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Cancel service/ETF question- phone purchased from Wirefly

Hi,

I purchase a new Droid Razr in October through Wirefly. My company recently switched from the blackberry to iPhone so I'm considering consolidating to just one phone. Does anyone know what the ETF would be if I canceled my verizon account? I see $175 & $350 listed but wasn't sure which applied if I purchased it through a 3rd party.

Thanks!

Comments

tikibar1

For Verizon smartphones, ETF is $350 minus $10 for each full month of your contract term that you complete (basic phones' ETF is $175 minus $5 for each full month of your contract term that you complete).

You'd want to check the agreement you signed with Wirefly regarding their ETF. According to their website, you must agree to maintain your agreement for a minimum of 181 days after activation, otherwise there may be additional charges ($400).

keebs45

ok thanks, I'm looking through my wirefly information now. Does it make a difference if I was upgrading my phone (extending my verizon contract) vs. buying a new contract?

tikibar1

No, a contract is a contract ... only in your case there are two: one with Verizon and one with Wirefly.

keebs45

OK thanks, looks like I'll have to wait a couple of months before I make the switch. Not a big deal, just figured it was worth looking instead of carrying 2 smart phones.

tikibar1

Just remember that while you may be 'in the clear' with Wirefly after 181 days, you'll still have a Verizon ETF if you cancel the line before your two-year contract is up.

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