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Apple Device Leasing: Own Nothing, Pay Monthly?
20 Aug
Summary
- New Apple program lets users lease devices via Klarna.
- Leased devices are not owned unless an extra fee is paid.
- This program is best for frequent device upgraders.
Apple has refreshed its device leasing program, now partnering with Klarna to offer a 'buy now, pay later' experience for select Apple products. This updated program allows users to lease iPhones, iPads, Macs, and Apple Watches for either 24 or 36 months. Unlike financing, this is a true lease, and the device is not owned outright at the end of the term. Customers must either return the device in good condition or pay an additional fee to keep it.
The program's structure is akin to a car lease, emphasizing upgrade flexibility over ownership. Users are responsible for device damage, loss, or theft, though AppleCare can be added for protection. While monthly lease payments are lower than financing, the total cost of ownership is not reduced. The program is particularly beneficial for individuals who consistently upgrade their devices every two to three years.
