: You agree to pay a fixed monthly amount over a set period, commonly 12, 24, or 36 months.
: You typically do not own the phone outright until the final payment is made. Once paid off, the device can often be unlocked for use with other carriers. Pros and Cons of Paying Monthly Learn About Smartphone Installment Plans - AT&T buy phone pay monthly
: A standard carrier contract often combines the cost of the handset with "airtime" (calls, texts, and data). Some providers now separate these into two distinct bills so you can see exactly what you are paying for the device versus the service. : You agree to pay a fixed monthly