Upgrades every 12 months require return of your current device; no decrease in service charges for buying off-contract
Following in 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.
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Source: http://feedproxy.google.com/~r/androidcentral/~3/WiIsCTAhvl8/story01.htm
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