Tuesday, August 13, 2013

New "Early Upgrade" may get you paying twice for a phone!

Apparently it's that time of the year when the main phone carriers decide they are going to make a few changes and make it sound like they are saving us money when they really aren't.  This time around the changes come in the form of "Early Upgrade" plans.

T-Mobile has one called "JUMP", AT&T has one called "NEXT" and Verizon has one called "EDGE".  T-Mobile's plan doesn't really bother me all that much for two reasons.

1. T-Mobile removed the price of the phone from their service fees, so when you get a phone using a 2 year contract (or payment plan as they prefer to call it) you pay monthly fees for the phone but once you are done paying for the phone, you no longer have to continue paying for it.  With Verizon and AT&T you are paying for the phone in your monthly service cost, but at the end of the 2 years, that cost doesn't change, you continue paying for the phone even after being done.

2. T-Mobile Jump costs an extra $10 a month on your plan, but it works as phone insurance, most of us would pay close to $10 for phone insurance anyway.

Check out my video below for more information on why I think that Verizon and AT&T are trying to rip you off, specially AT&T where after a year you basically end up paying $606 for a $650 which you'll have to give back to them if you want to do the early upgrade.

If you are the type of person who MUST have the latest phone, some of this may be for you, but for most people I would have to say "Stay away!".  

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Twitter: @tsnstuff

Thank You!
Javier Torres

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