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Message
AT&T will cut its Next payment plans from 4 to 2 starting on June 9
Posted on 5/23/16 at 2:12 pm
Posted on 5/23/16 at 2:12 pm
quote:
Beginning on June 9, AT&T will pare down the number of its installment payment options from four down to two. The new payment options for both existing and new customers now looks like this:
AT&T Next Every Year: Upgrade to a new device every year, with a 24-month financing program term.
AT&T Next: Upgrade every 2 years, with a 30-month financing program term.
In short, users intent on always having the latest and greatest smartphones can do so simply by paying a little bit more every month. Assuming a smartphone with a base price of $700, the AT&T Next Every Year plan will cost users about $6 more a month.
Additionally, customers also have the option to either make a down payment or trade-in their current device and apply that value towards a new device.
AT&T's simplified installment plan matrix now looks like this.
LINK
3
Posted on 5/23/16 at 2:25 pm to Street Hawk
Primary Benefit = New Device Every Year.
Pay off Phone = 24 months.
Now maybe I'm missing something... but wha???
Pay off Phone = 24 months.
Now maybe I'm missing something... but wha???
Posted on 5/23/16 at 2:27 pm to DoubleDown
You can trade in the phone after 12 months of payments for a new one, or pay out the 24 months and own it.
This post was edited on 5/23/16 at 2:28 pm
Posted on 5/23/16 at 2:50 pm to STBTigerr
So I would be leasing a phone every 12 months?
I don't think I will ever own the newest phone ever again unless they bring back the $200 upgrade.
I don't think I will ever own the newest phone ever again unless they bring back the $200 upgrade.
Posted on 5/23/16 at 3:04 pm to kballa6
This is actually an improvement over the previous next plans. You could always get a new phone every year with the next plan, but you were paying 60% of the phone's value (+ all sales tax) instead of 50% before trading it in. They've made it more enticing to upgrade yearly, probably due to pressure from smartphone companies.
The 24-month payment plan hasn't changed. As before, you're paying 80% of the phone's value (+ tax) and then giving it back. You'd be better off financing it under the new-phone-every-year plan, paying it off in 24 months, and selling it.
The 24-month payment plan hasn't changed. As before, you're paying 80% of the phone's value (+ tax) and then giving it back. You'd be better off financing it under the new-phone-every-year plan, paying it off in 24 months, and selling it.
Posted on 5/23/16 at 3:08 pm to ILikeLSUToo
quote:
You'd be better off financing it
This is my problem with it. The only things I am financing are a house and a car. If I have to pay installments on a phone, my priorities are off.
I guess I have been spoiled by the 2-year agreement and $200 phones.
Posted on 5/23/16 at 3:13 pm to kballa6
You've always been financing it, it just wasn't shown in the breakdown.
Posted on 5/23/16 at 3:45 pm to kballa6
quote:lol...
I guess I have been spoiled by the 2-year agreement and $200 phones.
Posted on 5/23/16 at 3:48 pm to kballa6
quote:
I guess I have been spoiled by the 2-year agreement and $200 phones.
Posted on 5/23/16 at 4:02 pm to kballa6
quote:
This is my problem with it. The only things I am financing are a house and a car. If I have to pay installments on a phone, my priorities are off.
Yes, but it is basically an interest-free loan if you pay off the phone. Where it gets a little unsettling is the trade-in aspect if you choose to go that route. You're then paying full sales tax on a phone, paying half its value for a year, and then giving it back to do it all over again with another phone. The fact that you do pay 50% of the cost makes it a slightly better option that amounts to what I'd consider an almost-reasonable convenience fee if I really wanted to upgrade annually. I could pay full price on my own and sell it in a year, but phones retain around 50% of their value on average anyway, so the biggest loss is the upfront sales tax that you might be able to avoid at certain online retailers.
The problem is it seems as though you'd have to upgrade annually on the dot, or you'd be at a bigger disadvantage. I'm not brand-loyal anymore, so I don't necessarily upgrade on a single company's release cycle.
quote:
I guess I have been spoiled by the 2-year agreement and $200 phones.
