Apple has officially launched Apple Upgrade, a new leasing program that gives customers in the United States another way to pay for eligible Apple devices through flexible monthly payments.
Available online, in the Apple Store app, and at Apple Store locations across the US, the new service is provided in partnership with Klarna and allows customers to lease eligible iPhone, Apple Watch, iPad, and Mac models for either 12, 24, or 36 months, depending on the device.
Monthly prices start at $17.99 for iPhone, $11.99 for Apple Watch, $11.99 for iPad, and $24.99 for Mac. Customers can also reduce their monthly payments by trading in an existing device through Apple Trade In when starting a new lease, while Apple Card users can earn 3% Daily Cash on their lease payments.
Unlike traditional financing, Apple Upgrade is structured as a lease. At the end of the agreement, customers can upgrade to a newer device, purchase their existing device with a one-time payment, or simply return it and leave the program. Lease information, payment schedules, and upgrade options can all be managed through the Klarna app. AppleCare protection can also be added separately during the lease.
Apple says the application process has been designed to be quick and straightforward, with customers able to apply online or in store and, if approved, complete their purchase in minutes. The company notes that the initial application uses a soft credit inquiry, which does not affect an applicant’s credit score.
The launch also marks the end of the iPhone Upgrade Program for new customers in the United States. Apple says it will no longer offer new enrollments into either the iPhone Upgrade Program or iPhone Payments. Existing iPhone Upgrade Program members will instead be able to choose between Apple Upgrade, Apple Card Monthly Installments where available, carrier financing, or purchasing a device outright when it comes time to upgrade.
Not every Apple product is eligible for the new service. Apple says devices including the iPhone 16, iPhone 16 Plus, Apple Watch SE, MacBook Neo, Mac mini, entry-level iPad (A16), and Studio Display are excluded from Apple Upgrade.
The announcement comes just one day after Apple expanded AppleCare One to the United Kingdom, France, Germany, and Australia.