We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

getting out of a contract...

chocolates
chocolates Posts: 85 Forumite
Hiya,ive recently upgraded my phone with vodaphone and taken out a new 18 month contract. Im got a Blackberry torch and am paying £45 apm which i can no longer afford. I had the phone for 2 months now. is my best option to sell the phone an dpay off the contract?? :)
Time to stop wasting money and start saving some!! :T
«1

Comments

  • Browntoa
    Browntoa Posts: 49,620 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    either sell on Ebay, Mazuma , cahsgenerators , CEX

    CEX sem to be offering more (possibly £200 ish)

    get down there early in the day and only accept cash
    Ex forum ambassador

    Long term forum member
  • keith1950
    keith1950 Posts: 2,597 Forumite
    1,000 Posts Combo Breaker
    Hi, to pay off the contract would cost £45 x 16 months = £720 so if you are financially able to pay that off you may a well just let the contract run. I am sure that selling the phone would not raise anywhere near that figure.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No, not that much, because if you buy it out you'll save the VAT.
    No free lunch, and no free laptop ;)
  • keith1950
    keith1950 Posts: 2,597 Forumite
    1,000 Posts Combo Breaker
    So that will still be around £600 then and possibly only £200 for the phone. Its still a lot of money to finish the contract .
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Indeed. One presumes that the OP knows that their finances are going to get worse, not better, over the next 16m.
    No free lunch, and no free laptop ;)
  • reduceditem
    reduceditem Posts: 3,057 Forumite
    Tell them you're moving to the Knoydart peninsula.


    They can't provide you a service there.
  • keith1950
    keith1950 Posts: 2,597 Forumite
    1,000 Posts Combo Breaker
    It's best not to make impulsive decisions, too many people react to a sudden change in circumstances, make a hasty decision and then a few months down the line find that they actually need the phone and end up taking out another contract. I think a considered decision is needed.Its just a pity its so early into a new contract.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Tell them you're moving to the Knoydart peninsula.


    They can't provide you a service there.

    Nice try, but it won't get you out of your contract-no 100% coverage guaranteed.
    Rockall is similarly excluded...;)
    No free lunch, and no free laptop ;)
  • reduceditem
    reduceditem Posts: 3,057 Forumite
    macman wrote: »
    Nice try, but it won't get you out of your contract-no 100% coverage guaranteed.
    Rockall is similarly excluded...;)


    Regardless, I know two people who were released from a contract after explaining they were moving abroad.

    May not work for everyone but it did for them (after a bit of persuading).
  • chalkie99
    chalkie99 Posts: 1,618 Forumite
    Part of the Furniture Combo Breaker
    macman wrote: »
    No, not that much, because if you buy it out you'll save the VAT.

    Just out of interest, where do you get that information from please?:question:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.1K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.7K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.