Apple Upgrade launched yesterday, a new leasing program for iPhone, iPad, Mac, and Apple Watch (pricing here). The program has garnered some skepticism, but there’s one key reason I think it’s a great deal for users.

With Apple Upgrade, you’ll never pay more than a product’s list price

Apple recently raised prices on most of its products, then just a few weeks later launched a new leasing program as the solution for higher prices.

Apple Upgrade might always have been met with skepticism, but the timing of these events understandably has some users leery.

But after reading all the fine print and scouring program details, I think Apple Upgrade is a surprisingly great deal.