Apple launched a hardware leasing programme provided by Klarna on Tuesday, with iPhone leases starting at $17.99 a month and the scheme available only in the United States.
The programme, Apple Upgrade, is available on the Apple Store online, in the Apple Store app and at US Apple Store locations, Apple said. It offers 12 and 24-month leasing terms for iPhone and Apple Watch, and 24 and 36-month terms for Mac and iPad.
Leases start at $17.99 a month for iPhone, $11.99 for Apple Watch, $24.99 for Mac and $11.99 for iPad, according to Apple.
At the end of the term, customers can upgrade to a new device under a fresh lease, buy the device with a one-time payment, or return it and exit the programme.
“At Apple, we put the customer at the centre of everything we do,” said Karen Rasmussen, Apple’s vice president of the Apple Store online, “and we’re thrilled that Apple Upgrade offers our customers, both online and in-store, a more flexible way to pay for the products they love.”
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