06.27.2023
Apple stopped offering interest-free financing for new iPhone, iPad, and Mac purchases in Canada as of earlier this month, as noted on Reddit. Going forward, APRs range from 4.99% to
For example, Apple says a customer who purchases an iPhone for $1,099 would have a monthly payment of $49.70 for 24 months. The customer would pay a total of $1,192.79 over this term, including $93.79 in interest charges.
The current financing offers available:
- iPhone: 7.99% for 24 months
- iPad: 4.99% for 12 months
- Mac: 4.99% for 12 months
Many of Apple's financing options in the U.S. are not available in Canada, including Apple Card Monthly Installments, Apple Pay Later, and the iPhone Upgrade Program, leaving customers in the country with few options beyond Affirm.
This article, "Apple No Longer Offers Interest-Free Financing in Canada" first appeared on MacRumors.com
Discuss this article in our forums
06.27.2023
Apple stopped offering interest-free financing for new iPhone, iPad, and Mac purchases in Canada as of earlier this month, as noted on Reddit. Going forward, APRs range from 4.99% to
For example, Apple says a customer who purchases an iPhone for $1,099 would have a monthly payment of $49.70 for 24 months. The customer would pay a total of $1,192.79 over this term, including $93.79 in interest charges.
The current financing offers available:
- iPhone: 7.99% for 24 months
- iPad: 4.99% for 12 months
- Mac: 4.99% for 12 months
Many of Apple's financing options in the U.S. are not available in Canada, including Apple Card Monthly Installments, Apple Pay Later, and the iPhone Upgrade Program, leaving customers in the country with few options beyond Affirm.
This article, "Apple No Longer Offers Interest-Free Financing in Canada" first appeared on MacRumors.com
Discuss this article in our forums
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