My understanding is that while it's a loan->lease change, the TCO is the same under both plans. I might agree that the Klarna version feel scummier but it doesn't change the financials for me and it's still effectively a 0% interest loan. I set aside the full cost of the phone in my budgeting app on day 1 and then draw down from that category over the span of the loan/lease so it's effectively like I'm buying it but I get to park the money in a HYSA.