I have read this in several posts: "For the first 90 days after service installation, you pay $400 to break the contract. After that, the amount goes down by $15 every month ($385, $370, etc.)."
If the termination fee doesn't start decreasing until the 4th month and it takes 26 months to work it down, then including the first 3 months that would be 29 to 30 months total.
I understood I was under a contract for 24 months then I could leave. How does this all work out? I had the Gen5 upgrade done on 6-6-18 so where does that put me at for an early termination fee?
Thanks,
Jerry
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The Early Termination Fee is just like you read. It's $400 for the first 90 days, then $15 less each month thereafter. The contract is for 24 months.
The problem is you're working it down to the last month having an ETF of $15. It doesn't. The 24th month's Early Termination Fee would be something like $85. After that 24th month the contract is over, and you can cancel with no ETF.
Edit: I forgot to add that only the reps can tell you the exact amount for your ETF right now, but it's most likely somewhere around $265.
The Early Termination Fee is just like you read. It's $400 for the first 90 days, then $15 less each month thereafter. The contract is for 24 months.
The problem is you're working it down to the last month having an ETF of $15. It doesn't. The 24th month's Early Termination Fee would be something like $85. After that 24th month the contract is over, and you can cancel with no ETF.
Edit: I forgot to add that only the reps can tell you the exact amount for your ETF right now, but it's most likely somewhere around $265.
Thanks. Makes perfect sense now.
Jerry
You're very welcome.
Hi Jerry!
Welcome to the community, thanks for posting. Gabe's explanation is correct! The 24th month's ETF is $85, but once you're beyond 24 months, there is no ETF. If you have any other questions or concerns, let us know, we're here to help.
Thanks,
Liz
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