Finish Phone Contract For Free

You'll have several options at the end of your plan ? also known as your commitment period ? including moving to a SIM Only plan, upgrading or cancelling your contract.

With a financing contract, you buy the phone, and if you sell it, you can use the money to pay it off immediately. With a lease, however, the phone is not yours to sell.

Your provider has to give you 30 days' notice if they're putting up the price of your contract. You have the legal right to cancel the contract within those 30 days without having to pay a fee. Contact the company and say you're cancelling within the allowed 30 days' notice of a price increase.

What happens when my phone contract ends? Your service doesn't switch off, your phone won't explode. No, what actually happens when your contract ends ? for the large majority ? is that you'll carry on with your old provider on the same old tariff. But you can do better than that.

Remember, when your contract ends, it means you've paid off your handset and it belongs to you.

Overview of Early Exit Fees Mobile NetworkEarly Termination FeeNotice Period*Tesco Mobile97% of remaining monthly charges30 daysThree97% of remaining monthly charges30 daysVirgin Mobile64% of remaining monthly charges30 daysVodafone98% of remaining monthly charges30 days5 more rows ?

Leasing company owns the phone That means that you can decide what to do with it, including whether to keep it or sell it to someone else. You don't have that option with leasing, unless you decide to buy the phone later.

Don't rush into a new contract However, once a contract ends, you've paid for your phone ? so if you simply continue to pay the same amount you are overpaying! That's because even when you don't choose to upgrade your handset, most network providers will keep charging you for the same bundle you originally agreed to.

You should hold on for at least two years. Yet that's unambitious. For some people the best time to replace is when the battery life is not enough to get you through the working day. For others it's when the operating system is no longer supported and there is a security risk.

You have two options: A) You can return the phone in good working condition. B) You can keep it and repay your Upfront Edge Amount which will be charged to your next bill.