iPhone Duo Lease: A Month-by-Month Breakdown

Apple is set to release its new folding iPhone Duo on October 23, with prices starting at $1,999. For those unable to purchase outright, Apple Upgrade offers a leasing solution. Monthly payments for the iPhone Duo begin at $57.99 for a 24-month lease or $82.99 for a 12-month lease.

Crucially, this leasing price does not include AppleCare+, which is highly recommended due to potential repair costs for the device. Customers must purchase AppleCare+ separately to ensure coverage. The Apple Upgrade program, launched on July 28, operates in partnership with Klarna and requires a credit check for eligibility.

This new service replaces the former iPhone Upgrade program. Lease terms are typically 24 months for iPhones and 36 months for MacBooks and iPads. At the end of the lease, users can return the device, pay off the balance, or upgrade to a new model. While no interest is charged, damage fees may apply if the device is not returned in good condition. Early termination or upgrades also incur fees. There are no late fees, but missed payments can lead to debt collection and impact credit reports.