I'm thinking of doing this and I want to know if there are any issues that I might not be aware of... Can you keep the phone after??
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Has anyone ever created a verizon contract to buy a phone and cancelled immediately
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I've known people who have, and in the end, it really saves them nothing, versus paying retail.
Activation fee, first month of service, and ETF. Think the one friend who did it ended up paying around 500 bucks in the end for that "one month" of service, not to mention the cost of the phone (199 I believe, though I don't even recall what phone he got).
So the plan may sound good, but in the end, cost wise, it won't be. They generally don't pro-rate the bill for the month of service either, so like I said you'd be stuck with activation, etc, and first month, plus taxes.
Activation fee, first month of service, and ETF. Think the one friend who did it ended up paying around 500 bucks in the end for that "one month" of service, not to mention the cost of the phone (199 I believe, though I don't even recall what phone he got).
So the plan may sound good, but in the end, cost wise, it won't be. They generally don't pro-rate the bill for the month of service either, so like I said you'd be stuck with activation, etc, and first month, plus taxes.
Well its the only way i can get a gold iphone, unlocked. So if you're telling me that it will cost me more than retail thats one thing but if it's the same....
Subsidize > $ 199.00 > ETF $ 350.00 > Activation fee $ 35.00 > Total $ 584.00 not including any taxes for your State. First month usage, yes, but keep it close to end of 1st month, cancel, and go with someone else perhaps guys ? Than you are about $ 625.00 grand total with 7% tax at least here in Florida parts.
If you don't want to go with another carrier and stay with same, they don't let you keep the same phone number I do believe
Purchase un-subsidize $ 650.00 + Tax (7% Florida ) $695.00
Or am I missing a step or two ?
If you don't want to go with another carrier and stay with same, they don't let you keep the same phone number I do believe
Purchase un-subsidize $ 650.00 + Tax (7% Florida ) $695.00
Or am I missing a step or two ?
Not an issue unless you already have a poor rating and plan to apply for other credit soon. Maybe don't do it if yuu're marginal and about to buy a house or car, but otherwise a single pull isn't going to have a substantive effect.
http://www.myfico.com/crediteducation/creditchecks.aspx
I thought some carriers had a policy that if you cancelled within the first 6-months(or something like that) you had to return the device OR pay full price for the phone? Maybe that was AT&T and not Verizon.
With AT&T if you cancel in the 14 day return period you have to return the phone or pay full price. After that you can keep the phone and pay ETF (plus service).
No idea about Sprint but easy enough to google up their policy.
T-Mobile of course is pretty simple; your phone is financed and you have to pay it off to keep it.
Probably be worth reading http://www.verizonwireless.com/b2c/support/customer-agreement
I did this exact thing to buy my Verizon iPhone 5S 64gb but not really to save money but to port a VoIP # out from Sipgate (shutting down service) in order to port to Google Voice. I know it's a long process but this was the way I had to do it. I was lucky enough to find one at an Apple store nearby. They handled the port perfectly in-store plus I had a broken iPhone 4 I traded in for $48.
Ended up paying $466.92 at the store (in CA they charge tax on the unsubsidized price) plus $400.27 on my first bill including the $350 ETF. I ported out the number within 3 days of activation and they let me keep the phone. Also, I didn't pay any activation fee because Verizon was having a promotion that weekend. In the end saved $50. If you have to pay activation, it's not worth it unless you have a situation like mine.
Oh and since the Verizon phone comes unlocked I'm using it with Straight Talk $45 plan lol.
Ended up paying $466.92 at the store (in CA they charge tax on the unsubsidized price) plus $400.27 on my first bill including the $350 ETF. I ported out the number within 3 days of activation and they let me keep the phone. Also, I didn't pay any activation fee because Verizon was having a promotion that weekend. In the end saved $50. If you have to pay activation, it's not worth it unless you have a situation like mine.
Oh and since the Verizon phone comes unlocked I'm using it with Straight Talk $45 plan lol.
I did the same today.
