NEW ETF Fee for VZW?

Discussion in 'Android General Discussions' started by mth04, Nov 3, 2009.

  1. mth04
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    mth04 Premium Member Premium Member

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    Well Look at this picture sent to me earlier today. It appears as if VZW is going to be chaging thier ETF for for advanced devices. This is a bad situation for all VZW customers who use these devices. Tell us what you think :mad:.

    Special Thanks to Randy from Droneberry.com for forwarding this on to me :icon_ banana::icon_ banana:.
     
  2. New2u
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    New2u DF Super Moderator

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    That truly means get your damn phone before 11/15. So that way you will be locked in by contract. I can understand why they are doing it, because there were MANY who bought an iphone to break the contract and take it to another company. AT&T i think lost alot of money on that happening, because the iphones costs for them is still quite a bit. Same with all other smart-phones. I think you will see alot of companies start doing this soon.
     
  3. mjs31
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    mjs31 Member

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    That sucks, but I can see why they would do it. Either way...11/6/09 for me....thanks for the info though...that is good to know.
     
  4. dean.collins
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    dean.collins Member

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    Yep it does suck.

    I wonder why the delayed the $350 until the 15th of November instead of pre-droid launch?
     
  5. rjmlakota
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    rjmlakota New Member

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    I don't understand what this means? Can someone explain in more detail?

    Thanks,

    RJ
     
  6. dean.collins
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    dean.collins Member

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    Yep basically if you buy your droid after the 15th of November if you leave verizon BEFORE the end of 2 years they want to charge you an early temination fee.

    So basically if you left after 1 year (to go back to at&T for the "iPhone V5" for example) then they will charge you $230 ($350 - ($10 per month x 12 months completed = $120)


    If you buy before the 15th of november the amount they charge you is $175 - $5 per month completed (so the example above would be $115 early termination fee ($175 - ($5 per month x 12=$60)


    Does that answer your question?



    Cheers,
    Dean Collins
    www.Collins.net.pr/blog
     
    Last edited: Nov 3, 2009
  7. rutger1413
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    rutger1413 Member

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    It probably has something to do with how much they are subsidizing these phones now. It bothers me though that we are forced to get data and now pay higher ETFs for these devices.
     
  8. rjmlakota
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    rjmlakota New Member

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    Perfectly explained!

    I've been with Verizon for over 10 years and don't plan to change.:)

    Thanks,

    RJ
     
  9. dean.collins
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    dean.collins Member

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    Sure but you may chose to get a new phone within 24 months....this early ETF will also apply to you even if you aren't leaving Verizon.
     
  10. danDroid
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    danDroid DF Administrator Staff Member

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    Thanks for the explanation Dean. I didn't quite understand at first as well.

    I don't think this will effect that many users but will protect Verizon from scammers and prevent people from jumping ship early. Remember, Verizon is shelling out around $400 (I believe) to Motorola for every Droid phone they sell. Gotta make that up somehow...
     
  11. danDroid
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    danDroid DF Administrator Staff Member

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    Ouch, will that kinda sucks then :(

     
  12. New2u
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    New2u DF Super Moderator

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    Would you like to clarify where you get that info from? Because at verizon after the first 10 months you are allowed to get a new phone for the subsidized price. Never have you had to pay an ETF before, and nothing i read in that statement leads me to believe it's any different now.
     
  13. cereal killer
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    cereal killer DF Administrator Staff Member

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    That's incorrect. They won't do that....ETF is for customers leaving VZW before their contract is up. Not buying a new phone. You can get 15 new phones in 24 months and not be charged an ETF.
     
  14. mth04
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    mth04 Premium Member Premium Member

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    That's exactly correct. Only if you leave VZW before you contract time is p. After 10 months you can do a yearly "upgrade" Even worse news is the NE2 discount may drop to $50 this year also :blink:
     
  15. New2u
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    New2u DF Super Moderator

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    This was a breakdown of the new every two from the verizon site itself.

    Verizon | Calling Features: New Every Two® - Verizon Wireless Support
     
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