After ATT next 24, do I own the phone

[Ensyed]

we just made the last pmt on a 24 mth ATT next. About 869. I want to give this phone to my kid. I am assuming I own this now. Don't have to turn this in. Correct?
Thanks

 

[kupkakez]

It's yours

 

[ecschwarz]

Yep - it's yours. Next is generally poorly-explained, but if you complete it all, it's a 0% interest loan. If you trade-in early, you basically covered the cost of depreciation on the device.