The Apple Upgrade program offers a leasing option for iPhones, iPads, Macs, and Apple Watches, allowing customers to spread payments over 12 to 36 months.
Customers who miss a payment may worry about losing access to their device. However, the program does not impose a restricted mode or limit functionality when payments fall behind.
Recent investigations found code in iOS 27 that could enable restrictions on apps and services, and a feature called Partner Finance Lock. The purpose of these elements remains unclear, and they are not activated for consumers who miss a payment.
It is possible that the code was intended for corporate device management or was a feature that was ultimately disabled for the consumer program.
Under the terms of the Apple Upgrade lease, users can choose to renew, purchase outright, or return their device once the contract ends.
The leasing structure varies by device: iPhones and Apple Watches are offered on 12‑ or 24‑month terms, while iPads and Macs are available for 24 or 36 months.
Overall, the program aims to make new Apple hardware more affordable without compromising device accessibility for customers who encounter payment difficulties.
