T-Mobile Now Offering iPhone 5 for $100 Down

Rejoice T-Mobile and Apple fans, the iPhone 5 is finally here. Starting today T-Mobile is now offering Apple's smartphone.

The carrier is offering the handset in line with its new "Simple Choice Plan", which means no annual contract, but it also means no subsidies. Users won't have to shell out the full price of the iPhone 5 on the spot, though. Instead Tofferings s letting customers get the handset at $100 down with $20 monthly payments for 24 months.

T-Mobile also has a promotional trade-in offer for older models of Apple's signature handset. The carrier will offer the iPhone 5 at $0 plus monthly payments with the trade in of an iPhone 4 or iPhone 4s. The promotion is available to consumers now and lasts throughout Father's Day (June 16).

For more information on Apple's newest handset be sure to see our full review of the iPhone 5.

New Plan

T-Mobile will offer the iPhone 5 under its new Simple Choice Plan. The plan does not include annual contracts and starts with a base rate of $50 per month, including unlimited talk, text, and web with 500MB of data. Users can also add an additional 2GB of data for $10 per month per line or get unlimited data for an additional $20 per month per line. A second line can be added for $30 per month with each additional line after that costing another $10 per month.