Paying ETF better than paying full MSRP to keep Verizon unlimited data??

Posted Nov 05, 2013 at 10:38 am in Threads > Smartphones & Tablets

I’m not sure if I have ever seen anyone mention this here, but I got struck with an idea (I’m sure others have had this idea or actually have done this so I want your feedback/input). Instead of paying full MSRP for your phone on Verizon to keep unlimited data, what if you opened a second account, got a phone for $199 or less, and then turn around and cancel it within the 14 day period? I looked at Verizon’s information on cancellations and what not and it says an ETF of $375 for advanced devices. So that would be the price you paid for your phone + $375 + probably the activation fee of $35 or so for your phone, right? I was thinking this would be a good idea if you wanted a phone that happened to be on sale for a penny or $99 or something like that.

Verizon Return Policy:

Has anyone done this? If so, what was your total cost? Thoughts? Is it worth the hassle?

  • LukeT32

    That is genius… I should have tried that when I bought my G2 on launch day outright. :’(

    • pekosROB

      So is it just me or should this work? I really need to contact Verizon, but if my wife ends up going prepaid with a Nexus 5 I’ll just take her Note 2 (I have an S3).

  • duffguy123

    Do you need information for the second line like a social #? Would someone have to go along with it or can you just add a line no questions asked?

    • pekosROB

      I’m not really sure, I think if you’ve been a customer for awhile they will add another line – but I also feel like I remember having a credit check run for it in the past. I know a lot of people who got second lines to get a cheaper phone and (for whatever reason) pay for the second line.

      • LukeT32

        I don’t think you need a social number or anything. You could be getting a second line for a child. I would go in without saying anything and just try it.. :D

  • Matt

    I did exactly this to keep my unlimited data.

    • pekosROB

      Did you have to pay any pro-rated fees for service if returned within 14 days?

  • kelltrash14

    I’ve heard of this being done, main concern would be unless you get the phone for a low up front price, it may not be worth the hassle. If it’s a Note 3 at 300 + 375 + 35…

    I suppose for maximum effectiveness, wait for a cheap amazon deal or whatnot and go with that, assuming their terms of service allow it.

    • pekosROB

      Exactly, gotta get a good deal on the contract price. Amazon does have their own ETF apparently though, someone mentioned it but didn’t say the amount.