How to break my AT&T contract and still get a discounted upgrade?

So, my AT&T contract ends in October, and I'm eligible for a full upgrade on May 12th, this year.

Now, on the 12th, I wanted to upgrade to an iPhone 5 for the discounted price of 200 dollars, instead of purchasing it full price. However, if I do this, I'll be renewing my AT&T contract for another 2 years, which I don't want to do.

So my question is, can I get the iPhone 5, then break my contract, THEN get prepaid with AT&T? If so, how much would it be to cancel per line? (I have 4 lines, including myself.)

I wouldn't suggest doing that at all.
Breaking your contract(s) will cost up to $325 per line, with a reduction of $10 per month, per line.
Breaking your contract(s) could potentially(and more than likely) impact your credit score, as well as disallow the use of the number that was previously on the line.

So, it is possible, but not recommended.
It'd just be best to pay outright for the iPhone 5.

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