As we expected just behind T-Mobile, AT&T and Verizon, Sprint will not longer allow customers to buy phones on a 2 yr. contact. The only options that will be available are Full Price, Lease and EasyPay and ANY of the Sprint planes. However this does not apply to existing customers that are on the Everything Data/Share or Unlimited My Way plans (Information still pending on whether existing customers on any other plans will still be able to sign a contact.) Any existing customers can still add line(s) to their account using a 2 year contact.
DON’T WORRY: You still have until the 8th of this month (Jan. 2016) to get new lines with a 2 year contact. However after that NO MORE accounts can be opened with a 2 year contact.
You can still however use any of the other options like Lease, Easy Pay etc. These options might end-up being cheaper in the long run anyway if Sprint decides to lower some of the prices.
The options to drop the 2 year contact started with T-Mobile back in 2013. Many other carriers followed with Verizon and then AT&T also announcing it will drop contracts on the 8th. It only made sense for Sprint to also drop it’s contracts since it’s the only carrier in the top 4 list that would still have contracts.
This information about the contract drops might create confusions at your local Sprint store(s).. So if there are any problems just show them a news articles (like this one) with the facts or a post on newsroom.sprint.com.
Verzion announced that they it has a set of new phone plans along for new customers along with removing the traditional two-year contact options.
Now customers will have to pay for their phone in full price or pay for the phone in 24 month or less* payments and since they are removing contacts you can switch from verizon at any-tine as long as you pay off the remaining amount of the phone which you get to keep, Just like T-Mobile’s Un-Carrier and other carrier’s similar plans
The new plans apply to new individual and shared plans. The new plans are in 4 categories:
-Small: $30/month for 1GB of shareable data
–Medium: $45/month for 3GB of shareable data
–Large: $60/month for 6GB of shareable data
–X-Large: $80/month for 12GB of shareable data
All plans come with Unlimited Talk and Text. The Monthly access fees for a smartphone is $20, for Tables and Jetpack Wi-Fis it’s $10, and $5 for “connected device line” such as smartwatches. All of the charges are on-top of the data change and finance charge for the phone. Verizon hopes that the new plans will remove some of the confusion on which plan costs how much.
Here is an example of what a new verizon bill may look like**.
Verizon 3GB Plan with Unlimited Talk and Text: $45 /mo.
+ iPhone 6 16GB ($649) with 24 Month payments: $24.04 /mo.+ iPhone 6 access charge $20/mo.
= (without tax. not real prices) $92.04 /month
These prices might not save you money but, will remove a lot of confusion.
Many things in our lives come in familiar sizes. Morning coffee? A medium, please. New t-shirt? That’s a large – at least for now. From small to XL, everyone understands these common sizing options.
The new plans come into effect almost a year after T-Mobile and Other carriers launched similar plans. The new plans will go in-to effect August the 13th. If you think you might be able to save money with the old plan then get it now before it’s gone forever..
*Based on many factors. Ask a Verizon Rep. for more info.
** Real prices may be different. That is just an example