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Verizon Starts Financing Tablets
With Some Additional Extra Fees for Good Measure
by Karl Bode 10:30AM Friday Oct 19 2012
With tablet sales through carriers being rather tepid, Verzion recently stopped subsidizing tablets since nobody was buying them -- but now Verizon has a new plan: letting users pay for tablets through monthly installment plans. Verizon Wireless has quietly started letting users pay for tablets via a fee tacked on to their bills at rates as low as $31.67 per month. You'll need to pay a $35 activation fee and a $30 finance charge, in addition to paying $10 a month to attach the device to the pool of data offered by Verizon's new shared data plans. Verizon hopes users will buy the 3G/4G version of tablets "just in case":
quote:
Click for full size
To obtain the financing, customers must pay a $35 activation fee and a $30 finance charge (and pass a credit check), and then can break up the cost of their tablet over the course of 12 months. Greengart and Huff noted the financing plan "offers customers tablets for as low as $31.67 per month, taking the sting out of a $349 - $729 purchase."

"While financing is only offered if data service is added, there is no service contract," wrote Greengart and Huff. "Consumers can comfortably buy a connected tablet today, turn off cellular data, and use it in Wi-Fi-only mode down the road, which may encourage them to buy the connected version 'just in case.'"
The problem is that people aren't buying tablets from carriers because Wi-Fi versions are cheaper and don't involve per byte overages or monthly fees. If they want to connect their tablet while on the go, they can simply tether to their smartphone. While the financing idea might appeal to some, those who do the math likely won't be eager to pay more for connectivity they don't need -- in addition to Verizon's $65 price padding.

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Telco

join:2008-12-19
Reviews:
·Callcentric

4 edits

Cellular Tablet

I had both a wifi only and a cellular tablet and can hands down say the cellular version is better and more convenient. I can take it anywhere and have a data connection. Whereas, the wifi is limited to your house, in which case, what's the point of a tablet there anyway.

The main reason I purchased a tablet is to be able to take a device that has a decent size screen on the go. I barely use a smartphone when I have it with me. Going back to a wifi only tablet is like getting rid of a DVR or broadband internet.

Granted, as with anything wireless, our plan structures here are a joke. Folks overseas can purchase a 10gb plan and use it over the course of a year. Whereas, in the plutocratic oligarch "land of the Free", we are ironically 'told' by duopolies what, when, and how we may or many not use a device; all while we are given lip-service about the free market and how everyone else paying 1/3 the price apparently sucks.

djrobx
Premium
join:2000-05-31
Valencia, CA
kudos:2
Reviews:
·Time Warner Cable
·VOIPO

Re: Cellular Tablet

If you have a mobile data plan that offers tethering, it's not all that difficult to turn tethering on and just use a wifi tablet.

I have a cellular iPad with Verizon, but that's because I have an unlimited iPhone data plan that doesn't allow me to tether.

--
AT&T U-Hearse - RIP Unlimited Internet 1995-2011
Rethink Billable.

crazyk4952
Premium
join:2002-02-04
united state
kudos:1
Reviews:
·CenturyLink
·Vitelity VOIP
·Charter
·Callcentric
·voip.ms
said by Telco:

I had both a wifi only and a cellular tablet and can hands down say the cellular version is better and more convenient. I can take it anywhere and have a data connection. Whereas, the wifi is limited to your house, in which case, what's the point of a tablet there anyway.

The main reason I purchased a tablet is to be able to take a device that has a decent size screen on the go. I barely use a smartphone when I have it with me.

+1
pooker314

join:2005-04-12
Brush Prairie, WA

not enough Verizon!

Given the insanity of both the phone prices and service fees, I think Verizon is going to have to get a bit more creative than this. Perhaps they should offer some reverse mortgage financing option. Sure, your estate will probably lose the house when you die, but you'll have all that LTE goodness in the meantime.

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD

Pointless

Why would anyone want a cellular-enabled tablet when they can just jailbreak/root and tether instead?
--
Romney/Ryan 2012 - Put a couple of mature adults in charge.
puck0114

join:2005-12-24
Portland, OR

Re: Pointless

No need to even root. Just install a third party tethering app like PDANet or FoxFi (Verizon isn't allowed to block them) and connect to your phone.
navyson

join:2011-07-15
Upper Marlboro, MD

Re: Pointless

said by puck0114:

No need to even root. Just install a third party tethering app like PDANet or FoxFi (Verizon isn't allowed to block them) and connect to your phone.

