Like most people, I keep hearing about this ETF program Tmobile has. I'm interested. I'm currently with Verizon and have a "like new" Samsung Galaxy S4.
What are the exact steps a person needs to take for this program to work?
Let's say my ETF is $350 with Verizon. Do I have to pay that cost out of pocket and then wait up to two months for a refund? The "estimator" values my phone at $145.00. Do I simply take this to a store, they give me a real value, and it is instantly applied to the purchase of a new phone as long as the other conditions are met? Obviously, my goal with switching to T-Mobile is to save money. The rates are cheaper and this program would allow me to obtain the Nexus 5 at a discounted rate (compared to Verizon). Doing the math, my total out of pocket expenses on the day of the switch would be...
Verizon ETF: $350.00
2.5Gb plan +SIM + JUMP! +taxes....about 85$
Nexus 5 (assuming I get $145 for the S4) : $227.00
Why is T-Mobile charging $396when Google wants 349 for the same phone?
Total Cost:$662.00
Please tell me I'm wrong about this.
Sure, T-Mobile will save me about 20 bucks a month, but that is a huge a mount of money to put up front to switch.
Any informed comments are welcomed and appreciated.
Thank you.