Vodacom Contract Cancellation Fee – Vodacom contracts are soothing avenues that enable you to use your dream phone and pay at your own pace.
However, there comes a time when you would want to cancel the contract because probably you are fed up with the monthly payments that you are making to Vodacom.
At this point, you might be contemplating whether there is a contract cancellation fee that you would need to pay or not.
This article seeks to open up on the amount that you will be paying as a Vodacom contract cancellation fee if you decide to terminate the contract that you have with Vodacom so if you have questions in this regard kindly stay with me as you will have your answers at the end of this article.
Vodacom Contract Cancellation Penalty
Before you proceed to cancel your Vodacom contract, you must have it in mind that there is a price to pay. Well, this is known as the Vodacom contract cancellation penalty, and this is so because you cannot just begin something and stop midway expecting that nothing will happen, and even with that it does not make business sense.
The Vodacom contract cancellation penalty is not the same for everyone since different individuals took different kinds of phones. These different phones also have their own prices, and the only time two individuals will be paying the same cancellation penalty is when they took the same phone and with that, it will depend on the number of months left for each individual. If the number of months left is the same then they will pay the same cancellation penalty.
To make things clear, to determine the cancellation penalty, you must state the number of months left for your Vodacom contract to expire and also the monthly amount that you pay.
Knowing this just multiply the two figures and find 75% of it as that will be the cancellation penalty that you will pay. Additionally, if there are other charges due to the services that you were using, you will have to settle any debt that was incurred.
Examples of The Vodacom Contract Cancellation Cost
Since we have established what the Vodacom contract cancellation penalty is, we will be taking a look at some examples of the Vodacom contract cancellation cost. For instance, if you took the latest Nokia smartphone, and your monthly bill was R500. Let us assume that you have 8 months left for your Vodacom contract to expire. Now if we multiply your monthly bill which is R500 by the number of months remaining for your Vodacom contract to expire which is 8, we arrive at the total figure of R4000. Since you are canceling your Vodacom contract, then you will have no option but to pay 75% of that amount. So, in this case, you will be paying R3000.
With the above analysis, check out some of the Vodacom contract cancellation cost that you will be paying at different periods of your Vodacom contract if you decide to cancel your contract;
|Type of Phone
|iPhone 14 Pro Max
Factors affecting the Vodacom contract cancellation fee
We have earlier indicated that the cancellation fee that you pay when canceling your Vodacom contract is highly dependent on some factors and in this section of the article, we will be taking a look at factors affecting the Vodacom contract cancellation fee. With these factors, you will not be in the position to blame Vodacom for exhibiting favoritism because you heard or saw another person paying a lesser amount than the amount you paid when you canceled your Vodacom contract. The factors affecting the Vodacom contract cancellation fee are;
The price of the phone as well as the monthly subscription. At the time that you were signing the contract with Vodacom, maybe you opted for the latest phone, and the monthly charge was based on that price. When canceling the contract, the amount that you will be paying as a cancellation fee really depends on the amount that was agreed on as your monthly payment fee.
The second factor is the duration that you agreed you will use to pay for the phone. Mostly, Vodacom contracts run between 12 and 36 months. If you opted to pay for the phone in 12 months, then your monthly charge will be higher than someone who chooses to pay within 24 months or 36 months.
Another factor that greatly influences the Vodacom contract cancellation fee is the number of months left for the contract to expire. When determining the amount a contract customer will pay as a cancellation fee, the monthly payment amount is multiplied by the number of months remaining for the contract to expire as seen in the examples above. So, if you have a higher number of months left, then your cancellation fee will also be high.
The last determining factor is having any outstanding payments that you will need to make. If you have settled all payments prior to you canceling your contract then you will escape this.
How Much Does It Cost To Cancel a Vodacom Contract?
As mentioned in the previous sections of this article, the cost of canceling a Vodacom contract is dependent on several factors and these factors have been explained fully above. What this means is that there is no fixed amount involved when canceling a Vodacom contract. I hope the above explanation has really dealt with any questions that you had concerning how much it costs to cancel a Vodacom contract.
How long do I have to cancel a Vodacom contract?
Before you proceed to cancel your Vodacom contract, you must first notify Vodacom about your intentions. You can notify Vodacom through writing and this should be done ten (10) business days prior to you canceling your Vodacom contract.
Does Vodacom allow customers to cancel contract?
Vodacom, as a business entity, has made it possible for customers to cancel their contracts, however, this comes with some terms and conditions and if the customer is willing to obey these terms and conditions, then he or she can go ahead to cancel the contract.
When Can I cancel my Vodacom Contract?
The truth is you can cancel your Vodacom contract at any point provided you are willing to pay the costs involved when canceling your Vodacom contract.
Will I Pay A Vodacom Contract Cancellation Fee?
Yes, you will pay a Vodacom contract cancellation fee once you decide that there is no way you can continue with the Vodacom contract and that the only forward is to cancel the contract.