: On many plans, using a DPP or owning your phone outright results in a lower monthly line access fee (often $20) compared to the higher fees ($40) associated with old two-year contracts. Summary Comparison Buying Outright Device Payment Plan (DPP) Upfront Cost Full retail price + taxes Taxes on full price + activation fee Interest Rate Monthly Bill Lower (Service only) Higher (Service + Installment) Ownership After 24 months (or when paid off) Promotions Common (Trade-in credits, BOGO) Carrier Tie-in None (can leave anytime) 24-month commitment for full credits
: Since you own the device immediately, you are not tied to a 24-month repayment schedule and can switch carriers more easily. buy phone outright vs contract verizon 2017
: 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. : On many plans, using a DPP or
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. These credits are typically applied to your bill
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.