(Updated) T-Mobile Adds iPhone 4/4S Trade-In Offer For $0 Down Payment On iPhone 5

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Updated: After seeing a bunch of questions regarding the credit applying toward a full outright purchase of the iPhone 5, I pinged T-Mobile’s PR and they confirmed the credit applies to full retail purchases. 

T-Mobile announced late last night it will supplement its upfront iPhone 5 pricing with a special trade-in offer. The offer, which lasts through Father’s Day on June 16th, will allow well-qualified customers to bring in their iPhone 4S or iPhone 4 devices to get the iPhone 5 for $0 down plus monthly payments. Depending on the value of their older iPhone 4 or 4S device, customers can also receive an extra credit of up to $120 good toward their monthly payments, existing T-Mobile bill, accessories or toward another device.

“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.”

T-Mobile’s iPhone 5 sales will start on Friday, April 12th at 9am at all company-owned retail stores nationwide, as well T-Mobile.com. Well-qualified buyers will find the iPhone 5 available for a $99.99 down payment with 24 monthly payments of $20 per month before the trade-in offer. iPhone 4 and 4S devices will be available for sale in select markets based on T-Mobile’s current or future network refarming plans.

Full Press Release:

 

iPhone 5 Comes to T-Mobile Friday With New

$0 Down Trade-In Offer

BELLEVUE, Wash. — April 10, 2013 — Delivering on its Un-carrier promise to change how wireless is done in America, T-Mobile USA, Inc. today announced it will supplement its amazing iPhone 5 upfront pricing with a special trade-in offer when the revolutionary smartphone arrives in T-Mobile stores this Friday, April 12.

“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 special trade-in offer, which lasts through Father’s Day on June 16, enables well-qualified customers who bring in their iPhone 4S or iPhone 4 to get iPhone 5 for $0 down plus monthly payments1, with a no annual service contract Simple Choice Plan from T-Mobile. Depending on the trade-in value of their device, customers will also receive a credit of up to $120, which can be used toward monthly payments, an existing T-Mobile bill, or the purchase of accessories or another device.

Through its Simple Choice Plan, T-Mobile is the only major U.S. wireless company offering iPhone 5 with no annual service contract plus unlimited talk, text and Web on a screaming-fast nationwide 4G network.

With T-Mobile, iPhone 5 customers will enjoy an outstanding 4G wireless experience, seamlessly connecting to both T-Mobile’s existing 4G and growing 4G LTE networks. T-Mobile recently announced 4G LTE service in seven major metropolitan areas, including Baltimore; Houston; Kansas City; Las Vegas; Phoenix; San Jose, Calif.; and Washington, D.C. T-Mobile’s 4G LTE network is expected to reach 100 million people by midyear and 200 million nationwide by the end of 2013. The company’s 4G HSPA+ network reaches 225 million people in 229 metropolitan areas.

Simple Choice

T-Mobile offers iPhone 5 customers one of the simplest and most competitive consumer rate plans in wireless. Rather than providing a dizzying number of consumer rate plans, T-Mobile has just one: Simple Choice.

T-Mobile’s Simple Choice Plan starts with a base rate of $50 per month for unlimited talk, text and Web with 500MB of up to 4G speed data. Consumers can add 2GB of up to 4G speed data for $10 per month per line or get unlimited 4G data for an additional $20 per month per line. Customers can add a second phone line for $30 per month, and each additional line is just $10 per month. There are no caps and no overages.

Pricing & Availability

iPhone 5 will be available nationwide on Friday, April 12 beginning at 9 a.m. at all T-Mobile company-owned retail stores, as well as online at http://www.T-Mobile.com. iPhone 5 will be available for well-qualified customers with T-Mobile’s Simple Choice Plan for $99.99 down and $20 per month for 24 months. 0% APR O.A.C.

1Financing is available on approval of credit online and in participating locations. Device loan balance due on rate plan cancellation. Not available in the District of Columbia. iPhone 4S and iPhone 4 will be available in select markets.