I use Foxfi and it is great.

88615298
Premium
join:2004-07-28
West Tenness
said by puck0114:

No need to even root. Just install a third party tethering app like PDANet or FoxFi (Verizon isn't allowed to block them) and connect to your phone.

They can't bock them but they can still insist you pay for the service.

dnoyeB
Ferrous Phallus

join:2000-10-09
Southfield, MI

Re: Pointless

At that point, exactly what service would you be paying for?
CXM_Splicer
Looking at the bigger picture
Premium
join:2011-08-11
NYC
kudos:1

Re: Pointless

Exactly, you are already paying for the service... the data connection. Tethering is not a 'service', it is something you do with service you already have.

88615298
Premium
join:2004-07-28
West Tenness

Re: Pointless

said by CXM_Splicer:

Exactly, you are already paying for the service... the data connection. Tethering is not a 'service', it is something you do with service you already have.

Unless you're on their Share Everything plan tethering costs extra. That's just the facts.
CXM_Splicer
Looking at the bigger picture
Premium
join:2011-08-11
NYC
kudos:1

Re: Pointless

Oh sure, I don't doubt that they will charge you if you ask them nicely to tether you. But if you do it yourself, what are they charging you for?

dnoyeB
Ferrous Phallus

join:2000-10-09
Southfield, MI
Reviews:
·Comcast
I don't disagree that they will charge for this. I'm just tyring to point out that they are not doing anything worth being paid for. Kind of like when ISPs used to try and charge by the computer at your house. They woke up and decided to charge for something real. An IP address...
--
dnoyeB
"Then said I, Wisdom [is] better than strength: nevertheless the poor man's wisdom [is] despised, and his words are not heard. " Ecclesiastes 9:16
osravens

join:2011-01-26
Cumberland, MD

Tablets

I just don't get the appeal. Why do I want to pay that much for a crippled laptop with a small screen?

I'm concerned with this move to basically wall off and appify the internet. Sure, it's good for content providers, but I don't think it goes to the spirit of the internet.

mackey

join:2007-08-20
kudos:6

Re: Tablets

said by osravens:

I just don't get the appeal. Why do I want to pay that much for a crippled laptop with a small screen?

It's BECAUSE it's a crippled laptop with a small screen.

Crippled laptop = really hard for a non-computer person to screw up. Generally don't need to worry about viruses or malware. Easy to use.
Small screen = small total size, really long battery life, cheap.

/M
osravens

join:2011-01-26
Cumberland, MD

Re: Tablets

I'm a computer person. I don't want some company defining my experience.

I no longer even own a laptop due to the replacement issues of hardware.

This country just continues to get dumber and dumber. There's nothing cheap about the latest iTrash. It costs more than the last desktop I bought.

mackey

join:2007-08-20
kudos:6

Re: Tablets

said by osravens:

I'm a computer person. I don't want some company defining my experience.

I no longer even own a laptop due to the replacement issues of hardware.

You're clearly not in the target market then.

I see absolutely no reason for a log splitter. That doesn't mean other people don't want/need one.

/M
osravens

join:2011-01-26
Cumberland, MD

Re: Tablets

Right. I actually have a brain unlike the lemmings.
elray

join:2000-12-16
Santa Monica, CA
Reviews:
·Time Warner Cable
·EarthLink
said by osravens:

I'm a computer person. I don't want some company defining my experience.

You're in the minority. Most people want an appliance.

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
said by osravens:

I'm a computer person. I don't want some company defining my experience.

I've been a "computer person" for the past 20 years and work in the IT field. I love my iPad, it is a fun toy, and it becomes a nice productivity tool in a pinch. Will it replace my laptop for real work, no. But for fun stuff, it works quite well.
said by osravens:

I no longer even own a laptop due to the replacement issues of hardware.

This country just continues to get dumber and dumber. There's nothing cheap about the latest iTrash. It costs more than the last desktop I bought.

I think we can see the problem... every sub-$500 laptop is garbage and will inevitably fall apart under daily use. A laptop with some durability will set you back at least $1000 or more. You get what you pay for.

