Those who've already pre-ordered any of the two new iPhones and elected the Device Payment option are automatically enrolled in this program, Verizon said in a press release, adding that those not willing to upgrade can can pay off the full price of their iPhone in 24 monthly payments.
"That’s a better option than those lease plans offered by other companies, which can include surprise balloon payments just 18 months into your agreement, or ask you to turn over your phone without getting anything for it," the company said.
It's worth mentioning that other major US carriers are already offering similar plans. For those who aren't in the know, Apple has also announced the iPhone Upgrade Program earlier this month.
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