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Apple launches new device leasing program via Klarna
GSMArena··29 Jul
Apple has introduced Apple Upgrade, a new leasing program run through financial company Klarna, replacing its earlier iPhone Upgrade Program. The scheme covers iPhones, Apple Watches, iPads and Macs, offering 12 and 24 month leases for phones and watches, and 24 and 36 month leases for tablets and computers. It is available online and in Apple's retail stores.
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What It Means For You
- Shoppers who upgrade devices often can spread the cost of an iPhone, Watch, iPad or Mac into monthly payments instead of paying upfront.
- Anyone worried about their credit score can apply through a soft credit check, which the company says will not affect their score.
- Buyers who prefer to own devices outright should compare the total lease cost against a one-time purchase before choosing this option.
What's Happening
- Apple has replaced its previous Upgrade Program with Apple Upgrade, a new leasing scheme run through the financial company Klarna.
- The program offers 12 and 24 month leases for iPhones and Apple Watches, and 24 and 36 month options for iPads and Macs.
- It is available on the Apple Store online, in the Apple Store app, and at physical Apple Stores in the United States.
Owning Less, Upgrading More Often
- Pricing starts under 18 dollars a month for the iPhone 17e and rises to nearly 39 dollars a month for the MacBook Pro.
- At the end of a lease term, customers can upgrade to a newer device, buy out their current one, or return it.
- Customers can also add an AppleCare plan alongside the lease, and approval is promised within minutes of applying.
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