T-Mobile has dropped the upfront cost of all phones available in the carrier's stores to $0, including flagships like the Apple iPhone 5, Samsung Galaxy S4, Sony Xperia Z and Nokia Lumia 925.
There's a catch though – you still have to pay for the phone, you just do it in monthly installments on top of your regular monthly payments. Starting tomorrow, customers can grab a new phone on T-Mobile's Simple Choice Plan (starts at $50 for unlimited talk and text plus 500MB high-speed data).
Here's a table that shows the monthly payments for some of the most popular devices. We've added a third column, which is the total cost of the device over 24 months (which T-Mobile conveniently neglected).
|Device||Down Payment||Monthly Payments
24 equal monthly payments for
0% APR on approved credit1
|Total for 24 months|
|Samsung Galaxy S® 4||$0||$25||$600|
|Samsung Galaxy Note® II||$0||$27||$648|
|Samsung Galaxy S® III||$0||$22||$528|
|Xperia® Z from Sony||$0||$25||$600|
iPhone 5 16GB only
|Nokia Lumia 925||$0||$20||$480|
|Nokia Lumia 521||$0||$5||$120|
|Samsung Galaxy Tab(TM) 2 10.1||$0||$20||$480|
Note that this is a limited time offer and T-Mobile didn’t say when it ends. You can also sign up for the JUMP! upgrade program that costs $10 a month and adds insurance and the option to sign a new contract (and get a new phone) every six months. It's similar AT&T Next (which goes live today) and Verizon's Edge.
With T-Mobile, you still have to pay the full sales tax up front. On a $680 product like the Galaxy Note II, in San Francisco, that is additional $57.80 you must pay before you can walk out the door with your no upfront cost phone.
doesnt count if you have a deposit
there are no free lunches.