Should You Take Advantage of T-Mobile’s iPhone Trade-In Program?

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T-Mobile finally gets an iPhone of its own this Friday, letting Apple fans enjoy the full speeds of the carrier’s network for the first time ever. As such, T-Mobile is really invested in making this launch a big success, and that means showing the other carriers that, even late to the table, it can still sell a whole mess of iPhones. To help draw customers, it’s offering a trade-in deal for previous iPhone owners, but is this promotion really a good deal?

Normally, the 16GB iPhone 5 for T-Mobile will run you $100 outright, and demand monthly $20 payments for two years. If you trade-in an iPhone 4 or 4S, T-Mobile will waive the initial $100 fee.

Now, on its own, that doesn’t sound that great; going on something like Craigslist, you can get over $200 for an iPhone 4, so saving only $100 is a bit of a let-down.

That’s not all there is to T-Mobile’s offer, however. Depending on the trade-in value of your phone, you could get another $120 in credit. Presumably, the 4S will demand more, and condition would likely factor in. That’s definitely better, if you can get the full $220 value, especially if you don’t want to have to deal with selling a phone yourself. Still, that’s the best-case scenario, so we’re guessing for most people, trading-in an old iPhone for a new T-Mobile iPhone 5 might not be a very smart move.

Source: T-Mobile
Via: Redmond Pie

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!