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Solved! Go to Correct Answer
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ETF: Early Termination Fee.
But no, you don't have to lie. You can say you want a new phone at the 1yr pricing under the Lost/Stolen/Damaged program and they'll give it to you. This is a type of exception they use for customer's who are limited on upgrade/replacement options and want a new phone without paying full retail.
So you wouldn't have to wait for your upgrade in July 2010. You would just start a new one year contract when the Storm 2 comes out.
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No, your credit wouldn't be affected.
But that particular way of doing it wouldn't be very cost effective for you. Sure the retail value of the Storm 2 is probably going to be between $400-$500, but you wouldn't necessarily have to settle for that price. You can request the 1yr pricing under Verizon's Lost/Stolen/Damaged program, you'd qualify if you weren't eligible for upgrade and didn't have insurance. The 1yr pricing should be under $300. Usually it's only $70-$100 more than 2yr.
The ETF would probably be $150+. So with the 2yr price of the Storm 2 it would be $200 + $150 =$350+. Not including all the hassle of actually disconnecting your account and losing all of your account tenure and usage history, paying a new activation fee and having to go thru a extremely high first bill.
So getting the 1yr pricing would be a heck of a lot less stress for you and you'd be saving $50-$100 over cancelling.
But of course we won't be absolutely sure until the full pricing details are released for the Storm 2.
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ETF: Early Termination Fee.
But no, you don't have to lie. You can say you want a new phone at the 1yr pricing under the Lost/Stolen/Damaged program and they'll give it to you. This is a type of exception they use for customer's who are limited on upgrade/replacement options and want a new phone without paying full retail.
So you wouldn't have to wait for your upgrade in July 2010. You would just start a new one year contract when the Storm 2 comes out.
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Chilie, quick question.
Wouldn't going this route put their current phone on the negative file?
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Will this course of action work if I have insurance on my phone? I want the droid, and I am not eligible for a new phone until August of 2010. I to was going to cancel my contract, pay the $125...then get the phone at a discount. What should I do?