doublea500
Active Member
Not to get too technical, but you aren't paying $349. That's the carrier subsidized price.
You eventually end up paying for the full retail price of the phone (around $600-$700) because Verizon rolls this cost in with their service. This is why you get charged an ETF if you drop them before you contract is up (because they can't recoup their costs if you leave your contract early).
The $349 is really more of a "down payment".
the 349 is only a down payment if your are new to the service. if you are already with verizon, then you either keep paying the $30 a month for the first smartphone or buy the $349 (idt its gonna be that much) for the new phone. its more like a speed bump.