Leasing Vs. Buying A New iPhone: Which Is Better If You Upgrade Every Year?
The lower monthly payments of leasing your iPhone can be tempting, but it's not always the cheapest option.
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If you're someone who always buys the latest iPhone, there are lots of payment and upgrade options to navigate. Apple's new program, called Apple Upgrade, lets you lease an iPhone for 12 or 24 months. That poses a big question for annual upgraders: is leasing actually cheaper than buying?
With the iPhone 18 Pro starting at $1,199 and the exciting iPhone Duoat $1,999, paying full price for a phone you'll only keep for a year can feel excessive. Apple Upgrade's lower monthly payments might seem like the perfect solution to that, but leasing isn't necessarily the most cost-effective option. Buying and trading can often cost less when you take everything together. And even if you do lease, buying out the phone at the end could be the...
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