So I currently have 4 phones (3 smart/1 basic). My 3 smart phones are on unlimited data plans. I heard a commercial on the radio on the way to work today that said a family of 4 could get unlimited talk/text and share 10GB of data for $45 a month ($180 a month). My current plan costs me around $260 a month after taxes and fees so switching to the new plan would save me about $80 a month and 10 GB while it's not unlimited is around the right amount that I probably wouldn't miss having unlimited.
I briefly chatted with a sales rep online and they informed me that I first need to switch over to the more everything plan so I'd be giving up my unlimited data. That's fine but I was hoping to get a little clarification first. 4 smart phones and 10 GB of data is $260 a month via more everything before taxes/fees. After I switch to more everything, I could then upgrade my phones via verizon edge and then be eligible to get the 4 lines and 10 GB of data for $180 a month. Lets say 4 phones at $599 a piece full retail. Spread that out over 24 months and that's just under $100 a month for new devices. That would put me at $280 a month for 24 months. I'd actually be spending $20 more a month plus fees for 2 years before I actually saw any savings.
I'm currently eligible for an upgrade on all 4 of my lines. The part I'm confused about is when I sign up for edge do I have to trade in my current phones which I already own? Or does the trade in only apply to devices once I'm on edge? I could probably sell my current phones on the open market for around $1200 and if I applied that money to the new devices, then I'd really only be paying 100 more a month for a year before the phones are paid off. That's ok to have the latest and greatest devices I guess, then the 80 savings would kick in.
What happens next? What happens if I decide not to upgrade after 2 years? Do I continue to keep the edge pricing for my plan or am I bumped back up to more everything unless I edge up my phone again?
At first glance it seemed very attractive to switch to the new plans but if I have to trade in my current phones and purchase new ones at full retail, I really wouldn't see savings until after I paid off the new devices and if at the end of those 2 years, the plan pricing changes if I don't edge up my devices again, then I really wouldn't ever see the savings.
Is this how others see it or am I missing something?