Phone trade in.
I recently traded in my ZFlip 3. I was given $1,000.00 for my trade. I purchased a S23 Ultra for $1,199.00. I'm using the next plan for 36 months. If I chose to pay the phone off in three months, how much will I owe? I think I'll owe less than $199.00. Is this correct?
ACE - Sage
3 months ago
In 3 months, the credits for your trade-in phone should begin and you should get credit for 3 months at $27.78 each or a total of $83.34 that means out of the original 1200, $83.34 will have been paid. You will still owe over $1,100 on the phone.
You did not read how the trade-in deal works. The trade-in deal does not give you a lump sum credit. It provides bill credits over 36 months.
This means every month AT&T will apply the installment to your bill of $33.33 and they will also put a corresponding credit of $27.78 on your bill..
Once the credits begin you can pay off and unlock your phone if you wish to do so. But if you cancel the line or upgrade the line the credits will stop