Apple launches Apple Upgrade, a new leasing service in the U.S. for iPhone, iPad, Mac and Apple Watch, operated in partnership with Klarna. The program replaces the iPhone Upgrade Program and the previous iPhone Payments option: it offers lower monthly payments and standardized lease terms, with specific terms and exclusions.
Apple Upgrade — the essentials
– Apple Upgrade lets customers lease Apple devices on contracts ranging from 12 to 36 months depending on the product.
– Starting monthly rates are $17.99 for iPhone, $11.99 for Apple Watch, $24.99 for Mac, and $11.99 for iPad.
– AppleCare+ remains optional (customers can also choose AppleCare One) and is not included in the lease payment.
– Klarna administers the lease agreements and conducts a “soft” credit check for instant approval online or in-store.
Sample pricing and final payment
Pricing examples exclude taxes and trade-in credit:
– iPhone 17 Pro 256 GB ($1,099): $31.99/month (24 months) or $45.99/month (12 months).
– Apple Watch Series 11 42 mm ($399): $11.99/month… [source text cuts off here]
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