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  • TechHog

    It’s a good idea, but I think people can get more than $220 from eBay :/

    • http://pharaohtechblog.blogspot.com/ Conan Kudo (ニール・ゴンパ)

      You have to factor in those fees, though. eBay can take quite a chunk out of it. And some just don’t want to deal with the hassle. It’s a perfectly fine option.

      • ceegii63

        i agree

        • Mobilewolf789

          You know what some ebay sellers do. They factor in some of that cost in the price once they determine how much they want to get back in profit at a minimum. In fact most sellers do this in general. You know sometimes the shipping cost is built into the price so when it says free shipping it’s not really free? But sure looks attractive to buyers. Hey has worked for me

        • Long Island Steven

          Do you ever do free shipping on an auction?

          I just sold a 4S that way and didn’t get the final bid I thought I was going to get. If I had to do over I would have charged for the shipping.

          Actually, if I had to do over I would have tried selling on eBay first to avoid the seller and paypal fees :/

      • milanyc

        Is this also available for customers buying it outright or we’re stuck with monthly installments. Can I just chose to bring in my 4S and cash out the entire amount with possible -$120?

        • LC

          You still have the option to purchase the device outright with the trade in credit.

        • Long Island Steven

          And when you’re not being charged interest it’s actually a better idea to payoff over time.

    • Austin Warren

      Getting an iPhone 5 for 440 is a damn good deal.

      • milanyc

        You mean $360.

        • Austin Warren

          Yes . was never good at math. Ha

  • mreveryphone

    As long as tmobile planned for all this new and exciting traffic on the network, I say let em trade iproducts in for other iproducts, but this data network better be fortified with some serious back haul and bandwidth and spectrum!! Cause if it starts taking me 10 minutes to pull up tmo news, tmobile you’re going to have some splaning to do!

    • Nearmsp

      That would apply for all products not just iPhones, right?

      • mreveryphone

        No iPhone is now officially offered through tmobile so this would cause a lot of people to jump on the network

  • http://www.youtube.com/#/mrjlwilliams J. Williams

    I know they mean well, but only customers that have no clue will do this. Selling it on CL or eBay will make you the most money. But still…at least they have an option, if they don’t want to deal with getting rid of it that way. Just give it to TMo, and they will give you bottom dollar for it. :-)

    • Nearmsp

      You will be surprised at how many people do not want to deal with the hassle of selling it on CL/Ebay. I personally would not sell either. I fear being swindled and have never sold one before. I could make a lot more money doing consulting then trying to spend time to make an extra amount (difference in T-mobile rate and CL). Not everyone is cut out to do that. Age and familiarity with selling on-line is a big factor. Younger and experienced people will find it hard to understand:) why some people might chose to go and give T-mobile their phones at below market rates.

      • http://www.youtube.com/#/mrjlwilliams J. Williams

        Age? If you are over 65 (depending on life style), then yes..I would say you are not too quick to sell online. But age only plays a small factor, I’m not young. But my life style makes it easy for me to know how and where.

  • http://profiles.google.com/mrice.hill Mr. Hill

    Good for those who don’t feel like or want to deal with eBay/Craigslist but you can get way more by those methods than what T-Mobile offers.

  • Nick Cannon

    Waiting for people to do this then realize with first bill there’s still a monthly fee for the phone

    • ceegii63

      no one said it would be free, just zero down + up to $120 towards the phone

    • Jason

      I know it’s difficult, but reading is very helpful sometimes.

  • TmoFan

    So once you trade your iphone in they give you a credit to be used towards one of there iPhones, so basically you don’t have to put any money down?

    • ceegii63

      and depending on your iPhone’s condition you can get up to $120 and Zero down

  • DCYinzer37

    I mentioned the possibility of doing the trade in for the wife last night (she currently has a 4S, and I was delighted to see the “4G” last night after the carrier update), but she’s happy with her phone. Sadly, this probably wouldn’t sweeten the pot any for her.

