From Newsgroup: misc.phone.mobile.iphone
Marion wrote:
*Verizon will give you an iPhone 17 Pro free with trade-in right now*
<https://www.zdnet.com/article/verizon-will-give-you-an-iphone-17-pro-free-with-trade-in-right-now-how-the-deal-works/>
Heh heh heh...
After reading that clickbait, I realized, belatedly, why all the Apple trolls can't believe that I received my phone for free (other than paying sales tax on the MSRP) where the Apple trolls, for years, insisted there were hidden costs in the service.
I forgot to add a realistic estimated value for the traded-in phone.
Since it has to be on the line, it's gonna be a relatively recent model.
I assume an average of $450 for that trade-in for the updated table below.
+------------------------------------------------------------------------+
| Item | Cost | Notes
+------------------------------------------------------------------------+
| iPhone 17 Pro | $1,099.00 | Retail price
| Sales Tax (9.25%) | $101.66 | Paid upfront
| Monthly Plan | $90.00 | Unlimited Ultimate
| Monthly Credits | -$30.53 | Over 36 months
| Net Monthly Cost | $59.47 | After credits
| Contract Length | 36 months | For full credit
| Trade-In Value Lost | $450.00 | Estimated resale value
+------------------------------------------------------------------------+
| Total Plan Cost | $2,141.00 | $59.47 x 36 months
| Total Extra Cost | $2,242.66 | Includes sales tax
| Real Cost w/ Trade-In | $2,692.66 | Includes value of phone
+------------------------------------------------------------------------+
Verizon's 'free' phone deal actually costs $971 more over 3 years when
you factor in the $90 premium plan and the $45 value of your trade-in.
However, if the person was originally on a $45/month plan and upgraded
to $90/month just to qualify for the "free" iPhone 17 Pro, then the real
extra cost is the difference in plan cost over 36 months, not the full $90/month.
+------------------------------------------------------------------------+
| Item | Cost | Notes
+------------------------------------------------------------------------+
| iPhone 17 Pro | $1,099.00 | Retail price
| Sales Tax (9.25%) | $101.66 | Paid upfront
| Plan Upgrade Cost | $45.00 | $90 - $45 monthly delta
| Net Monthly Cost | $14.47 | $45 upgrade - $30.53 credit
| Contract Length | 36 months | Required for full credit
| Trade-In Value Lost | $450.00 | Estimated resale value
+------------------------------------------------------------------------+
| Total Plan Upgrade | $520.92 | $14.47 x 36 months
| Total Extra Cost | $622.58 | Includes sales tax
| Real Cost w/ Trade-In | $1,072.58 | Includes value of phone
+------------------------------------------------------------------------+
Instead of counting the full $90/month plan cost, we now only count the
$45/month increase over the original plan.
The monthly net cost becomes $14.47 after subtracting the $30.53 credit.
The total cost drops significantly-from $2,692.66 to $1,072.58-if you
were already paying $45/month and just upgraded for the promo.
On the other hand, buying outright and using an existing $45/month plan
keeps your trade-in, and avoids long-term commitments.
+------------------------------------------------------------------------+
| Item | Verizon Promo Deal | Buy Outright + $45 Plan
+------------------------------------------------------------------------+
| iPhone 17 Pro | $1,099.00 | $1,099.00
| Sales Tax (9.25%) | $101.66 | $101.66
| Monthly Plan Cost | $90.00 | $45.00
| Monthly Credits | -$30.53 | $0.00
| Net Monthly Cost | $59.47 | $45.00
| Contract Length | 36 months | None
| Trade-In Value Lost | $450.00 | $0.00 (you keep it)
+------------------------------------------------------------------------+
| Total Plan Cost | $2,141.00 | $1,620.00
| Total Extra Cost | $2,242.66 | $1,721.66
| Real Cost w/ Trade-In | $2,692.66 | $1,721.66
+------------------------------------------------------------------------+
Steve's type deal:
a. You buy the iPhone 17 Pro unlocked for $1,099
b. You pay 9.25% sales tax in Cupertino California.
c. You use Visible's $25/month plan (promo price)
+------------------------------------------------------------------------+
| Item | Cost | Notes
+------------------------------------------------------------------------+
| iPhone 17 Pro | $1,099.00 | Retail price
| Sales Tax (9.25%) | $101.66 | Paid upfront
| Monthly Plan | $25.00 | Visible promo plan
| Contract Length | None | Cancel anytime
| Trade-In Value Kept | $450.00 | You keep or resell it
+------------------------------------------------------------------------+
| Total Plan Cost | $900.00 | $25 x 36 months
| Total Cost w/ Tax | $2,100.66 | Phone + tax + plan
| Real Cost w/ Trade-In | $1,650.66 | After subtracting resale
+------------------------------------------------------------------------+
Steve would be proud of for shilling for the MVNO Visible!
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