Verizon iPhone 5s and ETF

Discussion in 'iPhone' started by Coleman2010, Oct 18, 2013.

  1. Coleman2010 macrumors 68000

    Joined:
    Oct 9, 2010
    Location:
    NYC
    #1
    I want to buy the Verizon iPhone 5s on contract. Then cancel the contract, pay the ETF fee and use it on T-Mobile.

    How long do I have to wait before canceling the contract? Also, can I put in my T-Mobile SIM and use it right away before I cancel the contract?
     
  2. kenknotts macrumors 6502

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    Sep 23, 2013
    #2
    You do know you wont get LTE on T-Mobile right?
     
  3. ant the ninja macrumors regular

    ant the ninja

    Joined:
    Nov 21, 2012
    #3
    After fees and taxes you will pay more for the phone than if you just buy it unlocked...
     
  4. Coleman2010 thread starter macrumors 68000

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    Oct 9, 2010
    Location:
    NYC
    #4
    The Verizon 5s works with T-Mobile and AT&T LTE. All 3 are the same model iPhones with the same radios except the Verizon model has the CDMA enabled and the others do not.

    ----------

    From what I was told you end up paying $50 less. Do you know how long you have to wait to cancel service?


    64GB $399 Down
    ETF $350
    Month of service $80

    $829
     
  5. Fedmahn Kassad macrumors regular

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    Sep 24, 2013
    Location:
    New York City
    #5
    Correct on the Verizon model. Perhaps the guy was referring to T-Mobile not having "true" LTE in some places? Either way, the Verizon model does it all.

    From what I understand, one would pay $50 less by going the contract/cancellation route. However I am seriously at odds with regard to the net gain of saving $50 by doing a credit check.
     
  6. kenknotts macrumors 6502

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    Sep 23, 2013
    #6
  7. Akack macrumors 6502a

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    Mar 5, 2011
    Location:
    USA
    #7
    Stop spreading blatantly incorrect info.

    The thread you linked is for the verizon iPhone 5 and you won't get T-Mobile LTE.

    The OP is asking about the Verizon iPhone 5s, and not the iPhone 5. You are able to get T-Mobile LTE (assuming tmob has LTE coverage in your area) with the Verizon 5s.
     
  8. Coleman2010 thread starter macrumors 68000

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    Oct 9, 2010
    Location:
    NYC
    #8
    That thread is about the Verizon iPhone 5. Not the 5s. The 5s works with T-Mobile LTE.

    ----------

    Do you know how long I have to wait before I cancel and pay the ETF?
     
  9. Fanaticalism macrumors 6502a

    Joined:
    Apr 16, 2013
    #9
    14 days
     
  10. Applejuiced macrumors Westmere

    Applejuiced

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    Location:
    At the iPhone hacks section.
    #10
    My mistake:)
    I just read it correct now and deleted my post.
     
  11. Coleman2010 thread starter macrumors 68000

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    #11
    Thank you
     
  12. Bear macrumors G3

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    Jul 23, 2002
    Location:
    Sol III - Terra
    #12
    If you buy directly from T-Mobile, for the phone, $349 down and $20.83 for 24 months. That totals $848.92 for the price of the phone. Just get the phone from T-Mobile and save yourself the headache you're asking for.
     
  13. Coleman2010 thread starter macrumors 68000

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    Oct 9, 2010
    Location:
    NYC
    #13
    I want the 64GB Gold. T-Mobile does not have stock and is back ordered 3-4 weeks through the site. I just sold my iPhone 5 this afternoon so I'm without a phone.
     
  14. Fanaticalism macrumors 6502a

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    Apr 16, 2013
    #14
    I just made a phone call. The best way to do it is:

    Call and cancel immediately after activation so you don't incur any "time of service" charges.

    You will automatically pay the activation fee.

    Pick the 500mb share plan which is their cheapest smartphone plan which is $80 plus fees so ~$90

    You will be billed for 1.5 days of service.

    Your total cost will be:

    $400
    $350
    $36
    ~$2

    $788+local sales tax.
     
  15. Bear macrumors G3

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    Jul 23, 2002
    Location:
    Sol III - Terra
    #15
    Maybe a T-Mobile store has one in stock.

    And if you sold you phone before getting a replacement, does that mean you don't really need a cell phone right now? In that case does a 3 week wait matter?
     
  16. AppleFan91 macrumors 65816

    AppleFan91

    Joined:
    Sep 11, 2012
    Location:
    Indy, US
    #16
    $36 Activation fee

    + $15 taxes and fees

    + proration

    I worked for Sprint until last month. I can tell you that you are missing a few fees here and there
     
  17. Arnezie macrumors 65816

    Arnezie

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    Oct 10, 2011
  18. s54 macrumors regular

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    Sep 25, 2012
    #18
    Canceling a carrier contract with an ETF has zero impact on your credit, as long as you pay the ETF.
     
  19. TB07-NJ macrumors 68020

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    Jul 7, 2008
    Location:
    US of A
    #19
    If you buy DIRECTLY FROM T-MOBILE the phone is NOT unlocked. If you buy the T-Mobile phone from APPLE STORE it IS unlocked. PLUS they won't sell it to you without having an account so you have to pay 1 month service. PLUS the T-mo version doesn't have the CDMA radio.
     
  20. Fedmahn Kassad macrumors regular

    Joined:
    Sep 24, 2013
    Location:
    New York City
    #20
    They have to run a credit check in order to approve you for a new contract. Unless the customer buys the phone at full price - which our OP is not trying to do.
     
  21. Coleman2010 thread starter macrumors 68000

    Joined:
    Oct 9, 2010
    Location:
    NYC
    #21
    I really don't need the CDMA radio and I would not mind being locked to T-Mobile. I would wait the 40 days to get the unlock by T-Mobile. T-Mobile does not have 64GB in stock in store and the Gold is 3-4 weeks back ordered through their site.

    Verizon stock is easier to come by so I'm going with a Verizon model since it's GSM unlocked.

    ----------

    I sold my personal cell. I still have my work cell which is a POC Blackberry.
     
  22. nox5 macrumors 6502

    Joined:
    Oct 16, 2013
    #22
    Verizon is better because it has additional bands (just in case you are in the middle of nowhere and you need to use prepaid verizon). You may be charged tax on ETF too (~$30 depending on state).
     
  23. Coleman2010, Oct 19, 2013
    Last edited: Oct 19, 2013

    Coleman2010 thread starter macrumors 68000

    Joined:
    Oct 9, 2010
    Location:
    NYC
    #23
    So this morning I bought a Gold Verizon 64GB iPhone 5s in store on a 2 year contract. When I got home I called and cancelled the contract. My total fees look like this:

    $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.)
     
  24. nox5 macrumors 6502

    Joined:
    Oct 16, 2013
    #24
    Let us know in a month when you get your final bill. I'm sure its less than paying full price. Only negative is you lose some points on your credit history every time they run it when setting up new postpaid account.

    I think you was supposed to cancel it after 14 days of service and not within buyers remorse period when you have to take the phone back and they cant charge you ETF yet according to the law.
     
  25. Coleman2010 thread starter macrumors 68000

    Joined:
    Oct 9, 2010
    Location:
    NYC
    #25
    Same day they didn't ask for it back and just charged me the ETF. Plus I'm being charged for 1 day of services instead of a month.
     

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