T-Mobile has announced that it will be offering the iPhone 5 for $0 down plus monthly payments, with a no annual service contract Simple Choice Plan if they trade in their iPhone 4S or iPhone 4. The trade in value of the device might also net them credit up to $120.

“Our message to iPhone 4S and iPhone 4 customers is simple: bring in your device and trade up to iPhone 5 on T-Mobile,” said Mike Sievert, chief marketing officer for T-Mobile. “We’re making it incredibly attractive to buy an iPhone 5 by pairing an un-beatable upfront price and trade-in offer with Simple Choice, the most hassle-free and affordable rate plan in wireless.”

The iPhone 5 will be available from T-Mobile starting Friday, April 12. The special trade in offer will be good until Father’s Day on June 16.