I will never again use Verizon. I decided to just pay out the contract then
when its over to go with another carrier with a new phone. Verizon was rude
and lied upfront to me even about my contract terms. I will be filing a
complaint with the FTC. They told me my cancellation fee was $175 when it
says UP TO 175. I asked the rep when they charge less than $175 for
cancellation fee and she told me they dont. Therefore the contract terms
are in complete violation of the law and I will be taking Verizon to small
claims court. And the phones, they dont even cost Verizon $350. I asked
why the cost was high, they told me thats what it costs them which is
clearly not the case. The Samsung A530 does not cost $359 new for Verizon
to buy from Samsung. Phones probably cost around $100 a piece new for the
big companies.
Since I wont be staying with Verizon, which phone can I get as a replacement
thats cheap just to tide me over till I switch? I dont know who Ill wind up
using.
> My cellphone was lost or stolen. I tried to get a replacement from Verizon
> for $69 for the Samsung A530 for my existing contract. They wont budge.
[quoted text clipped - 10 lines]
> this phone with contract and then cancelling or without contract to begin
> with?
> I will never again use Verizon. I decided to just pay out the contract then
> when its over to go with another carrier with a new phone. Verizon was rude
[quoted text clipped - 4 lines]
> are in complete violation of the law and I will be taking Verizon to small
> claims court.
Good luck on that one...
The early termination fee is primarily to recoup the cost of subsidizing
your phone when you cancel early. A secondary reason would be to
reduce churn.
> And the phones, they dont even cost Verizon $350. I asked
> why the cost was high, they told me thats what it costs them which is
> clearly not the case. The Samsung A530 does not cost $359 new for Verizon
> to buy from Samsung. Phones probably cost around $100 a piece new for the
> big companies.
Doesn't matter what they get them for. What matters is what
they charge everybody/anybody in your situation. If I walk into
a VZW store and buy a A530 without a plan that is what they
would sell it to me for. I'm guessing you were made aware of
the insurance option when you got your plan and/or equipment.
> Since I wont be staying with Verizon, which phone can I get as a replacement
> thats cheap just to tide me over till I switch? I dont know who Ill wind up
> using.
*any* cdma phone that is not locked by another provider or can
be unlocked.
If you don't want to wait for the end of your contract:
1) pay the $175 termination fee.
2) pay the monthly charge for the remainder of the contract.
This can be cheaper than the termination fee depending
on how much you have remaining of your contract. Remember
to use the cheapest plan you can switch to in your calculations.
If you switch plans be sure not to take *any* promotions
(including free ones) as this might extend your contract.
-Quick
Dr.wireMORE - 26 Mar 2004 07:30 GMT
Fact: the $175 early termination fee is primarily "?" Does it matter what
the reason or how much? The terms of signing up with verizon were clear and
agreed to a $175, per line, early termination fee. Don't agree, then
respectfully, don't sign up. Oh, you got a phone without insurance? Wasn't
worth it to you to buy insurance? Too Expensive wasn't it? Someone did
tell you it was a $300+ phone being subsidized.... and you thought it was
only worth $49.99? Oooops? Fair Profit are not dirty words, and canceling
an agreement for convenience is expensive.
At one time, it may have been to recover the "equipment" cost. But now, it
is just part of the agreement, and can't say what it is based upon. I'm
thinking that they add billions of dollars to improve the system, because
customers like you/me commit to 1 or 2 yr agreements and expect quality
service. Based on that agreement, vzw continues to grown/improve their
network. If you change your mind after the fact, you pay.
But I'll offer this:
a) buy a phone at retail, and still the disconnect fee is 175
b) activate your own phone, and still the disconnect fee is 175
For sure, I can tell you, as an agent, that money doesn't go to me. And as
you've heard before in this forum, if you keep a new plan less than a
"vesting period" then the agent's commission is reversed (or charged back if
you prefer). There is no free lunch when it comes to canceling early.
Don't quit, make VZW accountable for the service level's you need. And it
is easiest to do that when your a customer, not as a former customer.

Signature
Dr. wireMORE (don't accept "less", demand "more")
Wireless Consultant/Engineer & Midwest VZW Master Agent
Data, wi-fi, national access, smartphones, and home
computer healthchecks, stop worrying... just ask for the Dr.
If you need specific help, leave your email address & we'll try to contact
you.
<snip>
> The early termination fee is primarily to recoup the cost of subsidizing
> your phone when you cancel early. A secondary reason would be to
> reduce churn.
Mahlon Wagner - 27 Mar 2004 04:04 GMT
If I may continue this theme for a moment:
In reading the various good discussions I realized that I had perhaps
unwisely turned down the insurance when I signed up with Verizon and got
2 phones last week. So I quickly called the corporate store and found
I could still add the insurance and so I did.
Thanks again to all who discussed this most intelligently. Perhaps I
have saved myself some headaches down the road.
Mahl
> ........................ Oh, you got a phone without insurance? Wasn't
> worth it to you to buy insurance? Too Expensive wasn't it? Someone did
> tell you it was a $300+ phone being subsidized.... and you thought it was
> only worth $49.99? Oooops? Fair Profit are not dirty words, and canceling
> an agreement for convenience is expensive.
Quick - 29 Mar 2004 22:03 GMT
> If I may continue this theme for a moment:
>
[quoted text clipped - 6 lines]
> have saved myself some headaches down the road.
> Mahl
Insurance is not always a good value. Depends on your
financial situation, equipment (since the insurance cost is
not porportional to the cost of your equipment), and the
probability you will need it.
I have never made a claim on insurance. My wife
made one when she lost her phone. I have never damaged
any phone I've owned (knock on wood). My wife
tosses her's in the center console in the car, etc.
She always demands one of the top-o-line phones
whenever I upgrade.
I've upgraded once or twice and have always had
a very usable phone for backup. My daughter is
given the very cheapest phone available and if lost or
broken *may* be replaced with something very
inexpensive (used).
I have always had insurance on my wife's phone. I never
had insurance (until recently) on my phone or my daughter's.
This was the most cost effective (probability-wise) approach
for me.
Recently (about a year ago) I got a Kyocera 7135. $600-$700
retail price. I've insured that. Same cost as insuring a $200-$300
phone. Better deal and there is the (almost) instant replacement
which is important to me since I use the PDA portion heavily.
YMMV,
-Quick