1. Check out our companion app, Forums for Android! Download from Google Play

Good question!

Discussion in 'Verizon' started by droidism, Dec 4, 2009.

  1. droidism

    droidism Well-Known Member
    Thread Starter
    15

    Nov 10, 2009
    86
    0
    15

    Advertisement

  2. CRPercodani

    CRPercodani OFWGKTA
    213

    Oct 24, 2009
    2,940
    564
    213
    Real Estate Agent
    M A dub'l dolla sign
    Good post but it belongs in the Verizon carrier forum. Moved.
     
  3. DankyDroid

    DankyDroid Well-Known Member
    15

    Nov 29, 2009
    65
    0
    15
    Verizon Wireless
    In a house
    Last time I checked, you have to agree to the terms of the contract and then sign it (electronically now).
    So what's the issue, if you don't agree, don't sign. What is there to investigate, they aren't doing this to existing contracts, only when people upgrade into new smartphones/data devices.
    Don't like it, don't buy it, don't sign it. Pay full retail. Oh, btw, paying the full retail price for those devices, that'll be about the same as the ETF, Verizon can conduct and dictate the terms of their contracts however they see fit, last time I checked.

    So what's the hoopla for?
    Don't want to pay a high ETF, don't sign a contract and then cancel it after you buy a $500 device for $200.
    LMAO
     
  4. MisterEff

    MisterEff Well-Known Member
    56

    Nov 25, 2009
    366
    9
    56
    I agree with the FCC...this was just a way for them to earn way more money. I mean if they just wanted to make up for the cost of the phone they could have had it where at month 23 you only had a little left to pay off.
     
  5. aximtreo

    aximtreo Well-Known Member
    16

    Nov 14, 2009
    95
    5
    16
    Sales
    Chandler, AZ

    I agree, you know what the terms are so if you don't want to sign; don't. by the way, you do have an alternative. For about $30 more at beginning of contract, you can opt for a one year deal. Most anyone can stand the phone for one year.
     
  6. hrbib21

    hrbib21 Well-Known Member
    78

    Nov 24, 2009
    878
    34
    78
    Pro Desk Driver
    Myrtle Beach SC
    Good point. I also agree with DankyDroid. Why does everyone need the government to look over their shoulder all the time? Why not take some responsibility for what you put your signature to?
     
  7. UncleMike

    UncleMike Well-Known Member
    163

    Nov 15, 2009
    2,323
    484
    163
    Central NJ
    I'll start by saying that if you don't like the terms of a contract, don't sign it. If you do sign it, live with the terms. However...

    If an ETF is exclusively about recovering the cost of the carrier subsidy for a device, the ETF would be prorated, and could vary on a per-device basis. Although ETFs are often reduced over time, they are not "prorated". Strictly speaking, a prorated ETF would be reduced an equal amount each month, with the reduction in the final month resulting in an ETF of $0.

    Additionally, when a device is purchased at full retail price, there is no subsidy to recover, and monthly recurring charge would then be reduced so that the savings over a typical contract term would equal the subsidy that the consumer chose not to accept in the first place.

    In Verizon's defense, I think the device-specific ETFs would unreasonably complicate the decision making process for many consumers. This could be avoided by subsidizing all devices within a given class (i.e. advanced devices vs. "regular" devices) an equal amount, and set contract pricing on devices accordingly. They might already be doing something like this, but I doubt the contract price plus the subsidy equals the retail price in all cases.

    I'll end where I started - if you don't like the contract terms, don't sign the contract.
     

Share This Page

Loading...