Apple Launches 24- and 36-Month Klarna Device Leases, Expanding Beyond iPhones
Updated
Updated · ZDNet · Aug 20
Apple Launches 24- and 36-Month Klarna Device Leases, Expanding Beyond iPhones
3 articles · Updated · ZDNet · Aug 20
Summary
Apple’s new Upgrade Program lets customers lease iPhones, iPads, Macs and Apple Watches through Klarna for 24 or 36 months, with lower monthly payments than financing but no ownership at term end.
An iPhone 17 Pro starts at $32 a month for 24 months versus about $46 on 0% Apple Card financing; after paying $768, users must return it or pay the remaining balance to keep it.
The lease excludes AppleCare by default, and customers can face fees for damage, loss, theft or early termination—potentially including all remaining payments in a lump sum.
Compared with Apple’s old iPhone Upgrade Program, the new plan covers more device categories but drops annual upgrade flexibility, making it better suited to frequent upgraders seeking cash-flow relief than bargain hunters.