The concept allows individuals to acquire an Apple Watch through a rental agreement with an option to purchase it at the end of the lease term. Payments are typically made in installments over a set period. For instance, a customer might pay a weekly or monthly fee for 12-24 months, after which they own the device if they choose to exercise the purchase option.
This arrangement provides access to advanced technology for those who might not be able to afford the upfront cost of an Apple Watch. It can be particularly useful for individuals building credit or who prefer smaller, manageable payments. Historically, lease-to-own agreements have offered an alternative path to ownership for various goods, extending access to a wider range of consumers.
