T-Mobile USA Announces $0 Downpayment on All New Devices
In the case of the iPhone 5, customers pay an extra $27 a month on top of their standard price plan, which includes any minutes, text messages and internet access, with no interest payable. Prior to this, the iPhone cost $145.99 upfront plus 24 monthly payments of $21, giving a total cost of $649.99 – under the new plan, customers pay $648 in total for the device. It is important to note here that this promotion is only valid for the 16 GB model; the 32 GB and 64 GB models are not available at a special promotional price.
T-Mobile's recently initiated JUMP plan, which is designed to allow customers to upgrade their phones twice a year after paying an additional $10 device fee, can be combined with the new $0 downpayment program. According to T-Mobile, the $0 price promotion is available for a limited time, though the company did not specify an ending date.