Verizon just increased its early termination fee from $175 to $350 for an “advanced device”. An advanced device? Pretty vague. Thankfully Verizon has a list. Of course, Motorola’s DROID is on the list. Verizon’s “Customer Agreement” is on the Internet for all to see.
Weird For every full month $10 is deducted from the $350 fee. Even after you fulfill your two-year (24 months) commitment there is a $110 termination fee left. If you are serious about becoming a Verizon customer because you want that advanced device I would be very thorough in my research and ask whether I will be charged if I decide to leave Verizon at the end of my 2-year contract.
Advice Sounds like a terribly complicated move on the part of Verizon. Here’s some advice Verizon: set a termination fee, divide that by 24, and deduct that amount from the total termination fee on a monthly basis.
Source: “Don’t shop drunk: Verizon’s $350 ETF is now live” – Engadget