Enhancements each twelve months require return of your present software; no lower in carrier costs for purchasing off-contract
Following within the footsteps of the competition AT&T has just unveiled what it calls “AT&T Next”, a new way of financing and upgrading handsets. With Next, AT&T customers will have the ability to upgrade their handset with no money down every 12 months, assuming that they sign up from the beginning with a payment plan on their current device. The system is loosely similar to T-Mobile’s current JUMP! and Equipment Installment Plans, but breaks down differently, and in some ways more simply.
When purchasing a device and signing up for service, you will now have the option to buy a phone via Next on an installment plan. The device will have no down payment, but you will pay the full, unsubsidized price over equal monthly payments for 20 months. After 12 completed payments you will have the option to trade in your (working, undamaged) device and receive a new one — again, with no money down — and have the remaining eight monthly payments on the original phone wiped out.
The monthly installments will run between $ 15 and $ 50, depending on the phone, and are a function of evenly dividing the full retail price of the phone by 20 months.
By way of example, AT&T says, a Samsung Galaxy S4 in Next will cost $ 32 a month on top of your monthly service plan. You’ll be able to trade it in and upgrade after 12 payments, or pay it off in full after 20 months. That’s based on the full $ 639 purchase price of a 16GB model.
You then then have a new 20-month cycle of paying the full unsubsidized price of the new phone, which which you can lower brief once more at three hundred and sixty five days and begin in every single place. For those who favor, you could at all times decide to complete paying the 20 months of funds and personal the software outright. There is no penalty for paying off early.
There’s no indication with the supplies to be had now that AT&T may have a provider contract requirement for Subsequent, however chronic month-to-month carrier is required to be able to maintain the installment plan going. AT&T Subsequent might be on hand as a purchase order choice for brand spanking new shoppers and present buyers with to be had improvements beginning July 26 and can also be utilized to buy any telephone or pill that AT&T bargains.