Surely you are already wondering which exactly Apple equipment you can use under this new leasing scheme, and the answer will surprise you because of how broad it is. Apple Upgrade is the program that Apple launched in partnership with Klarna on July 28, 2026 in the United States, and allows you to pay in monthly installments for the iPhone, iPad, Mac or Apple Watch instead of paying the full price at once.

The proposal also includes the possibility of exchanging your device for a new model when the term ends, something that comes just as Apple retired its old iPhone Upgrade Program to replace it with this improved version.

What makes this launch special is that it's no longer just about the iPhone. Apple Upgrade opens the door to renting practically the entire line of the brand's flagship products, something that they have never offered so widely. That means you can build your complete Apple setup, phone, tablet, laptop and watch, without shelling out the full price from day one.

How many and which devices you can rent with Apple Upgrade

The available catalog covers four complete categories, iPhone, Apple Watch, Mac and iPad, with almost all current models within the program. On iPhone you can choose between the iPhone 17e, iPhone 17, iPhone Air, iPhone 17 Pro and iPhone 17 Pro Max. For Apple Watch, the options are the Apple Watch Series 11 and the Apple Watch Ultra 3. In the field of Macs, enter the MacBook Air with M5 chip, the MacBook Pro with the M5 family, the iMac with M4 chip and the Mac Studio. And on tablets, the menu includes iPad Air, iPad Pro and iPad mini.

Now, not everything is on the table. There are a few models that Apple decided to leave out of the program, so it's worth keeping them in mind:

These seven products are excluded because, according to Apple, they do not meet the established criteria to enter the leasing scheme.

How 12 and 24 month terms work

Here comes the part that matters most to your pocket. Deadlines vary depending on the type of device and not all products have the same time flexibility. The iPhone and Apple Watch can be rented for 12 or 24 months, while the Mac and iPad have longer periods of 24 or 36 months. It's a logic that makes sense if you think about it, because a phone usually renews itself faster than a laptop or tablet.

The general rule that you will notice in the price images is that the 24-month term is always cheaper per month than the 12-month term, even if you end up paying a little more in total for the extra financing time. This applies to all devices, without exception, and is the reason why many users prefer to extend the term even if they have the money to pay in less time.

Extra benefits that make the plan more attractive

Beyond the quotas, Apple added some interesting elements to make customers fall in love with it. If you trade in your current device through Apple Trade In when you sign up, your monthly payment drops even more. And if you pay with Apple Card, you get 3% back in Daily Cash on every installment, although there's some confusion about exactly how this works because Klarna doesn't accept traditional credit cards as a payment method.

Another key point is that the credit review to approve you is “soft”, that is, your credit history does not affect you when requesting it. That reduces a lot of friction for anyone who wants to try the program without fear of damaging their score. At the end of the lease you have three options: renew to a new model, buy the device with a final payment, or simply return it and exit the program without additional commitments.

It's worth clarifying that Apple Upgrade is only available to US residents for now, and that the rented iPhone always arrives unlocked, although you need to choose a postpaid plan with AT&T, T-Mobile or Verizon to qualify. AppleCare is also not included in the leasing price, so if you want that extra protection, you will have to add it separately to your monthly payment.

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