pay $40/mo for the access fee. Once the two years are up, it drops to $20/mo. It's more financially smart (costs you less if you do the math) to just pay per month for this phone I believe (it would be $384 basically when you factor in the access fee drop). I'm guessing the two year upgrade price is around $399?

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[Gilley]

I just went into Verizon and I was eligible for an "upgrade" as I havent bought a phone from verizon since my S3 (rest have been craigslist or google) and I got my $20 fee waived.

---------- Post added at 01:38 PM ---------- Previous post was at 01:37 PM ----------

Yes, if your phone is "under contract", you pay $40/mo for the access fee. Once the two years are up, it drops to $20/mo. It's more financially smart (costs you less if you do the math) to just pay per month for this phone I believe (it would be $384 basically when you factor in the access fee drop). I'm guessing the two year upgrade price is around $399?

Sent from my SM-N920V using XDA-Developers mobile app

K thats what the guy was trying to explain to me but was talking way too fast for me to understand it. I went in just going to buy the GN7 full price and he talked me into doing the $36 a month for it and said I would be saving $400-500ish doing it this way. I still dont understand it really can you explain it more?

 

[PsiPhiDan]

Okay so your access fee (fee for having a smartphone on VZW) is $40/mo when you don't have an upgrade available. Then, when you have your upgrade, you can do one of two things: 1) Buy the phone at a discounted rate and agree to a two year contract. In this way, you still pay $40/mo for the access fee. 2) Pay per month at full retail cost, sign no contract, and your access fee goes down to $20/mo. So essentially, that $36/mo is really only $16/mo because of the $20/mo discount you're getting for having bought the phone outright. So you save $480 ($20x24mo) off the cost, bringing the total cost to about $380 for the phone.

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[Gilley]

Okay so your access fee (fee for having a smartphone on VZW) is $40/mo when you don't have an upgrade available. Then, when you have your upgrade, you can do one of two things: 1) Buy the phone at a discounted rate and agree to a two year contract. In this way, you still pay $40/mo for the access fee. 2) Pay per month at full retail cost, sign no contract, and your access fee goes down to $20/mo. So essentially, that $36/mo is really only $16/mo because of the $20/mo discount you're getting for having bought the phone outright. So you save $480 ($20x24mo) off the cost, bringing the total cost to about $380 for the phone.

Sent from my SM-N920V using XDA-Developers mobile app

K so it would be best to just let it run its course on the 24 months instead of me going in and paying it off completely after a month or whatever.

 

[matsuyamakaze]

I'm doing 36 for 24 the math is 864 dollars. Not saving anything. Unlocked phone is closer to a grand.

Sent from my SM-N900V using XDA Free mobile app

 

[PsiPhiDan]

K so it would be best to just let it run its course on the 24 months instead of me going in and paying it off completely after a month or whatever.

No, that means no difference. Either way you're not on a two-yr contract so your access fee is $20/mo. I'm saying it's better as opposed to signing a two-yr contract and getting a "discounted" price on the phone, like we all used to do years ago.

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