    Funny part is, I did get a call from T-Mobile yesterday regarding the 5. Seems they noticed that I had gone all the way through to attempt to upgrade, but they were concerned I wasn’t going to pull the trigger. I told them that 1) I wanted to trade in my current phone (Nexus) and 2) wasn’t sure I would get the EIP. They told me that I did qualify for the EIP, and understood on the trade-in, so I will be hitting up the nearest store on Friday to get things taken care of.

    • abc

      If you trade in the 4s you are effectively gettings $99+up to $120=up to $219. I’m sure you could get much more than that on eBay. No?

      • DCYinzer37

        Well, seeing as how they discontinued their trade-in program, pricing is subject to market trends. An unlocked 4S isn’t all that fashionable now unless you’re on a budget and in a non-LTE area, and you have to be VERY careful on eBay when listing and realize that they also get a percentage of what you sell for.

        • niftydl

          Craigslist will get you more cash surely, assuming you feel your time is worth it posting and dealing with people + arranging meetings,etc.

        • TMOFan

          I am hating CL more and more everyday. I live in a huge market (SoCal) and whenever I list any items, they stay there for a month and then I list it in eBay or AMZN and sold in couple of days. Example, I listed Nikon almost brand new D5100 in CL and the offers I got? Best was for $200. When I listed for $375 in AMZN, it sold on the same day.

          Verdict, even I lose some money, I prefer the trade-in.

  • ceegii63

    actually a Good “RIGHTNOW” Deal, unless you can sell your iPhone for more than $220 fast and free from the costs of selling on eBay or Craigslist

  • Austin Warren

    So if I trade in my iPhone 4. Can I use that $220 to put towards the outright price? Meaning trade in. No down payment. Then pay off the phone for $360?

    • LC

      You sure can.

  • sapphiraa

    Here’s a good question…Will the iPhone pre-orders be shipping out early so we receive them on launch day or are they shipping on launch day and arriving next week???

    • jeebus

      A rep told me orders weren’t shipping out until Thursday afternoon at the earliest.

      • sapphiraa

        I’ve been told their shipping out as early as Monday by one rep, then another said they absolutely ship out on Friday…so I’m a little confused.

        • LC

          It will happen when it happens.

  • Zac

    Yes you could get more for your device on eBay or CL, but, the beauty of this is that its all done in one transaction. If cash is tight you’d have to sell your phone first on eBay or CL and be without a phone until you got the new one from TMo. Also, the risk of chargeback/dispute is HUUUUGEE on eBay. If you think getting less for your device from TMo is bad, try giving it away for free to an unscrupulous buyer on eBay. eBay is so anti-seller its tough to stomach for me.

    • Long Island Steven

      Plus, you have to take into account about 15% for seller and paypal fees.

      Also, if you’re new or have never used eBay and try to sell your phone, you won’t get the highest value because you have not feedback ratings (so people will hesitate to trust you) and when you do sell you won’t get your money right away (maybe wait like 30 days?).

      • me

        Obviously you have never used Craigslist. No seller fee’s and you deal directly with the buyer. I sell a ton of phones there and have never paid a fee to sell. Most of the time they are sold the day that I post them, or the next day at the latest.

        • Long Island Steven

          I’ve sold thru cl before, but for the general discussion it really depends on where you live and what you’re selling.

          My last sale was for an Asus transformer tablet. I put it up for ebay auction and on cl at the same time. I ended up selling on ebay for more than the offers I got on cl (even taking into account the fees).

          On the buying side, my most recent purchase was a tmo htc8x, brand new, never opened, which I bought off ebay for a better price than what I could find on cl.

          So it depends, but for an iPhone cl is a good option.

        • TMOFan

          +1, I hate CL because of the low ballers.

  • Long Island Steven

    I wonder how much I would get for a Sprint iPhone 4 with bad ESN…

    • techymexican

      well I doubt they’ll know it has a bad ESN if you just say you cancelled your sprint account :P

  • Jeff Rogers

    I would think that a lot of people would just wait for the 5S or whatever the new one will be. It’s only a few months away.