With that premise, $500 for an iPad, with the comparison to a "crippled laptop" in place, is an ideal price.
--
Romney/Ryan 2012 - Put a couple of mature adults in charge.
osravens

join:2011-01-26
Cumberland, MD

Re: Tablets

My last laptop was almost $2000.

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD

Re: Tablets

said by osravens:

My last laptop was almost $2000.

Ouch.

If it was me I'd have hoped I'd have paid for that with the credit card and gotten the "free" extended warranty benefits.
--
Romney/Ryan 2012 - Put a couple of mature adults in charge.
osravens

join:2011-01-26
Cumberland, MD

Re: Tablets

I did. It decided to meltdown 2 weeks or so after the extended warranty expired in 2010. Vowed at that point to never buy another laptop again, it was a higher-end HP with a 17" widescreen. Dedicated graphics was the problem there, the nVidia card overheated and took the motherboard with it.

I prefer desktops because I have access to all the parts, and can easily get to whatever I need and can move parts in and out as technology changes.

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD

Re: Tablets

said by osravens:

I prefer desktops because I have access to all the parts, and can easily get to whatever I need and can move parts in and out as technology changes.

Makes sense... And the best part is at least those are cheap enough to be disposable.
--
Romney/Ryan 2012 - Put a couple of mature adults in charge.
osravens

join:2011-01-26
Cumberland, MD

1 recommendation

Re: Tablets

Exactly. It doesn't cost much to build a computer these days if you know what you're doing.

Until I see what this Ceton Q costs, I'm waiting to build an HTPC. I know I can build an HTPC pretty cheap, it will be a fun project, and I hate cable boxes.

acadiel
Press fire to begin
Premium
join:2002-06-22
61705
kudos:2
said by osravens:

I did. It decided to meltdown 2 weeks or so after the extended warranty expired in 2010. Vowed at that point to never buy another laptop again, it was a higher-end HP with a 17" widescreen. Dedicated graphics was the problem there, the nVidia card overheated and took the motherboard with it.

I prefer desktops because I have access to all the parts, and can easily get to whatever I need and can move parts in and out as technology changes.

Did you try getting the graphics chip reflowed to see if it would fix it? I had a dv4-1155se with bad graphics, and had a guy reflow the graphics chip and it brought the system back to life. It was a 2008 model.

88615298
Premium
join:2004-07-28
West Tenness
Click for full size
said by osravens:

I'm a computer person. I don't want some company defining my experience.

I no longer even own a laptop due to the replacement issues of hardware.

This country just continues to get dumber and dumber. There's nothing cheap about the latest iTrash. It costs more than the last desktop I bought.

Well I guess you can do like this guy
Skippy25

join:2000-09-13
Hazelwood, MO

Waiting.....

I would love to see them do this with phones too. Stop "subsidizing" them and sell them outright.

If they want to finance them through Verizon or whomever so be it.
ssavoy
Premium
join:2007-08-16
Dallas, PA
Reviews:
·Anveo

Re: Waiting.....

At that point, device sales should go back into the hands of manufacturers and networks should become more open. I'd also expect to see some discounts on my bill (similar to T-Mobile value plans).

But cost reductions and open networks? Can't have that.

FFH
Premium
join:2002-03-03
Tavistock NJ
kudos:5

Just another way for suckers to be parted from their money

Buying a tablet on credit. Just another way for idiot consumers to be parted from their money to get things they can't afford.
--
»www.gop.com/2012-republican-platform_home/
»www.gop.com/2012-republican-plat···onalism/
Telco

join:2008-12-19
Reviews:
·Callcentric

Re: Just another way for suckers to be parted from their money

said by FFH:

Buying a tablet on credit. Just another way for idiot consumers to be parted from their money to get things they can't afford.

Have you seen the median American salaries.. so what do you expect. It's amazing how RWers hate the minimum wage, being paid a livable salary and so forth, then mock people being forced to buy things on credit.

Evidently, you seriously prefer 3rd world countries, where the 1% (i.e. "job creators") amass all of the wealth. In reality, it's a strong Middle Class that are the 'real' job creators, socioeconomics found in every single developed country.

