All major smartphone makers release new variants of their most popular phones each year which means that you could get a brand new model every 12 months, at least in theory. In practice, though, it has never been that easy unless you bought an unlocked device from an independent seller. However, about a year ago things started to changed as carriers realized that a significant number of customers really want a new phone as soon as it’s available for purchase. With that in mind, Verizon just launched an Annual Upgrade Program that gets you a new Galaxy S phone each year.
Verizon Wireless is changing its upgrade policy. Now you can grab a newest Galaxy S phone as soon as you have paid off 50% of your old model.
Last year the carrier launched a similar program but it was aimed only at iPhone users leaving Android fans greatly disappointed. Now the Big Red network is expanding the program to Galaxy S phones. The conditions of the program are as simple as can be. All you have to do to participate in annual upgrade program is buy either the Galaxy S7 or the Galaxy S7 Edge on a lease. Great news is that even if you preordered either of the phones before they were released you’re automatically enrolled in this program.
Verizon’s Annual Upgrade Program allows you to purchase a new model of a Galaxy S phone as long as you have paid off at least 50% of the price of your current device. And you don’t even have to a whole year to upgrade. You can do so as early as 30 days after activating the phone. The only downside, if you could even call it that, is that you will have to return your current phone when you upgrade early. That said, if you tend to form a strong emotional bond with your phones and find it hard to part with them, you might want to think twice before taking advantage of the deal. Keep in mind, though, that early upgrade is not obligatory – you can still pay off your Galaxy S phone in 24 monthly installments.
Early upgrade programs are becoming increasingly popular and seem like a great opportunity for carriers to keep subscribers from leaving. In fact, it’s a win-win situation for both parties – the carriers get a number of loyal customers, and the customers can purchase new phones as soon as they arrive and at a much lower price. Besides Verizon, similar programs are also offered by Sprint and T-Mobile.