Archive · 29 Jul 2026
Apple Launches Lease-to-Own Program with Klarna
Apple has started a new program called Apple Upgrade.
This program lets people lease Apple devices like iPhones, Apple Watches, Macs, and iPads instead of buying them outright.
You can pay for these devices in monthly installments.
The program is available in the US and offers different lease terms depending on the device.
At the end of the lease, you can upgrade to a new device, buy the one you have, or return it.
Apple is partnering with a service called Klarna to manage the leases.
You can also trade in your old devices to lower your monthly payments and get cash back if you use the Apple Card.
This program is meant to help people handle the higher costs of Apple devices more easily.
Apple introduces a lease-to-own program in partnership with Klarna.
Available for iPhone, Apple Watch, Mac, and iPad in the US.
Monthly payments start at $11.99 and vary by device.
Lease terms range from 1 to 3 years depending on the device.
Customers can upgrade, purchase, or return the device at the end of the lease.
- Who
- Apple and Klarna
- What
- Launch of a lease-to-own program for Apple devices
- When
- Announced on Tuesday
- Where
- United States
- Why
- To make higher device costs more manageable through flexible payment options
Consumer Flexibility
Potential Long-Term Costs
Payment Options
Consumer Flexibility
Offers flexible monthly payments and lease terms.
Potential Long-Term Costs
May lead to higher overall costs compared to outright purchases.
Device Upgrades
Consumer Flexibility
Allows easy upgrades to the latest devices.
Potential Long-Term Costs
Could encourage frequent upgrades, increasing overall spending.
- Program Name
- Apple Upgrade
- Partnership
- Klarna
- Available Devices
- iPhone, Apple Watch, Mac, iPad
- Lease Terms
- 1-3 years depending on device
- Monthly Payments
- $11.99 - $24.99
- Trade-In Option
- Yes, through Apple Trade In
- Apple Card Benefit
- 3% Daily Cash back
Sources
Apple’s New Upgrade Plan Lets You Lease iPhone, Mac, and iPads; Flexible monthly payments
Apple Upgrade brings lease-to-own options, trade-ins and flexible payments for devices
Apple Customers In The US Can Now Lease iPhones, iPads And Macs
Apple lets US customers lease an iPhone for $17.99 a month: What is Apple Upgrade?