LET ME GET THIS STRAIGHT????
let me get this straight i can go into a verizon store buy say a blackberry storm on a 2 year agreement go home list that storm 2 on ebay sell it for say 450.00 and then shut the contract off for 175 making me a profit of 225 in my pocket and no more contract?? if thats the case no wonder there are so many new phones on ebay. is this really how it works???
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it's a little more complicated than that (prorated amounts, etc) but yeah. This is why Verizon (and I'm assuming other carriers) are changing the way ETF's work.
Companies were given two choices:
1) increase etfs, negatively impacting less than 5% of their consumer base. (look at their churn)
2) decrease the amount they subsidize the phones, negatively impacting 20%+ of their customer base (smartphone people, or people considering smartphones).
Companies were given two choices:
1) increase etfs, negatively impacting less than 5% of their consumer base. (look at their churn)
2) decrease the amount they subsidize the phones, negatively impacting 20%+ of their customer base (smartphone people, or people considering smartphones).
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I've used upgrades in this manner in the past actually. Upgraded to the Dare, sold it on Ebay and put my 8300 back on the line.
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That would be assuming you got your Blackberry for free at the time. Most of the time smartphones aren't free. The storm is at least $50 at Verizon. Some are $150 and $180 depending on the model, so you have to add what you paid for the phone up front in addition to the $175 when figuring in your profit margin.
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Actually the Storm 2 is $180, plus the $175 ETF. If you sold it on ebay for $450 you would only make $95. Still not bad, but may not be worth all the hassle.
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