Send InquiryIn 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.
: 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)
: It requires a large one-time cash outlay, but your monthly bill will be lower because it won't include a device installment charge.
: The phone's full price is split into 24 monthly installments with 0% APR .
: Many of Verizon’s best deals (e.g., trade-in credits or "buy one, get one") are only available if you choose the DPP. These credits are typically applied to your bill over the 24-month term.
: You can pay off the remaining balance at any time to own the phone early. However, if you have promotional bill credits, paying off the device early or leaving Verizon will usually cause you to forfeit any remaining credits .
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