Apple launches US device leasing program with Klarna

The program, called Apple Upgrade, expands the technology giant’s payment options and replaces its existing iPhone ​Upgrade Program and iPhone Payments offering in ​the country.

Apple on Tuesday launched a device leasing program in the U.S. through payments firm Klarna, ​offering customers monthly plans for iPhones, Macs, ‌iPads and Apple Watches.

The program, called Apple Upgrade, expands the technology giant’s payment options and replaces its existing iPhone ​Upgrade Program and iPhone Payments offering in ​the country.

Customers can lease iPhones and Apple ⁠Watches for 12 or 24 months, while Macs ​and iPads are available under 24- or 36-month plans, ​Apple said.

Monthly payments start at $17.99 for an iPhone, $11.99 for an Apple Watch or iPad and $24.99 for a Mac.

Applicants will ​undergo a soft credit check by Klarna that ​will not affect their credit score, Apple said. Customers can ‌reduce ⁠monthly payments by trading in an existing device and earn 3 percent cash back when paying with an Apple Card.

At the end of the lease, customers ​can return ​the device, ⁠buy it through a one-time payment or upgrade to a newer model.

Existing members ​of Apple’s iPhone Upgrade Program will ​be ⁠able to move to the new leasing plan when eligible, use Apple Card monthly instalments, seek carrier ⁠financing ​or buy a device outright.

The ​program is available through Apple’s website, app and U.S. retail stores.

আরও