How do device payments work?
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When you buy a device with a payment plan, the cost is split into monthly installments. You're not locked into a long-term service agreement.You have the flexibility to pay off your device early and get a newer device.
For more details, see our Device payment agreement FAQs.
Intro
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When you purchase a device with a device payment agreement, the retail price of your device is divided into monthly installments.
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So a phone that retails for $799.99 stretched out over 36 monthly device payments would be around $22 a month.
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In the past, committing to a two-year service contract in exchange for a discounted phone was the norm, but now, you're not locked into a two-year service contract.
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This means there are no early termination fees, and there are no finance charges associated with paying for your device and monthly payments.
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And when you're ready for a new device, you have the flexibility to pay off the remaining balance of your current device anytime you want.
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Plus, if you use our device trade-in program, you can get savings by trading in your old device in good working condition.
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Here are a couple of other things that are good to know about purchasing a new device.
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A one-time $40 charge applies when activating or upgrading to a new device.
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If you want to return or exchange a device, you must do so within 30 days of purchase and a $50 restocking fee will apply.*
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It's always a good idea to have an equipment protection plan to protect your investment.
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You are personally responsible for the device payments, even if the phone is lost, damaged, stolen, or given away.
*Excluding Hawaii.