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83 Messages
Is there a downside to paying of a Next plan early?
I could pay off my phone now to cut my bill by $20/month. Will I lose the $15 dollar monthy discount? Will I "own" the phone and not have to trade it in if I buy a new phone? Any reason not to pay it off early?
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GeekBoy
Master
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4.1K Messages
9 years ago
The only downside I see to paying off early is that you have to give AT&T all the money now. Other than that, it's no different than continuing to make the monthly payments. Some would say that you could invest the money now and even at 3-5% retun, that's 3-5% more you will have at the end of the agreement time than if you give it all to AT&T now. With the amount being so small, it's probably not even worth the hassle though.
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formerlyknownas
ACE - Sage
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110.8K Messages
9 years ago
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