{"id":21229,"date":"2026-07-29T19:18:05","date_gmt":"2026-07-29T14:18:05","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=21229"},"modified":"2026-07-29T19:18:05","modified_gmt":"2026-07-29T14:18:05","slug":"apple-introduces-lease-option-for-iphone","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=21229","title":{"rendered":"Apple introduces lease option for iPhone"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\">\n<p>No money, no problem.<\/p>\n<p>Apple just announced that starting July 28, customers will no longer be forced to pay for their products up front. The tech giant will be rolling out <a href=\"https:\/\/nypost.com\/2026\/07\/21\/business\/apple-to-launch-upgrade-device-leasing-program-to-spur-sales-report\/\">Apple Upgrade<\/a>, a leasing program for products with the help of Klarna \u2014 a buy now, pay later (BNPL) platform.<\/p>\n<p>This newer leasing option is set to replace the iPhone Upgrade Program, with more devices and a <a href=\"https:\/\/nypost.com\/2026\/06\/25\/business\/apple-hikes-macbook-ipad-prices-due-to-memory-chip-shortage-here-are-the-products-getting-hit\/\">new pricing structure<\/a>.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><button class=\"button button--modal-trigger\" aria-label=\"Open the image in a modal.\" data-modal-image=\"40119816\"><br \/>\n\t<default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"icon-plus\" fill=\"#fff\" viewbox=\"0 0 1033 1000\" width=\"1em\" height=\"1em\"><default:path d=\"M380 364V0h273v355h380v290H653v355H380V645H0V355h380v9z\"\/><\/default:svg><br \/>\n<\/button><br \/>\n<img style=\"aspect-ratio:0.75;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"40119816\" width=\"443\" height=\"590\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?w=768\" alt=\"Illustration promoting Apple Upgrade, featuring a white iPhone against a red and purple fanned background, with the text &quot;Love it. Lease it. Upgrade it.&quot;\" class=\"wp-image-40119816\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?quality=75&amp;strip=all 1000w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=225,300&amp;quality=75&amp;strip=all 225w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=768,1024&amp;quality=75&amp;strip=all 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=450,600&amp;quality=75&amp;strip=all 450w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=442,589&amp;quality=75&amp;strip=all 442w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=372,496&amp;quality=75&amp;strip=all 372w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=483,644&amp;quality=75&amp;strip=all 483w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=368,491&amp;quality=75&amp;strip=all 368w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=212,282&amp;quality=75&amp;strip=all 212w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=155,206&amp;quality=75&amp;strip=all 155w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=53,70&amp;quality=75&amp;strip=all 53w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=30,40&amp;quality=75&amp;strip=all 30w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=41,54&amp;quality=75&amp;strip=all 41w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=150,200&amp;quality=75&amp;strip=all 150w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=231,308&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=322,429&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=300,400&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=331,441&amp;quality=75&amp;strip=all 331w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=45,60&amp;quality=75&amp;strip=all 45w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=60,80&amp;quality=75&amp;strip=all 60w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=44,58&amp;quality=75&amp;strip=all 44w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=117,156&amp;quality=75&amp;strip=all 117w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/introducing-apple-upgrade-new-way-135863565.jpg?resize=38,50&amp;quality=75&amp;strip=all 38w\" sizes=\"auto, (max-width: 443px) 100vw, 443px\"\/><figcaption>Customers will be able to lease a variety of items like iPhone, Apple Watch, Mac, and iPads <span class=\"credit\">Apple<\/span><\/figcaption><\/figure>\n<p>Customers will be able to lease a <a href=\"https:\/\/nypost.com\/2026\/06\/28\/us-news\/aoc-says-congress-should-break-up-apple-amid-looming-price-hikes-for-macbooks-and-iphones\/\">variety of pricey items<\/a> like iPhone, Apple Watch, Mac, and iPad on the Apple Store online, in the Apple Store app, and at Apple Store locations in the US. Options include either 12- and 24-month leases for iPhone and Apple Watch, and 24- and 36-month leasing options for Mac and iPad.\u00a0<\/p>\n<p>\u201cAt Apple, we put the customer at the center of everything we do,\u201d said Karen Rasmussen, Apple\u2019s vice president of the Apple Store online in a <a href=\"https:\/\/www.apple.com\/newsroom\/2026\/07\/apple-upgrade-launches-in-the-united-states\/\" target=\"_blank\" rel=\"noopener\">press release<\/a>. \u201cAnd we\u2019re thrilled that Apple Upgrade offers our customers, both online and in-store, a more flexible way to pay for the products they love,\u201d Rasmussen added.<\/p>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>The program is unique as when you purchase an item in full, you are the owner. However with leasing, customers do not own the products. Users are only paying to <em>use<\/em> the product. Then, at the end of the leasing agreement, folks can either return, upgrade to a newer model, or purchase it with a one-time payment.