“VZ Edge” said to bring early upgrade option for Verizon users with monthly device installment plan
With T-Mobile sending a few waves through the wireless world last week with the launch of T-Mobile JUMP!, it looks like the company is forcing a few of its competitors to step their game up — even if only by a little bit. AT&T has some announcements coming tomorrow, and now Verizon has been tipped to be bringing some changes of its own.
Droid-Life has received word of “VZ Edge,” a new option for those using Verizon’s device installment plans to get new phones. VZ Edge will reportedly allow users to buy a new smartphone using Verizon’s monthly installment option as long as at least 50% of the previous device is paid off.
Using hypothetical prices, if you were to put $200 down on a $600 smartphone, you’d only need to pay $100 of it off before you’re allowed to buy another device in this matter. On a 12-month cycle, that means you’d only need to make three months’ worth of installments ($33.33) before you can use the plan to get your next phone. We’re not sure how often Verizon would allow you to do this in a calendar year, but that’s the gist of it.
It’s said that the plans will be ready to launch beginning August 25th, which is only a short month and some change from now. Unfortunately this means nothing for those who prefer to get their devices the old fashioned way, but we imagine those who find themselves itching for the latest smartphones and tablets would love to take advantage of this going forward. Now we’re just waiting on AT&T to show its next play in what has become a very interesting poker game between the nation’s carriers.