Apple’s rolling out a new upgrade program that might help make expensive Apple devices more attainable with flexible monthly payments. Apple’s new Upgrade Program, which is likely to be announced during its event, will let customers lease qualifying devices, such as iPhones, iPads, Macs and Apple Watches, for 24 or 36 months instead of paying the entire price up front. Apple is said to be working with Klarna and the sign-up process is easy with a light credit check and flexible installment options.

Customers may be able to buy the gadget, return it or upgrade to a newer qualifying Apple product at the end of the lease, depending on the terms of the program. Unlike the current iPhone Upgrade Program, the new program does not include AppleCare+ and users may have to buy coverage separately.

This Apple leasing program is a realistic alternative for anyone who likes to know what they’ll be paying every month, because Apple devices are getting more expensive. This guide will explain what the program is, what devices qualify, lease terms, financing details and whether it is preferable to lease or buy.

1. What Is the Apple Upgrade Program?

Apple Upgrade Program is likely to be an Apple subscription scheme to allow users to lease suitable Apple gadgets for a fixed tenure with cheap monthly payments.

Users can pay the full amount now, or stretch it out over 24 or 36 months depending on the device. At the end of the lease the customer has the option to:

Clear the debt and purchase the device.
Return device at end of lease.

Exchange for another qualified Apple device (subject to future program terms).

This flexible monthly payment option from Apple could be one of Apple’s largest financial improvements in recent years.

2. Apple Upgrade Program Will Partner With Klarna

According to multiple reports, Apple will launch the new Apple Upgrade Program with Klarna instead of offering financing directly.

Customers enrolling in the program are expected to complete a soft credit check, which generally does not affect credit scores.

The partnership could introduce several financing benefits, including:

Flexible Klarna installment payments
Faster approval process
Simple online enrollment
Monthly subscription-style billing

This marks a major shift in Apple financing with Klarna, replacing Apple’s older financing approach for many customers.

3. Lease Terms for Apple Devices

Apple probably has varying lease terms on different categories of items.

Device	Lease Duration
iPhone	24 Months
Apple Watch	24 Months
iPad	36 Months
Mac	36 Months

These lease periods make it easier for customers to own premium Apple products without large upfront payments.

The new Apple device leasing model is expected to cover:

Apple iPhone financing
Apple Watch leasing
Mac leasing program
iPad leasing plan

4. Eligible Devices Under the Apple Upgrade Program

The Apple Upgrade Program eligible devices are expected to include most premium Apple products.

Expected Eligible Products

Latest iPhones
Select Mac computers
Premium iPads
Apple Watch models

Devices Reportedly Excluded

According to reports, the following devices may not qualify:

iPhone 16
Apple Watch SE
Budget iPad models
MacBook Neo

Additionally, business and education purchases are reportedly excluded from the new leasing program.

5. AppleCare May No Longer Be Included

Unlike the existing iPhone Upgrade Program, reports suggest that AppleCare+ will not be included with the new leasing plan.

Customers wanting accidental damage coverage may need to purchase AppleCare separately.

This is one of the most significant differences between the two financing programs.

6. Why Apple Is Launching This New Leasing Program

Premium Apple devices continue to become more expensive every year.

By introducing flexible Apple monthly installments, Apple can make flagship products more accessible to customers who prefer predictable monthly payments rather than a large one-time purchase.

Benefits may include:

Lower upfront costs
Easier access to premium Apple devices
Flexible payment options
Ability to return or purchase the device later
More affordable Apple hardware financing

7. Apple Lease vs Buy:

Many customers may wonder whether it’s better to lease or buy an Apple device.

Leasing Advantages

Lower monthly payments
Easier upgrades
Less upfront investment
Flexible ownership options

Buying Advantages

Full ownership immediately
No lease restrictions
Better long-term value for users keeping devices for many years

The right choice depends on how often you upgrade your Apple products.

Conclusion

Apple’s new upgrade program offers easy financing through Klarna and flexible monthly payments that might make expensive gadgets more accessible. The program is aimed at users who want to pay less money up front and have the ability to upgrade often. Lease options are available for iPhones, iPads, Macs and Apple Watches. However, if you don’t have AppleCare+, it’s worth considering the additional cost of device protection before you sign up.

The Apple Upgrade Program is a great way to always have the latest Apple products and it can be a cost-effective alternative too. However, if you’re a user who intends to own your devices for many years, outright ownership may still be the superior investment in the long run. As Apple prepares to roll out this new Apple leasing program, reviewing the available options will help you choose the payment plan that best suits your budget and upgrading preferences.

Frequently Asked Questions

a. Can you lease an iPhone from Apple?

Yes. Reports suggest Apple will soon allow customers to lease an iPhone through the new Apple Upgrade Program.

b. How does the Apple Upgrade Program work?

Customers choose an eligible Apple device, complete a soft credit check through Klarna, pay monthly installments, and decide at the end of the lease whether to buy or return the device.

c. Will AppleCare be included?

Current reports indicate AppleCare will not be included with the new program.

d. Which devices are eligible?

Eligible devices are expected to include selected iPhones, Macs, iPads, and Apple Watches.

e. Is this available worldwide?

At launch, the Apple Upgrade Program USA is expected to be available only in the United States.