Creator breaks down how leasing Apple products can save hundreds
Tech creator Vadim Yuryev explains how Apple's new leasing program could save shoppers money over buying devices outright.
Apple has launched a new leasing program called Apple Upgrade, which allows customers to lease Apple devices such as iPhones, iPads, Macs, and Apple Watches for a low monthly fee. Tech commentator Vadim Yuryev, from Mashable's sister site Max Tech, broke down the financial implications of the program, arguing that it can save consumers hundreds of dollars compared to paying the full retail price upfront.
In a tweet responding to Bloomberg's Mark Gurman, Yuryev provided a hypothetical example of a 36-month lease for a $2,999 MacBook Pro, which would run $58 per month, leaving a $911 balance due at the end. However, Yuryev noted that the device could potentially be resold for over $1,500, making the total cost less than the MSRP of the device.
While Apple Upgrade does not lower the actual price of the device, it spreads the cost into smaller payments, and the best-case scenario requires the lessee to save up several hundred dollars for a lump-sum payoff at the end of the term and successfully resell the device for its full resale value.
Brief written by urgent.news from Mashable's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
