T-Mobile iPhone 5 arrives on April 12 with $0 upfront cost for those trading in older models
In just two short days, T-Mobile will start selling Apple-made smartphones, for the first time ever. The most important addition to the magenta carrier’s portfolio will undoubtedly be the iPhone 5.
Back in March when T-Mobile announced the move, it priced the iPhone 5 at $99.99 upfront followed by 24 monthly payments of $20. However, the carrier has now revealed a trade-in scheme that could net you the iPhone 5 for $0 upfront (there’s no getting around the monthly payments, however).
So what do you have to do to get an iPhone 5 for ‘free’ upfront, just paying $20 for 24 months? Simply trade-in an iPhone 4S or iPhone 4. That’s it. The offer is going to be available until June 16, so you do have plenty of time to think about it.
But wait, there’s more! Depending on the ‘trade-in value’ of your old iPhone, you could even get an additional $120 (maximum amount) in credit which you can use to pay your monthly bills, buy accessories, or even to cover some of those monthly payments for the iPhone 5.
Obviously, getting the iPhone 5 for free upfront means using T-Mobile’s new Simple Choice plan, that comes with no annual service contract. So yes, you can ‘leave’ at any time, keeping in mind that you will need to pay all of those 24 monthly payments for the iPhone itself (though you could do that while using another carrier’s services if for some reason you decide you don’t like T-Mobile).
On April 12, the iPhone 5 will be available in T-Mobile stores and online at 9 am. It comes with LTE support, and T-Mobile has already rolled out an LTE network in seven metro areas (Baltimore; Houston; Kansas City; Las Vegas; Phoenix; San Jose, Calif.; and Washington, D.C), with more coming soon, since the carrier expects to cover 100 million people by mid-year, and 100 million more until the end of 2013. When there’s no LTE, TMo’s HSPA+ network kicks in, and this apparently already reaches around 225 million people.
In other T-Mobile and iPhone-related news, according to a leaked memo that was obtained by TmoNews, the magenta carrier has already seen more than 250,000 pre-registrations for the iPhone. Of those, 80% came from existing TMo customers. Now these aren’t pre-orders (which have started on April 5), but apparently the number for those is very similar – which would of course mean that T-Mobile is off to a decent start of iPhone sales. The aforementioned trade-in promo may help it convince even more people to get an iPhone 5 on the magenta network.