Planning to buy Metropass, but can't decide between monthly or yearly?

[pistolz]

Is it better to buy the monthly TTC Metropass for $125 or the TTC Metropass discount plan for $115? Which one do you have? Also if I wanted to get the yearly pass ($115) can I cancel my membership anytime? and will there be any fees that I'll have to pay if I do cancel? Any more info/tips would be appreciated. Thanks

[quanta]

The yearly plan (MDP) cannot be cancelled at anytime. It's a one-year contract you're locked into, and you need to call them 30 days before the end of that year to make sure you aren't automatically renewed for a second year. If you are sure you'll be using the TTC regularly for school or work for at least a year, it is a good way to save a few bucks.

HOWEVER, the best plan is the VIP plan. Not only is it payable month to month, it is cheaper than even MDP prices! The issue is you must be part of a group that is eligible for it. You need to sign up for it through your university/college/workplace *if* they have the VIP plan set up. For example, if you are a UofT student, you can buy a VIP Metropass somewhere on campus. You CANNOT buy these passes from the TTC.

Like a cellphone, think of MDP like a 1 year contract and VIP as a EPP plan.

[4seasonscentre]

This agreement is for a minimum of a 12-month period and will automatically renew on an annual basis thereafter. If the customer does not wish this agreement to be renewed then the customer shall notify TTC in writing at least 30 days prior to the next renewal date and, in such event, this agreement shall terminate on the last day of the month immediately before the renewal date. Should the customer cancel the agreement prior to the expiration of the initial 12-month period or during any renewal thereof, the customer agrees TTC will deduct from the customer’s authorized account, or any amended account given to TTC by way of written notice, the difference between the regular price of a monthly Metropass and the reduced monthly Metropass fee billed to the customer under this agreement multiplied by the number of months already passed during the initial 12-month period or any renewal thereof and will not exceed 11 months. No portion of any month’s Metropass fee shall be refunded to the customer. In the event of cancellation, should the customer return the monthly Metropass to TTC prior to the first day of the month to be covered by said monthly Metropass, a full month’s fee shall be refunded to the customer.

http://www3.ttc.ca/Fares_and_passes/Passes/Metropass/Metropass_MDP/Terms_and_conditions.jsp

This is the fine print. I would recommend the MDP plan if you plan on needing one for a year. Even if you aren't sure you can always exit early and pay the penalty. You don't have to commit a year at a time- it is month by month. You just need to commit to a year in order to get the discount.

The best part is you get your metropass in the mail :-) You also lock in the price. So the fares went up on Jan 1st but it won't take effect for me until my anniversary date of Sept 2012.

If your work has VIP, then do that instead because it's a better deal.