Published on October 9th, 2019 | by Sunit Nandi

How To Save Money When Buying A New Phone

Phones are pretty expensive, especially newer ones like flagships that showcase a manufacturer’s latest technologies. However, there are plenty of ways to save money when making a phone purchase.

By using a promo code or skipping the flagship, you can make sure that you get the best value for your money.

Here are other ways to save money when buying a new phone:

Use a Discount or Promo Code

One of the best ways for you to save money on a phone purchase is to use a discount coupon. A discount code allows you to shave money or get freebies from regular-priced products that aren’t available if you would make the purchase outright.

Many websites specialize in offering discount codes for phones. They aggregate and collate different discounts from different retail stores for you to have an easier time sifting through the discounts. You can even get free minutes on prepaid providers, such as https://www.gopromocodes.com/stores/tracfone.

A common rule for people looking to save money on a purchase is to look for a promo or discount code before buying the product. Surprisingly enough, there are a lot of these promos available everywhere.

Don’t Purchase a New Phone Right Away

No matter how much you want, give it a few months.

There’s so much hype associated with getting the best phone available on the market. The decision to purchase is usually tied to your emotional response towards the phone. Manufacturers take advantage of this by pricing the phone at its highest during the initial few months of its launch.

A lot of people often buy the phone the moment its sold to the public. The reason for this revolves around the curiosity to try the latest technology. However, if you’re not a tech enthusiast or professional, there seems to be no benefit in doing this apart from the feeling of being the first.

In a couple of months, the price will ultimately drop and missing out on that particular feeling can save you hundreds of dollars at times.

Some people have also found that waiting for a few months allows you to find about the phone’s quirks or issues, and some have decided they needed something else altogether. All of us will remember at least one phone model that turned out to be a flop after a few months.

Buy Used

There’s nothing wrong with getting a used phone that’s in good condition. In fact, many people have gone this route and found themselves saving a lot more money in the long run.

The first owner of the phone has already shouldered most of the depreciation, so its now at a lower cost. However, when you do decide to buy used, make sure that it still supports the latest version of the operating system that it comes with.

There are a lot of benefits to purchasing a refurbished phone, and there’s a lot that’s available in excellent condition. One of the best ways to find used phones is to crowdsource amongst your friends and family members. Usually, the best deals are the ones that you can find within your personal network.

Sell or Trade For Your New Phone

Phone prices will continue to drop as time goes by and it’s probably a good idea for you to sell your old phone before getting your hands on a new one. If a person switches through phones every year, selling your phone at the soonest will allow you to do so at higher prices.

You can take advantage of higher market value for the current phone. Also, the newer the phone is, the higher the demand will be for that product.

Also, selling off your phones is a great way to minimize clutter in your storage areas. Think about all the space that you can save and the money that you can make by just clearing out.

You also benefit from proper battery disposal if you go down this route. Always make the most out of your mobile phone!

Skip the Flagship

Think about it, are you going to use all of the features of the newest flagship phone, or are you better off with something in the medium-to-premium range?

A flagship phone is great because it showcases most of the technological features of a company. However, not everyone uses all of these features. Sometimes, it’s better to purchase an item strictly for its utility. If you won’t be using all of the features on a flagship, your wallet is better off with the next best thing.

One way to check if you need the newest flagship phone is to assess which features of your phone you’re not actively using and what features you want to be updated. If you only shop for the features that you currently want, this makes it easier for you to determine what you may need.

By doing this, you can save yourself a lot of money. Don’t fall for gimmicks that you don’t even need. What’s the use of multiple cameras if you barely take photos? Or, what’s the use of a highly specced out phone if you just need a regular device to communicate.

At the end of the day, don’t fall for the illusion that newer is always better.

Wait for a Sale

Black Friday or Cyber Mondays are some of the best holidays for shoppers because of the numerous discounts that are available. However, there are also regular sales where you can shave off a lot of money from the purchase price of the phone that you’ve got your eye on.

If you’re unsure of a sale, you may be able to enquire from the store or shop itself. End of seasons, the start of new seasons, or any major change brings about a sale. For example, you have sales for students combing back to school, and this can pose to be an excellent opportunity for you to purchase a new phone.

While you’re at it, when buying a new phone from a smaller retailer, also ask if you can get a couple of freebies thrown in. You’ll find that just by asking politely, you could get yourself a freebie or maybe even a rebate.

Conclusion

There are a lot of ways to save a lot of money on your next phone purchase. Sometimes, all it takes is just a little creativity and a little research beforehand.

Don’t forget, part of saving money on a phone purchase is also cutting costs when it comes to your monthly phone bills, because your contract can be considered part of the phone expense. This should be part of your cost-cutting checklist!

Skip the regular prices and get yourself a discount!

Tags: buying, how to, new phone, save money

About the Author

Sunit Nandi I'm the leader of Techno FAQ. Also an engineering college student with immense interest in science and technology. Other interests include literature, coin collecting, gardening and photography. Always wish to live life like there's no tomorrow.