Thursday, November 19, 2009

Verizon wants their money, so dont play



If you were planning on going to Verizon, picking up the new Droid and then cancelling your account, paying the termination fee, and then selling the phone for a profit, think again. (who would do that right?)

Verizon has raised its ETF (Early Termination Fee) for all "Advanced Devices" to $350.  Here

If you cancel a line of Service, or if we cancel it for good cause, during its contract term, you'll have to pay an early termination fee. If your contract term results from your purchase of an advanced device after November 14, 2009, your early termination fee will be $350 minus $10 for each full month of your contract term that you complete. (For a complete list of advanced devices, check verizonwireless.com/advanceddevices.) Otherwise, your early termination fee will be $175 minus $5 for each full month of your contract term that you complete.

The funny thing is, with a $10 a month decrease on a $350 ETF, you will still have $120 at the end of your two-years. I wonder if they'll want that as a check, or money order?

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