Are you looking for the Vodacom contract cancellation fee? Vodacom is South Africa’s number one mobile network. Millions of people on the network are on contract. The one major advantage of taking a contract is that it allows you to get otherwise expensive gadgets, such as phones, on credit. It means you will only be making small monthly payments for the agreed amount of time. Contracts also come with data and airtime deals. Yet some people still wish to cancel. If you decide to do this, you will have to pay a penalty. So, what’s the Vodacom contract cancellation penalty?
Vodacom contract cancellation penalty
The Vodacom contract cancellation fee is roughly 75% of your monthly subscription times the number of months that remain on your contract. Additionally, you will also have to pay any amounts that may be outstanding for services already rendered.
The following is the formula for an estimate of your Vodacom contract cancellation penalty;
75% of (monthly subscription * number of months remaining on contract)
Examples of the Vodacom contract cancellation cost
The table below gives an example of what you can expect to pay as your Vodacom contract cancellation amount. These examples are based on what people who are on contract were asked to pay when they sought to end their contracts with the company.
| Gadget | Months remaining | Monthly payment | Cancellation fee |
|---|---|---|---|
| Samsung Galaxy Note | 12 | R1 355 | R12 195 |
| Samsung Galaxy S7 | 17 | R1 176 | R14 994 |
| iPhone | 5 | R987 | R3 701 |
Please note that the above is only a rough guideline. Each case will be different depending on a number of factors. If you have any outstanding amounts that you own to Vodacom, you will also need to add them to the Vodacom contract cancellation fee.
As you can see in the above table, it’s not really cheap to end your contract. There are a number of reasons for this. First, remember you will be in breach, so they will penalize you within the confines of the law.
Next, and probably most important, the majority of people sign contracts because they wish to get phones, laptops and computers on credit. This is something that we have already mentioned. A contract allows you to pay small amounts per month. That puts within your reach devices that would otherwise have been too expensive.
But there is a catch. The device that you get does not actually belong to you. You will be renting it till you have made full payment to Vodacom. And here is another funny thing, if you cancel your contract, the company will not agree to take back the device.
That’s only logical. If you have been abusing your phone, it will be of no use to anybody at that time. So, you are expected to pay the full amount for the phone that you got as part of your contract. That’s probably the major reason why the Vodacom contract cancellation cost can be so high.
You will be essentially reverting back to a situation where you are buying your phone or tablet or laptop for cash. So, it will cost you. And you cannot run away from this, unless you want to sally your credit score. Now, that’s something that you don’t want to do.
Factors affecting the Vodacom contract cancellation fee
The Vodacom contract cancellation amount is different from one person to the next. The following are the factors that affect how much you are going to have to pay if you decide to prematurely end your Vodacom contract;
- Duration of the contract. Some contracts run for 12 months while others run for 24 months.
- The number of years remaining on the contract. You may have seen from the above the the longer the amount of time remains on your contract, the more you will have to pay for cancelling. So, somebody with 18 months remaining will pay a lot more than somebody with 9 months left on their contract.
- Your monthly payment amount. The fee to paid is partly composed of the monthly payment amount times the number of months remaining.
- Outstanding charges for services rendered. Perhaps you have been using your phone for that month and you have not yet paid what you owe. That will add to the Vodacom contract cancellation cost.
Summary
In this article, we showed you the Vodacom contract cancellation fee. Many people wonder how much they are going to have to pay should they decide to end their contracts earlier than the agreed to period.
There is actually a formula for calculating what you will have to pay. We showed you that formula, which provides a rough guide of the amounts to be paid.
What happens when your Vodacom contract ends? Find out in the provided article. You can also leave comments below or on our forum. Our teams stand ready to answer them.