Can you lease an iPhone from Apple?

Can you lease an iPhone from Apple?

Yes, you can lease an iPhone from Apple through the iPhone Upgrade Program. This program allows customers to pay for their iPhone in monthly installments with the option to upgrade to a new iPhone every year.

1. How does the iPhone Upgrade Program work?

The iPhone Upgrade Program allows customers to spread the cost of their iPhone over 24 months. Customers can choose to upgrade to a new iPhone every year by trading in their current device.

2. What are the benefits of leasing an iPhone from Apple?

Leasing an iPhone from Apple through the iPhone Upgrade Program allows customers to have the latest iPhone model without paying the full retail price upfront. It also includes AppleCare+ coverage for added peace of mind.

3. Is there a credit check required to lease an iPhone from Apple?

Yes, a credit check is required to participate in the iPhone Upgrade Program. Customers must meet certain credit criteria to be approved for the program.

4. Can I pay off my lease early?

Yes, customers have the option to pay off their iPhone lease early if they choose to do so. This can be done by contacting Apple and paying the remaining balance.

5. What happens if my iPhone is damaged during the lease period?

If your iPhone is damaged during the lease period, you can use your AppleCare+ coverage to have it repaired or replaced at a discounted rate. Alternatively, you can choose to pay for the repairs out of pocket.

6. Can I lease an iPhone from Apple if I am not a U.S. resident?

Unfortunately, the iPhone Upgrade Program is only available to U.S. residents with a U.S. credit card and a U.S. credit history. Non-U.S. residents may explore other financing options through Apple.

7. Can I lease an iPhone if I am already locked into a carrier contract?

Yes, customers who are already locked into a carrier contract can still participate in the iPhone Upgrade Program. However, they may need to pay off their existing contract before enrolling in the program.

8. Can I choose any carrier when leasing an iPhone from Apple?

Yes, customers can choose any carrier they prefer when leasing an iPhone from Apple through the iPhone Upgrade Program. The program is available for use with most major carriers.

9. What happens if I want to upgrade my iPhone before the 12-month period?

Customers who want to upgrade their iPhone before the 12-month period can do so by paying off 50% of the remaining balance on their current lease. This option allows customers to upgrade to a new iPhone sooner.

10. Can I trade in my old iPhone for a discount on a new lease?

Yes, customers can trade in their old iPhone to receive a discount on their new lease through the iPhone Upgrade Program. The trade-in value can be applied towards the cost of the new iPhone.

11. What happens if I decide not to upgrade my iPhone after the 24-month lease period?

If customers decide not to upgrade their iPhone after the 24-month lease period, they have the option to keep their current iPhone and continue using it without any further monthly payments. Alternatively, they can choose to upgrade to a new iPhone.

12. Can I cancel my iPhone lease before the 24-month period?

Customers can cancel their iPhone lease before the 24-month period by paying off the remaining balance. However, it is important to note that canceling the lease early may result in additional fees or penalties.

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