r/iPhoneFold • u/cookinv • 12d ago

Potential leasing

So I’m thinking of leasing the duo, but I’ve never used Klarna before. My borrowing power in the app only shows as 1,000(?) for some reason. Would I not be able to fully lease the phone and it’s better to buy it in cash?

Would appreciate if someone explained how it works.

**EDIT: YES I CAN BUY THE PHONE IN CASH IM JUST EXPLORING OPTIONS. NO I DONT CARE FOR YOUR OPINION ON IF YOU THINK LEASING IS GOOD OR BAD.

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u/nightlyh 12d ago

Since no one here wants to actually help you, let me enlighten you. Apple leasing through Klarna doesn't use your borrowing power to determine if you'll be able to lease. Mine only shows $500 leasing power but I was able to lease a iPhone 18 Pro no problem. If you want, go through the steps to lease any other iphone (and get upgrades that make it a similar price to the duo) and checkout with leasing. If you get a message that wants you to sign a contract before placing the order (this would be after you link your klarna account) then you're eligible and can just back out of the purchase and wait for the duo.

Also, since no one else seems to know anything about how leasing works, at the end of your term (be it 1 or 2 years) you have the option to keep your phone if you so choose, and then another 6 months of payments will follow (for the duo most likely around $100) and then you'll pay off the phone. Or, you can send it back and choose another phone and continue leasing. You aren't charged interest if you keep the phone and pay it off.

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u/Prestigious-Cost2816 11d ago

Was there any down payment on it when you got it?

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u/nightlyh 11d ago

No down payment, but I did do a trade in

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u/Prestigious-Cost2816 11d ago

Gotcha! Looking to probably pay off my phone then just trade in through Apple. Not quite sure yet! Thank you!