My indentured servitude to Verizon (and probably yours to your carrier)

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Postby credit_card_fonz » Tue Jun 04, 2013 9:11 pm

When you buy a phone on contract you get a big subsidized discount on an overpriced phone. Full price might be $600 and you get the phone for $20 with a 2 year contract. You know at the time you agree to the contract the full price of the phone is $600, this isn't a secret and Verizon makes the money back with the overpriced monthly fee. The contract price of the phone is built into the monthly plan price.

Ask yourself this, if I use a credit card (say amex) charge a $600 television then come on here and ask how to avoid paying the bill, how would you answer? What if I said after I bought it I decided I really wasn't going to watch it so it shouldn't be worth $600? Now you knew how much the ETF was at the time you purchased the phone so how is getting out of the ETF different than if I decide to just stop paying Amex?

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Postby benhollberg » Tue Jun 04, 2013 9:55 pm

credit_card_fonz wrote:When you buy a phone on contract you get a big subsidized discount on an overpriced phone. Full price might be $600 and you get the phone for $20 with a 2 year contract. You know at the time you agree to the contract the full price of the phone is $600, this isn't a secret and Verizon makes the money back with the overpriced monthly fee. The contract price of the phone is built into the monthly plan price.

Exactly, they aren't forcing you to buy a phone with a two year contract. You are agreeing to buy the phone at a cheaper price by buying two years of service. I have bought many phones off contract, particularly iPhones, which the newest generations start at $650. You can get that same phone for $199 with a contract. They aren't forcing you to sign a contract, you agree by your own choice.
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Postby FutureBillionaire » Tue Jun 04, 2013 10:01 pm

PM me with genuine concerns about service. I will see what I can do to help.
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Postby BirthdayBoy » Wed Jun 05, 2013 10:30 pm

I'm a huge fan of prepaid phone plans. Sure, you're stuck with "last years model", and you have to pay for the phone outright, but it's really not a bad deal when last years model costs under $200.

I go with MetroPCS (go on and laugh at me), I have a fairly nice smartphone, as does the wife. It costs us $85 a month (total, both phones) for unlimited calls, texts, and 4G (although the 4G is more like 3.5G). In the end, we're happy as one can be with a cell-phone provider. The only downside, is that you don't get to be the 4th person at work that month to show off your new toy.

Once you get out of your contract, I would seriously recommend not signing up for another.
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Postby itsmeandrew » Thu Jun 06, 2013 12:50 am

Just thought I'd throw my two cents in:

I work at T-Mobile. The new plan is made so you get what you pay for. $50 for the first line, $30 for the second and $10 for the third, fourth and fifth. That includes unlimited talk, text and data. The data is only 500 MB of 4G, then it slows down to 2G/Edge. You can add more 4G for $10 per 2GB. Or right now they have a promotional unlimited 4G plan for $20 per line.

We have done away with the traditional way of upgrading phones. You will pay the full price of the phone. You can either do it up front, or finance it for 24 months with no interest. There's a down payment, then the most you'll pay per month is $20 for the phone.

One line with unlimited data and the iPhone 5/Galaxy S4: $50 (plan) + $20 (Unl. Data) + $20 (Phone) = $90.

Once the phone is paid off, that $20 for the phone will no longer appear on your bill. Or if you want to get a phone elsewhere, it will just be $70.

Oh, plus there's no contracts because we aren't giving you a discounted phone and don't have to make up the price.
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Postby rockyrock » Thu Jun 06, 2013 7:35 am

I've been with T-Mobile for several years now and have been happy overall. I happen to live in Hawaii where T-Mobile has great coverage, when I travel to the mainland it gets pretty spotty at times.

18 months ago I switched to the no contract family plan and love it! I paid full price for two phones which cost ~$1k but it was well worth it to not have the contract over my head. I paid the phones off early and now my bill comes in at $100 and some change for both lines unlimited T/T and some amount of data I've never exceeded. To contrast, my wife has a Verizon iPhone and her plan runs us $140 a month for just one line. This summer I plan to roll her into my plan T-Mobile plan and we should be able to come in right about what we are paying for her one line but we'll have three--and no contract!!!

I have had some frustrating moments with T-Mo CS and their policies but at the end of the day saving $100 a month is enough to make me put up with a certain level of BS...Chances are it would only be a matter of time before I ran into the same BS at Verizon, AT&T, or Sprint.
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Postby Moneytalks » Thu Jun 06, 2013 8:46 pm

Regardless of the carrier you're with, big brother is collecting data on all of us...FAST, I'm moving to Canada where it's safe
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Postby Celestine » Sun Jun 09, 2013 5:13 pm

I am not sure about your situation on how you got that additional contract unless you upgraded your mobile phone.

But everyone needs to remember that an "upgrade" on any service provider whether mobile communications carriers, TV service, or other service-based company will require the consumer a certain number of months for the commitment to offset their costs on acquiring the phone or devices at a much lower price (or even "free").

Always read the fine print and ask questions before deciding on something.
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Postby swipe_masta » Sun Jun 09, 2013 11:55 pm

I actually really like Verizon. It also helps that I get 15% off my bill because the company I work for has some sort of deal with them. You can actually see if you qualify for any discounts by putting your and your company's info in at VZW's website. I believe that all educators get a discount if I recall.

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Postby agp » Tue Jun 11, 2013 9:33 pm

Anyone have Straight Talk? It's actually cheaper than T-Mobile, but just doesn't have all the latest phones (which I do not have to have, Galaxy S3 will be more than enough for me).

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