Apple will now let you lease your next iPhone or Mac instead of buying it | CNN Business

There are plenty of things you can lease: a car, an apartment or an office space, for example. Now you can add your next iPhone to that list. Apple is launching a new leasing program to make iPhones, Macs and other products feel more affordable at a time when electronics prices are climbing and consumers are holding onto devices longer. Apple is partnering with payment platform Klarna on the program, which will be available in the United States starting Tuesday through retail locations, online and in the Apple Store app. iPhones and Apple Watches can be leased on either a 12- or 24-month basis, while Macs and iPads will have a 24- or 36-month lease term. Apple’s cheaper products — like the iPhone 16, MacBook Neo, base iPad and Apple Watch SE — are not part of the program. This new leasing plan replaces the iPhone Upgrade Program, which allowed consumers to swap out iPhones after making 12 monthly payments. The new plan aims to apply a similar concept to a broader range of Apple products while offering more flexibility in payment plans and lower monthly costs. The cheapest iPhone leasing option costs $17.99 per month, while the iPhone upgrade plan starts at about $42 per month