| sethnintendo said: Sneaky bastards... Pretty damn high charges for Live. What happens if you cancel/can't pay for Live later on? Are they going to repo the console? Repo Wars: 360 edition |
First, the program isn't new. It's been going on for sometime now. It may even be a year.
Second, they don't reposes your console. If you cancel the LIVE service, then you have to pay a prorated cancellation fee. Regardless of how long you have it, the cancellation fee equates to roughly the same amount as the console would cost at retail.
Actually, the program works out very well for people who have limited funds. it takes 21 months compared to 13 before your cost of investment is equal to that of someone who purchases the console outright and subscribes to two years of live. The cost for doing it that way equates to .4% per month over 24 months or 4.75% APR.
