T-Mobile, who will officially launch Apple’s iPhone on their network on Friday, has announced details on a trade-in program they hope will lure current iPhone 4 and 4S owners onto the magenta network. By trading their old device in, new customers can drop the down payment on a 16GB iPhone 5 down to $0. Additional credit of up to $120 can also be earned depending on the value of the trade-in.
T-Mobile news release, via MacRumors:
“Our message to iPhone 4S and iPhone 4 customers is simple: bring in your device and trade up to iPhone 5 on T-Mobile,” said Mike Sievert, chief marketing officer for 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.”
The offer will run through June 16th. The additional credit can be applied to monthly service fees, outstanding balances, accessories, or another device.
T-Mobile announced their “Uncarrier” plans last month. The plans separate the costs of the device from the service plans, and users can either pay the full costs of the device upfront, or finance the cost over 24 months. Contract-free service plans start at $50 per month.
