US Verizon has a new program offer for upgrading the iPhone every year. Verizon decided to stop its subsidized contracts, which prompted Apple to create its iPhone Upgrade Program. Verizon is now joining the party with its Device Payment option
Just like Apple’s iPhone Upgrade Program, Big Red’s model lets you trade in yearly for the latest iPhone on the market. That means you could buy the iPhone 6s or iPhone 6s Plus this year and automatically be eligible for an upgrade to the iPhone 7 and iPhone 7 Plus in a year’s time. Magic.
However, every time you upgrade you will have to start your 24 month payment installments again, effectively like starting a new contract. Of course, you could just opt to hold onto your iPhone for two years and upgrade it again for another 24 month deal, but you may as well just pick up the yearly new handset instead.
Verizon’s pricing plan offers a myriad of options, including the base model 16GB Apple iPhone 6s for $0 down (qualified subscribers only) and $27.08 a month. The 16GB Apple iPhone 6s Plus is also $0 down, and $31.24 a month. The 16GB iPhone 6 is $0 down and $22.91 a month, while the 16GB iPhone 6 Plus is $0 down and $27.08 a month. Finally, the Apple iPhone 5s is $0 down and $18.74 a month. All those deal are over the aforementioned 24 months.