T-Mobile is allowing customers who want the iPhone 5 that the company now has to trade in their old Phone for a deal. When you do trade in your iPhone 4 or iPhone 4S right up until June 16^th, you'll get a $0 down deal on the iPhone 5 - plus monthly payments.

This can be used to erase the $99 down in order to purchase the phone, but the customer would still be required to pay the monthly fee of $20 for 24 months, according to slashgear.com.

"Depending on the trade-in value of their device, customers will also receive a credit of up to $120, which can be used toward monthly payments, an existing T-Mobile bill, or the purchase of accessories or another device." - T-Mobile said in a statement.

Here is an iPhone 5 T-Mobile price breakdown, reported by slashgear.com.

"1. On-contract from non-T-Mobile carriers: $199 with subsidy costs built-in to your data/voice/text plan (you can't see it, but it's there).

2. Off-contract straight from Apple: $649 (we'll stick to the 16GB version since T-Mobile is advertising that model as their hero with $99.99 down and so forth)

3. T-Mobile payment plan: $579.99 ($99.99 down with $20 per month for 24 months)."