RARPSL
join:1999-12-08
Suffern, NY
| reply to nmarrion
Re: Sprint do not pro-rate ETF
said by nmarrion  :Some, not all, wireless providers pro-rate their ETF. Calling what the providers offer "pro-rating" is a lie since it is actually only discounting the remaining amount due if the contact is ended early. For it to be true pro-rating, the reduction per month must be set at a value where the sum of the reductions by the end of the term must equal the original amount.
IOW: If the EFT is $240 and the term is 24 months, you reduce the remaining EFT by $10 each month.
I question the EFT amount also since I feel it is set too high. The providers claim it is to reimburse them for giving me a discount on the handset but the difference between the price of a "free" (or discounted) handset and buying it outright from the provider is less than the EFT that they claim they are owed due to me not buying the handset but them selling/giving it at a discounted/subsidized price. |
