Is leasing an iPhone right for you? How Apple's Upgrade Program works and who it's for
Apple recently partnered with Klarna to revamp its Upgrade Program, which lets you lease some Apple devices for a low monthly fee.
Apple's Upgrade Program offers a leasing option through Klarna for 24 or 36 months, with the device not yours to keep at the end unless you pay an additional fee. This program is more suited for frequent upgraders rather than those seeking cost savings. The program is managed by Klarna, a buy now, pay later financial technology company, which offers lease terms without extra interest.
Similar to a car lease, Apple devices must be returned in good working condition, and the consumer is responsible for any damages, loss, or theft. Returning the device ends the lease, but a purchase fee may apply if the device is kept.
Written by urgent.news from ZDNet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
