Apple Upgrade launched this week, and the iPhone Upgrade Program is being discontinued as a result. #1: Leasing vs financingApple Upgrade is a leasing program, whereas the iPhone Upgrade Program used financing. The iPhone Upgrade Program also involved monthly payments. #2: Apple Upgrade has lower monthly payments, with a catchSimilar to car leases vs financing, Apple Upgrade lets you get a new iPhone at a lower monthly cost than the iPhone Upgrade Program. #4: Apple Upgrade isn’t limited to the iPhoneThe iPhone Upgrade Program, as the name suggests, is an iPhone-exclusive plan.