With the iPhone coming, what is the best way to get it only 7 months into my contract?

I don't really want to pay full price, which will probably run about $600.  I was thinking about just adding an extra line, possibly, to my account and paying an extra $50/month, and switching the iPhone to my primary number.  If I do that, maybe I can cancel the additional line after a few months and pay the fee?  Considered the cancellation of the current line and paying the penalty, but I guess you have to wait 60 days before you establish service and I definitely don't want that. 
How is everyone else going to get around this problem?

sookie1973 wrote:
I don't really want to pay full price, which will probably run about $600.  I was thinking about just adding an extra line, possibly, to my account and paying an extra $50/month, and switching the iPhone to my primary number.  If I do that, maybe I can cancel the additional line after a few months and pay the fee?  Considered the cancellation of the current line and paying the penalty, but I guess you have to wait 60 days before you establish service and I definitely don't want that. 
How is everyone else going to get around this problem?
The ETF on the second line plus the cost of the extra service will almost certainly make your proposal just as expensive as purchasing the phone outright.
At the 12 month mark, you should have one last annual upgrade coming, so I would wait for that.  I also imagine that Verizon will be announcing a few iPhone upgrade promotions because of high demand for the device.  So keep your eyes peeled and be ready to take advantage of any that apply to you.  Chances are that sometime between now and your 12 month mark, you'll be able to get a subsidized iPhone.

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