Apple launched the new Apple Upgrade program. This offers a new way to get Apple devices. You can get iPhones, iPads, and Macs without paying the full price upfront.
The program uses a rental system. It is offered through Klarna. Monthly payments seem low at first. But does this system really save money? Or is it just a way to pay for a device you will not own? A report from digitaltrends discussed this. العربيه Business shared the report.
Who Can Join?
The Apple Upgrade program uses Klarna for rentals. To join, you must meet certain requirements.
You need to be 18 years or older. You must live in the United States. A Social Security number (SSN) is required. You need to pass a text message verification. You must use an eligible credit or debit card. The program does a soft credit check. This check does not affect your credit score.
Rental periods vary by device type. iPhones and Apple Watches have 12 to 24-month terms. iPads and Macs have 24 to 36-month terms.
Some devices are not included. These are iPhone 16, iPhone 16 Plus, Apple Watch SE, MacBook Neo, Mac Mini, the basic iPad, and the Studio Display. Renting an iPhone requires an active US carrier plan. This includes AT&T, T-Mobile, or Verizon. The phone will be unlocked.
AppleCare+ is not part of this program. You must buy it separately.
What Happens at the End of the Contract?
When the rental period ends, you have three choices. You can return the device and upgrade to a newer model. You can pay the remaining amount to own the device. Or you can return the device and end the contract without owning it.
Apple gives you six months to decide. If you do not act, Klarna will automatically charge you the purchase price.
Does Renting an iPhone Save Money?
Let's look at the iPhone 17e. It costs $599. Renting it for 24 months costs $17.99 per month. This totals about $432 over two years. Then you return the phone to Apple.
If you want to keep the device, you pay the remaining balance. This is about $165 to $170. Your total paid would be around $599. This is the same as the official price. The program offers no savings.
The program's benefit is spreading the cost. You can choose to own the device later. This idea makes more sense for expensive Pro iPhones. It is less practical for budget models.
iPad: Good for those who don't want to pay a lot upfront
iPad users tend to keep their devices longer. Apple offers rental contracts up to 36 months.
For example, you can rent an iPad mini for $11.99 monthly. An iPad Air costs $15.99 per month. This is instead of paying $599 or $749 upfront.
At the end of the contract, you can buy the device or upgrade. Again, the program offers no discounts. It only makes payments easier.
Mac: A logical choice for long-term ownership
For MacBooks, monthly payments start at $24.99. This is for up to 36 months.
This option might suit those replacing older Intel-based Macs or M1/M2 models. They can upgrade without a large upfront cost.
However, new M5 chips are expected to perform well. They should stay competitive for years. Owning the device might be better. MacBooks usually hold their resale value well.
Apple Watch: Buying is better than renting
The report suggests Apple Watch users benefit least from renting. Development pace for Apple Watches has slowed. Differences between Series 10 and 11 are minor for most users.
Previous model prices often drop after new versions launch. Buying directly is usually cheaper than renting.
One user has had an Apple Watch Series 8 for three years. They feel no need to upgrade. This shows the long lifespan of these devices compared to smartphones.
Is the Program Worth Trying?
The Apple Upgrade program does not offer price reductions. It provides a flexible way to pay over time. It delays the final purchase decision.
The program may suit users who like to update devices often. It's also for those who prefer not to pay large sums upfront. Direct purchase remains the best option if you plan to keep your device for many years.