There are different carriers around that are not only offering coverage for cellphones, but their services go way beyond that. Verizon is one such carrier that also offers you to lease these phones or simply pay for them as a part of your monthly bills. This allows you to have the flagship or latest model of the phones that you want conveniently and you can pay for it as you continue using it with one of the best networks out there in the whole US.
However, if for some reason you decide to sell that phone while it is not entirely paid for, there might be some complications, and here are a few things that you will need to know about.
Can You Sell A Phone That Is Not Paid Off Verizon?
1. Finding a Buyer
Well, first things first and it will not be easy to find a willing buyer who is ready to buy a phone that is not paid for in full. Henceforth, you should not expect that you will be easily able to sell off a phone and get rid of it. So, you need to be careful about that and make sure that you only get the phone that you intend on keeping for the term until it’s paid off.
Another important thing that you need to know is that if the buyer that buys a phone from you that is not paid for in the full is a Verizon user and if they try to activate their account on the phone, it will be flagged and you will need to change the activation status on it.
2. Pay it Off
Well, in any case, the phone will be on your account and you will have to pay for the installments on your phone. If you are in urgent need of funds and you are unable to make them appear out of any other place, then you can try selling the phone and you can continue to keep paying for the phone later as part of your actual plan.
However, this might not be the best way to do it since the phone IMEI will be registered under your name and the owner will be stuck with getting support or transferring the phone until it is paid for in full.
3. The Best Way
Well, the optimal situation and the best way to get it done is to simply sell the phone if you are unable to find a way around it. Then, you can sell it off and pay for it in the full by what you will get by selling the phone. That is the optimal way to sell the phone and get some quick bucks and avoid the hassle for you and the new buyer both at the very same time.
This is going to help you optimally and you will not have to face any sorts of issues if you follow this course of action. Make sure that you get the phone unlocked by Verizon while paying for it in the full in order to use this on other carriers.