You can lease an iPhone through Klarna now - but should you? I did the math

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Apple officially launched its new Apple Upgrade leasing program.

Customers can lease iPhones, Watches, iPads, and Macs.

Apple Upgrade is best for those who like to upgrade their iPhone annually.

Apple Upgrade, the company's new device leasing program, allows customers to lease devices through the buy-now, pay-later giant Klarna for 12-, 24-, or 36-month periods before upgrading.

Apple Upgrade replaces the iPhone Upgrade Program, a 24-month financing plan, and lets customers forgo bundled AppleCare and complete only a soft credit check to determine lease eligibility. Instead of paying off a device you own, the new program allows customers to lease iPads, Macs, and Apple Watches.

Also: 5 underrated iOS 27 features that make my iPhone way better - and none are Siri AI

Now, you have several options to buy new gear through Apple: leasing via Apple Upgrade with Klarna, financing through Apple or a mobile carrier, or paying the full price for their device up front.

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