Apple’s new Upgrade program lets you lease an iPhone, Mac, Watch, and iPad

Apple has launched Apple Upgrade, a Klarna-backed monthly leasing program for iPhones, iPads, Macs, and Apple Watches.

The new plan replaces the long-running iPhone Upgrade Program and adds new rules for eligibility, early upgrades, returns, and buyouts.

Customers must pass a credit check and meet program terms, while fees and carrier requirements can affect the true cost.

The shift moves Apple from a purchase-based upgrade model to a lease-based one, changing how customers pay for and own devices.