The promotion would let buyers pay off their phones and other mobile gadgets in full via monthly installments. July 26, 2013 9:36 AM PDT T-Mobile CEO John Legere. (Credit: Sarah Tew/CNET) Consumers will be able to pick up a new iPhone or Galaxy S4 phone through T-Mobile with no dollars down. Starting Saturday, the carrier's new summer promotion offers a variety of 4G LTE smartphones, feature phones, tablets, and mobile hotspots with no upfront cost and regular monthly payments. As a few examples, Apple's iPhone can be had for $27 a month, Samsung's Galaxy S4 for $25 a month, and Nokia's Lumia 925 for $20 a month. (Credit: T-Mobile) The deals are good for both new and existing subscribers. No expiration date was revealed. A spokesperson for T-Mobile noted that the promotion is time-limited for the summer and that the carrier's promos usually last for days or weeks rather than months. Zero-down sounds like a tempting offer. But keep in mind that you're still paying the full non-subsidized price for the device, just spread out over 24 months. Paying $27 a month for the iPhone over two years adds up to $648, just a dollar less than the $649 retail price for the 16GB version. And those payments are naturally on top of the cost of the mobile phone plan. T-Mobile is also touting its new Jump program, which doesn't require you to keep the same phone for the entire two-year period. Under Jump, you can upgrade to a new phone without having to pay off the monthly finance fee on the old one. But to score that deal, you have to trade in your old phone and of course start paying the monthly fees for the new one. The Jump plan also adds an extra $10 per month to your payments.
The promotion would let buyers pay off their phones and other mobile gadgets in full via monthly installments.
T-Mobile CEO John Legere.
(Credit: Sarah Tew/CNET)
Consumers will be able to pick up a new iPhone or Galaxy S4 phone through T-Mobile with no dollars down.
Starting Saturday, the carrier's new summer promotion offers a variety of 4G LTE smartphones, feature phones, tablets, and mobile hotspots with no upfront cost and regular monthly payments. As a few examples, Apple's iPhone can be had for $27 a month, Samsung's Galaxy S4 for $25 a month, and Nokia's Lumia 925 for $20 a month.
(Credit: T-Mobile)
The deals are good for both new and existing subscribers. No expiration date was revealed. A spokesperson for T-Mobile noted that the promotion is time-limited for the summer and that the carrier's promos usually last for days or weeks rather than months.
Zero-down sounds like a tempting offer. But keep in mind that you're still paying the full non-subsidized price for the device, just spread out over 24 months. Paying $27 a month for the iPhone over two years adds up to $648, just a dollar less than the $649 retail price for the 16GB version. And those payments are naturally on top of the cost of the mobile phone plan.
T-Mobile is also touting its new Jump program, which doesn't require you to keep the same phone for the entire two-year period. Under Jump, you can upgrade to a new phone without having to pay off the monthly finance fee on the old one. But to score that deal, you have to trade in your old phone and of course start paying the monthly fees for the new one. The Jump plan also adds an extra $10 per month to your payments.
