On most other respectable forums, posts like this get deleted. Does no one remember the debacle at Howard Forums when MobiTV tried to shut them down alleging that HoFo was encouraging people to rip them off?
Ah, but there's no ripping off here. At least not of AT&T. Let's go through this step by step.
- OP buys 8GB iPhone for $200. Signs two-year contract with AT&T. (Currently out $200)
- OP sells 8GB iPhone on Ebay. OP said he thought he could get between $700-$1000 for the phone, so lets say he gets $850. (Currently up $650).
- OP has to pay Ebay fees. Lets say $4.00 for the insertion fee and the final value fee of about $31.00) (Currently up $615).
- Presumably, the buyer is going to want to use PayPal, and lets assume he uses a credit card as opposed to an automatic bank deduction. That's another 4.9% charge for $41.65. (Currently up $573.35).
- OP buys himself a shiny new 8GB/16GB iPhone for $400/$500 (Currently up $173.35/$73.35).
So, if OP can only sell his first phone for $700, he either losing $76 or makes $23 (depending on the size of the 2nd). If he makes $1000, he makes between $223-$323.
Meanwhile, AT&T still rings him up for $70 bucks a month, and perhaps has the 2nd buyer on contract as well.
So, I ask you, who's ripping off who?