- Joined
- Dec 14, 2010
- Thread Starter
- #21
Well, I've been running the numbers on the cost of phones over the life of however long you take to pay them off.
AT&T claims that their "Next" plans are cheaper than the traditional 2-year contracts. As it turns out, this is a lie, at least on the phones which I've been looking at with my chosen data plan. You pay the monthly installment fee to pay off the phone, plus you also pay for usage and data charges for whatever plan you have and the local and government fees. So, when you upgrade to a new phone on one of their "Next" plans you pay your regular monthly fee for your data and voice plan(s) like you have been paying for with your previous device, and they tack on an additional monthly payment for the cost of the device (so you are paying out more per month than you would with a 2-year contract). Over time, this adds up to be greater than the price with a 2-year contract, by quite a lot as it turns out (over $600 more with some phones).
Apple iPhone 5s Pricing (with cheapest data plan):
2yr Agreement: $862.51
AT&T NEXT 24 (30 month): $1472.7
AT&T NEXT 18 (24 month): $1282.68
AT&T NEXT 12 (20 month): $1154.6
Samsung Galaxy S 5 Pricing (with cheapest data plan):
2yr Agreement: $812.52
AT&T NEXT 24 (30 month): $1494.6
AT&T NEXT 18 (24 month): $1302.6
AT&T NEXT 12 (20 month): $1174.6
Samsung Galaxy S 6 Pricing (with cheapest data plan):
2yr Agreement: $942.51
AT&T NEXT 24 (30 month): $1559.4
AT&T NEXT 18 (24 month): $1367.64
AT&T NEXT 12 (20 month): $1239.6
LG G3 Pricing (with cheapest data plan):
2yr Agreement: $812.52
AT&T NEXT 24 (30 month): $1423.5
AT&T NEXT 18 (24 month): $1231.56
AT&T NEXT 12 (20 month): $1103.6
AT&T claims that their "Next" plans are cheaper than the traditional 2-year contracts. As it turns out, this is a lie, at least on the phones which I've been looking at with my chosen data plan. You pay the monthly installment fee to pay off the phone, plus you also pay for usage and data charges for whatever plan you have and the local and government fees. So, when you upgrade to a new phone on one of their "Next" plans you pay your regular monthly fee for your data and voice plan(s) like you have been paying for with your previous device, and they tack on an additional monthly payment for the cost of the device (so you are paying out more per month than you would with a 2-year contract). Over time, this adds up to be greater than the price with a 2-year contract, by quite a lot as it turns out (over $600 more with some phones).
Apple iPhone 5s Pricing (with cheapest data plan):
2yr Agreement: $862.51
AT&T NEXT 24 (30 month): $1472.7
AT&T NEXT 18 (24 month): $1282.68
AT&T NEXT 12 (20 month): $1154.6
Samsung Galaxy S 5 Pricing (with cheapest data plan):
2yr Agreement: $812.52
AT&T NEXT 24 (30 month): $1494.6
AT&T NEXT 18 (24 month): $1302.6
AT&T NEXT 12 (20 month): $1174.6
Samsung Galaxy S 6 Pricing (with cheapest data plan):
2yr Agreement: $942.51
AT&T NEXT 24 (30 month): $1559.4
AT&T NEXT 18 (24 month): $1367.64
AT&T NEXT 12 (20 month): $1239.6
LG G3 Pricing (with cheapest data plan):
2yr Agreement: $812.52
AT&T NEXT 24 (30 month): $1423.5
AT&T NEXT 18 (24 month): $1231.56
AT&T NEXT 12 (20 month): $1103.6