Confused about losing the unlimited plan

Discussion in 'Verizon Wireless' started by njdevil, Feb 5, 2014.

  1. FoxKat
    Offline

    FoxKat DF Super Moderator Staff Member Premium Member

    Joined:
    Apr 2, 2010
    Messages:
    9,055
    Likes Received:
    1,025
    Trophy Points:
    113
    Location:
    Pennsylvania

    First, let's give you one important distinction between me and the examples above. In my case, there was an existing dummy phone that was already costing me $10 per month. All I did was do the Edge on that phone, then move it to my line. So for me, there is no added $10 per month, or $120 per year. But in my case, there was also a phone trade in and an activation fee waiver. Let's forget the tax in each example...it's a wash either way.

    So, let's go over the math above in my scenario...and let's not forget two very important parts. First if you trade in a working phone on an upgrade (they MAY also do this for new activations but I don't know and so I am assuming no) - no matter how old it is (I traded a Droid Pro), they give you $100. That phone wasn't worth $10. So I figure I did OK there. Then there was the activation fee waiver - another $35. So before I've even signed the agreement I'm up $135.

    Then, the cost... for my Droid MAXX, it's $20.83 per month (see my bill below)

    Edge.JPG

    This takes into consideration the $100 up front for the trade, otherwise it would have been $25 as in the examples above). I pay this $20.83 per month for 12 months, at which time I can turn the phone in and pay nothing, then start all over again with a brand new phone. After that first 12 months, I've paid $249.96...but wait...I got the activation fee waiver (remember?), so in all actuality I only paid $214.96 for the 12 months, or $17.92 per month!

    $20.83 * 12 = $249.96 - $35 = 214.96 / 12 = $17.92 per month net (and that doesn't even take into consideration time value of money or opportunity of interest cost on the difference between that and the $635 I'd have to pay up front). And I still have Unlimited Data on my phone number, and no new contract on that number...so I can walk at 12 months, give the phone back and go elsewhere if I choose.

    If I bought that phone outright for $600 out of pocket (plus $35 activation), how much could I expect to get for it if I sold it one year later (given a new series of models of phones would be out then)? Well, could I expect $485? Let's say I could (yeah, right...). If so, then I am back at square one again - same place I'd be if I turned the phone in on my Edge plan. In this example the purchase outright would "appear" to be a better deal at $150 net total.

    Now the major distinction here is that in the first example, I walked out of the Verizon Phone Center store without even taking my wallet out of my pocket. I paid absolutely NOTHING and was handed a brand new Droid MAXX. In fact, there was also the trade in and waiver of the activation fee - another $135 in credits to me, so really, I walked out some $135 in the black - PLUS a BRAND NEW PHONE. The other guy who paid $600 up front also paid $35 for an activation, so he's in the hole $635 before he leaves the place. He may be up by $64.96 after 12 months ($635 - $485 = $150 versus my $214.96, or a difference of $64.96...$5.41 per month for the 12 months), but I only had to meet those monthly payments and got to keep my $635 in my pocket while leaving with the same phone and the same unlimited data.

    I agree that the $10 per month for adding a line is an additional cost, and since that wouldn't be an upgrade, there (probably) isn't either the $100 credit *(can anyone confirm or deny this?)... I understand they ARE waiving the $35 activation fee for new Edge palns, but in that case, the cost for the phone is $420.00 and you give it back with no equity. That isn't a great deal if you don't need the second line or don't already have a dummy line (think phone for the kids, for instance).
  2. kodiak799
    Online

    kodiak799 Well-Known Member

    Joined:
    Feb 20, 2010
    Messages:
    4,881
    Likes Received:
    238
    Trophy Points:
    63
    Why would VZW give you $100 for turning in a phone you don't own? That program might make sense, for you, on the initial outlay with the $100 credit. Otherwise I think 12 months is about break-even (if you just have to spend upwards of $300 every year on a marginally better phone) - you get basically 50% from VZW, which is around what you could get selling it yourself (less the hassle).

