The touchscreen MacBook Pro lease through Apple Upgrade costs $55.99 a month for 36 months, or $78.99 a month for 24 months, on the $2,899 14-inch MacBook Pro with M5 Pro announced October 28. Apple Card Monthly Installments end in ownership, and the lease does not.
Apple Upgrade is the Klarna-backed program that replaced the iPhone Upgrade Program, and its general terms are in our list of 20 things to know before leasing. The touchscreen MacBook Pro announcement has the starting prices of $2,899 to $4,799, and the first units arrive Friday, November 6.
Touchscreen MacBook Pro lease costs $55.99 a month
| Option | Monthly payment | Total over the term | You own it at the end |
|---|---|---|---|
| Lease, 36 months | $55.99 | $2,015.64 | No |
| Lease, 24 months | $78.99 | $1,895.76 | No |
| Apple Card Monthly Installments, 12 months | $241.58 | $2,899.00 | Yes |
| Buy outright | $2,899 | $2,899.00 | Yes |
Every figure is for the $2,899 starting price and excludes taxes and trade-in credit. The lease totals less than the purchase price, but the device goes back at the end unless you pay the purchase option amount, which Apple does not state for this model. Over 24 months the lease totals $1,003.24 below the purchase price.
Apple Card Monthly Installments run 12 months at 0% APR
A Mac bought with Apple Card Monthly Installments is paid over 12 months at 0 percent APR, which works out to about $241.58 a month on the 14-inch MacBook Pro with M5 Pro at $2,899. The same split is $283.25 on the 16-inch MacBook Pro with M5 Pro at $3,399, $374.92 on the 14-inch MacBook Pro with M5 Max at $4,499 and $399.92 on the 16-inch MacBook Pro with M5 Max at $4,799.
Apple Card customers also get 3 percent Daily Cash back up front, and the plan is subject to credit approval and credit limit. Taxes and shipping are charged at the card’s regular APR instead of 0 percent, and new Apple Card accounts carry a variable APR of 17.74 percent to 27.99 percent as of October 1, 2026. Buying other items in the same Apple Card purchase removes the 0 percent rate from the Mac.
Lease terms to read before signing
Closing the lease early can cost up to the amount of the remaining payments. If you do nothing at the end of the term, the lease converts to month-to-month for up to six months at payments that may rise, and after that you are charged the purchase option amount. When you return the device you may be able to upgrade through a new lease, but upgrades are not guaranteed and the new payments may be higher.
No security deposit is required, and the first payment is due about 30 days after the device ships or is available for pickup. Insurance is not included, and damage fees apply if the device is lost, stolen or returned in poor condition.
Eligibility requires residence in the United States, an age of 18 or older, a Social Security number or ITIN, an accepted credit or debit card, an Apple Account in good standing, a Klarna account and a phone that can receive verification codes by text message. Approval depends on creditworthiness.
Education pricing and the lease do not combine
The Education Store does not offer Apple Upgrade leases, so the $2,749 to $4,499 education prices are for purchases only. The employee purchase, corporate purchase, Apple at Work, government, and veterans and military stores are excluded as well, and the education savings are $150 on the 14-inch MacBook Pro with M5 Pro, $200 on the 16-inch MacBook Pro with M5 Pro and $300 on both M5 Max models.
A trade-in may reduce the monthly payment, and the advertised $55.99 excludes any trade-in credit. Apple’s trade-in page at apple.com/shop/trade-in shows what a current Mac is worth.
The 36-month lease totals $883.36 less than buying
I would buy outright or use Apple Card Monthly Installments if you keep a Mac for four or five years, since the lease never ends in ownership. The 36-month lease suits people who upgrade every three years and want the lowest monthly payment. Its total is $883.36 below the purchase price because you do not own the Mac at the end.
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