Apple launches official program for leasing Macs as AI price crunch bites — 24- and 36-month leasing options provided by Klarna

(Image credit: Tom's Hardware) Following price hikes on the Mac and iPad due to the ongoing memory and storage crisis, Apple has announced a new leasing program, Apple Upgrade. The new offering will be "provided" by Klarna and available in Apple Stores in the U.S., as well as the Apple Store online and the Apple Store app.There will be 24- and 36-month leasing options for the Mac and iPad, while the iPhone and Watch will have 12- and 24-month options. Mac leases will start at $24.99 per month, which includes the MacBook Air, MacBook Pro, iMac, and Mac Studio. Apple's announcement leaves out its cheapest systems, the MacBook Neo and Mac Mini. iPad leases start at $11.99 per month and include the iPad Mini, iPad Air, and iPad Pro, but not the base-level vanilla iPad.It's a similar pattern for the Apple Watch, with leases starting at $11.99 but leaving out the Apple Watch SE 3. But the iPhone lineup (leases start at $17.99) doesn't have any exceptions, including the iPhone 17, 17e, and 17 Pro and Pro Max, and iPhone Air.These are not purchases or loans. Customers can sign up for Klarna leases in-store or online (including a soft credit inquiry that doesn't affect your credit score). At the end of a lease, you can return your device and start a new lease to upgrade, purchase the device with a "one-time payment," or return the device and exit the lease entirely.Unlike the iPhone Upgrade Program, Apple Upgrade leases don't include AppleCare, but Apple will let you buy a subscription. AppleCare also. saw some price hikes, likely because the components that are serviced under the extended service program are more expensive. In fact, Apple Upgrade will replace the iPhone Upgrade Program in the United States, likely upsetting some diehard fans. Apple will allow those customers to lease a device through Klarna, buy the phone outright, or finance with monthly installments on their Apple Card. As always, there's carrier financing for phones. Follow Tom's Hardware on Google News, or add us as a preferred source, to get our latest news, analysis, & reviews in your feeds.Get Tom's Hardware's best news and in-depth reviews, straight to your inbox. Andrew E. Freedman is a senior editor at Tom's Hardware focusing on laptops, desktops and gaming. He also keeps up with the latest news. A lover of all things gaming and tech, his previous work has shown up in Tom's Guide, Laptop Mag, Kotaku, PCMag and Complex, among others. Follow him on Threads @FreedmanAE and BlueSky @andrewfreedman.net. You can send him tips on Signal: andrewfreedman.01