Can you afford Nexus One's $550 early termination fees?

Previously we talked about Verizon's pricey $350 early termination fee, but Google's Nexus One may have it beat.

That's because both T-Mobile and Google can charge for early cancellation. T-Mobile's ETF is $200 for canceling any time in the first 18 months of its two-year contract. Google can also charge its own $350 "equipment recover fee" for those buyers who cancel their contracts in the first 120 days. Although the phone and T-Mobile have a 14-day risk-free trial, if canceled within three months, users would be expected to pay out $550. The Nexus One without a contract, or an unlocked phone, retails for $529.

A Google spokeswoman said the equipment recover fee is standard practice for third-party resellers.

T-Mobile ETFs drop to $100 after 18 months and down to $50 with less than three months left on a two-year contract.

So, if you want a Nexus One, make sure you intend to keep it for a while or it's obviously not going to be worth the money.