Gold 64GB Verizon 5s
$434.41 $399 down plus tax
Billed to me:
$36 Activation Fee
$9 1 Day of Service Fee
$350 Early Termination Fee
Total: $829.41
I'm not sure yet if tax is added to the early termination bill but it looks like the cost was less than buying a device only AT&T or T-Mobile iPhone 5s.
T-Mobile iPhone 5 with tax:
Total: $924.35
Total: -$829.41
Saved: $94.94 (Or something close to that depending on taxes.)
Gold 64GB Verizon 5s
$434.41 $399 down plus tax
Billed to me:
$36 Activation Fee
$9 1 Day of Service Fee
$350 Early Termination Fee
Total: $829.41
I'm not sure yet if tax is added to the early termination bill but it looks like the cost was less than buying a device only AT&T or T-Mobile iPhone 5s.
T-Mobile iPhone 5 with tax:
Total: $924.35
Total: -$829.41
Saved: $94.94 (Or something close to that depending on taxes.)
I just got the phone too, but my taxes are higher apparently. So they pro rate the service for the month? Did you have to do anything special to cancel? Just call them up? Was it pretty easy?
I called customer service and said a family member will add me to their plan so I want to break the contract but keep the phone and asked what are the charges to do that. That was it.
I had it about 3 hours and never used it besides Apple turning it on in the store when they activated it. As soon as I left the store I swapped in my T-Mobile SIM.
I picked up my Verizon 5s device only phone through in-store pick-up...
I'm currently an AT&T customer...
1) I selected "create new account" & entered my information. Then placed my order.
NOTES: I entered "dummy" information for my personal information,
e.g. SSN = 123-45-6789, First Name = First Initial and Last Name = Last Name (You need to provide Last Name so you can pick up the phone), Address = Random Street Address - e.g. Starbucks near my house
2) I went to the store to "pick up" the phone. NOTE: this will sign you up for a new Verizon account. And will activate the phone.
3) The specialist will then return the device. My specialist was kind enough to call Verizon support to ensure my device is deactivated.
4) Wait 5 minutes -- this will put the phone back into the store inventory & make the phone available for sale again
5) Specialist will then ring you up for the new phone as device only
I was NOT charged any activation fee
I'm currently an AT&T customer...
1) I selected "create new account" & entered my information. Then placed my order.
NOTES: I entered "dummy" information for my personal information,
e.g. SSN = 123-45-6789, First Name = First Initial and Last Name = Last Name (You need to provide Last Name so you can pick up the phone), Address = Random Street Address - e.g. Starbucks near my house
2) I went to the store to "pick up" the phone. NOTE: this will sign you up for a new Verizon account. And will activate the phone.
3) The specialist will then return the device. My specialist was kind enough to call Verizon support to ensure my device is deactivated.
4) Wait 5 minutes -- this will put the phone back into the store inventory & make the phone available for sale again
5) Specialist will then ring you up for the new phone as device only
I was NOT charged any activation fee
I picked up my Verizon 5s device only phone through in-store pick-up...
I'm currently an AT&T customer...
1) I selected "create new account" & entered my information. Then placed my order.
NOTES: I entered "dummy" information for my personal information,
e.g. SSN = 123-45-6789, First Name = First Initial and Last Name = Last Name (You need to provide Last Name so you can pick up the phone), Address = Random Street Address - e.g. Starbucks near my house
2) I went to the store to "pick up" the phone. NOTE: this will sign you up for a new Verizon account. And will activate the phone.
3) The specialist will then return the device. My specialist was kind enough to call Verizon support to ensure my device is deactivated.
4) Wait 5 minutes -- this will put the phone back into the store inventory & make the phone available for sale again
5) Specialist will then ring you up for the new phone as device only
I was NOT charged any activation fee
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the same happened with me. however, I entered the true info about my self and the Verizon sim card still active! the specialist said do not worry I canceled the contract. I called Verizon and they said do not worry, and it is weird because the number is active until now with full service! it has been more than week !