Continuing with its Un-Carrier initiative T-Mobile announced today that it will offer the iPhone 5 with no money down with a special trade-in offer. T-Mobile will begin the offer starting Friday April 12, when the carrier begins selling Apple's newest handset.
The trade-in offer, which last through Father's Day (June 16), allows well-qualified customers who bring in an iPhone 4S or iPhone 4 to purchase an iPhone for $0 down plus monthly payments, without an annual contract.
The carrier also notes that depending on the perceived trade in value of the device, customers will also be able to receive up to $120 of credit; which can then be used towards monthly payments, an existing T-Mobile bill, or the purchase of additional accessories/devices. It should be noted that T-Mobile hasn't listed the criteria for evaluating these devices, and the carrier also has yet to note whether all of the devices evaluated will be accepted for the initial trade-in offer.
T-Mobile offers what it now calls a "Simple Choice Plan". The plan is a result of the companies break away from annual contracts. The plan starts with a base rate of $50 per month, which includes unlimited talk, text, and web with 500MB of data. Consumers can then add an additional 2GB of data for $10 per month per line or get unlimited data for an additional $20 per month per line. Adding a second line cost an additional $30 per month, with each additional line after that costing another $10 per month.
Pricing and Availability
The iPhone 5 will be available for purchase from T-Mobile nationwide starting Friday, April 12 beginning at 9am across all T-Mobile retailers, as well as T-Mobile's website. The device will be available with T-Mobile's Simple Choice Plan for $100 down and $20 per month for 24 months.
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