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

Friday August 9, 2013 3:37 PM PDT by Juli Clover
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.

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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.

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Posted: 17 months ago
T-Mobile cannot make up their minds with pricing and financing.
Rating: 3 Votes

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