AT&T Mobility Dumps Flat Early Termination Fees
Is this a true prorate?
(months done/total months in contract)*ETF
not ETF-(months done * $5)
Total months left in contract(ETF/Total months of contract)
Example:
Customer has signed a 2yr agreement, has been in contract for 13 months, and Service Provider charges a total 175 ETF.
11(175/24)=$80.21
With yours, it would look like this
175(13/24)=$94.79
(after typing all of this, I see that the only thing that would need to change in your math is to charge how long they where at in their contract to how many months were left. LoL)
sangyup81 said:
And I'm not talking about the $5 a month crap that VZW is doing that supposed to be so great. A true prorate will be
(months done/total months in contract)*ETF
not ETF-(months done * $5)
I agree that that would be better, but its hard to cry much about VZW's prorate considering that most carriers don't prorate at all, and give you a 'like it or lump it' flat ETF. 😲
My guess is ATT's prorate will be pretty similar to VZW's, but we'll see.
IE.. Say you have 6 months left in your contract and you want to bail.
$39.99 x 6 = $239.94
I'll take the $85 pro-rated ETF from Verizon for the remaining 6 months, please! 😎
A lot of lenders require you to pay eary pay off penalties. Phones could be the same way people!
so after 6 months, with VZW you'd get an ETF of $145 where if you were using a true prorate, you'd get $87.50
my only issue is if at&t doesn't use a true prorate after calling it a "prorate"
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