With the rapid development of highways, ETC (electronic non-stop toll collection system) has become an essential tool for many car owners to travel. However, when some car owners no longer need to use ETC, they find that they need to pay a penalty of 200 yuan for cancellation. This makes many car owners feel very incomprehensible and think that it is an additional burden. So, is it feasible to just throw away the ETC?The old driver will tell you the answer.
First of all, we need to understand why you need to pay liquidated damages for canceling ETC. When applying for ETC, the owner needs to sign a user agreement with the bank or ETC service provider. The time of use and liability for breach of contract are clearly specified in this agreement. Normally, the user agreement will stipulate that if the user has been used for less than three years (or in some cases, less than two years), a penalty will be paid. This is because banks or ETC service providers will offer some preferential activities to car owners in order to promote ETC business, such as giving away free ETC equipment. Therefore, when the owner writes off after a period of use, he needs to pay the corresponding liquidated damages to compensate the bank or service provider for the loss.
So, is it feasible to just throw away the ETC?The answer is no. Because if the owner throws away the ETC directly, the following problems may arise:
Fines: If the car owner is in arrears during the use of ETC, the bank or service provider has the right to recover it. If the car owner does not make the retroactive payment, it may incur fines and even affect the personal credit history.
Safety risk: If the owner does not dispose of the ETC device properly after throwing it away, it may be picked up and stolen by others. This not only leads to property damage to the car owner, but can also pose a safety risk.
Cancellation problem: If the car owner does not cancel it in accordance with the regulations, it may affect the credit history of the car owner, and even create obstacles when applying for ETC next time.
Therefore, the owner should cancel the property in accordance with the prescribed process and pay the corresponding liquidated damages. Before canceling, the owner should understand the specifics of the user agreement in order to better understand the cancellation process and related fees. At the same time, car owners can also consult with their bank or service provider about the cancellation process and related policies to avoid unnecessary trouble.
In conclusion, it is not feasible to just throw away the ETC. The owner should cancel the property in accordance with the prescribed process and pay the corresponding liquidated damages. This avoids unnecessary hassles and losses.