Not one to be outdone by AT&T’s Next plan, which allows customers to pick up new phones with no down payments, T-Mobile has announced that for a limited time only, it will also let users to get a new smartphone for $0 down.
Of course, there is a stipulation: the money needs to be made up somewhere, so should users opt for $0 down, they must agree to monthly payments of anywhere between $5 and $27 over 24 months, and $27 is slightly more expensive than the highest monthly payment if customers plunk down money upfront for one of T-Mobile’s phones. The Apple iPhone and the Samsung Galaxy Note II, for example, are the carrier’s two most expensive phones and have monthly fees of $21 and $20, respectively, with a down payment. But with the new $0 down offer, they will both incur monthly charges of $27 (but on the other end of the spectrum, the cheapest is the Nokia Lumia 521 for $5 a month, which is the same monthly payment since the phone didn’t require a down payment in the first place).
T-Mobile declined to say in its press release when exactly the promotion would end, but it did stress that the timing works well for back to school, so it will probably be around for at least the next couple of months. The $0 down payment offer for all of T-Mobile’s devices begins tomorrow, July 27.