Carrier Verizon - What happens if I don't turn in my phone?


i'm verizon , have iphone 7 plus. want iphone x , have trade in phone or pay right @ $400 keep mine.

happens if go online in morning order iphone x , don't turn in phone? billed original $400 fine me (i wasn't going iphone x didn't put money it) because can pay next payday, or tack on sort of penalty fee?

know wait until can pay don't want wait months iphone x , know happen if don't order opening night. want know happen if don't turn in iphone.
 

when preordering x, big red give option pay off iphone 7+.
 


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