Re: Cancelling Nexus One triggers TWO "early termination fees"?

[Dave Farber <dave () farber net>]

Begin forwarded message:

> From: Wes Felter <wesley () felter org>
> Date: January 12, 2010 5:04:48 PM EST
> To: NNSquad <nnsquad () nnsquad org>
> Subject: [ NNSquad ] Re: Cancelling Nexus One triggers TWO "early  
> termination fees"?

> IMO it's time to treat subsidized phone agreements as what they  
> really are -- loans. Sure, this gets into banking regulation, but  
> shenanigans such as the Google/T-Mobile issue are exactly why those  
> regulations were invented. At least with a loan (1) you know exactly  
> how much you have left to repay and (2) you can get out of the loan  
> by repaying the remaining principal (not more).
>
> Wes Felter
>
>   [ When situations get this complex from a consumer/support
>     standpoint, it tends to be a red flag that something may be
>     amiss.  Even if the underlying pricing is sound and justifiable,
>     if the overall experience becomes needlessly complex nobody
>     comes out ahead in the end.  Whether formal loans are a better
>     solution than the current framework I'll leave to the Econ
>     wizards to ponder.
>
>     It's interesting to note that (as I recall) in Califoria the
>     cell phone industry didn't really take off until a prohibition
>     against subsidized contracts was lifted.  Prior to that, paying
>     full price for cell phones up front kept most people out of the
>     marketplace.
>
>       -- Lauren Weinstein
>          NNSquad Moderator ]



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