pro-rated terminated fee
my dad signed a 2 year contract that doesnt expire until 2/09 is he choses to terminate the contract in 2/08 does anyone have an idea how much he would have to pay for his early termination fee?
thanks!
thanks!
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it is five dollars for every month...however, there is a floor. I don't think you can go lower than $120. Thats what the verizon rep told me recently over the phone.
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How exactly would you expect to go lower than $120 on a 2 year contract? Please enlighten me.
5 x 12 = 60 x 2 = 120
5 x 12 = 60 x 2 = 120
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120 would your be your buyout....so your lovely little equation is incorrect.
When your termination fee hits 120...you cannot go any lower.
When your termination fee hits 120...you cannot go any lower.
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I don't think that's correct. It's $5 a month until the end but it will never get to $0 unless the contract is up. The most savings would be $120 at the very end and by then the contract would be up. I would think like 15 months in would get $75 off for an ETF of $100.
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No guey. Take it from the VZW masters in this forum. The $5/month prorate stops after the 12th month. After that if you want to keep going on, then you'll be reset back to the standard fee, $175.
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Well that makes no sence at all. If it went down $60 during the first year it isn't going to suddenly jump back to $175. At the very least it would stay at the 1 year rate. I think it keeps going though.
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I work in cus care and I can guarantee you that we take 5.00 for each month until the end of the contract not the end of the first year. There is no floor on the 5.00 off it just means that if you have a one year contract you could only get 55.00 off if you cancelled 11 months into the contract because the twelfth month you would be out of contract.
If you have a 24 month contract, you could only get up to 115.00 off if you completed 23 months of the 24 month contract.
So when you are talking about an ETF of 120.00 with a one year you are talking about someone who has completed 11 months of the 12 month contract and then cancelled early. 60.00 for a ETF for a 2 year contract would be someone who cancelled 1 month shy of their 24 mont...
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If you have a 24 month contract, you could only get up to 115.00 off if you completed 23 months of the 24 month contract.
So when you are talking about an ETF of 120.00 with a one year you are talking about someone who has completed 11 months of the 12 month contract and then cancelled early. 60.00 for a ETF for a 2 year contract would be someone who cancelled 1 month shy of their 24 mont...
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Finally, someone who has it right!!!
It must also be explained that NOT EVERYONE is enrolled in the variable ETF program. There are still some acct that will be charged the entire $175. It all depends on when the most recent contract effecting change took place on the acct. I have seen numerous family share accts that have 1 line with a $175 ETF and the others with a lowe amount. All depends on when the last contract was established. Cant remember the date the Variable ETF took place.
It must also be explained that NOT EVERYONE is enrolled in the variable ETF program. There are still some acct that will be charged the entire $175. It all depends on when the most recent contract effecting change took place on the acct. I have seen numerous family share accts that have 1 line with a $175 ETF and the others with a lowe amount. All depends on when the last contract was established. Cant remember the date the Variable ETF took place.
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Actually, it can go lower. The 120.00 ETF would be if they cancelled 11 months into their contract. On a 2 year agreement, they continue to take 5.00 off until the 23rd month.
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I meant lower than $120 off. Not higher.
I said that wrong, meaning...
No more than $120 off.
I said that wrong, meaning...
No more than $120 off.
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So I just got a call from a customer who wanted to know how much it would be to disconnect. According to our systems here, it would be $75. So I have 2 things to say:
1. That pretty much showed me that the ETF does keep getting reduced by $5 even after the 12th month, meaning my earlier post was incorrect and
2. That's pretty awesome!! I would love to disconnected with an ETF of $75 instead of $175.
Metal to the Pedal \m/\m/
1. That pretty much showed me that the ETF does keep getting reduced by $5 even after the 12th month, meaning my earlier post was incorrect and
2. That's pretty awesome!! I would love to disconnected with an ETF of $75 instead of $175.
Metal to the Pedal \m/\m/
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