Apple Upgrade: 20 Things to Know Before Leasing an iPhone, iPad, or Mac

Apple has replaced the iPhone Upgrade Program with Apple Upgrade, a U.S.-only leasing option run through Klarna.

The plan covers select iPhones, iPads, Macs, and Apple Watches, but not all products; refurbished devices are excluded.

iPhone leases require a supported postpaid carrier plan, and the program uses soft credit checks instead of hard ones.

AppleCare+ is not included, trade-in value is applied over payments, and missed payments can end the lease.

Devices are not owned unless the final balance is paid, making the new plan more flexible but also riskier for customers.