Canceling Verizon contact - Best Buy

[cpacini]

Has anyone canceled a Verizon contract after buying a phone from best buy and signing up for new service there? Any issues?

Best buy is currently selling the droid turbo for $1 with contract and including a $150 gift card. I'm thinking of buying the phone and paying for a month of service then canceling and paying the ETF, would be about 400 total. After the gift card you would basically get the phone for 250 which is a hell of a deal.

 

[SKORPI0]

http://www.bestbuy.com/site/motorola...&skuId=9943093

Early termination fee of $350.

Try it and let us know what happened.

 

[ImDonly1]

ETF $350
1 month service $60+taxes
Activation = $35
Sometimes they charge you sales tax on the total price of the phone ($650) not the marked down $1 price. Not sure on this. So another $65.

The fine print says this "Sales tax (on total price) may be due at purchase."

So depending on the tax, after the gift card you are getting the phone for $370, probably close to $400 since I didn't add in the monthly bill taxes? I could be wrong.

Edit:
It seems they only charge tax on the full price of the phone if you do one of the payment plans. If you do a subsidized price, then it is based on the subsidized price ($1 in your case).

 

[cronos]

I'm also pretty sure that this $350 Best Buy's ETF is *on top* of whatever Verizon's ETF is when canceling a contract.

 

[cpacini]

I'm also pretty sure that this $350 Best Buy's ETF is *on top* of whatever Verizon's ETF is when canceling a contract.

That's what I was wondering, I seem to recall hearing something similar for phones bought on contract through best buy

 

[isekii]

Bestbuy has no ETF

 

[cronos]

Bestbuy has no ETF

That link above on BestBuy's website says otherwise.

 

[tdawg]

Amazonwireless and Dell both used to have a $250 ETF if you bought a phone on contract through them and cancelled the service within 6 months, if I remember correctly. I cannot imagine Best Buy not having an ETF; the ETF and whatever kickback they get from carriers is the only incentive for them to carry inventory and sell phones on behalf of carriers.

 

[Midwayman]

Yah, lots of 3rd parties have their own ETF on top of the carrier. Its there since they use part of their kickback from the phone company to offer you a lower price. If you're not a customer for 60 or 90 day (whatever it says in the contract) They don't get the commission, and so go after you for that commission.

Edit- worth noting its on the line typically, not the phone. So you might be able to put a feature phone on that line with the cheapest plan and cancel after that period. YMMV.