<\/p>\n<p>Here\u2019s how it works: customers choose a device like select iPhones, iPads, Macs, and Apple Watches. They then pick a lease term:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>iPhone &amp; Apple Watch \u2013 12 or 24 months<\/li>\n<li>Mac &amp; iPad \u2013 24 or 36 months<\/li>\n<\/ul>\n<p>Customers will then pay a monthly lease payment starting at:<\/p>\n<ul class=\"wp-block-list\">\n<li>iPhone: $17.99\/month<\/li>\n<li>Apple Watch: $11.99\/month<\/li>\n<li>iPad: $11.99\/month<\/li>\n<li>Mac: $24.99\/month<\/li>\n<\/ul>\n<p>Once the term is up, folks have a few options. They can either trade in the current device, and if eligible, its trade-in value can reduce your monthly lease payment. To be enrolled, customers will be asked to complete a soft credit check.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><button class=\"button button--modal-trigger\" aria-label=\"Open the image in a modal.\" data-modal-image=\"40119824\"><br \/>\n\t<default:svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"icon-plus\" fill=\"#fff\" viewbox=\"0 0 1033 1000\" width=\"1em\" height=\"1em\"><default:path d=\"M380 364V0h273v355h380v290H653v355H380V645H0V355h380v9z\"\/><\/default:svg><br \/>\n<\/button><br \/>\n<img style=\"aspect-ratio:1;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"40119824\" width=\"590\" height=\"590\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?w=841\" alt=\"A woman sitting on a couch, holding an iPhone and using a MacBook.\" class=\"wp-image-40119824\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?quality=75&amp;strip=all 841w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=150,150&amp;quality=75&amp;strip=all 150w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=300,300&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=768,768&amp;quality=75&amp;strip=all 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=600,600&amp;quality=75&amp;strip=all 600w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=589,589&amp;quality=75&amp;strip=all 589w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=496,496&amp;quality=75&amp;strip=all 496w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=576,576&amp;quality=75&amp;strip=all 576w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=440,440&amp;quality=75&amp;strip=all 440w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=282,282&amp;quality=75&amp;strip=all 282w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=180,180&amp;quality=75&amp;strip=all 180w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=71,71&amp;quality=75&amp;strip=all 71w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=40,40&amp;quality=75&amp;strip=all 40w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=70,70&amp;quality=75&amp;strip=all 70w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=54,54&amp;quality=75&amp;strip=all 54w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=200,200&amp;quality=75&amp;strip=all 200w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=231,231&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=322,322&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=441,441&amp;quality=75&amp;strip=all 441w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=60,60&amp;quality=75&amp;strip=all 60w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=80,80&amp;quality=75&amp;strip=all 80w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=58,58&amp;quality=75&amp;strip=all 58w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=156,156&amp;quality=75&amp;strip=all 156w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/crop-40119811.jpg?resize=50,50&amp;quality=75&amp;strip=all 50w\" sizes=\"auto, (max-width: 590px) 100vw, 590px\"\/><figcaption>The new leasing program will replace the iPhone Upgrade Program <span class=\"credit\">Apple<\/span><\/figcaption><\/figure>\n<p>No security deposit is required, and the first monthly payment is due 30 days after the selected device is shipped or available for pickup. Apple said that monthly payments are based on the device and the lease term. <\/p>\n<p>For example, for an iPhone 17 Pro 256GB priced at $1,099, the typical monthly payment is $31.99 for a 24-month lease and $45.99 and for a 12-month lease without tax or credits. But just note that Apple may tack on extra fees if a customer chooses to upgrade early or cancel their lease before the term ends.<\/p>\n<p>The new payment structure caused a stir online as customers called the move a \u201cslippery slope\u201d for pricing. <\/p>\n<p>\u201cI hate this. Yeah \u201cnobody is forcing you to lease your device\u201d but this is going to let Apple think they can just raise prices because a majority of people are leasing. And then they\u2019ll extend the lease terms to 48 months to keep the monthly down and it\u2019ll be a slippery slope,\u201d the <a href=\"https:\/\/x.com\/iMackattack00\/status\/2082112144531673258\" target=\"_blank\" rel=\"noopener\">user wrote on X<\/a>.<\/p>\n<p>Another <a href=\"https:\/\/x.com\/pauljack1593424\/status\/2082388694850249003\" target=\"_blank\" rel=\"noopener\">skeptic wrote<\/a>, \u201cThen good luck trying to offload it to Apple when they inspect the tiniest scratch on your phone.\u201d<\/p>\n<\/p><\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>No money, no problem. Apple just announced that starting July 28, customers will no longer be forced to pay for their products up front. The tech giant will be rolling out Apple Upgrade, a leasing program for products with the help of Klarna \u2014 a buy now, pay later (BNPL) platform. This newer leasing option&#8230;<\/p>\n","protected":false},"author":1,"featured_media":21230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/07\/135863839.jpg?quality=75&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-21229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pics-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/21229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21229"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/21229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/21230"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}