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Mr Matt

join:2008-01-29
Eustis, FL
kudos:1
Reviews:
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Bullies!

The ETF should be the purchase price of the handset minus the initial price paid reduced by 1/24th of the unpaid balance each month on a 24 Month Contract. Initial price of a handset should be FMV not some inflated price. The ETF should not exceed the purchase price of the handset minus the amount paid when the contract was initiated.

jjeffeory

join:2002-12-04
USA
Very reasonable and something that should be done.


88615298
Premium
join:2004-07-28
West Tenness
reply to Mr Matt
said by Mr Matt:

The ETF should be the purchase price of the handset minus the initial price paid reduced by 1/24th of the unpaid balance each month on a 24 Month Contract. Initial price of a handset should be FMV not some inflated price. The ETF should not exceed the purchase price of the handset minus the amount paid when the contract was initiated.
Yeah I'm not sure why some people here have a problem with deducting 1/24 of a ETF per month which is more reasonable than $10. Logic says if you have a 24 month contract that the ETF should be 1/24 per month. So it should be $14.58 per month not $10. And actually like you say the ETF shouldn't be higher than cost the phone. If it's a $100 phone there is no justification for a $350 ETF.

iansltx

join:2007-02-19
Austin, TX
kudos:2
reply to Mr Matt
Absolutely.

thevorpal1

join:2007-11-16
Alexandria, VA
reply to 88615298
said by 88615298:

said by Mr Matt:

The ETF should be the purchase price of the handset minus the initial price paid reduced by 1/24th of the unpaid balance each month on a 24 Month Contract. Initial price of a handset should be FMV not some inflated price. The ETF should not exceed the purchase price of the handset minus the amount paid when the contract was initiated.
Yeah I'm not sure why some people here have a problem with deducting 1/24 of a ETF per month which is more reasonable than $10. Logic says if you have a 24 month contract that the ETF should be 1/24 per month. So it should be $14.58 per month not $10. And actually like you say the ETF shouldn't be higher than cost the phone. If it's a $100 phone there is no justification for a $350 ETF.
The point is the ETF needs to be reflective of the purchase cost rather than an arbitrary figure.

If you set the ETF at $24000, then even at a 1/24 reduction per month even the last month is punitive rather than used as restitution. SO the figure must be based on actual costs to prevent this abuse.