AT&T announced a new program for its customers called AT&T Next that allows you to upgrade your smartphone or tablet every year. You have the choice after 12 monthly payments to trade it in for a new device or choose to keep it, and after 20 months, there are no more installment payments. No down payment, activation, upgrade, or financing fees are required.
Here are some important q&a on this program from AT&T.
Do I own the device? Or is this a leasing offer?
The device is yours and you’re responsible for 20 monthly payments. You’re also responsible for any loss, theft, or damage to the device — both during the installment agreement period and after. We recommend you purchase the optional Mobile Insurance to protect your investment.
How do I get a new device every year with the program?
After your twelfth (12) installment payment, but before your twentieth (20) installment payment, if your wireless account is in good standing you may trade in the device. The device must be fully functional and in good physical condition. Select a new smartphone or tablet and a new 20-month agreement will start.
When I trade in my device after 12 months and get a new one, what is the length of my new installment plan?
When you trade in your device, no further installments are billed for the original device. You will start over with a new 20-month installment plan on your new device.
What if I don’t want to trade in my device after 12 months and I want to keep it?
You have the choice to either trade your phone in or keep your phone. If you keep it, after 20 months, it’s yours and no more installment payments are required.