Can i sell the verizon iphone?

Discussion in 'iPhone' started by bholaladka, Sep 25, 2012.

  1. bholaladka macrumors regular

    Joined:
    Jun 24, 2010
    #1
    So, I got verizon iphone 5 on 9/21 and I don't want it. Can I sell it? Or, do I have to return it to Verizon? What will verizon charge me?
     
  2. GoCubsGo macrumors Nehalem

    GoCubsGo

    Joined:
    Feb 19, 2005
    #2
    You can sell it if you wish. You'll still be locked in a contract.
     
  3. bholaladka thread starter macrumors regular

    Joined:
    Jun 24, 2010
    #3

    No, I won't. verizon allows to cancel within 14 days. I am switching over to AT&T.

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    What are iphone 5 16gb verizon going for? :D
     
  4. phinsup macrumors 6502

    phinsup

    Joined:
    Sep 19, 2008
    Location:
    SE Florida
    #4
    You can return the phone and cancel the 2 year agreement within 14 days, you can sell the phone and pay the etf or you can sell the phone and keep service for two years.

    Verizon paid $350 toward your phone, one way or the other they are going to recover that money.
     
  5. bholaladka thread starter macrumors regular

    Joined:
    Jun 24, 2010
    #5
    Perfect. That's what I was wondering. So $350 is what they want. That'd be fine if this phone is selling for $850 in the market right now?! :D
     
  6. bmik33 macrumors member

    Joined:
    Sep 17, 2012
    #6
    If I were to sell/return my phone. I'm pretty sure I couldn't get my unlimited data back right?
     
  7. bholaladka thread starter macrumors regular

    Joined:
    Jun 24, 2010
    #7
    What do you guys recommend? Should I try to sell it for more or just return it? ;) I just cancelled the service and ported my number to AT&T.



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    If they have already changed your plans, then no. If you have another line with unlimited plan, yes.
     
  8. aneftp macrumors 68040

    Joined:
    Jul 28, 2007
    #8
    Return the phone. Too much hassle and risk trying to make a $100-200 profit. Your cost basis is $199 or ($299/399) plus $30 upgrade fee plus taxes plus $350 ETF. So you are talking around $600 for base 16Gb iPhone 5.

    If you sell it. Domestically doubt anyone will pay more than $650 for Verizon 16gb iPhone 5. Cause they can just order it for $650 full price themselves plus taxes plus have built in credit card protection warranty.

    Now if you want to risk eBay and ship internationally. You could make a $200 profit. But remember eBay/PayPal amd shipping fees international. This also can erode your profit margin.
     
  9. aajeevlin macrumors 6502a

    Joined:
    Mar 25, 2010
    #9
    Yea, I don't think it's worth the 100-200 dollar profit either.
     
  10. Applejuiced macrumors Westmere

    Applejuiced

    Joined:
    Apr 16, 2008
    Location:
    At the iPhone hacks section.
    #10
    That's the logical approach.
    Anyone in the US can get one for $650 plus tax. You want to sell it for $850 on ebay you can risk taking a loss with a scam or getting lost or stolen in the mail, then the ebay and paypal charges will eat big into your $150-200 profit margin etc..
    If you have the time and the patience go for it.
     
  11. bholaladka thread starter macrumors regular

    Joined:
    Jun 24, 2010
  12. GoCubsGo macrumors Nehalem

    GoCubsGo

    Joined:
    Feb 19, 2005
    #12
    Then do that. Clearly you know the answer so why start a thread?
     

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