The Next Up program is a future guarantee of what you will pay to upgrade, where the promotion deal is only valid for a limited time now. Although AT&T has been offering similar trade in promotions each fall for years, there is no way to know if they will continue to do so in the future. So there's a risk that next year's promotion might not be as good as this year's.
No, if you are on next and you pay off 50% I can pick a phone that costs 1,000 dollars with no promotion, upon upgrade the remaining 500.00 on existing device is waived and then I would pay the new monthly payment just on 1,000.
Basically the iPhone 14 pro promotion of 1,000 is for non next up customers, if you are next up customer the promotion is 500.00. So you get the new phone and your currently owed 500.00 is waived on the existing phone and now you owe 1,000 with 500.00 promotion in bill credits.
What I’m saying is people with next up should get the same 1k promotion as a non next up customer because a next up customer payed the 6.00 a month. The reason they don’t have to give same promotion is because they don’t have to give a promotion at all on the new upgrade to a next customer because the promotion for a next customer is half the amount is waived when you upgrade when you have next up.
So technically you only own half the phone but the other half is waived when you do the new installment plan.
It’s kind of stupid, but if you want to upgrade every year as long as att is giving half the promotion to next users and you pay off 6 full months of payments every year it’s still cheaper if you want the latest and greatest.
So, let’s look at it this way. If I currently have next and I sign up for an iPhone 14 Pro. Let’s average monthly payment as 28.00. So 500 is waived on my existing phone. The promo is half of the new device. So every month I will get a bill credit of 14.00. So for the next year I have to pay 14.00 a month in installment plans and they pay 14.00. So out of pocket would be 168.00 and they paid 168.00 so at 12 months the remaining balance would be 664.00 so I would need to pay 164 out of pocket to be at half that they will waive upon upgrade. So now my 12 month cost out of pocket is at 332.00 then I had to pay for next 6.00 a month for 12 months which is 72.00. So now I’m out of pocket
404.00 if I want to upgrade every 12 months having next. Without next and having the promotion of 1,000 dollars and then att paying the monthly installment of 28.00 for 12 months that would be 336.00 next September so if I wanted to upgrade every year it would put me at paying my device off at
664.00. So having next and wanting a new iPhone every year would save
260.00 out of pocket if you wanted a new iPhone pro every year. So basically as long as promotion stays the same and you have next and you want a new iPhone every year it’s cost will roughly be
404.00 a year roughly.
33.50 a month.
Apple program pay cash for let’s say iPhone 13 pro last year and this year pay cash for iPhone 14 pro and use their trade in program get 600.00 for trade in on iPhone 13 pro and pay lump sum of
399.00 to upgrade.
Summary New iPhone Pro every 12 months.
Out of pocket cost with current promotions.
With Next up -
404.00
Without Next up -
664.00
Pay phone off ever year with cash and upgrade through Apple instead -
399.00 for new iphone pro yearly.
Thoughts?