Today, your primary options at Verizon are buying a phone outright or using their financing program, known as the . Buying Outright Cost : You pay the full retail price of the phone upfront.
: It requires a large one-time cash outlay, but your monthly bill will be lower because it won't include a device installment charge. buy phone outright vs contract verizon 2017
In 2017, the landscape for buying a phone at Verizon shifted significantly as the carrier for new and existing customers on January 5. This move marked the end of the "subsidized" phone model, where you could pay a lower upfront price (e.g., $199 for a new iPhone) in exchange for a locked-in two-year commitment. Today, your primary options at Verizon are buying
: The phone's full price is split into 24 monthly installments with 0% APR . In 2017, the landscape for buying a phone
: Since you own the device immediately, you are not tied to a 24-month repayment schedule and can switch carriers more easily.
: Some third-party retailers or specific store policies may discourage or even block outright purchases because they prefer customers to use financing plans. Device Payment Plan (DPP)