    So except for the initial deal with the $100 trade-in, I don't really see the value in giving up unlimited. It's basically just paying retail on installments. It's a convenience factor more than anything.
  3. TatDroid
    Offline

    TatDroid Active Member

    Joined:
    Nov 27, 2009
    Messages:
    726
    Likes Received:
    61
    Trophy Points:
    28
    This is why I ultimately decided to switch 2 of our lines over to the "Max" plan (6GB for $30/month). In the last 2 years neither of those lines had used more than 3GB, so I decided to get subsidized phones and go back on a 2 year contract. 6GB will be plenty, couldn't justify paying retail price for new phones on those lines.
  4. kodiak799
    Online

    kodiak799 Well-Known Member

    Joined:
    Feb 20, 2010
    Messages:
    4,881
    Likes Received:
    238
    Trophy Points:
    63
    Anyway, as has kind of been mentioned, rumors pop-up about every 3 months (going on 3+ years) that VZW will be ending unlimited data shortly. The June cut-off is pure speculation based on some backdoor extrapolation of the last eligible upgrades (which I thought was LAST July, actually).

    As far as I know, VZW has rarely, if ever, NOT honored grandfathered contracts. There have been numerous promotions and incentives/disincentives to entice/push people off unlimited, which seems to be the direction they have chosen rather than just take it away. They are managing their risk (network capacity) by enticing people off unlimited, and I suspect the number of remaining users with unlimited is already small enough not to be of much concern.

    I mean, c'mon, they even let people SELL[transfer] their unlimited plans!!! PLUS they have essentially a "data hog" clause in their TOS which they could use to boot-off the really heavy users, and that's a hammer they haven't used despite all the crying and ruckus about "ending unlimited". I don't expect unlimited to go anywhere for at least 2+ years until VoLTE is rolled-out nationwide. Even then, you will probably be able to keep your unlimited data in the event they don't offer VoLTE for those grandfathered unlimited plans.

    Worst case scenario: you buy a new phone retail and a month later VZW ends unlimited. You could still get probably 80%+ of what you paid for the phone on EBAY/Swappa. Alternatively, you could then just sign a new contract, take the subsidized upgrade, and flip it new-in-the-box for $50-$100 below retail. So your risk isn't $600+, it's probably less than $100 in the worst-case.
    2 people like this.
  5. kodiak799
    Online

    kodiak799 Well-Known Member

    Joined:
    Feb 20, 2010
    Messages:
    4,881
    Likes Received:
    238
    Trophy Points:
    63
    Very true.

    When VZW ended the eligible subsidy, they basically raised the price on unlimited users $10+ per month. For people who don't use much data, like me and you, we are actually overpaying. So in reality there's not a huge incentive for VZW to kill unlimited when the remaining unlimiteds are small and probably 80% of them are very average data users overpaying for "piece of mind".

    Now if they continue to entice people like you off unlimited, to the point where there are only a few hundred thousand unlimiteds left (a.k.a. "the data hogs")...THEN they might cut bait. However, in reality 200k "data hogs" would have to average over 100gigs/mo to make an appreciable dent in capacity, and that's ignoring how quickly bandwidth is expanding.

    And 200k "data hogs" is probably an EXTREMELY generous number, in terms of how many people routinely go over 20gigs/mo.
  6. FoxKat
    Offline

    FoxKat DF Super Moderator Staff Member Premium Member

    Joined:
    Apr 2, 2010
    Messages:
    9,055
    Likes Received:
    1,025
    Trophy Points:
    113
    Location:
    Pennsylvania
    No, I think you misunderstood. The trade in was an old phone just sitting around. As for giving up unlimited I was not suggesting that. I still have unlimited. The only way to keep it in the examples above are to activate a new basic line and do the Edge plan or upgrade an existing basic line and move it over (what I did).

    Sent from my XT1080 using Tapatalk
  7. kodiak799
    Online

    kodiak799 Well-Known Member

    Joined:
    Feb 20, 2010
    Messages:
    4,881
    Likes Received:
    238
    Trophy Points:
    63
    OK, I think I understand.

    Been debating canceling voice and using my unlimited for a tablet, and then getting one of the new plans for phone (1gigs could be sufficient for me). Not sure if I can cancel voice or not, though.

