No more 3 year Cell phone plans
Now that June 3 has arrived and 5 million+ Canadians have been freed from their contracts, are you one of these people?
Last month I had $150 left to buy out my contract. June 3 came and I'm free to go elsewhere if I want. I have been getting text messages and calls from Bell saying to sign a contract with them and get a special bonus offer of $100off towards a new phone.
A friend who works at Rogers was saying cellphone companies will NOT allow you to keep your current plan if you do a hardware upgrade. Reason being they have to tack on another $20+/month to the plan to help pay off the phone within 2 years compared to 3. So pretty much you lose your plan and have to pick a new one which they have jacked up the price to help pay off the phone.
He was saying If you can do a simple math you don't need to deal with hardware upgrade. check where can you save if you signup for another 2 years or buy the phone outright
Example:
keep my existing plan and buy the phone straight out.
$50 * 24 months =$1200+$800 iPhone 6 = $2000
renew my contract with phone upgrade @ $90 retention plan
$90 * 24months =$2160+$299 iphone6 =$2459