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?
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?