Same. I haven't paid full price for a phone in nearly a decade. And for me, it wasn't a matter of "It's still built into your contract," because even with the $200 phone, my plan was cheaper over 24 months than the current plans AT&T offers. But I'll have to accept the fact that phones cost what they cost, and it's a personal choice to throw money at a new phone as often as I want. I predict a cost decrease on flagship phones, as well as an influx of almost-flagship budget models like what Apple has done a couple times.
This post was edited on 5/23/16 at 4:05 pm
Posted on 5/23/16 at 4:23 pm to kballa6
quote:
I don't think I will ever own the newest phone ever again unless they bring back the $200 upgrade.
so dumb, breh
Posted on 5/23/16 at 6:00 pm to jeff5891
Given the emphasis on the own and the $200 upgrade, it's worth mentioning that you did in fact own the phone when you purchased it this way. It was simply locked to AT&T until your contract expired. You were still free to sell it the day you got the phone in your hands, or wait until your contract was up and sell it to anyone unlocked. The upgrade cycles did not require a trade-in, despite the nomenclature.
This post was edited on 5/23/16 at 6:01 pm
Posted on 5/23/16 at 9:54 pm to ILikeLSUToo
quote:
It was simply locked to AT&T until your contract expired
sure. that totally sounds like you OWN it then...
This post was edited on 5/23/16 at 9:56 pm
Posted on 5/24/16 at 12:25 am to jeff5891
quote:
sure. that totally sounds like you OWN it then...
Well, yes. Phones purchased via the next program also remain locked to AT&T until the phone is paid off. In both cases, you own the phone once you've paid the agreed-upon price in full ($200 for the on-contract phones or full retail for the Next phones). The former simply requires an extra step if you desire to sell it to a non-AT&T customer (i.e., use a third-party service to unlock it).
I mean, I'm not trying to upset you or anything. The subsidized upgrade really was a great option before they inflated the costs associated with it in order to promote AT&T Next and later discontinued it on grandfathered plans.
Posted on 5/24/16 at 7:23 am to ILikeLSUToo
quote:
I predict a cost decrease on flagship phones, as well as an influx of almost-flagship budget models like what Apple has done a couple times.
I think with the Iphone SE and the Nexus phones, this will eventually happen because people have to actually see the cost when they get on the Next plan.
Posted on 5/24/16 at 7:33 am to Street Hawk
I just buy new in box phones on swappa for 70% of retail and get them connected to my service. I use them a year and then sell them on swappa for 40-50% of original retail.
Posted on 5/24/16 at 8:32 am to Street Hawk
quote:
. Assuming a smartphone with a base price of $700
this here is the problem
You can't convince me these phones cost this much.
The difference between a 7" tablet and a phone isn't that much in size, but we pay more than double for the phone, as if adding phone capabilities to a tablet makes that big of a difference.
Posted on 5/24/16 at 9:01 am to TeddyPadillac
quote:
this here is the problem You can't convince me these phones cost this much. The difference between a 7" tablet and a phone isn't that much in size, but we pay more than double for the phone, as if adding phone capabilities to a tablet makes that big of a difference.
Estimated iPhone 6s build cost pegged at $211.50, iPhone 6s Plus at $236
iPad Air 2 models cost Apple $275 to $358, teardowns reveal
There is a reason why Apple is such a profitable company.
This post was edited on 5/24/16 at 9:03 am
Posted on 5/24/16 at 9:38 am to TigerRob20
quote:
There is a reason why Apple is such a profitable company.
I'm not blaming them. Idiots will continue to purchase their products at their ridiculous pricing, so why would they lower their profit margin. And they set a precedence for galaxy and nexus phones to charge an arse load as well.
Posted on 5/24/16 at 9:52 am to TeddyPadillac
Yeah, you'll find that every flagship phone has around a $200-250 BOM. But while the cost of tablet components may be similar, there is an extra cost associated with R&D, engineering, testing, etc. for the phone due to its size.
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