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Verizon Moves to Three-Year Phone Financing

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Feb 7, 2022, 12:17 PM by Rich Brome

Verizon has lengthened the term of its phone financing plans. While customers could previously choose to pay for a new phone in monthly installments over 24 or 30 months, the only option now is 36 months, a full three years. This aligns with recent changes by AT&T, while T-Mobile still offers financing over just two years. Customers can still choose to pay full retail price for a phone upfront to avoid a contract. Verizon's financing plans are zero-interest and do not require a down-payment, although an activation fee usually applies.

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