No, Verizon phones haven’t gotten cheaper, you’re just stuck longer

Source: Andrew Martonik/Android Central

If you’ve ever gone to a carrier store to buy a new phone, you know the deal. The sales staff establishes a new monthly rate for you, confirms it with the sales manager, and then informs you of all the wonderful new accessories you get in your package. One of the ways month-over-month prices have continued to drop isn’t by giving you better value in a competitive market; it’s about locking you in longer.

As discovered by droid life Verizon no longer offers 24 and 30 month payment plans on new devices sold by the carrier. Previously, customers at checkout could choose between paying for a phone with 24 or 30 monthly installments or simply buying the phone outright if finances allowed. Verizon ditched those options in favor of just two options, a 36-month payment plan or full retail price.

As noted by Verizon’s FAQ on this, if you signed up for a 24 or 30 month plan before February 9, 2022, you can still keep your old payment plan. For example, partners like the Google Store still offer the 30 month option if you purchase through this website. Apple still has the 24-month plan listed for its iPhones.

If you haven’t paid attention, the total price of the best Android phones can lead to sticker shock, with some high-end devices costing over $1,000. Carriers and manufacturers have made it easy to purchase these phones with monthly payment plans that can spread the cost over a few years.

The problem is that if the phone becomes unusable or you need to upgrade for some other reason, you’re still chasing the money. This means that if you want to leave your carrier for a cheaper plan, you have to pay for the phone before leaving. And no, it’s not like a rental where you can just return a phone in good condition to recoup some of the cost. When you sign up and receive the phone, you eventually have to pay for everything.

AT&T also uses 36-month plans for its device sales, which means its prices roughly align with Verizon’s new prices. For example, the $899 128GB Google Pixel Pro is $24.99 a month from Verizon, $26.12 a month from AT&T, and $31.25 a month from T-Mobile with a $149.99 down payment. . T-Mobile only offers 24-month payment plans. They all calculate the full retail price for the carrier (AT&T charges $40 more than the rest), but you’re stuck paying your expensive AT&T and Verizon plan for a full year longer than T-Mobile.

It should be noted that if you want to upgrade your phone sooner, you can do so by refunding the entire device. If you are an iPhone user, you may also be eligible for Verizon’s Advance Upgrade Program for iPhones. This program allows you to upgrade if you’ve paid at least 50% off your iPhone, restore the device to working condition, and purchase a new qualifying phone from Verizon.

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