Verizon Wireless to eliminate one-year contract option on April 17th

Flash Foward to hmm, lemme guess.. Monday… AT&T will do the SAME exact thing.

this is retarded. i’ve always gotten 2 year contracts because i love verizon service and i could always do an early upgrade to a new phone after a year. since they got rid of the early upgrade, i bought my thunderbolt on a one year contract so i can upgrade if i want to after a year. now they’re taking that option away too. i love verizon, but this is really going to piss me off. they better make some other option(s) available to balance this crap out.

This sucks. If you own an iPhone though this isn’t a big deal. It has such a high resale value that you could easily sell your phone for like $500 or more and add in $100-$200, put that towards your next phone. As long as I keep an iPhone I see no reason for me to ever sign a contract again.

Anyone who dismisses this as no big deal is really missing the point. The reason one year deals were rare was because it cost more for the phone AND you didn’t get your NE2 credit, making it a pretty steep difference. Now that they did away with the NE2, they’re killing one year contracts because they would become more lucrative otherwise. Realize that $199 phones on 2-year contracts were only running about $269 for a 1-year contract. $70 extra to cut your obligation in half and make you eligible for a new subsidy in a mere 10 months was huge because the carrier was putting up double the subsidy for the same obligation (same per subscriber per month revenue with voice and data) over a 2 year period. Don’t think Verizon didn’t realize that, and that’s why it’s getting the axe.

Verizon: “Fuck the customer.”

Called VZW today and the guy was kinda ticked off by this move also. First they get rid of annual upgrades, now this. He suggest that i contact the VZW Headquarters Executive Relations Team. HQExec.Relations@VerizonWireless.com so i did. Im waiting on a response, really wanna see what they say. We should all shoot them an email.

Well that blows !! I only sign 1 yr contracts in the event I loose my job and the $40 difference w/ the 2 yr is far better than the $350 term fee you have to pay in case I cant afford the plan anymore.

Thanks Verizon. Blow me ……….first !

Geez, Verizon is the biggest carrier in the US. I can almost guarentee that they don’t give a crap if 58 people are outraged over this. Doesn’t even affect 98% of their customer base. Find something better to so with your time than complain about something this silly. Especially with the problems in the world right now

What? You have got to be kiding me. Is this a joke? Verizon was my favorite but after this it will be Sprint.

After getting the iphone verizon has just taken away all the perks. NE2, Early Upgrades and now even 1 year contracts!

Meh, i never saw the point of one year contracts they’re rather expensive and i don’t see the big issue being “tied” down for two years, why sign at all if you don’t want to be “tied” down, rather silly if you ask me.

In the 8 years that I’ve been with Verizon Wireless I’ve never even seen someone with a one year contract. You could always go to Rogers in Canada where they have 3 year agreements. Bahahaha! Seriously, Verizon isn’t a bad company. Every company has their faults…

If you don’t want a contract simply purchase a phone at full retail. Too much for you? that you can’t purchase… simple economics of living within your means. If any of you have worked in retail or with computers you would realize how thin to nonexistant the profit margin is. Take the sheer fact that rare metals are required for semiconductors found in cellular devices. These all come from China and require a 2 week process per batch to create. Yes, that phone actually costs 700.00 etc… Dealers many times do not carry the latest and greatest specifically because there is no room for them to make money on them. No Iphones at dealers anyone?

1 year deals was the reason I’ve stuck with VZW. I like having the option of yearly refresh. Oh well once my 1 year Thunderbolt contract expires next March, I’ll look at all providers for my next phone.

If I said what I was thinking about Verizon, it would be too profane, even for the Internet.

The phones these days are hit or miss. the thunderbolt with the bad battery or the fascinate that will never get froyo or flash. You are happy about being stuck with these for 2 years? This news blows.

Verizon is doing it wrong…With the way manufacturers are pushing devices out now, they should be pushing one year contracts more than two year. They will end up making more money in the long run rather than tying people down to the same phone for 2 years. Especially with how cheap phones are being made now. I have a feeling they may realize they’re screwing everything up and revert back to the option of a one year contract.

Get with the program, Verizon!

The beauty of a 1 year contract, is that you phone your only has to last 1 year. It’s a task making a phone last for 2 years, which is the reason for eliminating the 1 year contract. After 13 months the charging port requires you stand on one-leg with both arms in the air to charge the phone. They figure that in the 14 month you will get frustrated with the fact you can’t charge your phone forcing you to pay full price for a new one. It’s a win win for them. You purchase your second phone at full price, and they still have you locked in for 2 years, rather than a year. I am not sure how Canadians make a phone last for 3 years. They must truly be a gentle society. O yeah, they pay full price for two new phones during the lifetime of a contract

This is horrible! My contracts up May 29, 2011 and I was going to buy an Iphone 4 with Verizon from Bestbuy and get the buyback program and get the Verizon iphone 5 in September then in a year from September get the Iphone 6!

It’s funny how they say that one year plans were not that popular. I used to worked for verizon and I always was told to not offer one year contracts. I guess it’s a free country for VZW and not for us ? Any way I guess they just becoming more greedy after all.