Well as four Buying it out i would say No! But you can however at the time that your Contract Expires an goes month to Month you could then Transfer your Phone No. As Verizon can Port it Over. Now if you could Buy out your contract Meaning pay the Early Term Fee you could Do it Now..But since you have just 4 months to Go i would wait as Verizon will be introducing some More smart Phones. Just 3 weeks ago they stated an it was put in a article on droid-Life that there smart phones they were going to Build for the Last 3 Quarters of the Year were going to be 4G only Phones an the I phone 5 will probably come out in September or October..