Best buy on Monday announced a new MacBook purchase plan that allows users to fund a laptop for 36 months, and at the end of the term, customers have the choice to upgrade to a new laptop, pay off the current laptop, or return it and terminate the program. Best Buy’s plan, called Upgrade+, is similar to Apple’s iPhone upgrade program.
When a customer participates in the Upgrade+ program, the price of the MacBook is spread over 36 months, with the final payment due at the end of the plan. For example, an M1 MacBook Air for $999.99 would be $19.99 per month for 36 months. After 37 months, a final payment of $280.35 can be made to purchase the laptop immediately. But customers can also choose to return the laptop and walk away, or return the laptop in exchange for a new model with its own 36-month payment plan.
Customers can also invest in AppleCare+ and “select Apple accessories,” spreading the price of those items over the 36 monthly payments. If you don’t buy AppleCare+ at the time of initial MacBook purchase and decide to buy it later, you’ll need to pay for AppleCare+ separately.
The Upgrade+ plan is available with any new MacBook Air or MacBook Pro from Best Buy in the US Plan participants can pay off the balance before the term expires, but participants cannot upgrade to a new laptop before the 36-month term ends. MacBooks purchased through the subscription can be returned as long as they conform to: Best Buy’s Return Policy. It’s a bit like Apple’s iPhone Upgrade Program, where the full cost of an iPhone with AppleCare+ is spread over 24 months. After 12 payments, customers can choose to upgrade to a new iPhone or keep it and continue with monthly payments for another year.