Apple partnered with a bank in 2021 to let small businesses lease new M1 Macs for as low as $30 per month, with easy options to upgrade if and when more powerful devices are released. Now that’s no longer being offered, and businesses that had signed up will now have to sign up for a different program from CIT Group, the bank Apple partnered with, or go another route to get their computers.
A business that reached out to The Verge shared an email from CIT Group (aka First Citizens Bank) confirming the Mac Upgrade Program has ended. Now the bank is requesting the business to switch to its FMV lease or continue to lease the equipment at the same monthly rate — though it would run indefinitely with no buyout option. The Verge contacted both…
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