    Then I can turn in my OG Droid for $100 - wait, it makes a handy alarm clock....but I have a few old flip phones laying around :)
    1 person likes this.
  8. FoxKat
    Offline

    FoxKat DF Super Moderator Staff Member Premium Member

    Joined:
    Apr 2, 2010
    Messages:
    9,055
    Likes Received:
    1,025
    Trophy Points:
    113
    Location:
    Pennsylvania
    No, I don't think you can drop voice in your example. And for the trade it must be a smart phone. Sorry!



    Sent from my XT1080 using Tapatalk
  9. repolybbob@gmail.com
    Offline

    repolybbob@gmail.com New Member

    Joined:
    Oct 3, 2010
    Messages:
    3
    Likes Received:
    2
    Trophy Points:
    0
    I second the Max Plan

    Well, I haven't used a Verizon upgrade the last couple of times, because I didn't want to lose the good 'ol Unlimited Data plan.


    But recently, I found out about the 6GB Max Plan. Since I only use about 2.5 GB / month, I decided that the 6GB will be fine for me for a long time, so I took advantage of the upgrade and stepped away from the unlimited plan.

    ~Bob
    2 people like this.
  10. tommyg562000
    Offline

    tommyg562000 Member

    Joined:
    Apr 27, 2011
    Messages:
    198
    Likes Received:
    12
    Trophy Points:
    18
    I was thinking of jumping to the Max plan since I don't use much more that 2 GB's a month. Did you just have to mention it to the rep and they gave it to you or did you have to talk them into it?
  11. lloydstrans
    Offline

    lloydstrans Well-Known Member

    Joined:
    Nov 16, 2011
    Messages:
    9,857
    Likes Received:
    87
    Trophy Points:
    48
    You have to mention it to the rep that you are coming off a unlimited account and want the max 6 gig plan, and check your invoices afterwards.
  12. kodiak799
    Online

    kodiak799 Well-Known Member

    Joined:
    Feb 20, 2010
    Messages:
    4,881
    Likes Received:
    238
    Trophy Points:
    63
    The Edge program wouldn't be bad for me, as I gain unlimited voice and text. But most of my texts go thru Google Voice, and so I only pay $70/mo for my plan....until they offer me a plan with at least 2gigs of data for $70 it makes no sense for me to change. Even if I have to buy phones full retail, I save at least $10-$20/mo on my current plan.
  13. Red Droid
    Offline

    Red Droid Member

    Joined:
    Feb 26, 2011
    Messages:
    41
    Likes Received:
    4
    Trophy Points:
    8
    In your case, that Makes Sense. There Are Different Ways To Keep A Newer Phone And be able To Continue On An Unlimited Plan..

    I Just Don't Want To See People Loose Unlimited AND Spend Too Much Money On A New Phone.

    (Sorry About The Caps, Keyboard Or Tablet Is A Little Confused...)\
  14. Red Droid
    Offline

    Red Droid Member

    Joined:
    Feb 26, 2011
    Messages:
    41
    Likes Received:
    4
    Trophy Points:
    8
    I am under the same impression. They did away with Unlimited Data on July 6th, 2011. the 2 year contracts would have expired last year.

    I do remember the 3G Unlimited going away (I had an air card for years). However, that was to push everyone toward 4G LTE. No extra cost per month and we still had Unlimited data, only now it was on a 4G LTE device.
  15. Red Droid
    Offline

    Red Droid Member

    Joined:
    Feb 26, 2011
    Messages:
    41
    Likes Received:
    4
    Trophy Points:
    8
    Has anyone reached the end of a 2yr contract with the 6GB max plan? Will it revert to 2GB, or remain 6GB as a Grandfathered line?

