Canceling iPhone 4 Contract

Discussion in 'iPhone Tips, Help and Troubleshooting' started by h0ttballer, May 8, 2011.

  1. h0ttballer macrumors member

    Feb 15, 2010
    Okay, so like the couple million other people out there, I want to cancel my iPhone 4 contract in time for the release of the iPhone "5".

    I was wondering if this would work... I cancel my iPhone 4 contract for the $325 early termination fee. And I don't get this part... "Minus $10 for each full month of your Service Commitment that you complete". Does that mean they charge me an extra $10 for each incomplete month?

    So, correct me if I am wrong, I can cancel my contract then get the "extra" fees added on. After canceling my contract, I can then sell my iPhone 4 for a good $300-500 price range. And keep in mind, this is all BEFORE the release of the iPhone 5 to keep the value at a higher level.

    I'm assuming this is all legal, do many people think of doing this?

    Thanks guys!
  2. h0ttballer thread starter macrumors member

    Feb 15, 2010
    An edit.

    So ATT will deduct $10 for every month I have used. So if I have used 7 months, they will deduct $70 from the original $325 fee.

    so 325-70=$255 to cancel my contract... Seems pretty good because I can resell my iPhone 4 for at LEAST $255.

    After that process I can simply buy the iphone 5!

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