For a lot of iPhone 4 users that renewed their contract last year, they may owe as much as $245. To ease the pain, Verizon will be offering credit to AT&T converts for their iPhone. According to the Verizon trade in appraisal page, you can get a $245 credit for a 32GB iPhone 4 in good condition if you switch. That removes a pretty big chunk of AT&T's new and improved ETF. A 16GB 3G S iPhone will get $116 and even the original 16GB iPhone will get $28, nearly enough to cover your first month's data plan with Verizon.
If you are an AT&T customer with an iPhone and have been wanting to make the switch but didn't like the looming ETF that would hit your account as soon as you ported your number over to Verizon, does the trade in program change your mind? Is your trade in worth enough to make a difference?