I want to upgrade iPhone 4 to 4S. Would this maneuver work?
Ok, I have a verizon iPhone 4, which I bought about a month after it came out. I'd like to upgrade it to iPhone 4S. Don't ask why, I just do.
Obviously, I am not eligible for the $200 iPhone 4S, so one way to get it is to pay the full retail price of $650 + $65 tax = $715 I believe. However, wouldn't it be cheaper to maneuver around a termination fee instead?
Here's what I'm thinking:
(1) Port my current number to Google voice. That way I get to retain it. Cost = $20
(2) At this point, Verizon will slap me with an ETF. Cost = $350
(3) Buy a new iPhone 4S with Verizon and port the number from Google voice. Cost = $200 + $20 tax = $220
(4) Activation fee = $35
(5) Sell old iPhone 4 in excellent condition. The going price seems to be about $300
This comes out to $20 + $350 + $35 + $220 = $625
$625 - $300 = $325 when all is said and done.
Now, obviously I could have just sold the old iPhone for $300 and bought the new one for $715, but that equates to $415, which is quite a bit more than $325.
Is my math correct?
Before anybody asks, I already verified several things:
(1) Everything is 100% legit. No scams or BS. Breaking a contract is part of the process. That's what contracts are for.
(2) There was a rumor floating around that Verizon won't let you create an account for 60 days after terminating a contract. This is 100% false. As long as the termination fee was paid, you can create a new account instantly.
P.S. In the example above, I assume the ETF is $350. However, I read somewhere that it would be less after months into the contract. Is this true?
- 10-26-2011, 01:43 PM #2
I dont see anything wrong with you breaking contract. To me, it doesn't seem like a terrible idea, but keep in mind that you will be stuck in another 2 year contract when the next iphone drops.
The only thing I think you are missing is that the early termination fee is reduced by $10 a month, so you could actually take $70 or so bucks off of your calculation. You also need to remember that if you were grandfathered in on an unlimited plan, you will no longer have that. Being a "new" customer, you will have to go with a tiered data plan.
Just my .02
You're correct about me being stuck in another 2 year contract, but assuming pricing of iPhones stays the same, I can get a new one every year for roughly $50 more than what a new customer pays (assuming I can take $50-70 off the $350 ETF every year).
And like you said, losing unlimited data sucks. However, looking at my VW account, I find that I never use more than 200 MB anyway.
- 10-26-2011, 01:48 PM #4
The only thing limiting me from creating a new contract literally 'minutes' after is the fact that porting your number to google voice takes about 2 days. At the end of the day, Verizon STILL made money on me in the process.
- 10-26-2011, 01:54 PM #6
- 10-26-2011, 01:56 PM #7
If the ETF is paid, I dont see anything wrong with it. That would be fulfilling the agreement. Just my opinion. But what about just adding a line and then paying EFT on that line a day or 2 after? Then no need to pay porting fees. Seems easier.
$220 for the iPhone 4S
$35 activation fee
$350 (full) termination fee
This equates to $605 - $300 (for my old phone) = roughly $305. HOWEVER, I now lost my number, which I want to desperately retain in the process. Unless of course VW allows you to port a number from one Verizon account to another, which I doubt they do.
- 10-26-2011, 02:05 PM #9
- 10-26-2011, 02:06 PM #10
- 10-26-2011, 02:17 PM #11
- 10-26-2011, 02:41 PM #13
Better way to do it: Just add a line to your account, get the 4S on it... then, swap the 4S to your present line... and get a junker dumb phone to put on the added line, and toss it in a drawer... never have to use it... then sell the 4... that will cover the cost of the added line.
- 10-26-2011, 02:51 PM #15
- 10-26-2011, 02:53 PM #16
- 10-26-2011, 03:06 PM #17
-Purchase IP4s by adding a second line to your account.
-When you receive the Iphone 4s, CALL verizon, tell them you'd like to transfer your Iphone 4s to the line that your Iphone 4 is on, They will do this.
-Next, call verizon back, possibly a day or two after, and cancel the second line that your Iphone 4 is now on. With that being done, you can now sell the phone and use the $300 to pay the ETF. And hopefully with verizon you'll have had $70 cut off the EFT.
Does that make sense? I've done it on Verizon, and actually just did it on sprint, but decided to keep the second line. It works, and is really not a huge hassle if you have the ability to pay the ETF then sell the phone.
Good luck, hope that helps.
- 10-26-2011, 03:28 PM #19
- 10-26-2011, 03:57 PM #20
Add a line but the 4S $220 plus activation $35 switch it to your line. Cancel second line $350. Total $605. Sell your iPhone $300. Total $305. Less money and less headache then your way, and you get to keep unlimited data. That's what I would/have done.
Or you can pay the $10/mo which over 24 months is only $240 instead of $350. Have done this as well. To get the iPhone 4.
I am here: http://maps.google.com/maps?ll=42.794814,-73.917942
- 10-26-2011, 04:12 PM #21
- 10-26-2011, 05:55 PM #22
- 10-26-2011, 07:19 PM #24
- 10-26-2011, 07:27 PM #25