Just a shout to those early adopters who stood in line for an iPhone and got a new line activated such that the contract can be terminated after a month by paying the ETF ($175) and owning the device without an enormously huge data plan requirement! Things get really interesting now! What if you slide a SIM with iPhone 2G plan into the 3G iPhone – will we be able to save $15 every month by gaining 200 free SMS messages and 2G data plan pricing!
In effect, for a 16GB iPhone, we end up paying
$18 (Tax – Varies)
$170 (ETF – Prorata ETF in effect, so $5 less for eeach month you keep the service for)
$90 (Approx First month bill)
~ $600 Approx. (Not bad given that no contract option costs a minimum of $100 extra).
Make sure you cancel it after 30 days of signing up a contract to be eligible for owning the device by paying ETF. Every single day may add to pro-rata bill. Also be aware that you can return the handset before 30 days and pay no ETF (if you are not pleased by the cracks developed on the iPhone – its just been 30 days and so many cosmetic issues reported already, it doesn’t look so good at the moment!).
eBay and Microsoft’s 25% promotion is still up, so if you don’t mind waiting 60 days to earn your cashback, you can get a 3G iPhone for affordable prices 🙂