Until June 16th, T-Mobile is offering a special trade-in offer that enables qualified customers to receive an iPhone 5 with $0 down. Customers who show up empty handed to buy Apple’s latest gen handset will have to plunk down $100, provided of course your credit score qualifies for such a deal. Either way, it’s way cheaper than AT&T or Verizon’s iPhone, which starts at $200.
You’ll of course be stricken to T-Mobile’s monthly plan, which requires you to make $20 hardware payments for the next 2-years. However, if your last gen iPhone (probably just the iPhone 4s) is in exceptional condition and/or your credit score is bonkers good, you might also receive a $120 credit good towards your monthly bills.
“Our message to iPhone 4S and iPhone 4 customers is simple: bring in your device and trade up to iPhone 5 on T-Mobile,” said Mike Sievert, chief marketing officer for T-Mobile. “We’re making it incredibly attractive to buy an iPhone 5 by pairing an un-beatable upfront price and trade-in offer with Simple Choice, the most hassle-free and affordable rate plan in wireless.”
T-Mobile’s iPhone 5 goes on sale April 12th, and will be available online and in store. For $70 a month you’ll get unlimited text, voice, and data. Pay $10 or $20 less and you’ll receive just 2.5GB or 500MB of data respectively.
It’s worth noting that T-Mobile is set to sell the HTC One and the Samsung Galaxy S4. They’ll likely be applicable to a trade-in program, though it’s not clear what you’ll get for your old gen handset, Apple or not.