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Engadget
How to lease an iPhone instead of buying one
Leasing an iPhone is becoming an attractive option for consumers. The article explains how users can enroll in the iPhone Upgrade Program or lease directly from the Apple Store. Previous enrollees can continue with their contracts, while new users must complete a Klarna application for credit approval. The lease terms vary based on the device, and options at lease end include upgrading or purchasing the device outright.
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Published 16 Aug 2026, 17:25 UTC2 min read
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Summary
TL;DR
- Existing iPhone Upgrade Program users can continue their payments until contract completion.
- New users apply for leasing through the Apple Store and Klarna.
- Leasing period for iPhones is 12 to 24 months, with end-of-lease options.
- Klarna performs a soft credit check for new leasing applications.
- The program allows trade-ins to reduce initial payments.
Interesting facts
- Leasing can help users manage technology upgrades without high upfront costs.
- Not all products in the Apple Store are eligible for leasing.