This is what I don’t understand when every craps on the 36 month bill payment. If you keep it the full 36 months it’s a crazy trade in value. If you end up trading in 24 months from now, you lose the last 12 months of bill credits. That means Verizon still paid you $554 for a phone that Apple was only offering $250. I don’t see why people believe you are getting ripped off. Of course I would prefer the credits over 24 months, but $554 is still a good deal compared to the crazy deal of $830 for a 4 year old phone…
I read somewhere else that you can:
Sell your phone privately after 1-2 years (or trade it in on a trade-in website), buy your next iPhone from Apple and pay in full (or finance through Apple), have Verizon switch your device to the newly purchased phone, and still continue to receive your monthly credits from your current Verizon device payment plan. Basically, the credits don’t stop unless you enter into another device payment plan with Verizon.
Is this true? If so, I’ll just upgrade with Apple next time so that I don’t lose my monthly trade in credits from Verizon.