Apple and Klarna launch lease-to-own Apple Upgrade
Apple launched Apple Upgrade on July 28, 2026, a U.S. lease-to-own program in partnership with BNPL provider Klarna for iPhone, iPad, Mac and Apple Watch. Available online, in the Apple Store app and at retail locations after a soft credit check, pricing starts around $17.99/month for some iPhones, $11.99/month for Apple Watch, $24.99/month for Mac and $11.99/month for iPad; an example iPhone 17 Pro is listed at $31.99/month (24 months) or $45.99/month (12 months). Terms vary by device — typically up to 24 months for iPhones and Watches and up to 36 months for iPads and Macs. At lease end customers can return, pay to keep, or trade up (mid-term trade-ins may incur fees). Leases are managed in the Klarna app, Apple Card payments earn 3% Daily Cash, and Apple is retiring prior in-house financing programs.
- •Launched July 28, 2026 in the U.S.; Apple partnered with Klarna to offer Apple Upgrade lease-to-own for iPhone, iPad, Mac and Apple Watch.
- •Available via Apple Store online, the Apple Store app and physical Apple Stores after a soft credit check; leases can be managed in the Klarna app.
- •Pricing starts around $17.99/month (some iPhones), $11.99/month (Apple Watch), $24.99/month (Mac) and $11.99/month (iPad); example iPhone 17 Pro: $31.99/mo (24 months) or $45.99/mo (12 months).
