Buying a New Smartphone! Suggestions?

So I'm about to get a new phone. I really want to get the OnePlus 3T, but rumors are that the OnePlus 4 is coming out soon with Snapdragon 835 and a bunch of cool features.

First, should I wait for it? On TechRadar they said it would be reduced to 5.3 inches, which I really don't want, since I love big displays. Do you think that leak is true?

Or should I just get the OnePlus 3T?

If you guys have any other suggestions on phones under 500 please let me know.

Second, if I wait, I want to get an ultra cheap phone under 250 dollars to last me for a few months before the OnePlus 4 comes out.

Once again, I really like big displays. The processor should be decently fast, and at least decent pictures. Deals under 200 would be even better.

Any ideas? I really like the Huawei Honor 5X, as well as Nextbit Robin (even though it's small). Moto G4 looks awesome but too many options on size, storage, etc. Also kind of expensive.

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