In the fast-evolving world of smartphones, waiting the standard 36 months of a device payment agreement can feel like a long time. If you’re a Verizon customer in the United States eager to get your hands on the newest technology sooner, you might be wondering about verizon early upgrade possibilities. Here’s a breakdown of how upgrades typically work and the options available for upgrading ahead of schedule.
Standard Upgrade Timing vs. Verizon Early Upgrade
Typically, you become eligible to upgrade your device with Verizon under these standard conditions:
- You have completed the full term of your current Device Payment Agreement (usually 36 months).
- You choose to pay off the remaining balance of your current Device Payment Agreement early.
A verizon early upgrade, therefore, refers to acquiring a new device on a new payment plan before meeting either of these standard conditions, usually through specific programs or offers.
The Role of Device Payment Agreements
Most smartphones purchased through Verizon today are financed via a Device Payment Agreement. This allows you to pay for the device through monthly installments added to your bill over a set period (currently 36 months) typically with 0% APR. Your eligibility to upgrade is directly tied to the status of this agreement – specifically, how much of the device cost has been paid off.
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How Can You Get a Verizon Early Upgrade?
There are a few pathways that might allow you to upgrade before your 36-month agreement is complete:
Option 1: Pay Off Your Current Device 100%
This is the most straightforward route. You can pay the full remaining balance on your current device payment agreement at any time.
- Benefit: You immediately become eligible for a standard upgrade to a new device.
- Outcome: You fully own your old device, which you can then keep, sell, give away, or use for a separate trade-in promotion towards your new phone (subject to current offers).
Option 2: The Verizon Early Upgrade Program (50% Pay Off & Return)
Verizon has a specific program that allows for an early upgrade under certain conditions:
- Eligibility: You generally need to have paid off at least 50% of your current device’s retail price through its device payment agreement. The device must also have been active on your line for at least 30 days. This program often applies only to specific, newer smartphone models (check Verizon’s official terms for the current list of eligible devices).
- Requirement: This option requires you to return your current smartphone to Verizon. The device must be in good working condition – meaning it powers on and off, the screen isn’t cracked, it has no significant physical damage, and all security features like Find My iPhone/Activation Lock are turned off.
- Benefit: If you meet the eligibility criteria and return the device in acceptable condition within the required timeframe (usually 30 days after starting the upgrade), Verizon typically waives the remaining balance owed on that old device payment agreement.
- New Agreement: You must purchase your new smartphone on a new 36-month device payment agreement.
Option 3: Plan-Specific Perks
Some premium Verizon plans, like Unlimited Ultimate, may include benefits related to upgrades. While often aligning with the 50% pay-off-and-return model (Option 2), these plans might guarantee access to the best available promotional deals when upgrading, potentially offering more value than standard eligibility alone. Always check the specific details of your plan.
Option 4: Limited-Time Promotional Offers
Occasionally, Verizon runs special trade-in promotions that might allow customers on various plans to upgrade early if they meet specific criteria (e.g., trading in a particular phone model). These offers are time-sensitive and not part of the standard verizon early upgrade policy.
Checking Your Verizon Early Upgrade Eligibility
The easiest ways to see your specific upgrade status are:
- My Verizon App: Log in and navigate to your account or device details. It will typically show your upgrade eligibility date and if any early upgrade options are available.
- My Verizon Website: Sign in at Verizon.com and check the “My Devices” section or look for upgrade eligibility information.
- Dial #UPG (#874): Texting this code from your Verizon phone may return a message with your upgrade status.
- Customer Service / Stores: Representatives can look up your account and confirm your eligibility.
Key Factors When Considering a Verizon Early Upgrade
Before pursuing an early upgrade, consider:
- Cost: Factor in any remaining balance you might need to pay (if choosing Option 1) versus the requirements of plan-specific programs. Don’t forget the standard activation/upgrade fee (usually around $35) for the new device.
- Device Return: If using the 50% pay-off option, are you prepared to give up your current phone? Critically, is it in good enough condition to meet Verizon’s trade-in requirements? If not, you could be billed for the remaining balance of the old phone.
- New Commitment: Starting a verizon early upgrade almost always means entering into a new 36-month device payment agreement for the new phone.
Conclusion: Choose the Upgrade Path That Fits Your Needs and Budget
Getting the latest smartphone before your agreement ends is possible with Verizon through various verizon early upgrade options. Whether you pay off your device entirely or utilize the 50% pay-off-and-return program (if eligible), understanding the requirements, costs, and trade-in conditions is key to making the best decision for your needs and budget. Always check your eligibility status through My Verizon before proceeding.
