What’s the catch with the Apple Upgrade program?

Apple's new Upgrade program is here, allowing you to lease select models of iPhones, iPads, Macs, and Watches with a relatively low monthly payment. The company promises you won't pay more than the full price of the device over the course of the one- to three-year lease, and in some cases, you'll pay hundreds of dollars less.

The basics of the program make it sound like an amazing deal… so surely there must be a catch, right?

The answer basically depends on how you use the Upgrade Program. At least with current pricing, a diligent user really should be able to make a monthly payment, swap in their phone a year or more later, and move along …

Read the full story at The Verge.