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Verizon helping the poor??

by Magishine / December 27, 2009 2:09 PM PST

Really? That's their excuse? Because it's pretty hard to talk about how affordable your phones are when you require the highest deposit for those that have low credit. I was thinking of going to verizon about two years ago. They wanted a $1,000 deposit as opposed to Sprint's $100 deposit.

Guess which one I went with.

I know this is late, but I needed to get it off my chest. Verizon is nuts if they're claiming ETF are to help keep their phones affordable.

Discussion is locked
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Smartphones are expensive
by Nicholas Buenk / December 28, 2009 10:30 AM PST

The droid for example is a $600 phone. That they can sell subidised for $200 with the rest coming out of your monthly plan over 2 years. If you can just pay $200 quit and pay $175 termination fee, you're probably getting the droid at cost to verizon. And here's why they changed it.
Although, $1000 deposit? I should think they'd have to refund some of that if you quit early...

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They don't
by Magishine / December 30, 2009 1:45 PM PST

You get it back at the end of your first year, like every other deposit. And it's applied to your bill as a credit.

The deposit isn't just for smartphones, it's for every phone. And never mind that Verizon has the most expensive phones and plans to begin with, how many people would drop 1000 bucks on the PRIVILEGE to use Verizon. You still have to buy the phones as well. It's just ridiculous and ludicrous.

And even though it's not Verizon, didn't AT&T still have an ETF on the first iphone, even though it was unsubsidized?

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