Apple's annual iPhone launch event just took place yesterday, getting Apple fans excited about the iPhone 16 lineup as well as other new products. If you're looking to preorder the iPhone 16, you won't want to miss this incredible deal at T-Mobile. Starting Sept. 13 at 5 a.m. PT (8 a.m. ET), both new and existing customers can score the iPhone 16 Pro for free when they trade in an eligible device. 

You'll receive a 128GB iPhone 16 Pro, featuring a 6.3-inch display, an A18 Pro chip, Apple Intelligence and more. You'll score the savings -- up to $1,000 -- via 24 monthly bill credits when you trade in an eligible device on a Go5G Next plan. An iPhone 11 Pro and newer should score you the full savings, but if you're trading in an iPhone 6 or newer, you'll still be able to save up to $500. 

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Families can save 20% every month versus some of T-Mobile's competitors. If you're curious to see how much you could save, check out T-Mobile's savings calculator. When you sign up for a Go5G Next plan, you'll be able to upgrade every year. 

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Note that if you cancel your account before you receive all 24 credits, those credits will stop and the balance on your required finance agreement will be due. Additionally, your bill credits will also end if you pay off your device early. If you're confident you can stick with T-Mobile, this deal is hard to beat. Be sure to preorder your iPhone 16 Pro this Friday.

Looking to preorder the latest Apple devices? We're rounding up the best iPhone 16, Apple Watch Series 10 and AirPods 4 deals at launch.