“Uncarrier” fans who are interested in Samsung’s latest flagship phone will now be able to preorder it for $0 down starting on March 24th. Of course, just because you’ll get the device for $0 down doesn’t mean it’s free: You’ll have to pay T-Mobile an extra $27.50 a month for the device for the next two years as part of its JUMP early upgrade plan, in addition to the standard monthly $10 JUMP fee. All the same, that’s not a bad deal considering that T-Mobile’s monthly voice and data plans are cheaper than both AT&T and Verizon’s. T-Mobile has already seen exceptional customer interest in the Galaxy S5, as it’s already received more than 500,000 pre-registrations for the device so far. The carrier’s full press release follows below.

T-Mobile Delivers Samsung Galaxy(®) S 5 for $0 Down and $1,200 Family Savings over the Life of the Other Guys’ Contracts

T-Mobile to Begin Online and In-store Pre-orders of Samsung’s Galaxy S5 March 24th, Un-carrier Will Free You and Your Family from Current Contracts by Paying Off Your ETFs

BELLEVUE, Wash. – March 20, 2014 -The Next Big Thing – as they say – is here. And T-Mobile US Inc. (NYSE: TMUS) is serving up Samsung’s latest flagship superphone as it was designed to be used and as only the Un-carrier can -unlimited and un-leashed on their nationwide 4G LTE network.

The company today announced that, starting March 24(th), T-Mobile will be the only place to pre-order the Samsung Galaxy(®) S 5 online and in-store for zero down (and 24 monthly payments) and with zero annual service contract, zero overages, zero hidden device costs, zero upgrade wait – and with the world as your network at zero extra cost. And, of course, only T-Mobile customers can experience the blazing-fast Galaxy S 5 on America’s fastest nationwide 4G LTE network.

Also, because owners of Samsung Galaxy devices are among T-Mobile’s heaviest wireless data users, the longer term savings with T-Mobile can be huge. Families with four lines could see an average of over $1,200 in savings over a two-year period compared to families with AT&T and Verizon on a two year contract.

And, as always, T-Mobile will pay the early termination fees for that entire family when they trade-in their devices to make the Simple Choice and come over to a better wireless experience.

“This thing is so hot we’ve already seen over a half a million pre-registrations for the Galaxy S 5,” said John Legere, president and CEO of T-Mobile.  “That’s a lot of very smart people grabbing this opportunity to pay nothing down, save more than a grand over the life of the other guys’ contracts, and have T-Mobile pay off every penny of their family’s early termination fees. It’s a brilliant move.”

The company today also announced that customers who pre-order by March 31(st) can receive a special, introductory price and be among the first to get the Galaxy S 5 without waiting in line – guaranteed. Also available until March 31(st) and in celebration of the launch, T-Mobile is offering $120 off Samsung’s Galaxy Tab(®) 3 with a Mobile Internet plan and 200MB free data for the life of the tablet.

To learn more or to pre-order the Samsung Galaxy S 5 at T-Mobile, visit http://www.t- mobile.com/nextbigthing. T-Mobile business customers can learn more at http://www.t- mobile.com/business/nextbigthing.

Post updated to clarify that subscribers will have to pay the standard monthly $10 JUMP fee in addition to the cost of the phone.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.