📱Apple Launches 'Upgrade' Leasing Program for Devices
Your next Apple device could be on lease
TL;DR
Starting July 28th, Apple introduces a leasing program for iPhones, Macs, iPads, and Watches. It replaces current financing options, offering flexible terms but excluding budget devices.
Apple is rolling out the 'Upgrade' leasing program on July 28th, allowing users to lease new devices with Klarna backing. This replaces existing iPhone Upgrade Program and standard financing for most new Apple products. Leases range from 24 months (iPhone, Watch) to 36 months (iPad, Mac). Budget models like the base iPad or MacBook Neo are ineligible. The program doesn't include AppleCare subscriptions, which have also increased in price recently. If you're looking to upgrade frequently and prefer leasing over outright purchase, this could be a game-changer.
Key Points
Apple Upgrade program starts July 28th; replaces existing iPhone Upgrade Program and standard financing for new Apple products
Leases available for 24 months (iPhone, Watch) or 36 months (iPad, Mac); excludes budget models like base iPad, MacBook Neo
Klarna provides financial backing with a soft credit check required to sign up; no AppleCare included in lease terms
Recent price hikes on nearly all products precede new upgrade program launch; iPhone prices remain unchanged for now
AppleCare subscriptions have also increased in cost, adding another layer of expense consideration for potential buyers
Why It Matters
If you're an Apple user looking to upgrade frequently and prefer leasing over outright purchase, the 'Upgrade' program offers flexible terms. However, budget devices like the base iPad or MacBook Neo are ineligible. The lack of AppleCare inclusion and recent price hikes add complexity to cost considerations.
Frequently Asked Questions
Why does this matter?
If you're an Apple user looking to upgrade frequently and prefer leasing over outright purchase, the 'Upgrade' program offers flexible terms. However, budget devices like the base iPad or MacBook Neo are ineligible. The lack of AppleCare inclusion and recent price hikes add complexity to cost considerations.
What happened?
Starting July 28th, Apple introduces a leasing program for iPhones, Macs, iPads, and Watches. It replaces current financing options, offering flexible terms but excluding budget devices.
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