Samsung’s New Galaxy S20 Buyout Offer Isn’t a Bad Deal If You’re Patient
While the Galaxy S20 is a great phone, it’s not that popular right now . Samsung is trying to boost enthusiasm for its latest smartphone with a new buyback policy that will ensure that buyers receive significant compensation for the device in the future. And while guaranteed money seems like a good deal, doesn’t it?
Customers can receive a refund of at least fifty percent of the purchase price if they make a purchase directly from the Samsung online store and promise to exchange their smartphone within two years (in good condition, of course). The catch is that you have to agree to the buyback terms at the time of purchase, which limits the estimated buyback cost of your device to 50 percent.
It’s not bad if you can keep your Galaxy S20 in good shape for the next two years, but it also saves you any better exchange deals that may come up in the future. You will be contractually obligated to fulfill your side of the deal when the time is right, even if Samsung publishes a promo that could give you more money later.
So what to do with the Galaxy S20?
As with any long-term commitment, think about it before you say yes. In fact, you should probably take some time to consider your options before buying the Galaxy S20 at all.
The S20 starts at $ 1,000, and the S20 Plus starts at at least $ 1,200. While not out of the ordinary for a flagship smartphone, some would find it difficult to justify these prices even in an ideal scenario, but with the COVID-19 pandemic causing serious economic troubles, buying an expensive new flagship smartphone doesn’t really seem like a priority for a lot of people right now.
Since this affects Samsung’s sales figures, it is possible that the company could lower the price of the S20 lineup earlier than expected in order to maximize sales. We’ve already seen sales drop the price of the Galaxy S20 by as much as $ 250 just a few weeks after launch, and Samsung may have to consider cutting prices entirely if it wants to take more of its phones off store shelves.
While this will of course reduce the overall value of Samsung’s offering, it will also lower the amount you are paying out of pocket for its smartphone right now. And since you ca n’t take advantage of Samsung’s other offerings when buying with a buyback guarantee – you’ll have to pay the full price of the device – there are a lot of variables to consider.
The devil is in the details (time)
Our advice? If you absolutely need a smartphone now and you know you will be using it for at least two years, go for it. The base 64GB two-year-old Galaxy S9 was recently sold on Swappa for between $ 196 and $ 335, but this phone will set you back $ 720 at launch. The $ 335 price tag looks like an outlier, and yet slightly less than Samsung’s buyout deal would give you (at the time) if it existed.
We suspect Samsung’s latest phones will have an even longer lifespan than the outdated S9, so it’s possible that their resale value could be close to halfway in 2022. It’s also possible that the Galaxy S40 (or whatever) could be so incredible that the S20 looks like it. afterthought. It’s a dice game, but if you’ve been holding the phone for two years or longer, Samsung’s buyback deal seems like the right gamble.
However, if you think you’ll be ditching the S10 within a year and moving on to something better, find a discount that lowers the phone’s asking price by $ 200 and sell it yourself when you’re done. The Galaxy S10, launched around this time last year, retails on Swappa for between $ 400 and $ 500, though it would have cost $ 900 on Samsung’s debut . If you were able to win a $ 700 phone in some magic deal around that time, you would have lost about $ 200-300 if you sold it today. If Samsung had had the same buyback offer back then, you would have lost $ 450. While these are small savings and not a guaranteed sale, the math still works in your favor.
[ Android Police ]