Verizon Termination and phone pricing?

AnswerMan

New member
I really want to purchase the Motorola Droid Bionic form Verizon when it comes out in Q2 of this year. I have never owned a smartphone, so this will be a big leap for me and I am very excited.

There is one problem though. I recently purchased a feature phone from Verizon in November or December of this year.

There are two options now, I think. I can either buy the phone at full price (probably around $600). Ouch :( That seems pretty expensive.

There might be another option though. I could cancel my existing contract and pay the early termination fee ($175 I think). Then would it be possible to buy the Bionic at a subsidized price (probably around $150) and start a new contract?

Which is cheaper? I really have no idea. Is there another option which I have overlooked? Maybe I could somehow not have to pay the termination fee... I know wishful thinking, but could I? What should I do? I really want that smartphone!

Thank you so much! God bless!
 
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