With this option, you are technically financing the device, and it remains tied to your account until the payment term is complete. Device Payment Plans (EIP) The Equipment Installment Plan (EIP) allows you to pay for your phone in monthly increments over a set period, typically 24 or 30 months.
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This process can be done online through the Verizon website, where you input details about your phone to receive an immediate valuation. Once the device is paid off, you have the flexibility to upgrade again, sell the device, or keep it as a secondary phone.
The constant evolution of mobile technology means new features, faster performance, and improved camera systems appear regularly, making the idea of an upgrade feel both exciting and necessary. You pay a monthly fee for the phone for a period of one to three years, after which you return the device to Verizon.
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Upgrading your phone with Verizon is one of the most practical ways to ensure your device stays aligned with your lifestyle, work demands, and entertainment needs. This option is ideal for those who want to experience the latest technology without the long-term financial commitment of ownership.
More About How to upgrade your phone with verizon
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