Apple today announced Apple Upgrade, a new product leasing
program provided by Klarna for iPhone, Apple Watch, Mac, and iPad
available on the Apple Store online, in the Apple Store app, and
at Apple Store locations in the United States. Apple Upgrade makes
it even easier for customers to get the Apple products they love
with a leasing plan that is right for them. […]
Apple Upgrade offers 12- and 24-month leasing options for iPhone
and Apple Watch, and 24- and 36-month leasing options for Mac and
iPad. Leasing prices start as low as $17.99 per month for iPhone,
$11.99 for Apple Watch, $24.99 for Mac, and $11.99 for iPad. When
customers first enroll in Apple Upgrade, they can further lower
their monthly lease payments by trading in their currently owned
device through Apple Trade In. Customers can also earn 3 percent
Daily Cash back when making their lease payments with Apple Card.
The payoff amount is the difference between what was paid during
the leasing period and the retail price of the device, minus any
remaining trade-in credits. Klarna is not charging a fee for the
leasing program, so an iPhone that’s $1,099 can be leased and
then purchased for $1,099 with no extra cost beyond taxes.
I guess this means that, for a bit of hassle, you can essentially
buy the device for the list price at 0% interest.
If you’d rather lease or buy over time, this seems like as good a deal as you could hope for, without any catches.