“If I pay in full at first shot , is it going to be 420$ (15.41$ per month) or 756$ ?”
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You would pay the full cost of the phone if you paid for it up front. If the phone happens to be on sale, great! However, part of the sale fine print that I saw said that the amount off is spread out over the course of two years. If you paid the phone off early, you would actually lose the sale promotion. Talk about a racket! The only way to lower your monthly cost, if you opt to utilize a sale and don’t want to pay in full when purchasing the phone, is to apply a down payment. This can ONLY be done at the time of purchase. I actually tried going to Verizon to pay down the amount due on my phone and was told they could only accept full payments, not partial payments. The bottom line though, the amount you pay is based on the full cost of the phone. The good news is, if you do finance through Best Buy, you only HAVE to pay the taxes up front. There isn’t any interest charged for utilizing the full two years to pay it off. If you choose to apply a down payment when you purchase, that will lower your monthly charges. Be aware, the sales guys will mention making a down payment, but they also gloss past it. They won’t spell it out as I have done. So if you don’t state up front that you’re planning to make a down payment, you may miss it. I did, twice.
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