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While Apple and its carrier partners offer plenty of ways to get a new iPhone every year with monthly payments, Mac options are much more limited. However, Best Buy is trying to change that with the launch of its new Upgrade+ program. This gives MacBook users the opportunity to get a new MacBook every three years with monthly interest-free financing…
This program works in the same way as the iPhone update program offered by Apple. In fact, Best Buy even uses the same financing partner as Apple’s iPhone upgrade program, which is Citizens Bank.
Here’s how the Upgrade+ program works for people who buy a new MacBook through Best Buy with this option:
- Apply for financing for your new MacBook purchase.
- Make 36 equal monthly payments on this MacBook, interest-free based on your credit.
- In 37 months you will have one final payment based on the original purchase price.
- In 37 months you will have three options.
- Upgrade to a new Mac by returning your original MacBook to Best Buy.
- Make the last monthly payment and keep the original MacBook.
- Return the original MacBook to Best Buy and exit the program.
Let’s take a look at the entry-level MacBook Air, which retails for $999:
- Original price: $999.99
- Monthly payments: $19.99/month for 36 months
- Final payment in 37 months: $280.35
or M2 MacBook Air:
- Original price: $1,199.99
- Monthly payments: $26/month for 36 months
- Final payment in 37 months: $264
14-inch MacBook Pro:
- Original price: $1,999
- Monthly payments: $43.34/month for 36 months
- Final payment in 37 months: $440
16-inch MacBook Pro:
- Original price: $2,499
- Monthly payments: $54.17/month for 36 months
- Final payment in 37 months: $550
If you decide to upgrade to a new Mac or return your original MacBook and leave the program, Best Buy makes the final payment to Citizens Bank on your behalf. You are only responsible for this final payment if you want to keep the original MacBook. Also note: the program is only available for MacBooks, not any type of desktop.
This new option from Best Buy is quite interesting, in large part due to the lack of a similar program offered by Apple. From Apple’s point of view, the best option is the monthly installments of the Apple Card. It offers interest-free financing on all Mac purchases (not just MacBooks) for 12 months, but with no option to renew at the end of that financing period.
What do you think of Best Buy’s new Upgrade+ program? Is this something you’d consider when it comes time to buy your next MacBook? Let us know in the comments below.
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