    • http://profiles.google.com/mrice.hill Mr. Hill

      I don’t know. It’s only April so the 5s is likely 5-6 months away still.

  • http://twitter.com/I_AmMrJuice Mr Juice

    Can the trade in credit be used for migration fees? I have to wait until late May to pay a lower migration fee (there are 5 lines on my account, one of which have not had an upgrade in over 18 months, two that had one in November, and another two that had an upgrade January 2012). Can I trade in my 4S and use that credit for that?

    • http://profiles.google.com/mrice.hill Mr. Hill

      You might be able to put it towards your bill which is where the migration fee will show up on the next cycle.

  • eddydrizzle

    I think the big question should be “can we put the trade in credit towards the down payment?”
    That’s what I’d like to know.

    • http://profiles.google.com/mrice.hill Mr. Hill

      Of course

      • eddydrizzle

        Then it’s a good deal.

  • Pissed

    Absurd . The 4S has all the internals needed to run on t-Mo’s network. It’s just restricted which is why they can can all suck it, going back to android!

    • http://profiles.google.com/mrice.hill Mr. Hill

      No it doesn’t. The 4S does not have the radio to support the AWS frequency T-Mobile uses.

      • RobotChupacabra

        You ruined his conspiracy theory with your facts. :(

  • LovingmyGN2

    I got a better idea. How about you get one of those really good Chinese “goophones or zoophones? And use those as a trade in? These store reps are so clueless they’ll never know the difference. By the time your all set up with your new phone the Chinese crap will probably be long into the recycling line lol. Just a funny thought.

  • Guest

    Thanks so much but what is the credit for folks that bought the 5 at full price preorder?

  • bleeew

    SO we can trade in the OG iPhone and get $100 towards downpayment?

  • Shuffles

    I guess this also means the 5S is not coming out until after June 16 :)

  • Bearxor

    Anyone have any idea as to how much credit they’d give for a unlocked iPhone 5 or if thats even a possibility?

    • adeedew

      $360. eBay way more

    • http://profiles.google.com/mrice.hill Mr. Hill

      Max is only about $279. That’s for the 32GB

  • LA

    Correct me if I am wrong.. looks like it is only for new customers.. existing customers are screwed

  • Alan713

    Does it mean on can buy unlocked from Tmo for 480? (580-100)

  • Mystery Man

    So can you trade in an iphone 4/4s and get a galaxy note 2 instead?

  • Dave

    The “credit of up to $ 120″ !!!! they are going to see the condition of the phone, and i am guessing accessories are included in that (adapter and sync cable ). I see them paying more like 70 to 90 bucks. Better off selling on craigs or ebay, the worst you could get is 250 for a iphone 4 and 300 for iphone 4s.

  • Winski

    I hate to sound like a broken record here, but these .klowns are STILL ignoring customers (t-mobile already) that have already bought an iPhone 5 from Apple, at retail, put it on the T-Mumble network in December and are now being told ‘tough, you have to buy a new one’ IF YOU WANT TO USE OUR FULL NETWORK !!!!

    NO.

  • zalman

    I went to a store and all they would offer me was $120 trade in credit for my old iPhone, they wouldn’t give me $0 down on a new iPhone. Is there something I’m missing?

  • Uriah Romero

    I know quite a few people who have an iPhone and want to change to T-Mobile. I had to order my iPhone 5 and get it shipped, but I think being able to use the new LTE network in my city will be more than worth the wait. I like to catch up on my shows using my phone during the commute to and from work at DISH, since it takes some time to arrive. My app of choice to do this is that DISH Anywhere app, which lets me stream my shows wherever I go, and it would be nice to use the iPhone 5 as much as I want without worrying about data limits.

  • pfisher13

    What about the Android users who want to switch to the iPhone. Any trade in offers to us? I have a Galaxy sgh t959v, TMO version, I want to switch to the iPhone. What about giving me a credit for moving to the iPhone? Nevermind the iPhone to iPhone deal. T Mobile should consider ANY phone as a trade in as long as it is TMO phone.