trying to understand iphone upgrade options

I'm upgrading my iphone 4s to a 6s (64gb). Question is I have 3 options to choose from through Verizon and trying to understand the pros and cons of each.

1) A monthly payment plan would be $31.24/month for 24 months.
2) A 2 yr. contract would make the phone $299.99 + upgrade fee $40
3) Buying it full retail would be $750.

I should note that I'll probably upgrade in about a year to the iphone 7.

Seems like then the 2 yr. contract would be the best way to go, because with the payment plan I would be paying about $375 for a year, and the 2 yr. contract I would be paying $340 for a year.

I could also sell the phone in a year on eBay and get some money back.

Any reason though, why I would go the payment plan route...or even buy the phone outright at $750?

The only reason I can think where the payment plan would be good is the Applecare + (accidental damage coverage).

If I can sell it on eBay in a year though, seems like a 2 yr. contract is a no brainer here, right?

PS - I thought verizon was doing away with 2 yr. contracts, so not sure why I'm getting this option from Verizon.

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