I did the math on Verizon's S6 Edge payment options. Here's my analysis

[inkrededibles]

For anyone wondering, I did the math on the three options provided by Verizon in terms of paying for the S6 Edge. Here are my equations, where n is sales tax. If you want to find out the cost where you live, replace n with (1+your sales tax). So if your sales tax is 9%, n=1.09:

32 GB
Verizon Edge: (29.16)(24)n=
2 Yr Contract: 299.99+[699.99(n-1)]+(15*24)n=
Full Price: (699.99)n=

64GB
Verizon Edge: (33.33)(24)n=
2 Yr Contract: 399.99+[799.99(n-1)]+(15*24)n=
Full Price: (799.99)n=

128GB
Verizon Edge: (37.49)(24)n=
2 Yr Contract: 499.99+[899.99(n-1)]+(15*24)n=
Full Price: (899.99)n=

For example purposes, I calculated with a sales tax of 9%. At 9%:

32 GB
Verizon Edge: $735.83
2 Yr Contract: $755.39
Full Price: $762.99

64GB
Verizon Edge: $871.91
2 Yr Contract: $864.39
Full Price: $871.99

128GB
Verizon Edge: $980.74
2 Yr Contract: $973.39
Full Price: $980.99

This only the device, not the amount you'll be spending per month in terms of data and minutes. However, the 15 dollar discount you receive for being off-contract is included in the price difference when compared to the 2 Yr Contract. I also didn't include any promotions held by Samsung, Verizon, or any other companies, as to keep this relevant for future readers.

In conclusion, inflation makes the difference between Verizon Edge and 2 Yr Contract negligible, so if you're on the fence, choose whatever you're comfortable with. Inflation also makes it much cheaper for you to pay through Verizon Edge instead of paying everything up front. So unless you're getting a significant discount somehow through a different dealer or Amazon or something, don't purchase the phone with a single payment.

 

[vegasdroid]

Verizon has the best prices for S6/S6E. Compared to the other carriers.

 

[ChadWilliam1]

I want to note if you have 15 or more gigs of data a month verizon will give you $25 off your verizon edge program a month.

 

[Sketchr]

I want to note if you have 15 or more gigs of data a month verizon will give you $25 off your verizon edge program a month.

You will also receive a $25.00 "month to month" discount if you pay in full-or already own a phone, not on contract.

 

[jlrosell]

I want to note if you have 15 or more gigs of data a month verizon will give you $25 off your verizon edge program a month.

My wife and I got the discount for having a 10GB plan. It was my understanding that 10GB is the threshold for the 25 dollar discount.

 

[ChadWilliam1]

That may be true I am not sure.

 

[jason3555]

Verizon has the best prices for S6/S6E. Compared to the other carriers.

I disagree strongly. I just got my S6 Edge from Sprint and with a 2-year contract extension I had to pay $349.99 before a $50 mail in rebate. So my total cost to own the phone is $299.99 after rebates, with a 2 year extension. 32 GB model.

 

[ChadWilliam1]

Sounds like you over paid

 

[rsgoldens]

I bought the Note 4 on launch day on the Edge plan walking out the door only paying tax. Have made my edge payments and received the $25/mo discount, so paying like $7 - $8 month more than I would if I had bought the phone on contract. Decided I wanted the S6 Edge, my buyout on the Note 4 was $583.00. So I sold my note on eBay for $575, paid my buyout and was able to buy the S6 Edge for $44 tax. So the way I see it, I'm only out the cost of the cases which I bought cheap on eBay and Amazon. Worth it to me to be able to upgrade and still paying barely out of pocket. I like every new phone, so that's why this method works well for me. I would be paying $40 month for line service anyway, so why not just pay the extra $7-8 instead of forking out $300 and being stuck for 2 years?

 

[ronmarkey]

I think the $25 discount threshold is 6GB. That is what I have anyway.

 

[WRIGHTRACING]

I'm with AT&T, and done the math on their plan. The S6 is the better deal on the NEXT plan, but who cares. I wanted the s6 edge so I bought it. Either way the NEXT plan is cheaper than the 2 year contract in both cases, with the 10GB and higher shared plans. If you have the lower plans the contract is the better plan.

BTW, I never even considered selling the edge in 6 months and buying the NOTE 5. May be something I check into in 6 months.

 

[sleedeane]

I'm with AT&T, and done the math on their plan. The S6 is the better deal on the NEXT plan, but who cares. I wanted the s6 edge so I bought it. Either way the NEXT plan is cheaper than the 2 year contract in both cases, with the 10GB and higher shared plans. If you have the lower plans the contract is the better plan.

BTW, I never even considered selling the edge in 6 months and buying the NOTE 5. May be something I check into in 6 months.

All I know is that by enrolling in the Next program I got a free Samsung 8" tablet through AT&T yesterday.