Confirming recent rumors, Apple has officially launched its new Apple Upgrade program in the United States, expanding hardware leasing options across iPhones, iPads, Macs, and Apple Watches. Replacing the legacy iPhone Upgrade Program, the service operates similarly to a vehicle lease: customers make low monthly payments over a fixed term and can either return the hardware, start a new lease with an upgraded model, or buy out the device at the end of the agreement.
Existing iPhone Upgrade Program contracts will remain active until expiration, though members can no longer renew or enroll in new plans under the old framework.
Lease terms and starting U.S. prices vary by product line:
- iPhones: 12 or 24-month contracts, starting at $17.99 per month.
- Apple Watches: 12 or 24-month contracts, starting at $11.99 per month.
- iPads: 24 to 36-month contracts, starting at $11.99 per month.
- Macs: 24 to 36-month contracts, starting at $24.99 per month.
If a customer decides to keep the hardware when the lease expires, total monthly rental payments are deducted directly from the original MSRP without added interest, ensuring the total cost never exceeds retail price. Early upgrades are also permitted by settling the remaining contract balance.
Customers can enroll through the Apple Store app, Apple’s website, or physical Apple Stores. The program can be combined with trade-in credits, Apple Card Monthly Installments, or carrier financing. While iPhone subscribers must select a major carrier—AT&T, T-Mobile, or Verizon—during checkout, all leased devices remain unlocked.
Several entry-level and budget devices are excluded from the Apple Upgrade:
- iPhone 16 and iPhone 16 Plus
- Apple Watch SE
- Base iPad
- Mac mini
- MacBook Neo
- Studio Display
Unlike the former iPhone Upgrade Program, AppleCare+ is no longer included in the base fee and must be purchased separately for loss or damage protection. Additionally, Apple confirmed it will not remotely lock devices or restrict operating features in cases of missed rental payments.
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