T-Mobile is Offering the iPhone 6s For $5 a Month

You can get an iPhone 6S for only $5 a month if you take up a new offer from T-Mobile.

The company is offering customers who trade in an old iPhone 6 or 6 Plus a iPhone 6S (16GB) for only $5 a month, according to CNN.

The plan involves the $5 payment for 18 months and the option at the end of the term to keep the phone for a single payment of $164. That price saves customers $125 from the original retail price of a brand new iPhone. The special promotion is a part of the company’s “Jump on Demand” contract that allows customers to upgrade to a new phone three times a year max and free of charge.

John Legere, T-Mobile’s CEO, announced the promotion on his Twitter account yesterday.

The new Apple phone officially goes on sale Friday.

T-Mobile also offers special iPhone 6s and 6 Plus promotions on older iPhone models and other phones (see chart below).

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