Does Fido Promo Device Pricing Calculation Make Sense?
Would you naturally think it's $24.99 per month + local tax rate?
For example: $24.99 (advertised monthly cost) + $3.74 (QC sales tax) = $28.73 monthly after tax.
Total device cost after 24 months of financing is $28.73*24=$689.52
Actually Fido calculates it differently.
$53.54 (monthly cost) + $8.02 (QC sales tax) = $61.56 (monthly cost) - $28.55 (monthly discount) = $33.01 monthly after tax.
In reality the total cost of the device after 24 months, after tax is $792.24
That is an increase of $102.72 or an additional 15% to the advertised price.
I ended up miscalculating the total cost of the phone initially and just wanted to make people are aware of the math Fido will use.
It isn't as simple as advertised promo device price plus sales tax...
Personally I think it's misleading. What do you guys say?