catdogmouse said: sillar68 said: jkamra2 said: I want to get an iphone 5 off contract. It looks better to sign up for this deal (total in cart after tax is $211.26) and cancel and pay the EFT (EFT of $325 plus half a month of the $60 monthly service for $30) for a total of about $566.26. Buying straight from the Apple Store off contract, the total after tax is $704.17.
Am I missing something here, or is that the better way to get the iphone 5 off contract? This does not include the 5000 Reward Zone points or the 1.5% Fat Wallet Cash Back, which either or both would make this even better.
Help me Obi-Wan.....
If you cancel BEFORE the 14 day return policy, Verizon requires you to return the phone or pay the full price of the phone without activation = $699+tax. If you cancel AFTER 14 days the ETF is $350 for smart phones and you'll be billed for the ENTIRE month (they won't prorate), plus monthly taxes, plus the activation fee of $35.
Link for Verizon Return/Cancellation Policy
The cheapest monthly voice/text/300mb of data = $80 + taxes, So I think your cost will look more like this:
$159.36 (phone+tax) + $89.50 (1 month of service+est.monthly taxes) + $35 (activation fee) + $350 (ETF)= $633.86
Of course, my math doesn't include the Reward zone points/$100 deal mentioned above.
You link to the policy, yet it doesn't say what you imply it says. I do not see where it says you would be have to pay the full price of the phone if you cancel before 14 days. You also say they don't prorate, yet here is the actual quote from their return page:
"Return and Service Termination
You may terminate service for any reason within 14 days of activation. If you purchased a wireless device at a promotional price at the time of activation, you must return it within the device return period to avoid being assessed an Early Termination Fee of $175, or $350 if you purchased an Advanced Device. You will remain responsible for your Activation Fee unless you terminate service within three days of activation. You will also be responsible for all applicable usage fees, prorated access charges, taxes, surcharges or other charges that accrued to your account through the termination date. If you paid a security deposit, it may take between 30 and 60 days to process the return of your security deposit. The charges for any service used on the account before the service termination date may be applied against your security deposit.
If you cancel your service after the 14–day period, but prior to the expiration of your minimum term, you will be responsible for all of the above–mentioned charges, including an Early Termination Fee.
If you return your merchandise, even by mistake, after the return period, you will not receive a refund and the merchandise you returned will not be returned to you."
I added the bold for emphasis. It says you must return the phone to avoid paying the 350 ETF. If you don't return it, you pay the $350. You get the activation fee back and they will prorate you for the month. If I buy it and cancel in the same day it should be 1/30 the cost of the monthly plan I assume?? From this, it seems to be cheaper for me to buy a 64gb iphone 5 from Verizon for $399 and cancel versus paying $850 for it off contract through Apple.
$399 ($350 from BB in this promo) + $350 ETF + $(1/30) monthly charge (should be 20 bucks at most)= $769 ($720 with BB promotion)+ taxes. It is $850 plus tax from Verizon or Apple without subsidy/2 year contract.
Am I missing something? Seems like I should do this.
Edit: The reason I want this off contract is to keep my unlimited data on my grandfathered Verizon plan through my parents' family plan. Any easier way to do this?
How did this work out for you? Did you get the phone for the price you detailed after cancelling within 1 day of activation?