Can you buy 5C on contract then cancel and pay ETF?

Discussion in 'iPhone' started by Appl3FTW, Dec 13, 2013.

  1. Appl3FTW macrumors 601

    Appl3FTW

    Joined:
    Nov 15, 2012
    #1
    Walmart is having a sale for $27... can we get one by opening a new account and just pay for the ETF?

    is this possible?
     
  2. maflynn Moderator

    maflynn

    Staff Member

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    Location:
    Boston
    #2
    I believe you may be required to return the phone if you cancel the account within 30 days.

    I think generally you need to pay one month, then cancel the account (and pay the ETF)
     
  3. 617aircav Suspended

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    Jul 2, 2012
    #3
    yep
     
  4. JackieInCo macrumors 601

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    Colorado
    #4
    Correct and if you don't return the phone, the carrier will bill you the full price of the phone, the ETF and the charges you owed for the month you used the phone.
     
  5. Lucille Carter macrumors 65816

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    #5
    Would the above be cheaper than just buying the phone outright?
     
  6. maflynn Moderator

    maflynn

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    #6
    They've been imposing such tactics to prevent profiteering, so yeah it may be cheaper to buy it outright in most cases. I didn't run the numbers in iPhone 5c being 27 dollar case though
     
  7. JackieInCo macrumors 601

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    #7
    Full price for the phone + ETF + one month of cellular billing? You seriously have no idea?
     
  8. richardbb85 macrumors 6502a

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    Dec 9, 2009
    #8
    u can't really find a way to take advantage of cell companies, you aren't the first and probably not the last.
     
  9. maflynn Moderator

    maflynn

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    #9
    If you buy the phone at full price you have no ETF since you're not buying it on contract.
     
  10. Lucille Carter macrumors 65816

    Joined:
    Jul 3, 2013
    #10
    Thanks for your informative answer!

    Have a great weekend and Holiday!

    ----------

    No doubt. All that "fine print" pretty well covers them and then some.
     
  11. JackieInCo macrumors 601

    Joined:
    Jul 18, 2013
    Location:
    Colorado
    #11
    You too.

    Also, the ETF would be I believe $350 minus one month so I think that would make it $340.

    Just buy the phone if you don't want a contract.
     
  12. richardbb85 macrumors 6502a

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    Dec 9, 2009
    #12
    pretty pricy for the 5c if u ask me, lol
     
  13. I7guy macrumors G5

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    What Exit?/Saguaro Country
    #13
    Right to prevent exactly what the op is suggesting. The carriers want to make sure the cost of breaking the contract is more than the phone is worth.
     
  14. frank33v macrumors member

    Joined:
    Feb 12, 2011
    #14
    $27 device
    $340 ETF
    $115 30 days service
    ($100 month + $15 estimated taxes/fees )
    --------------------
    $482 Total


    VERSUS

    $550 Device
    $45 Straight Talk
    ----------------------------
    $595

    So a savings of $112...taxes for the device are not figured because they could be a wash depending on if your state charges tax on $27 or the full value of the device. And I am unsure if there is an activation charge on the post paid carrier to activate the new device.

    For some people the aggravation is worth $100. Am I missing something ?
     
  15. Bear macrumors G3

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    Sol III - Terra
    #15
    The carrier will also probably charge for the phone.
     
  16. JackieInCo macrumors 601

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    Colorado
    #16
    Factor in the full cost of the phone which won't be $27.
     
  17. frank33v macrumors member

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    Feb 12, 2011
    #17
    Why is that if you keep the service for 30 days ? I thought if you cancelled prior to 30 days you paid the full price of the phone or returned it.
     
  18. nox5 macrumors 6502

    Joined:
    Oct 16, 2013
    #18
    You don't pay full price of the phone when you pay etf. I experienced many sales people tell me that because they either did not know or the tried to scare me and prevent cancelation. I never was charged full price when paying etf. Besides evrything is in your terms and conditions of your contract.
     
  19. Truefan31 macrumors 68040

    Truefan31

    Joined:
    Aug 25, 2012
    #19
    They do not charge full price AND the etf. The etf is there to cover the phone. Pay 27 for 5c, cancel next day or after 14 days, pay etf and 1st months bill. Done
     
  20. Appl3FTW thread starter macrumors 601

    Appl3FTW

    Joined:
    Nov 15, 2012
    #20
    Thanks Maflynn, but isn't the ETF all you need to cancel? can you not cancel the phone the next day and just pay for ETF?

    see that's what i was thinking.

    so basically
    27 (5c)
    350 (ETF)
    75 (on average 1st month)
    ----
    $452 price of the 16gb 5C

    VS

    549+tax= $581.94 out the box

    so you're saving $130 in the course of 1 month (granted you are obligated to own the phone for a month, if not better).

    am i missing something here?

    ----------

    shade :cool:

    5c is a great device IMO. feels great to the hand, feels premium, i would rock it.
     
  21. I7guy macrumors G5

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    What Exit?/Saguaro Country
    #21
    If the phone is verizon, they may not unlock it or release the phone. May be difficult to sell? (Asking a question)
     
  22. corvus32 macrumors 6502a

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    Sep 4, 2009
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    USA
    #22
    You may need to factor in the activation fee (~$30) they like to tack on.
     
  23. SchuettS macrumors 6502

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    Dec 4, 2008
    #23
    Verizon's come factory unlocked.
     
  24. corvus32 macrumors 6502a

    Joined:
    Sep 4, 2009
    Location:
    USA
    #24
    If it's an iPhone 5 or newer, the SIM Card slot is factory unlocked as per the FCC.

    It has to with some agreement made when Verizon purchased their LTE spectrum.

    As for unlocking the CDMA portion, I'm not sure but so few networks outside the US and Japan are CDMA that I doubt most people in the world would care.
     
  25. SchuettS, Dec 21, 2013
    Last edited: Dec 21, 2013

    SchuettS macrumors 6502

    Joined:
    Dec 4, 2008
    #25
    You can when walmart, bestbuy or whoever puts these phones on sale. Usually you will only save the different between the sale price and regular vs. paying full price.

    I got a question. Say I went into walmart to get a 5s would they be able to add the phone to my share everything plan so I would only have to pay $40 for that month then cancel?

    $40 additional share everything device
    $137 for phone w tax
    $340 etf
    $30 activation fee
    = $547 for a brand new verizon 5s

    Thoughts or comments?
     

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