T-Mobile to End 'No Money Down' Promotion for iPhone 4S and iPhone 5

T-Mobile will be discontinuing the "No Money Down" promotion that it launched in late July, reports AllThingsD. The promotion, which ends on Saturday, allowed new T-Mobile subscribers to purchase an iPhone with no downpayment, paying for the full cost of the phone with monthly payments of approximately $25.

While the iPhone 4 and other smartphones will still be available with no money down, the iPhone 4S and the iPhone 5 will revert to T-Mobile’s original pricing terms. For the iPhone 5, customers will need to pay $145.99 upfront and make 24 monthly payments of $21.

t-mobile_usa_logo
T-Mobile did not give a reason why the two iPhone models were removed from the promotion, but a representative gave AllThingsD the following statement: "As is the nature of promotions, pricing moves are temporary."

Despite the return of the downpayment, T-Mobile's pricing remains the most affordable for an iPhone 5 from the major carriers.

T-Mobile, which introduced its "Un-Carrier" policies aiming to separate device costs from service costs in March, has garnered 1.1 million new customers during the last few months. T-Mobile CEO John Legere said earlier this week that the company is planning on expanding its Apple product offerings beyond the iPhone.

Top Rated Comments

(View all)
Avatar
18 months ago
T-Mobile cannot make up their minds with pricing and financing.
Rating: 3 Votes
[ Read All Comments ]