Verizon Trade-In Promo

[kilofoxtrot]

A thanks to Flux for posting this on the 7 Forum.... looks like a good deal!

For folks currently with Verizon or thinking of porting-in to Verizon and purchasing the iPhone 7/7+ on the device payment program, there's a pretty good trade-in starting for 5, 5c, 5s, 6, 6s iPhone users that are willing to trade-in a good working condition phone.

Trade-in of 6, 6s (all variants) gives you up to $650 trade-in value split into 24 credits (basically offsetting the cost of an iPhone 7 32GB)

Trade-in of 5, 5c, 5s, SE is a $400 trade-in value split into 24 credits (lowering the monthly payments of an iPhone 7 32gb to $10.41).

There's further discussion on the Verizon reddit sub-forums or VZW CS open for pre-orders.

 

[mmartinet]

Anyone know if this includes people on Grandfathered Unlimited plans? Assuming no considering they email me monthly to try and move me off.

 

[Inevitable Flux]

A thanks to Flux for posting this on the 7 Forum.... looks like a good deal!



View attachment 111237

Thanks I should have posted it in this forum too.

 

[Inevitable Flux]

Anyone know if this includes people on Grandfathered Unlimited plans? Assuming no considering they email me monthly to try and move me off.

Surprisingly, there are currently no plan restrictions for this promotion. You'd need to do the DPP (device payment program) on your UNL plan. Credit shows up by third bill cycle.

 

[knotsure]

What if I owe $400 for my 6s on the Verizon payment plan? How does that work?

 

[aokusman1]

What if I owe $400 for my 6s on the Verizon payment plan? How does that work?

You don't own that phone and can't trade it in.

 

[trtmazda3]

This seems like a great deal but I want the 7 Plus rather than the regular 7.

 

[Inevitable Flux]

This seems like a great deal but I want the 7 Plus rather than the regular 7.

It's for both the 7 and 7+. You can still take advantage of the trade-in promotion.

 

[trtmazda3]

It's for both the 7 and 7+. You can still take advantage of the trade-in promotion.

Really? That's interesting. So, if my wife and I have 6 Pluses, we can trade them in and each get a $649 credit?

 

[kilofoxtrot]

Really? That's interesting. So, if my wife and I have 6 Pluses, we can trade them in and each get a $649 credit?

The credit is spread out over 24 months as a credit on your monthly device payment.

 

[trtmazda3]

The credit is spread out over 24 months as a credit on your monthly device payment.

So, would I pay anything up front? That's where I am confused.

 

[Inevitable Flux]

So, would I pay anything up front? That's where I am confused.

You'd pay the $20 upgrade fee + taxes on the iPhone 7/7+ (tax on the retail price).

 

[Craig]

So, would I pay anything up front? That's where I am confused.

If you traded in two 6S (you may need two separate contracts, not sure).. it seems you walk out with two iPhone 7's, but you're locked into Vz for 2-years.

 

[trtmazda3]

If you traded in two 6S (you may need two separate contracts, not sure).. it seems you walk out with two iPhone 7's, but you're locked into Vz for 2-years.

That would be okay. I've already been with them two years so far and have no complaints. I was with AT&T for 7 years before that and I hated them.

 

[Inevitable Flux]

That would be okay. I've already been with them two years so far and have no complaints. I was with AT&T for 7 years before that and I hated them.

If you traded in two 6S (you may need two separate contracts, not sure).. it seems you walk out with two iPhone 7's, but you're locked into Vz for 2-years.

The trade-in promotion doesn't work that way. For one, you *have* to purchase the iPhone 7/7+ under the device payment program anyway, not standard 2 yr contract. For another, the $650 trade-in credit gets applied in monthly credits that offset the monthly payments of the iPhone 7. So you can't merely walk into a store with two 6s and then walk out with two iPhone 7s with no upfront cost. You'll literally have to spend taxes + upgrade fee for each of the iPhone 7s, submit the trade-in request after you activate the iPhone 7 (or at a corp store location), then you'll get the trade-in credits 2-3 bill cycles after activation.

 

[bgl321]

You don't own that phone and can't trade it in.

You can pay off the device at the time of purchase and still receive the credit. Doing that with my wife's.

 

[aokusman1]

You can pay off the device at the time of purchase and still receive the credit. Doing that with my wife's.

Yes at this point it's yours.

 

[trtmazda3]

Well, guys, I did it. Bit the bullet and upgraded both lines. My wife's and mine. Got her a silver 128 GB 7 Plus and me a black 128 GB 7 Plus. We did the trade-in promo. The $650 credit split over two years covers the monthly device payments minus about nine dollars a piece. I'll take it. We paid the activation/upgrade fees and taxes today.

We traded in our current phones (a Space Gray 64 GB 6 Plus and a gold 64 GB 6 Plus).

 

[Craig]

Well, guys, I did it. Bit the bullet and upgraded both lines. My wife's and mine. Got her a silver 128 GB 7 Plus and me a black 128 GB 7 Plus. We did the trade-in promo. The $650 credit split over two years covers the monthly device payments minus about nine dollars a piece. I'll take it. We paid the activation/upgrade fees and taxes today.

We traded in our current phones (a Space Gray 64 GB 6 Plus and a gold 64 GB 6 Plus).

So you have no phones... until the new ones come?

 

[trtmazda3]

So you have no phones... until the new ones come?

Nah, we still have our 6 Pluses. We have 30 days after the new phones arrive to send our old ones to them.