If you`re looking to switch cell phone providers, you may be hesitant due to the high costs associated with ending your current contract early. However, Verizon offers a cell phone contract buyout program that can help alleviate some of these concerns.
Under Verizon`s contract buyout program, the company will pay up to $650 to cover your early termination fees with your current provider. To qualify, you must switch to a Verizon Unlimited plan, purchase a new device, and trade in your old phone.
While this program can certainly be a helpful option for those looking to switch to Verizon, it`s important to keep in mind that there are some limitations and restrictions to be aware of. For example, the $650 reimbursement is paid out over a period of up to 24 months, in the form of monthly bill credits. Additionally, you must submit proof of your early termination fees to Verizon within 60 days of switching to the company.
It`s also worth noting that Verizon`s contract buyout program is not available to everyone. It`s primarily targeted towards customers of major competitors such as AT&T, Sprint, and T-Mobile. If you`re currently with a smaller or regional carrier, you may not be eligible for the program.
That being said, if you do qualify for the buyout program, it can be a significant money saver. By covering your early termination fees, Verizon is removing one of the major barriers that prevent many people from switching to a new provider. And with their expansive network and range of plans to choose from, Verizon may be the right choice for many consumers.
In summary, if you`re considering making the switch to Verizon but are hesitant due to potential early termination fees, their contract buyout program could be a helpful option to explore. Just be sure to read up on the program`s requirements and restrictions, and weigh the costs and benefits before making any decisions.