View discussion in a new window
If a new customer signs up for the My Verizon plan, they will also likely need to get a new phone. That is going to add at least $20, probably more, to their bill. So that brings up the cost right back to $40 or more for the new customer. You already have your phone that was subsidized by Verizon. Until your agreement completes paying back the money Verizon sank into that phone to give you the cheap price, you will also pay $40 for the phone and access. Really no different.
Now when your contract is over, you are in the same situation as a new customer. You can keep your current phone and only pay $20 per month for line access plus data, or buy a new phone and pay a per month phone repayment cost, the $20 per month line access and then the data.
