AT
Just pay off your damn SONAR payments and you'll have a fully functional SONAR tho you won't get future improvements after the 12 month period. Exactly like buying SONAR X3 in the box and putting it on a computer with free updates. If you take up Cake's payment plan and don't make the final payment(s) you get demo mode. Just like a car or anything else you buy on credit, you have to pay it off.
Most people who buy a car or a house do so using a loan with the purchased object serving as collateral against payment of the loan. Failure to make a payment typically triggers a seizure of the object, but not a loss of all equity in it. A sheriff's sale of a house seized for mortgage default often nets more than the remaining loan principle, and after deducting principle, seizure and sale expenses and contractual penalties, the amount left is returned to the borrower.
In this case, your Sonar license has no re-sale value, so to that extent, the comparison effectively still applies. One clear difference is that you are not able to reclaim use of your seized collateral property by the expedient of making a new single monthly payment. It would appear that in the case of Sonar membership lapsing, you can start your membership anew, and open your existing projects in a new version without having to pay Cakewalk any back payments or fees.
The more apt analogy would be an eviction from an apartment for nonpayment of the rent. The difference is that, in the real world, it would be an unusual landlord who would let you move back in at the same rent if you had been evicted in the past.