Verizon introduces Edge - a new device payment and early upgrade plan
Not to be outdone by T-Mobile or AT&T, Verizon has introduced Edge today - a new device payment and early upgrade plan for Share Everything customers. On the plan, Verizon customers will be able to go on a month-to-month contract where the price of the device will be spread over a 24 month period. You'll make the first month's payment when purchasing the device, then continue to pay monthly until the device is paid off or you choose to upgrade.
If you decide you want to upgrade after 6 months, you can do so providing you've paid off 50% of the retail price of the device (or pay off the 50% on the spot) and you can purchase a new device. You won't be locked into a long-term contract and have no upgrade fees, so if you're one of us who likes to grab the latest new devices, you will be able to do just that.
You'll need to be on a Share Everything plan to take advantage of Edge, and in the long run you may end up spending more than normal depending on your plans and devices, so be wary of changing up until you know just what you're getting into. Edge launches August 25th.