On Monday, T-Mobile USA ended their iPhone 5 promotion and raised the iPhone 5 down payment from $100 to $150. During the initial launch of the T-Mobile iPhone 5, the Bellevue, Washington based company offered the device for $100 down, and a full 24 monthly payments of $20/month which would cover the full price.
T-Mobile is the fourth largest carrier in the United States after Verizon, AT&T and Sprint, and was the last of the carriers to receive the iPhone. It is the first carrier to remove the subsidized pricing, where a customer would be required to pay $200 down for an iPhone, followed by additional payments with the bill for the lifetime of the one or two year contract.
With T-Mobile’s “Uncarrier” plans, the latest iPhones will be available at a reduced cost, and customers will only have to pay the monthly fee until they have paid off the full price of the device. This price now comes out to a little above $625 over the lifetime of the plan.
Customers are not forced to accept this plan, however, and can opt to pay a full $629.99 at checkout.
For more information on T-Mobile’s iPhone 5 prices, visit T-Mobile’s iPhone Page.