After receiving a renewal offer from HKBN, many people are unsure whether it's a good deal. To analyse a renewal offer, you need to consider several factors: monthly fee, contract period, speed and quotes from other ISPs.
First, compare the monthly fee: see how much the renewal price differs from HKBN's new customer price. If the renewal price is higher than the new customer price, you definitely have room to ask for better terms. Secondly, compare other ISPs: find out which ISPs cover your building and what their quotes are. Having competing options gives you more bargaining power.
Also, pay attention to the contract period. If HKBN's renewal offer requires signing a 24-month contract, but other ISPs only require 18 months, you need to consider the long-term cost. Sometimes the flexibility of a short contract is more valuable.
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