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Old 04-29-2009, 09:39 PM   #2
Peanut
First Line Centre
 
Join Date: Oct 2006
Location: Fantasy Island
Exp:
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How much longer is the contract for?

This kind of happened to us with an alarm system and we moved houses. The contract doesn't end for another 15 months or so, we asked about buying it out for a lump sum amount, but the buy-out fee is just the 15 months of charges added up and we pay for it today. So, since they aren't really giving a discount for the time-value of money aspect, we decided to just keep paying them the $30/month until the contract expires even though we're not actually receiving any service from them.

Annoying, but it doesn't really make sense to pay the buy-out fee since it would actually cost us more to do so.

So anyways, if it's the cheapest option to just keep paying them the monthly fee until the contract expires (even though you're not receiving their services), I guess you could always go that route even though it's not a great option?
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