Verizon offers the Galaxy S6 for no money down if you agree to pay for the new phone each month, but is the Verizon Edge program a good deal?
In this article we compare Verizon Edge vs Verizon two-year contract pricing and plans to help you decide what the best way to buy the Verizon Galaxy S6 is for you situation.
After more than a year of offering the new plan option that changes how consumers pay for their phones, we still hear from consumers asking “What’s better? Verizon Edge or a Verizon contract?”
The answer depends on your personal situation, including how often you want to upgrade, if you want to be free to leave Verizon at any time and what type of plan you need. Read on to see an example of the Galaxy S6 Verizon Edge vs Verizon two-year contract pricing.
The traditional way to buy the Galaxy S6 is with a two-year contract. In this scenario you pay $199 up front and Verizon gives you a $400 discount from the off contract price of $599. That $400 discount locks you to Verizon for two years before you can upgrade and the price of your monthly plan reflects this. If you choose to leave Verizon before two years are up, you need to pay an early termination fee that starts at $375 and decreases each month. If you want to upgrade to a new phone before the two-year period is over you must pay the full price for that new phone. With the Galaxy S6, Verizon charges $249 up front and offers a mail in rebate for a $50 debit card to drop the price to $199.
The Verizon Edge program shifts the pricing of the Galaxy S6 to monthly payments. With this new way to buy the Galaxy S6 you don’t sign a service contract, but you do agree to monthly payments for your phone over the next two years. If you choose to stop using Verizon service, you are still responsible for the cost of the phone. If you choose to use the Verizon Edge option for the Galaxy S6 you pay $24.99 a month for 24 months for a total of $599.76. There is no interest on the phone and you don’t put $0 down when you buy the phone.
As part of this plan you save $15 to $25 off the monthly cost of service from Verizon. If your plan includes 6GB or more of data the discount is $25 and if you choose a plan 4GB or lower it is a $15 discount.
Other bonuses for the Verizon Edge Galaxy S6 pricing include no upgrade or activation fees and faster upgrades with the option to upgrade to a new phone after 30 days and after 75% of the device is paid in. If you choose to “Edge Up” you must trade the device in to upgrade early. If you pay in full you don’t need to trade in the old device.
If you are a new customer you can get a $100 bill credit when you buy the Galaxy S6 with the Verizon Edge plan for each line you add. To use Edge the first time you need to be eligible for an upgrade and you will need a good payment history of at least six months or if you are a new customer pass a credit check.
You can choose a Verizon Edge or a Verizon two-year contract plan for families with the More Everything Plan or on a Single Line Plan.
For shoppers who don’t have $199 on hand to buy the Galaxy S6, but still want the new phone we share a comparison to help you figure out if the Verizon Edge program or a Verizon two-year contract is a better deal. In the example below we only compare one user, so it is a good idea to build your own plan for a family of users. You can add up to 10 devices to a personal account on contracts or with Verizon Edge. The $15 and $25 a month discounts are per line that uses Verizon Edge. Not all plans on the account need to switch to Edge at the same time.
Verizon Edge vs Verizon 2 Year Contract Pricing
|Verizon Plan||Due at Purchase||Activation Fee||Edge Payments||Monthly Service||Total Cost 1st Year||Total Cost Two Years/ End of Payments|
|Verizon Contract, 1GB Single Line||$199.99||$40||$0||$60||$960||$1,680|
|Verizon Edge, 1GB Single Line||$0||$0||$24.99||$45||$840||$1,680|
|Verizon Contract, 2GB Single Line||$199.99||$40||$0.00||$75||$1,140||$2,040|
|Verizon Edge, 2GB Single Line||$0||$0||$24.99||$60||$1,020||$2,040|
|Verizon Contract, 2GB More Everything||$199.99||$40||$0||$80||$1,200||$2,160|
|Verizon Edge, 2GB More Everything||$0||$0||$24.99||$60||$1,020||$2,040|
|Verizon Contract, 4GB More Everything||$199.99||$40||$0.00||$100||$1,440||$2,640|
|Verizon Edge, 4GB More Everything||$0||$0||$24.99||$85||$1,320||$2,640|
|Verizon Contract, 6GB More Everything||$199.99||$40||$0||$110||$1,560||$2,880|
|Verizon Edge, 6GB More Everything||$0||$0||$24.99||$85||$1,320||$2,640|
|Verizon Contract, 10GB More Everything||$199.99||$40||$0.00||$140||$1,920||$3,600|
|Verizon Edge, 10GB More Everything||$0||$0||$24.99||$115||$1,680||$3,360|
From a purely financial standpoint the Verizon Edge plan pricing is a better deal for almost any customer when looking at one device. In several scenarios the total cost is the same for a Verizon contract or with Verizon Edge, so you can choose whichever option you prefer.
In many cases the Verizon Edge option is a better deal because it will allow you to upgrade to an iPhone 6s in the fall, a Galaxy Note 5 or to be first in line for the Galaxy S7 in 2016. Keep in mind that some states like California charge tax on the full price of the phone, not the contract price. This might mean paying an extra $50 up front with a contract or spreading it out over 24 months.
In the end, the best option is one that gives you enough data to meet your needs, because paying for more data than your plan includes or paying for too much data is the easiest way to waste money on a cell phone plan.
OtterBox Galaxy S6 Cases
Users that need a lot of protection should check out the Galaxy S6 OtterBox cases including the Defender and Commuter series that offer a lot of protection for the device.
OtterBox Defender Galaxy S6 cases come in seven colors for the shell and seven for the cover, allowing users to combine to get the color scheme they want. The case is $49.95 and there are higher-priced options with RealTree camo and with sports teams on the back. This case includes a screen protector and port covers to keep dust out of the ports. OtterBox Defender Review.
The OtterBox Galaxy S6 Commuter case is slimmer with less protection, but a more pocketable size that appeals to many users. The dual-layer protection can absorb drops and it includes a stick on-screen protector. This case is $34.95 with the same variety of color options. OtterBox Commuter Review.