    I'm genuinely curious about this. I've seen reports both ways.
  16. Mustang02
    Offline

    Mustang02 Well-Known Member

    Joined:
    Aug 8, 2010
    Messages:
    1,161
    Likes Received:
    61
    Trophy Points:
    48
    Location:
    Cleveland Ohio
    The max plan is less than a year old. Nobody will know but you'll probably be grandfathered like the unlimited data is now.
  17. TatDroid
    Offline

    TatDroid Active Member

    Joined:
    Nov 27, 2009
    Messages:
    726
    Likes Received:
    61
    Trophy Points:
    28
    Are you sure? I'm pretty sure the last line on my family plan that was upgraded to a standard 2 year contract with unlimited data doesn't expire until June 2014.
  18. lloydstrans
    Offline

    lloydstrans Well-Known Member

    Joined:
    Nov 16, 2011
    Messages:
    9,857
    Likes Received:
    87
    Trophy Points:
    48
    11/11/11 when the Droid RAZR debut, unlimited was still intact.

    Sent from my DUM phone using Droid Forums
  19. mikeinctown
    Offline

    mikeinctown New Member

    Joined:
    Nov 30, 2009
    Messages:
    342
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Cleveland
    First, unlimited date was done away with in 2012. I got my phone November 2011 and have been off contract and still unlimited since November 2013.

    Second, I am trying to decide how the math works out on all these plans. I currently use about 4 gigs a month of data as I stream Sirius at work. I pay $83 a month including a 16% discount and taxes totalling approx $7 a month. I have 450 minutes and unlimited text and data. My Rezound has been giving me problems and I'm unsure if it is the phone or battery.

    I have three choices:

    buy new S4 phone at $500 plus tax and keep my unlimited plan. That would add about $21 a month to my cell costs based on a 24 month life span of the phone. Total monthly $104

    Enter into new service agreement with 4 gigs internet. Phone is $99 up front and plan with 4 gigs service is $110 - 16% =$92.40 plus the $7 in taxes = $99.40 plus $4 for the phone cost spreadover a 24 month period. $103.40 a month.

    Edge plan with 4 gigs is $100 a month plus $20 for the phone monthly. With 16% discount on the plan, I am at $84 plus $7 tax = $91 plus the $20 for the phone. = $111 a month.

    Now, all three plans are within a few dollars of each other. if I choose to keep my plan i am still limited to 450 minutes of peak time but I get unlimited date. (never used more than 5 gigs though in any one month) I also do not use my wifi connection at all with the phone as I am on unlimited plan. I take the risk of spending $500 of my own money now PLUS the risk of VZW cancelling my monthly plan at any time.

    If I go with the service contract and just buy the $99 phone then I am out the $99 up front and locked into a 2 year contract with the same phone. i'm limited to 4 gigs data but also gain unlimited calling.

    If I go with the edge plan I am out about $8 a month additional, only get 4 gigs data and locked into the 24 month agreement. However, I gain unlimited voice, no up front out of pocket, and the ability to get myself the latest and greatest in a year instead of two years.

    Right now I am looking at going with the edge plan as to me it seems to make the most sense. if I can get more info on this MAX plan then tat may solve all my worries and I'll have gained unlimited voice with really no downside expect being locked into another contract. as I have been with VZW for the last 4 1/2 years, i think I can manage another 2.

    What would you guys do?
  20. jackiescivic
    Offline

    jackiescivic Well-Known Member

    Joined:
    Feb 10, 2011
    Messages:
    1,049
    Likes Received:
    248
    Trophy Points:
    63
    Location:
    Muskego, WI
    I personally would just do the Max plan and get 6gb/month and get the subsidized phone, but that's just me. I use about 2gb/month and had to switch to the Share plan because I sell Verizon, and went with 4gb just to cover myself. I didn't need unlimited, and I wasn't going to shell out $600 for my phone

    Sent from my Droid Maxx
    1 person likes this.
Search tags for this page
activate a droid maxx without losing unlimited
,
edge plan more everything plan
,
grandfathered verizon plan i want a galaxy note 3
,
how to upgrade without losing unlimited data verizon
,
verizon edge keep unlimited data
,
verizon ending grandfathered unlimited data
,
verizon ending unlimited data 2014
,
verizon keep unlimited data htc rezound
,

verizon max plan

,

verizon unlimited data

,
verizon unlimited data grandfathered 6gb
,
verizon unlimited data june 2014