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That is how it works in Canada now. If you cancel your contract, you have to pay the remaining balance immediately. No fees, just the remainder.
by lbourdages 2y ago
That is how it works in Canada now. If you cancel your contract, you have to pay the remaining balance immediately. No fees, just the remainder.
- Marsymars 2y agoWell, kinda. Carriers can work around that by marking up the retail price so e.g. you have a $480 phone that the carrier sells for $700, or lets you buy for $20/m over a 24-month term with a promise to clear the $220 balance if you make it to the end of the term, so it's effectively a penalty if you cancel early.
- grahamj 2y agoYeah, or you spread the regular retail price over X months with no interest and the carrier takes the manufacturer subsidy. The real catch is that they typically require you to be on a high end non-BYOD plan, which keeps going up every year. I prefer to buy the device outright and minimize the plan cost.