4 ms·

You know those financially irresponsible people don’t need this program, right? They would have used a credit card to buy it with much worse terms You seem til

You know those financially irresponsible people don’t need this program, right? They would have used a credit card to buy it with much worse terms You seem tilted at Apple for offering a financing option, but your real gripe is apparently with some people who have poor financial decision making skills. Those people could (and probably would) do a lot worse with traditional options like a credit card. Can we at least compare apples to apples (hah) and look at the actual terms of the program here? Honestly they're not bad, and I say that as someone who leans toward purchasing outright.

edoceo 3mo ago
From that lens this is a better option for the "buyer" (renter). Cause revolving credit is >10%, sometimes even more than 15%!
- ChrisMarshallNY 3mo ago
  15%? Oh, sweet summer child... https://wallethub.com/answers/cc/highest-credit-card-interest-rate-2140660307/ https://wallethub.com/answers/cc/highest-credit-card-interes...
  - edoceo 3mo ago
    Oof.
  - ghaff 3mo ago
    Those numbers aren't typical but it's still the case that credit cards generally have significantly higher interest rates if you don't pay in full by the due date than just about any other sort of loan (that admittedly not everyone can qualify for).
  - pseudalopex 3mo ago
    Be kind. Don't be snarky. Edit out swipes.[1] [1] https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
    - ChrisMarshallNY 3mo ago
      It was a joke. I still make jokes, even though it results in the occasional swipe from folks with deprecated sense of humor, that feel the need to take swipes at others. > Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith. From the above link, but this is largely ignored.
      - edoceo 3mo ago
        Didn't even hurt my feelings, nor was it snarky (to me). My g-ma said that all the time.
HeWhoLurksLate 3mo ago
> They would have used a credit card to buy it with much worse terms average credit card interest rate: 18-25% APR [0][1] average klarna effective interest rate:25-33% APR [2] getting what are effectively individual lines of credit per-burrito or iphone is crazy work and I wouldn't recommend it most of the time. Save some money up, people! [0] https://www.experian.com/blogs/ask-experian/research/current-credit-card-interest-rate/ https://www.experian.com/blogs/ask-experian/research/current... [1] https://www.forbes.com/advisor/credit-cards/average-credit-card-interest-rate/ https://www.forbes.com/advisor/credit-cards/average-credit-c... [2] https://wealthvieu.com/debt/credit-card-debt/klarna-review/ https://wealthvieu.com/debt/credit-card-debt/klarna-review/
- Aurornis 3mo ago
  > average klarna effective interest rate:25-33% APR [2] > getting what are effectively individual lines of credit per-burrito or iphone is crazy work and I wouldn't recommend it most of the time. I think this whole sub-thread has gone off track from people who aren't reading the actual terms of the Apple deal. Nobody's talking about getting a 33% Klarna loan for an iPhone or burrito. You included 2 statistics and 3 citations that have nothing to do with the program we're talking about. We're trying to talk about the Apple program in the link, not some other financial services complaints that people have about other things.
- nekooooo 3mo ago
  it's a 0% loan with a buyout at the end for 2 years though. not 33% APR.
apparent 3mo ago
> You know those financially irresponsible people don’t need this program, right? They would have used a credit card to buy it with much worse terms I thought of this also. The question is whether they will now spend even more on the phone since they won't be paying as much in interest. If so, it's savvy of Apple to suck up that difference instead of letting it go to credit card companies. Presumably Klarna's share is lower because Apple is rumored to be able to nerf these devices if a series of payments are missed. [1] 1: https://9to5mac.com/2026/07/21/ios-27-code-suggests-apple-could-restrict-leased-devices-after-missed-payments/ https://9to5mac.com/2026/07/21/ios-27-code-suggests-apple-co...
ghaff 3mo ago
Leasing is just a financial transaction. You need to run the numbers, evaluate the alternatives, and peer at least a bit into the future. I've never leased a car and I doubt I'd lease a phone if only to keep my options open. (At the moment, I'm in the situation where I trashed an older phone on a hiking trip so I'll probably upgrade my iPhone 15 Pro sooner than I otherwise would just so I have a usable backup while traveling again.)

edoceo 3mo ago

From that lens this is a better option for the "buyer" (renter). Cause revolving credit is >10%, sometimes even more than 15%!

ChrisMarshallNY 3mo ago
15%? Oh, sweet summer child... https://wallethub.com/answers/cc/highest-credit-card-interest-rate-2140660307/ https://wallethub.com/answers/cc/highest-credit-card-interes...
- edoceo 3mo ago
  Oof.
- ghaff 3mo ago
  Those numbers aren't typical but it's still the case that credit cards generally have significantly higher interest rates if you don't pay in full by the due date than just about any other sort of loan (that admittedly not everyone can qualify for).
- pseudalopex 3mo ago
  Be kind. Don't be snarky. Edit out swipes.[1] [1] https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
  - ChrisMarshallNY 3mo ago
    It was a joke. I still make jokes, even though it results in the occasional swipe from folks with deprecated sense of humor, that feel the need to take swipes at others. > Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith. From the above link, but this is largely ignored.
    - edoceo 3mo ago
      Didn't even hurt my feelings, nor was it snarky (to me). My g-ma said that all the time.

HeWhoLurksLate 3mo ago

> They would have used a credit card to buy it with much worse terms average credit card interest rate: 18-25% APR [0][1] average klarna effective interest rate:25-33% APR [2] getting what are effectively individual lines of credit per-burrito or iphone is crazy work and I wouldn't recommend it most of the time. Save some money up, people! [0] https://www.experian.com/blogs/ask-experian/research/current-credit-card-interest-rate/ https://www.experian.com/blogs/ask-experian/research/current... [1] https://www.forbes.com/advisor/credit-cards/average-credit-card-interest-rate/ https://www.forbes.com/advisor/credit-cards/average-credit-c... [2] https://wealthvieu.com/debt/credit-card-debt/klarna-review/ https://wealthvieu.com/debt/credit-card-debt/klarna-review/

Aurornis 3mo ago
> average klarna effective interest rate:25-33% APR [2] > getting what are effectively individual lines of credit per-burrito or iphone is crazy work and I wouldn't recommend it most of the time. I think this whole sub-thread has gone off track from people who aren't reading the actual terms of the Apple deal. Nobody's talking about getting a 33% Klarna loan for an iPhone or burrito. You included 2 statistics and 3 citations that have nothing to do with the program we're talking about. We're trying to talk about the Apple program in the link, not some other financial services complaints that people have about other things.
nekooooo 3mo ago
it's a 0% loan with a buyout at the end for 2 years though. not 33% APR.

apparent 3mo ago

> You know those financially irresponsible people don’t need this program, right? They would have used a credit card to buy it with much worse terms I thought of this also. The question is whether they will now spend even more on the phone since they won't be paying as much in interest. If so, it's savvy of Apple to suck up that difference instead of letting it go to credit card companies. Presumably Klarna's share is lower because Apple is rumored to be able to nerf these devices if a series of payments are missed. [1] 1: https://9to5mac.com/2026/07/21/ios-27-code-suggests-apple-could-restrict-leased-devices-after-missed-payments/ https://9to5mac.com/2026/07/21/ios-27-code-suggests-apple-co...

ghaff 3mo ago

Leasing is just a financial transaction. You need to run the numbers, evaluate the alternatives, and peer at least a bit into the future. I've never leased a car and I doubt I'd lease a phone if only to keep my options open. (At the moment, I'm in the situation where I trashed an older phone on a hiking trip so I'll probably upgrade my iPhone 15 Pro sooner than I otherwise would just so I have a usable backup while traveling again.)