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MacRumors
20 Things to Know Before Leasing an iPhone, iPad, or Mac
Apple has launched the Apple Upgrade leasing program, which allows users to lease iPhones, iPads, Macs, and more at potentially lower costs. Users must navigate various policies, such as needing a postpaid carrier plan and the inability to own the device outright unless the final amount is paid. Crucially, the program does not provide for late fees but can impact credit scores and collections for missed payments, requiring attention from potential lessees about financial commitments and device condition requirements.
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Published 28 Jul 2026, 20:45 UTC4 min read
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Summary
TL;DR
- New leasing program replaces iPhone Upgrade Program.
- Devices must be leased with a postpaid plan.
- Missed payments won't incur fees but can affect credit.
- AppleCare+ must be purchased separately.
- Refurbished devices are not eligible for leasing.
Interesting facts
- The program is currently limited to the U.S.
- Trade-in values affect monthly payments rather than upfront costs.
- Payment options exclude credit cards, requiring debit or ACH methods.