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The Verge·3 min read·medium

Apple’s rumored ‘Upgrade’ program brings lease-to-own pricing for iPhones, Macs, and iPads

S
Stevie Bonifield
Apple’s rumored ‘Upgrade’ program brings lease-to-own pricing for iPhones, Macs, and iPads
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Apple is reportedly preparing to launch a new 'Apple Upgrade' program that allows customers to lease iPhones, Macs, and iPads. The program, backed by Klarna, will offer 24-month or 36-month lease terms without including AppleCare.

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As component and RAM shortages drive prices higher, Apple is reportedly launching an “Apple Upgrade” program for leasing new devices. According to Bloomberg’s Mark Gurman, it will work similar to a car lease, with options to upgrade to a new device early, or keep or return the device at the end of the lease. Gurman says Klarna will be Apple’s financial backer for the new program, which will require a soft credit check to sign up.

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Apple’s rumored ‘Upgrade’ program brings lease-to-own pricing for iPhones, Macs, and iPads — Headlinne — headlinne