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'Apple Upgrade' Program Launching on Tuesday
MacRumors • • technology
Key Points:
- Apple and Klarna are launching the "Apple Upgrade" leasing program in the U.S. on July 28, allowing financing for most iPhone, iPad, Mac, and Apple Watch models with terms of 24 months for iPhones and Apple Watches, and 36 months for iPads and Macs.
- Customers can pay off devices early, upgrade early to newer models, or keep or return devices after the lease term ends.
- Some lower-priced devices, such as the Apple Watch SE, entry-level iPad, iPhone 16, and MacBook Neo, will not be eligible for the program.
- The Apple Upgrade program will require a soft credit check and may include additional fees; it will not include AppleCare+ coverage, unlike the previous iPhone Upgrade Program.
- Apple will discontinue new sign-ups for the iPhone Upgrade Program once Apple Upgrade launches, positioning the new program as a rebranded, all-in-one financing option with lower monthly payments.
