Quote:
Originally Posted by Ludepower
This is the exact same quote I got as well from Fido to customer with grandfathered contracts. To keep my $55 contract and not be forced to their minimum contract I wont get the full subsidize price.
Im still waiting on the exact price for phone an iPhone 6+ 64gb half subsidized. In return they'll get my loyalty for 2 years.
Ill keep you guys updated if I should keep my $55 plan for half subsidized phone.
or switch to the $65 plan for full subsidy.
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The subsidy is $484 on every phone. So, 1/2 of that is $242. For $10 more per month or 24 x $10 = $240 you don't have to pay that $242. So, you are ahead $2 (plus the time value of money which is just less than $3 after tax). The $65 plan is better in terms just of money but only by a hair. However, there is one more thing to consider:
Once you renew at $65 you won't be able to go back to $55 when the contract ends. If you stay at $55 then when the contract ends you can stay at $55 on a monthly basis.
I would stay at $55 and shell out the extra cash.