Other Who understands Verizon's trade-in for iPhone 12?

[kjmff5]

I switched to Verizon. I brought a iPhone 8 64gb and 11 64gb. Both qualified for $800 each(550 trade in credit and 250 new line credit), and got a 12 64gb and 12 Pro 128gb. I did join as a business account so mine are all deposited as a lump sum but if it were a personal account it would be over 24 months, deposited monthly into your account. For me, I still had to buy the phone on a monthly plan but when the lump sum credits deposit, they just wipe out the device charge, except for the Pro I just have to pay 200 for the difference. Hope that helps!

The previous comments are correct, if you are an existing customer, you only get 440. You dont get the extra 100(to make 550) or the 250 new line activation. Like someone said, its good business to attract new business...

 

[NativeTxn]

My wife and I are on T-Mobile in the Dallas area and we both have an iPhone X that we've had since they came out in 2017. I'm strongly considering upgrading us this year to the 12 Pro.

I've chatted with Verizon about possibly switching and the way it's been explained to me is:

Trade in the iPhone X and get a $550 trade in credit, which will essentially be applied over a 24 month period. If you leave prior to that you lose remaining credits.

Additionally, we would receive a $250 "switcher" credit that would be in the form of a gift card that you get after activation.

In our case, we'd get both of those on both of our trade-ins - so essentially $800 of some form of credit on each of the phones.

If we stayed with T-Mobile, we could upgrade to the 12 Pro and each get $415 of trade in credit. That credit would be spread out over 30 months (rather than the 24 that Verizon is using).

I've done the math, and over a 30 month period, the T-Mobile deal is less expensive (30 months of costs at T-Mobile is less than 24 months at Verizon) since the monthly service charge would be about $40 less at T-Mobile, even though the cost of each phone would be a little bit higher after credits.

I'm not too worried about the 24 versus 30 months issue since our plan is to keep all our phones for at least 3 years like we have with the X. However, my bigger concern is if we stick with T-Mobile and over the next 2-3 years, their 5G is not as good as Verizon's, then it may make we want to switch sooner. If Verizon's ends up being inferior to T-Mobile then no issues if we stayed with TMo.

So, not exactly sure what I want to do yet as it relates to staying with TMo or switching to Verizon. The phone costs would quite be a wash, but it ultimately boils down to whether Verizon service is/will be better than TMo for the extra monthly cost.

 

[tdx]

I switched to Verizon. I brought a iPhone 8 64gb and 11 64gb. Both qualified for $800 each(550 trade in credit and 250 new line credit), and got a 12 64gb and 12 Pro 128gb. I did join as a business account so mine are all deposited as a lump sum but if it were a personal account it would be over 24 months, deposited monthly into your account. For me, I still had to buy the phone on a monthly plan but when the lump sum credits deposit, they just wipe out the device charge, except for the Pro I just have to pay 200 for the difference. Hope that helps!

The previous comments are correct, if you are an existing customer, you only get 440. You dont get the extra 100(to make 550) or the 250 new line activation. Like someone said, its good business to attract new business...

Thanks for confirming, that is exactly what I'm planning to do (when the Pro Max goes for preorder). So you got the $250 right away, if so that would be awesome, I thought they only sent it out later. But maybe its because you're a business account...

 

[scubacat]

Does anybody know if Verizon's Black Friday deals are typically better than this $440 deal? I've got an iPhone 8 so would be thrilled to get $440 compared to the ~$100 that it is otherwise estimated at, but the Verizon rep today told me to consider waiting for Black Friday.

 

[anthony13]

I got 250 for switching from AT&T and 550 for trading in my iPhone X 256. Curiously, those credits are not so instant. The 250 was ’available’ on the MyVerizon app, and i had to ‘redeem’ it, and then it told me i should get an email in about 6 weeks with that rebate code, which i can then apply to a bill, or the iPhone 12 device cost (lowering my monthly). The 550 for the traded in device has also not posted yet, as I sent it in and it hasn’t been evaluated yet. Hopefully that credit is a bit more instant than the 250 switching credit.

 

[kjmff5]

Does anybody know if Verizon's Black Friday deals are typically better than this $440 deal? I've got an iPhone 8 so would be thrilled to get $440 compared to the ~$100 that it is otherwise estimated at, but the Verizon rep today told me to consider waiting for Black Friday.

I’d imagine black Friday/Holiday season will snag some good deals. I dont have any concrete answers as to what they did last year. Just my guess.

 

[aakshey]

That sounds pretty good to me. I paid more per month for the XS Max if I'm not mistaken. I know I can get more money for my XS Max if I sold it on eBay or Craigslist. However, I might not want the hassle of doing so.

Nope, I doubt it. You can't get much more than 600 bucks for a 2 year old XS Max.

 

[keithprater]

Honestly, if it’s paid off, I’d sell on Swappa and use the money for a down payment toward the 12.