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Old 01-29-2016, 12:40 AM
 
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When I first heard of Project Fi, which required a Nexus 6. I would never consider it under "frugal living". But they have improved the initial offering.

Our one simple plan starts with the Fi Basics for $20/month. It includes unlimited domestic talk and text, unlimited international texts, Wi-Fi tethering to use your phone as a hotspot, and access cellular coverage in 120+ countries.

The tethering, and unlimited international texts is a lot to get for $20 a month. Verizon Prepaid is $30 a month for just domestic talk and text.

But what about the expensive phone? Good news is there is now five options for the phone, and you can pay for the phone in 24 NO INTEREST payments.

Device Buy today + applicable taxes Pay over 24 months + applicable taxes
Nexus 5X - 16GB $379 $15.79/month for 24 months
Nexus 5X - 32GB $429 $17.88/month for 24 months
Nexus 6P - 32 GB $499 $20.79/month for 24 months
Nexus 6P - 64 GB $549 $22.88/month for 24 months
Nexus 6P - 128GB $649 $27.04/month for 24 months

Anyway, if you use the phone with small amounts of data for two years while you pay for the phone, you may have an excellent investment for the future.
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Old 01-31-2016, 12:08 AM
 
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Project FI is a no-brainer as long as:

1. You get reception (not a problem for 99% of the U.S. population)
2. You're okay with one of the few phone options.
3. You don't use a lot of data.
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Old 01-31-2016, 12:59 AM
 
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It's gotta be one of those "on approved credit" deals. While I'm currently uninterested in purchasing a smartphone, having to pay the entire cost upfront is a huge turnoff, so if i actively wanted a smartphone, paying $499 in a lump sum would be a dealbreaker for me.
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Old 01-31-2016, 01:29 AM
 
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Quote:
Originally Posted by freemkt View Post
It's gotta be one of those "on approved credit" deals. While I'm currently uninterested in purchasing a smartphone, having to pay the entire cost upfront is a huge turnoff, so if i actively wanted a smartphone, paying $499 in a lump sum would be a dealbreaker for me.
Any type of financing requires a credit check (with the exception of student loans, unfortunately).

The cheapest phone that works on Project Fi is $350.
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Old 01-31-2016, 03:56 AM
 
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Quote:
Originally Posted by NJBest View Post
Any type of financing requires a credit check (with the exception of student loans, unfortunately).

The cheapest phone that works on Project Fi is $350.

In that case, I shall call it Project Fie.
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Old 01-31-2016, 02:23 PM
 
24,511 posts, read 34,205,156 times
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Quote:
Originally Posted by freemkt View Post
In that case, I shall call it Project Fie.
Simply because they want to do a credit check for financing? I would hope they would. It's a great offer for those who meet the criteria I mentioned above.
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Old 01-31-2016, 04:11 PM
 
Location: Vallejo
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As long as you don't need much data, anyway.

Compared with T-Mobile it's $10/mo less for 2GB, $15/mo more for 6GB, $40/mo more for 10GB. Given the limited phones, it's really only a deal if you're using very little data.
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Old 01-31-2016, 06:22 PM
 
12,404 posts, read 9,240,473 times
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I would pay cash for the phone. The financing is more trouble than it's worth, I mean, who LIKES paying bills? The opportunity cost on $500 is not that big. Not worth my time paying bills.

Only exception would be if I thought I'd be applying for a big loan soon and need some installment account on my credit.
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Old 02-01-2016, 05:07 PM
 
6,179 posts, read 3,275,904 times
Reputation: 12540
Quote:
Originally Posted by PacoMartin View Post
When I first heard of Project Fi, which required a Nexus 6. I would never consider it under "frugal living". But they have improved the initial offering.

Our one simple plan starts with the Fi Basics for $20/month. It includes unlimited domestic talk and text, unlimited international texts, Wi-Fi tethering to use your phone as a hotspot, and access cellular coverage in 120+ countries.

The tethering, and unlimited international texts is a lot to get for $20 a month. Verizon Prepaid is $30 a month for just domestic talk and text.

But what about the expensive phone? Good news is there is now five options for the phone, and you can pay for the phone in 24 NO INTEREST payments.

Device Buy today + applicable taxes Pay over 24 months + applicable taxes
Nexus 5X - 16GB $379 $15.79/month for 24 months
Nexus 5X - 32GB $429 $17.88/month for 24 months
Nexus 6P - 32 GB $499 $20.79/month for 24 months
Nexus 6P - 64 GB $549 $22.88/month for 24 months
Nexus 6P - 128GB $649 $27.04/month for 24 months

Anyway, if you use the phone with small amounts of data for two years while you pay for the phone, you may have an excellent investment for the future.
No way, for me. Too expensive. I'll stick with my TracFone.
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Old 02-01-2016, 05:45 PM
 
9,099 posts, read 9,274,654 times
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Quote:
Originally Posted by PacoMartin View Post
When I first heard of Project Fi, which required a Nexus 6. I would never consider it under "frugal living". But they have improved the initial offering.
I thought that was a pretty soft sell. I realize that it is not the cheapest plan out there, but I completely dismissed it at first because of the $650 buy in on the phone. Now that the buy in is down to $375 with the option of a two year interest free payment schedule, it might appeal to some people to have unlimited talk and text around the world for $20 a month. But obviously you still are willing to spend money for the equipment,

If you have or can purchase a cheap Sprint/Boost phone the "Michelangelo" plan on Ring Plus has to be the absolute cheapest way to stay in touch. For a mere one time fee of $10 and a credit card you get 1000 minutes of pretty bad sounding talk, 1000 texts, and 500 MB of data per month.
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