T-Mobile Announces $0 Down iPhone Trade-in Offer For Switchers

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T-Mobile USA is going all out to get customers from its rival. With just over two days to go for the iPhone launch on its network, T-Mobile has announced a trade-in program to make it extremely attractive for existing iPhone users to switch from another network.

Normally, customers have to pay $99 up front to buy iPhone 5 on T-Mobile’s network and an additional $20 a month for two years, on top of the phone and data plan.

With the new trade-in offer, customers who have an iPhone 4S or iPhone 4 don’t have to pay $99 up front and they also get additional credit of up to $120, which would reduce the monthly installment to just $15 per month for two years.

T-Mobile’s chief marketing officer had this to say:

“Our message to iPhone 4S and iPhone 4 customers is simple: bring in your device and trade up to iPhone 5 on T-Mobile. We’re making it incredibly attractive to buy an iPhone 5 by pairing an un-beatable upfront price and trade-in offer with Simple Choice, the most hassle-free and affordable rate plan in wireless.”

It was already cheaper to buy iPhone 5 from T-Mobile (it worked out to just $579 instead of $649 for an unlocked iPhone 5), now with the trade-in offer, iPhone 5 will cost a customer switching from another network just $360.

The trade-in offer is valid until June 16. The credit of up to $120 can be used toward monthly payments, an existing T-Mobile bill, or the purchase of accessories or another device.

I still think that if you’ve an iPhone 4S or iPhone in good condition, you will get a better deal if you sell it on sites like Gazelle, NextWorth, eBay, Amazon etc.

What do you think of T-Mobile’s trade-in offer? Do you plan to switch?

T-Mobile via: NYT

  • Israel

    So the trades are for iphones 4 ans 4s or any other device?

    • http://www.iphonehacks.com iPhoneHacks

      It’s only for iPhone 4S and iPhone 4.

  • Nhân Phan

    I believe it will be cheaper to sell your 4S online and use that money to buy your iPhone 5.

    • http://www.iphonehacks.com iPhoneHacks

      Agreed!

  • Tom

    If it wasn’t so close to the iPhone 5s, I think I would jump on this with my kids line and turn in my old iPhone 4.

    • http://www.iphonehacks.com iPhoneHacks

      Agree, makes sense to hold off!

  • Dave

    Their plans are cheap but boy their network is sloooooow

    • dmagic1

      I don’t know where you checked but my iphone 4 pulled 6meg down and 4 up in Atlanta where you can get 3G on tmobile already.

  • Apel P

    Will they give that money to existing users with an iphone 4?

    • http://www.iphonehacks.com iPhoneHacks

      You mean existing iPhone 4 customers on their network? Nop, this is only for switchers.

  • Guest

    Let me get this straight, so if I trade in my iPhone 4, and would not have to pay the down payment, PLUS I get an additional upto $120 credit? That would mean in 2 years, I would only be paying the service of $75 (90-15 per the article) which would only cost me $1800?! This might make me switch to T-mobile from Pageplus!

  • Vincent Jimenez

    Let me get this straight, so if I trade in my iPhone 4, I would not
    have to pay the down payment, PLUS I get an additional upto $120 credit?
    So its like the iPhone 5 is free and you get $120 credit? That would mean in 2 years, I would only be paying the service of $75
    (90-15 per the article) which would only cost me $1800?! This might make
    me switch to T-mobile from Pageplus!