iPhone 5 to Hit T-Mobile April 12 for $99 Plus $20/Month Repayment Charge
March 26, 2013 11:36 AM
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Pre-orders begin April 5
Every major (and many minor) carrier in the United States jumped on the iPhone bandwagon as soon as AT&T lost its exclusive chokehold on the device. One of the only holdouts in the mobile industry in the United States was T-Mobile. T-Mobile has allowed consumers that already own an iPhone from other carriers to bring their device to its network, but didn't offer the phone directly.
During its "Uncarrier" event today, T-Mobile unveiled its plans to launch the iPhone 5 on its network. However, T-Mobile is doing things a bit differently compared to its rivals. The wireless company will offer the iPhone 5 for $99, and customers will repay the remainder of the phone’s full cost over 24 months at $20/month. Once the phone is completely paid off, the $20/month payment is removed from your monthly bill. Pre-orders start on April 5, and the the phone will be available on April 12.
T-Mobile’s strategy is different from traditional wireless carriers that still charge you full price for your wireless service even after it recoups the costs for subsidizing the phone over the course of a two-year contract.
As for T-Mobile’s new Simple Choice Plan, the company describes it as follows:
Customers start with one line at $50 per month for unlimited talk, text and Web with 500MB of high-speed data. Customers can add a second phone line for $30 per month, and each additional line is just $10 per month. They can also add 2 GB of high-speed data for $10 per month more per line. Unlimited 4G data is only $20 more per month per line. No caps. No overages. Just simple value.
In addition to the launch of the iPhone 5, T-Mobile announced the launch of its LTE service in Baltimore; Houston; Kansas City; Las Vegas; Phoenix; San Jose, Calif.; and Washington, D.C.
Other LTE smartphones that will join the iPhone 5 include the
Samsung Galaxy S4
, Samsung Galaxy Note II, and
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RE: Mortgage Insurance on a Phone???
3/26/2013 2:03:31 PM
Just beware of craigslist or any 3rd party bought phone for that matter. When tmobile doesnt get their $20/month, they disable the IMEI number on the phone and its done (on their network).
My friend bought a SGS3 brand new sealed in box at their launch for $500 from craigslist. He then used the phone, perfectly fine for about 2 months, then it refused to connect to the network or make calls. He called tmobile and they said the IMEI number had been disabled because the phones payments were never fulfilled. So my friend was stuck with a $500 paperweight. Nevermind the fact that he had been a loyal tmobile sub for over 10 Years and had a tablet on his tmo plan with data as well. (He went this route because he was not up for an upgrade yet).
I see a lot of scammers grabbing this for a quick buck. Tmobile literally did nothing for my friend. He had to unlock the phone and sell it to someone on ATT at a loss to him where it worked fine.
Tmobile and my friend were both stuck. I can see their side because they were never paid fully for the phone. Just remember, new in box or not, that phone isnt yours till its fully paid for. I dont think I will ever trust a 3rd party for a phone after seeing this.
RE: Mortgage Insurance on a Phone???
3/26/2013 6:21:49 PM
So he was sold a phone that was obtained by a credit mule?
"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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