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Wow, this is a pretty awesome deal. AT&T is offering refurbished iPhone 5 units starting at just $99 with a new two-year contract. That’s the price of a new iPhone 4S, and you get 4G LTE support and a redesigned body. As 9to5Mac notes, this is the first time a carrier has started to offer a refurbished iPhone 5 and it is particularly noteworthy since the phone is still fairly new.

Refurbished products are typically either those that were returned for various reasons and were lightly used or that needed to be repaired but still meet criteria for resale. In other words, they’re a good deal if you can manage owning a product that isn’t fresh out of the box. The 32GB model is available for $199.99 and the 64GB model is also available for $299.99, both with new two-year contracts.

[via 9to5Mac, AT&T]