Unlike Republicans, nobody in any advanced economy deems only being able to pay for basics like food and rent as a good thing.

••••

88615298
Premium
join:2004-07-28
West Tenness

1 recommendation

ALL financing charges extra fees

Get ANY kind of financing and you'll be charged fees. Why bash just Verizon for this?

Bill Neilson
Premium
join:2009-07-08
Arlington, VA

That deal sounds Amazing!

So, we have to pay a good chunk to get the tablet + a $30 fee + another $30 or so fee + another fee + another fee + another fee starting in 4 months (which benefits the customer per Verizon)?

Thats it? Sign me up!

88615298
Premium
join:2004-07-28
West Tenness

Re: That deal sounds Amazing!

So when you get a car loan or a home loan they don't charge fees?

Bill Neilson
Premium
join:2009-07-08
Arlington, VA

Re: That deal sounds Amazing!

said by 88615298:

So when you get a car loan or a home loan they don't charge fees?

What does a car loan have to do with buying a tablet?

Your comparison is about as broad as could be....you know, both are products on earth! Amazing!

mrherzog

join:2001-05-06
Calgary, AB
Reviews:
·TELUS

Faster

I've had the wifi only PlayBook (and iPad 3G) and now that I have an LTE PlayBook, I won't ever go back to a wifi or bridged only version.

The ability and convenience of a radio enabled tablet vs the wifi required (or tethered and or bridged) makes it all that much more effective whilst out and about.

I certainly don't miss draining 2 batteries being connected.
No bluetooth connection to worry about, just the radio use.

Don't get me wrong, bridging (tethering for non BB peeps) is great, but not being tied to my Bold is even better. The freedom of my LTE equipped PlayBook is just to good to ever go back to being wifi/bridge dependant.

Steve Mehs
Gun Control Is Using A Steady Hand
Premium
join:2005-07-16
kudos:1

Re: Faster

I totally agree! I have two tablets, the HTC Evo View which is a 3G/4G Wimax tablet on Sprint and just got the wifi only Sony Xperia S Tablet. The Xperia S is a much better tablet and I like it a lot better, but it sucks having to be connected to wifi in order to use internet based functions. Contrary to what people like to spout out, free unencrypted wifi does not cover the entire planet.
I do not want to tether my phone to my tablet. I’m not a fan of wifi, unless it’s absolutely necessary, and I do not like the idea of sharing out the data from my cell phone to another device via wifi that will cause the other device to be slower than if it had it’s own native data connection. I have absolutely no problem whatsoever paying an extra monthly fee for dedicated data on a tablet.
As much as I love Sprint, they’re data network has just became atrocious over the past few years and they have not even mentioned a single market in Upstate NY yet to get upgraded to LTE. I’m highly considering a switch to Verizon Wireless, even though I absolutely cannot stand them. The Droid Razr HD Maxx has my name written all over it, what I’m primarily waiting for is an announcement from Motorola and VZW about a successor to the Droid Xyboard tablet.
--
For the future of our nation, we must unite and vote out the terrorist known as Hussein Obama. Come November 6 2012 we must remove the socialist pig out of office and get our country back on the RIGHT track.

IowaCowboy
Iowa native
Premium
join:2010-10-16
Springfield, MA
Reviews:
·Verizon Broadban..
·Comcast

2 edits

I broke down the payments on my new iPad

When I bought my new iPad, I could not afford to buy the device in one payment so I traded my old iPad at the Verizon store and got a store credit, paid part of the cost and put the rest on my Verizon bill which came the following month.

It only costs me $10 per month to have data on my iPad as its on my ShareEverything plan.

I may be able to buy the iPad mini depending on cost (and add it to my ShareEverything plan). I will get the iPhone 5 when I am eligible for an upgrade on Verizon.
JoeSchmoe007
Premium
join:2003-01-19
Brooklyn, NY

"as low as $31.67 per month"???

Am I the only one who thinks it doesn't make sense? Why is effective APR is never mentioned? If it is 20-30% then it is not exactly low.

Diva

@sprintlink.net

Re: "as low as $31.67 per month"???

Well the $31.67/month isn't the finance charge. Its the monthly payment including the cost of a $349.99 tablet + $30 financing charge divided by 12 ($379.99 / 12 = $31.67)