Apple has launched a new program allowing eligible customers to lease Apple products like iPhones and Apple Watches at a monthly rate.
The program, Apple Upgrade, is provided by Klarna, a consumer credit company, according to a press release Tuesday.
The new Apple Upgrade program can be used to lease iPhone, Apple Watch, Mac and iPad products and will be available “on the Apple Store online, in the Apple Store app, and at Apple Store locations in the United States.”
Customers have the option of either a 12-month or 24-month lease for iPhones and Apple Watches and longer lease periods of 24 and 36 months for Macs and iPads.
iPhones start as low as $17.99 per month. Apple Watches and iPads, meanwhile, will start as low as $11.99 a month, while Macs will start at $24.99 per month.
Customers can also lower their product lease payments by trading in a currently owned device and making payments with an Apple Card.
Once a customer finishes the terms of their lease, Apple offers the option to upgrade the device, purchase the device or return the product.