Verizon ETF question

[Praetor]

My employee discount with Sprint has been greatly increased thanks to my employer's upcoming relationship with Sprint, so I'm looking to cancel my Verizon Family Share plan and make the jump.

I've been reading up on the variable Verizon Early Termination Fee (ETF) policy, but I'm still left with a few questions.

Is the ETF $175 per line, per year? ie, for a 2 year plan, the ETF would be $350
Or is it $175 per line per contract. ie, for a 2 year plan, the ETF would be $175?

edit Just to clarify, I'm not trying to get out of my ETF, should I indeed decide to switch. I'm just trying to find out what to expect.

 

[Praetor]

After searching for a few weeks and finally just posting here, I was pointed to this thread on HowardForums that answered my question.

Originally Posted by XFF

Originally Posted by jd333
hmmm... does the math add up?

How much do you pay for the ETF if you break a 2 year contract one year into it? Isn't it $175 divided by 2, since they now pro-rate ETFs?

How much do you save by using that NE2 and $50 cheaper phone?

No, the ETF decreases by $5 every month, so after 11 months you still owe $120 ETF. It would take 3 years for it to drop to $0.

So, it would appear the $175 ETF is just a flat fee no matter how long your contract is.

Sorry for the waste of bytes on this thread.

 

[Raduque]

The ETF is only variable if you signed your contract after November 06. Otherwise, it's a $175/line.

 

[Praetor]

Originally posted by: Raduque
The ETF is only variable if you signed your contract after November 06. Otherwise, it's a $175/line.

Which I did, but that's not my question. My question was, is that $175 per line, per year the contract is for? Or is it just a flat $175 no matter what length the contract is?

 

[Raduque]

If you signed it after November 2006, then you can take $5 off the ETF for each month you have had service. The ETF is per line, and it's for breaking the contract early - period. No "per year".

edit:
Like so:
Two lines, still under contract (doesn't matter how long), signed up before 11/06: 175x2=350
Two lines, still under contract (doesn't matter how long), signed up after 11/06, say been on-contract 8 months: 175-($5x8)x2 =270

 

[Praetor]

Originally posted by: Raduque
If you signed it after November 2006, then you can take $5 off the ETF for each month you have had service. The ETF is per line, and it's for breaking the contract early - period. No "per year".

edit:
Like so:
Two lines, still under contract (doesn't matter how long), signed up before 11/06: 175x2=350
Two lines, still under contract (doesn't matter how long), signed up after 11/06, say been on-contract 8 months: 175-($5x8)x2 =270

Pretty much what I was able to discern from the link on HowardForums. Nice to have confirmation though.