Is Verizon's $200 iPhone rebate for recent smartphone buyers worth it?
We mentioned the Verizon iPhone FAQ but recently Verizon's $200 rebate offer for recent smartphone customers is getting some extra attention:
Current Verizon customers who purchased and activated new smartphones, feature phones or certified pre-owned phones between 11/26/2010, and 01/10/2011, are eligible to receive up to a $200 Visa debit card when they purchase an iPhone 4 at full retail price by 02/28/2011 and return their existing phone. Note: This offer is only available on consumer accounts with five lines or less, who are purchasing iPhone 4 through Verizon Wireless retail stores, telesales, or through verizonwireless.com.
Before you get too excited, let's take a closer look at the math. The full retail price for the Verizon iPhone 4 is $649.99 for the 16GB version and $749.99 for the 32GB model. So this offer brings the totals to $449.99 for the 16GB and 549.99 for the 32GB - that's $250 more than the new contract prices. So before you jump-the-gun and take this deal because you must have the iPhone 4 on Verizon, consider selling your device on eBay if it is a new high-end smartphone - it may be better for your bottom line.
Anyone feeling buyer's remorse and planning to take advantage of Verizon's offer? Let us know in the comments or head on over to our Verizon iPhone Forum for extra advice!