AT&T iPhone 6 Upgrade:2Yr. Contract vs. Next plans
Image credit: Brett Jordan https://www.flickr.com/photos/x1brett/15198932035/
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
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
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$
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$
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
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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