Despite just unveiling its iPhone, iPad, and Mac financing plans in August, Apple has already made significant changes to how the program works alongside the reveal of its iPhone 13 series.
Instead of 12- or 24-month payment plans, which lower the cost of the iPhone 12 Pro Max, for example, to $ 65.54 per month, now the only payment term option is six months.
This dramatically increases the monthly cost and makes financing the iPhone 13 series much more expensive. For example, the iPhone 13 Pro costs $ 233.16 per month with a six-month payment plan, while the iPhone 13 Pro Max costs $ 258 with a six-month payment plan. Apple iPads, including the new iPad mini and entry-level iPad, are also only available on six-month paid plans.
On the Mac side, 12 monthly payments are still an option.
Paybright by Affirm remains the provider of Apple’s payment plans, so it is unclear why the company opted for this change. It’s worth noting that the previous monthly payments on a 24-month plan were more in line with what Canadian carriers typically charge to fund devices through plans.
All payment plans are available with a zero percent APR “with approved credit for iPhone purchases over $ 99 and iPad and Mac purchases over $ 199”. according to the fine print. Apple’s zero percent APR option is likely only available for a “limited time.”