Samsung’s Galaxy S-series is one of the company’s best-selling smartphones, but in recent years, the price has gotten a little out of hand. If you’re looking to save yourself some money, Samsung has announced an interesting albeit unusual buy-back program in which it almost feels like you’re renting the phone.
According to Samsung, they are willing to give you back 50% of the phone’s value if you were to return it back to them within 24 months. This means that if you don’t want to keep the phone for more than two years, Samsung will pay you 50% of the phone’s value as long as you return it within that period of time, which feels like a bit of a rental.
The best part is that the money that is being returned to you will be in the form of whatever you used to pay for the phone, so if you used a credit/debit card, that 50% will be credited back to you. This means that if you don’t want to stick with Samsung, you won’t have to. Given that the Samsung Galaxy S20 Ultra 5G costs $1,400, you’ll essentially be paying $700 for a smartphone that you get to use for two years.
Before you get too excited, note that there are some caveats. First of all, your phone needs to be returned in good working condition. Secondly, this offer is only valid on Samsung.com and not through other retailers. Thirdly, you can only apply one deal at a time, meaning that if the phone is discounted, you’ll have to pay full price for it if you want to take advantage of this buy-back offer.
It’s an interesting offer and if you’re the type that changes phones every so often, then paying $700 for a high-end 5G flagship does seem like a pretty good deal.