Archive · 23 Jul 2026
Apple Launches New Leasing Program
Apple is launching a new program called Apple Upgrade.
This program lets you lease an iPhone, Mac, iPad, or Apple Watch and pay for it every month.
You can return the device at the end of the lease, buy it outright, or upgrade to a new one early.
The program starts on July 28 in the United States and is backed by Klarna Group.
However, it does not include AppleCare, and some devices like the Apple Watch SE and entry-level iPad are not available for leasing.
Business and education purchases are also excluded.
Apple will stop its current iPhone payment programs to make way for Apple Upgrade.
Apple is launching a new leasing program called Apple Upgrade on July 28.
Customers can lease iPhones and Apple Watches for 24 months and Macs and iPads for 36 months.
The program offers lower monthly installments compared to traditional financing.
AppleCare is not included in the Apple Upgrade program.
Certain devices and business/education purchases are excluded from the program.
- Who
- Apple
- What
- Launch of Apple Upgrade leasing program
- When
- July 28
- Where
- United States
- Why
- To make Apple devices more affordable and manageable amid the ongoing RAM shortage crisis
Pros of Apple Upgrade
Cons of Apple Upgrade
Lower Upfront Costs
Pros of Apple Upgrade
The Apple Upgrade program allows customers to spread the cost of Apple devices over a longer period, making it more affordable upfront.
Cons of Apple Upgrade
The program does not include AppleCare, which means customers will have to pay extra for device protection and support.
Flexibility in Leasing
Pros of Apple Upgrade
Customers can return the device at the end of the term, buy it outright, or upgrade early, providing flexibility.
Cons of Apple Upgrade
Certain devices like the Apple Watch SE, entry-level iPad, iPhone 16, and MacBook Neo are not available for leasing, limiting options.
Lower Monthly Payments
Pros of Apple Upgrade
Apple Upgrade offers lower monthly installments compared to traditional financing programs.
Cons of Apple Upgrade
The program excludes business and education purchases, which may limit its appeal to a broader audience.
- Launch Date
- July 28
- Lease Duration for iPhone and Apple Watch
- 24 months
- Lease Duration for Mac and iPad
- 36 months
- Financial Backer
- Klarna Group
- Availability
- United States
- Excluded Devices
- Apple Watch SE, entry-level iPad, iPhone 16, MacBook Neo
- Excluded Purchases
- Business and education purchases
