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[Pricing] Gateway Router (g1100) - purchase

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I am renting the Verizon provided G1100 (quantum gateway) router for $10 per month. They would only sell it to me for $199.99 plus tax. I can buy one on Craigslist brand new unopened for $90. No tax. Locally, can be picked up today. How does it work on these cases? Would Verizon accept this? If yes, is it as simple as replacing the current router with the new one, and returning the "old" one?

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