Verizon's device Payment Plan Isn't A Great Deal

People who routinely replace their devices about every year might like Verizon's device payment plan, which separates installment payments for a device costing at least $350 from the service contract. 

But users looking to save money will be disappointed. The service plan is not discounted, so the installment plans don't appear to save users any money. In fact, since there is a finance charge, people likely will wind up spending more. 

The only advantage is that users can buy another new device in a year. Most people probably will just want to buy a subsidized device and take the contract.