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Yes you have. You "paid for it" when you signed the contract, to which you are obligated regardless of what happens to your phone. A mobile phone contract is
by amalcon 14y ago
Yes you have. You "paid for it" when you signed the contract, to which you are obligated regardless of what happens to your phone. A mobile phone contract is not a loan; the phone is not collateral. You can't choose to give back your phone in lieu of an early termination fee.
- anigbrowl 14y agoAnd the early termination fee is prorated to the outstanding term of your contract. The difference from (say) a car lease simply reflects the difficulty of repossessing your phone. Meanwhile, if you get tired of the contract, you just breach it and pay the ETF. then you can unlock your phone immediately.
- amalcon 14y agoNo; the difference from (say) a car loan reflects the fact that there's no lien created on the phone. That in turn may be because such a lien would be unenforceable. Still, the reason there's no lien is not relevant. Its absence is relevant.