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Buyer Beware: New Early Upgrade Plans Are Not Worth It

It seems that there is a new smart phone out every day. With technology changing and getting better overnight, the demand for a new upgrade to the newest phone is high.

With new phones and plans coming out, the big four of phone carriers in the United States; Verizon Wireless, AT&T, Sprint and T-Mobile have all rolled out an early upgrade system where consumers can trade in their phones as early as every six months (T-Mobile).

There is a catch and a big one: In order to take advantage the phone will get paid for monthly and will be at least hall of the full price of the new phone before upgrading.

Many have felt that paying $25 a month is a great deal in order to upgrade their phone every year instead of once every two years.  

It’s a plan designed to get the most money possible out of the consumer.  With two-year plans companies made up for inexpensive phones by charging more for services, now with the earlier options at minimum the carrier will make an additional $300 while the services offered remain the same. So, where’s the value in being able to change phones early? 

Also, in order to get the new phone the old phone gets traded in for the new. 

As illustrated the actual new early upgrade plans aren’t worth the hassle as it’s similar to that of a lease of a car. 

Even though an older phone doesn’t seem worth it, yet the Apple IOS and Android are often updated well into the second year of service allowing features available to newer phones to get utilized. While the newest iPhone comes with a power port on the bottom the new features don’t make up for the added cost of the phone and the new fee structure. 

So, bite the bullet, stick with the two-year contract and save money. 

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Robert D. Cobb
Founder, Publisher and CEO of INSCMagazine. Works have appeared and featured in places such as Forbes, Huffington Post, ESPN and NBC Sports to name a few. Follow me on Twitter at @RobCobb_INSC, email me at [email protected]

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