ETF for Nexus One May Reach $550
According to Google's terms of sale for the Nexus One, both Google and T-Mobile will charge customers an early termination fee for breaking their contract. Google said customers who buy the Nexus One for the T-Mobile contract price of $179 will be charged $350 if they cancel service within 120 days. That $350 goes to Google. T-Mobile will also apply an ETF of $200 to any customer who breaks their contract with more than 180 days remaining on that contract. The total ETF can hit $550, which is more than the unlocked version of the Nexus One costs ($529). Those who buy the unlocked version at full price won't have to worry about these ETFs.
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If the FCC did not like vzw upping their ETF....
Cost to break N1 contract After 121 days:
Cost to break Droid contrac...
Can't say you weren't warned...
How it works: this is T-mobile cheating people
First, the dealer's (Google's) cancellation fee may only be if you cancel and don't return the phone (I haven't read Google's terms to know if they allow for this long return period). The dealer doesn't get paid by T-Mobile if you cancel within 4 months, even though T-Mobile is going to collect an ETF from you.
So if you activate today, then cancel next month, T-Mobile gets your ETF... AND doesn't have to pay the dealer! What a scam against their own dealers. The dealer did their part and got you to sign up (and not return the phone within the trial period), but they still lose the phone. Thus, dealer ETFs were invented.
It would be generous of Google to allow a 4-month return ...
And tmob lost out on all of your monthly fee's for service for 23 months. So yes, they have a right to recoup their loss. Again, dont like the rules? Buy full retail or dont break a contract.
Tmob is the only one has had the stones to do this.
Why pay $600, then pay the same monthly fees as some clown who got his phone for $200....
Holy Churn Batman!
ETF for the Dr. Evil Smartphone = $1 Milllllion Dollars!
*insert doctor evil smily*
i dont have to worry at all!
i had bad experience with capacitive screen!
Thats ridiculous. Etf's are supposed to compensated for the subsidy for the phone. In this article it says that the etfs will add to be higher then the Full retail price. Is there something that I am missing?
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