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Verizon Edge Plan: The Flexible Device Payment Plan from Verizon

Verizon revealed its new plan for consumers who want the flexibility of upgrading their devices - Verizon Edge.

Verizon's Edge follows T-Mobile and AT&T. Earlier this month, T-Mobile introduced its Jump plan to let users snag the latest smartphones. After 6 months, users can drop their old phone and flip to a new device. On Tuesday, AT&T followed with a similar option, AT&T Next. Users make monthly payments on a new device, then can choose to upgrade after 12 months.

Verizon Edge will be available to customers on Share Everything plans starting August 25th.

Verizon Edge is a new program for consumers who want the flexibility of upgrading their devices more frequently than every 2 years. You can also upgrade to a new phone after six months if 50% of the retail cost has been paid.

Here’s how it works: Choose the phone you want and sign up for a month-to-month service plan, it’s as easy as that. The full retail price of the phone will be divided over 24 months and you’ll pay the first month at the time of purchase. If you want to upgrade after 6 months, just pay off 50% of the full retail price of the phone and you can choose a new phone and start all over again.

There are no long-term service contracts, finance charges or upgrade fees with Verizon Edge. Every six months, as long as 50 percent of the cost of the phone has been paid, you can upgrade to the newest basic or smartphone available.

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Source: http://news.verizonwireless.com