T-Mobile announces trade-in offer that will reduce iPhone 5 down payment to $0Alex Wagner - Deputy Managing Editor, News Desk
Ahead of T-Mobile's iPhone 5 launch on Friday, the magenta operator has announced a new promotion in an effort to get a few more customers to pull the trigger on its official iOS smartphones. T-Mobile this morning revealed a new trade-in offer that allows customers to bring an iPhone 4 or iPhone 4S into their local T-Mobile store and receive an iPhone 5 for a down payment of $0. That leaves the buyer with just the monthly payments to take care of, which are set at $20 per month for 24 months. The iPhone trade-in could help take care of those as well, though, as T-Mobile says that, depending on the value of their trade-in, customers could receive an additional credit of up to $120 to put toward accessories or their monthly bill/payments.
The iPhone 5 will be available from T-Mobile starting on April 12 at 9 a.m. at all T-Mobile-owned stores as well as the carrier's website. The good news for customers interested in snagging a Big Magenta iPhone is that there will be plenty of time to take advantage of this new trade-in promotion, as it'll be running through June 16.
While some folks may prefer to sell an old iPhone on eBay or Craigslist to help pay for new T-Mobile iPhone, there's no doubt that this new trade-in offer from T-Mo is a quick and easy way to get rid of an older iOS smartphone while also saving some cash on an updated model. Are you planning on picking up an iPhone 4, 4S or 5 from T-Mobile once they hit store shelves?