Hey guys looking for opinion! It looks like I will be paying full price for Incredible. Was just wondering if anyone knows whether it would be cheaper to add a line (thus getting the phone for $199) and then canceling the second line and paying the ETF. If you paid the ETF it would be cheaper the paying the extra monthly fee. I think basic phone coverage is now $40 a month. I am just trying to look at all the angles to get the best deal. Thanks for everyones opinion!
Ok, so lets say you added a line to get the phone for $199 and then canceled this new line. By canceling the line, you'll be forced to pay a $350 ETF fee. So you're looking at $199 for the phone and $350 to cancel the line. At $549, you're better off paying the $530 retail price for the phone. VZW isn't stupid, this is why they've raised the ETF fee recently.
This would be really dumb, but lets just say you kept that 2nd line and paid it monthly. You'll be paying $9.99 for the service + $29.99 for required data plan. Over 24 months, you'd have paid $959.52 + the $199 for the phone.
So clearly, the cheapest option here is to pay full retail for the phone.
I'm not sure this will work, but another possible scenario may be to just pay the ETF on your current contract and start all over. Remember that the ETF is prorated. Assuming you signed your contract before November '09, your ETF should have been locked in at $175 and would have gone down $5 for each month that you were in contract. To figure out how much your ETF currently is, we would need to know how far into your contract you are. Basically subtract $5 for each month you've been in contract. I believe $50 is the lowest they will allow it to be. But even if you paid the full $175 and then started a new contract and grabbed the Incredible at $199, this would be a cheaper alternative to paying full retail for the phone.
If you signed after November and your ETF is $350, you're most likely better off paying full retail for the phone.