Verizon is offering a free* iPhone 7 deal, too

[Wireless News]

Why pay for your brand new iPhone 7 when you can get one for free*? T-Mobile and Sprint slapped together a couple of somewhat-convoluted promotions in an effort to woo iPhone upgraders, and now Verizon has followed suit. In a nutshell, these deals allow you-to trade in an old iPhone and get a credit toward your-new iPhone 7. Then, you-have to pay the balance in full for that iPhone 7, but the amount they pay is credited back to you-in the form of wireless bill credits over the course of 24 months. Is it really a good deal? Yes and no. MUST READ:- I already hate my new iPhone 7 and I don’t even have it yet Verizon's free* iPhone 7 deal is a lot like the ones offered by T-Mobile and Sprint . In Verizon's case, trading in your old iPhone 6, iPhone 6 Plus, iPhone 6s or iPhone 6s Plus gets you a credit to use towards your new iPhone. Then, you'll need to pay the balance of the phone's cost, but that amount will be credited back to you on your wireless bill each month for 24 months. So, for example, if you want a 32GB iPhone 7 and your trade-in is worth $400, you'll have to pay $249.99 for the new iPhone 7. Then, beginning 2-3 months later, you'll see a credit of $10.42 on your Verizon bill each month for 24 months. Should you take advantage of one of these free* iPhone 7 deals? If you want a brand new iPhone 7, you have-several hundred dollars to shell out up front, and you plan to keep the phone for two years, then these free* iPhone 7 deals aren't bad at all. They're basically... wait for it... subsidized cell phone-plans. That's right ladies and gentlemen, we've come full circle. If you want to upgrade next year when the completely redesigned iPhone 8 is released, you'll have to pay the balance of your subsidy before you can. There will be new subsidy plans masquerading as free* iPhone deals next year though, so it's difficult to say how big of a hit you'll end up taking. To take advantage of Verizon's deal, simply head to Verizon's iPhone 7 preorder page and purchase the phone using monthly payments. During you can select-the option to trade in your old phone.

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