iPhone6 AT&T Upgrade: which plan to choose (Next vs. 2 YR contract)
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Transcript of iPhone6 AT&T Upgrade: which plan to choose (Next vs. 2 YR contract)
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AT&T iPhone 6 Upgrade:2Yr. Contract vs. Next plans
Image credit: Brett Jordan https://www.flickr.com/photos/x1brett/15198932035/
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What is an AT&T Next plan?O Installment Lease to Own Plan, which
features:O Monthly installment payments on FULL phone price
O Early trade-in for a new phone (lease)O OR paying the phone off over a longer term period (own)
O A $ 15 monthly discount on a data plan under 10GBO OR $ 25 monthly discount plan on 10GB or higher
O No down payment, waived activation or upgrade fees
O No early termination fees after paying off phone balance
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AT&T Next plansONext 12
O Get a new phone upgrade in 12 months
O OR own your phone in 20 months
ONext 18
O Get a new phone upgrade in 18 months
O OR own your phone in 24 months
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Buying vs. Leasing (24 months)
O Upgrade to a new phone every 12 months with Next 12 plan
O Save $ 190 a year, by waiting 24 months for your upgrade with 2 YR Contract
O Should you need 10 GB or higher data plan, Next 12 plan looks more attractive
24 month comparison: Leasing (Next 12) vs. Buying (2 Yr Contract)
NEXT 12Under 10GB
NEXT 1210GB Or More 2YR Contract
Phone Cost $0 $0 $199.99Activation Fee $0 $0 $40
Monthly Charges:Phone Installment $32.50 $32.50 $0Access Charges $25 $15 $40
Phone Resale Value $0 $0 (200)$ (Per carrier offers)
1,380$ 1,140$ 999.99$
Total Savings 2 Year contract over Next 12 (<10GB) 380$ Monthly Savings 15.83$
Total Savings 2 Year contract over Next 12 (>=10GB) 140$ Monthly Savings 5.83$
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Prepayment vs.Installments (24 months)
O Avoid any upfront costs with Next 18 plan
O Option to upgrade early with Next 18 plan
O Save $ 2.09 a month with 2 YR Contract up to 24 months
O Save $ 15 a month with Next 18 plan, if not upgrading, starting with month 28
24 month comparison: Installments (Next 18)vs. Prepayment (2 Yr Contract)
NEXT 18Under 10GB
NEXT 1810GB Or More 2YR Contract
Phone Cost $0 $0 $199.99Activation Fee $0 $0 $40
Monthly Charges:Phone Installment $27.09 $27.09 $0Access Charges $25 $15 $40
Phone Resale Value -$200 -$200 (200)$ (Per carrier offers)
1,050.16$ 810.16$ 999.99$
Total Savings 2 Year contract over Next 18 (<10GB) 50$ Monthly Savings 2.09$
Total Savings Next 18 (>10GB) over 2 Year contract 190$ Monthly Savings 7.91$
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Help me choose
O Choose Next 12 plan if you want to get a new phone every 12 months and don’t mind paying extra for the privilege
O Choose 2 Year Contract if you want to upgrade to a new phone in exactly 24 months
O Choose either Next 12 or Next 18 if you are willing to wait over 27 months for your upgrade
O Picking Next 12 or Next 18 plan is a no-brainer for someone with 10GB or higher data plan
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Other considerationsO Next plans do not offer phone insurance coverage, if
your phone is damaged, you will not be able to upgrade to a new phone
O Get a $ 100 Bill Credit promo through September 30, 2014 with a NEW phone line on a Next plan (upgrades are ineligible)
O http://www.att.com/shop/en/Upper_Funnel_Promo_Modals/Wireless_Promo_Modals/next_100_billcredit_legal.html
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