Hot on the heels of Verizon’s rumored “VZ Edge” installment plan, and T-Mobile’s Jump! Plan, AT&T has unveiled their own, coined “AT&T Next”. Starting July 26th, AT&T will let customers upgrade their phone once a year. You can either pay the phone off for 20 months and keep it, or trade it back in for a new one after 12 months and finish paying it off when you get it.
The cost of the plan can be anywhere from $10 a month to $50 a month depending on the unsubsidized cost of the device. For example, a Galaxy S4 on their “Next” payment plan would be your service charge (for calling, text, and data) plus $32 a month for the cost of the device.
So the total after 12 months (for the GS4 alone) would be $384 and you would have to pay $256 to pay off the GS4 if you wanted to upgrade to a new phone. This means your minimum bill after a year (or 20 months) would be a minimum of $640.
That’s very different than T-Mobile’s upgrade program (Jump!) which is $10 for all devices (no matter the unsubsidized price) and covers warranty as well. So now it’s Sprint’s turn to do a plan like this.