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Verizon Removes 10 Phones from $350 ETF List

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Top message:  $350 ETA? My Vote: Keep them! by SellFone   Jan 19, 2010, 8:46 PM

Replying to:  Re: Ight verizon fanboy... by Desolationblade   Jan 20, 2010, 11:15 AM

Re: Ight verizon fanboy...

by Menno    Jan 20, 2010, 1:21 PM

The no contract price on the 8330 is 429.00 online.

The term fee is there for equipment AND because you signed the contract. When you sign up for a 2 year contract, verizon expects revenue for those 2 years and they adjust their budgeting accordingly. If people could just cancel after 8 months, a lot of people would (just to get new phones with verizon ironically).

If you take out a loan, if they applied all your monthly payments to your balance, you'd pay it off a lot faster than the stated term, correct? Do you think that this means people should be able to get out of loan repayments once they pay off their balance, even if they have 10+years of interest? How likely do you think loans would be then?

What I'm getting at is that Verizon (and every other contract cellphone company) sells discounted phones on contract for the PROFIT they can make, not to make up the cost of the phone.

Also, with a retailer, if a customer cancels within so many months, the store gets charged back. So it doesn't MATTER how short it takes verizon to make back the money, because retailers only get their initial cut and that's it (the residuals are generally kept by the corporation that owns the stores) so if a customer cancels, not only did they lose the money on the phone, they also get charged back for the commission made.

I'm a fan of contract free, unsubsidized phones. But as long as customers demand cheap phones, (really if you sold the Curve for 322 and said "but there is no early term!" people would go across the street, but it on contract, and complain about the earlyterm)

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