A:- You can buy a phone outright by paying the full price upfront. But if there's a discount, like $200 off, you might need to use the payment plan. Here's why: Verizon gives you the discount in chunks on your monthly bills, like a $5 to $50 credit each month until your phone is fully paid for. It's kind of like making a little deal with them. You agree to stick around for a while, and in return, they give you these monthly discounts. But, here's the cool part – if you want, you can pay off the whole phone early if you feel like it. So, you have some flexibility!