Your Used iPhone and Early Termination Fees

There will likely be quite a rush of iPhone users who begin pre-ordering the new Verizon iPhone early next month (February 2011). The prospect of this are enticing to those looking to get their first iPhone, yet what about the current AT&T customers who want to make the big switch to Verizon?

This is a good example of how we all must weight the pros and cons of signing a lengthy contract with wireless providers these days. The real problem in this case is the fact that the AT&T iPhone customers will have to deal with an early termination fee (quite a substantial one at that), if they want to make the move to the Verizon package.

There were substantial increases to the early termination fees last summer so this is not an expense that can just be ignored for many consumers today. In addition to the termination fee, you will have to actually purchase a new phone as well. So what can you do with your used cell phone?

If you have a used iPhone in great condition and you do plan to switch to Verizon then your best bet for recouping as much of your expenses would be to sell the used iPhone. We recommend only well established and trusted sources in order to help reduce any time consuming or bad experiences. A used iPhone can command a respectable price right now so take a look at the current listings of used iPhones to get a better idea of what phones in similar condition to yours are selling for. It is never easy to have to bring yourself to paying an early termination fee. Many people consider this to be one of the primary reasons to use an unlocked iPhone but this should be fully addressed (whenever possible) before you sign any contracts.

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