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ETFs and "Free" Phones
So I had this "brilliant" idea when I learned that Early Termination Fees are prorated:
If a carrier has special offer giving away a phone free one week but otherwise charging $50-300 for it previous to and after the deal, would your ETF be based on the normal price of the phone or would it be higher to make sure they recoup the wholesale value if you decide to cancel your contract? If the former is the case, I would get a free phone from T-Mobile or AT&T (as it will work with a prepaid carrier) and cancel the contract within 1-3 months depending on the ETF.
Any thoughts? Will this work or not?
Thanks in advance.