Apple has officially launched the Apple Upgrade program, a leasing option for customers in the United States, replacing the previous iPhone Upgrade Program. This new initiative allows users to lease iPhones, iPads, Macs, and Apple Watches at lower monthly rates than before.
Program Availability and Device Options
The Apple Upgrade program is currently only available in the United States, with no announcements regarding international expansion. Customers can lease unlocked iPhones, but they must select a carrier at checkout, with options including AT&T, Verizon, and T-Mobile. This unlocked status allows users to switch carriers or add a second eSIM after the purchase.
Leasing Terms and Payment Structure
To participate in the Apple Upgrade program, customers must have a postpaid plan with a supported carrier, as prepaid plans are not eligible. At the end of the lease term, ownership of the device is not automatic; customers must pay the remaining balance to own the device. If they choose not to purchase, the leased device must be returned.
In terms of payment management, if a customer misses a payment, it will be rolled into the next month’s payment without incurring late fees. However, if three consecutive payments are missed, Klarna will terminate the lease, and the full balance will be due immediately. Customers are advised that missing payments can affect their credit score.
Additional Considerations
Unlike the previous iPhone Upgrade Program, AppleCare+ is not included in the leasing fee and must be purchased separately. For those who opt for AppleCare+, the monthly cost ranges from $9.99 to $13.99 for iPhones. If any damage occurs to the device, Klarna will charge for repairs unless the customer has AppleCare+, which limits the cost to the service fee.
Trade-ins are allowed when initiating a lease, with the trade-in value applied across monthly payments rather than upfront. However, customers cannot trade in a device when upgrading to a new one. Additionally, certain devices, such as the iPhone 16 and MacBook Neo, are not eligible for the Apple Upgrade program.
In summary, the Apple Upgrade program offers a new leasing option with specific terms and conditions that differ from previous programs. Customers should consider these details carefully before opting in.
This article was produced by NeonPulse.today using human and AI-assisted editorial processes, based on publicly available information. Content may be edited for clarity and style.
