Do you have cable internet? Do you own your cable modem or do you lease it from Time Warner or Comcast?
I never paid much attention to this item on my Time Warner Cable Internet but I was shocked when I found out something few days ago!
While shopping at Costco, I saw a new Motorola cable modem SB6141 for around $75! I bought that one and then I checked online on Time Warner website that this modem works with their service. I was happy that in one year, I would cover the cost of the modem. Every month, I have been paying $6 for the modem lease. Not a bad deal, right?
However when I was returning my old Cable modem to Time Warner, I realized how big of a fool I was! Not that $6 matters that much in my life but it didn’t go well with my engineering background and finance profession once I tried to find out the value of the modem that I had leased from Time Warner for the last 5 years! The modem that I was returning was Arris and the model was TM502G! When I checked online, the cost for a brand new modem was around $25 and there were plenty of sellers of used modem of this exact model number for $15-$18!!!
So this was like I was paying 40% of the current price of the modem every month!!! What a fool of me!!! If you are also leasing your modem from Time Warner cable internet or from Comcast, click on this link and buy your own modem. Stop paying every month for your modem.