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How To Save Money on Electronics
If you’re going to make a big electronic purchase this year, you’ll be interested in how to save money on that purchase. Retailers work with tight margins and they don’t go out of their way to give you a better deal. You will need to be a savvy consumer to get the best deal.
Buy at the end of the model cycle
For all but one of the major electronics manufacturers, the price is highest when a new model is introduced and will slowly drop as you get closer to the release of a new model. The only exception to this rule is Apple. Apple product pricing is static throughout the life of the model. There are many websites that track the age of Apple products to give consumers a more informed estimate of when to purchase or when to expect the latest model.
Buy online if possible
Unfortunately for big box retailers, online shopping is here to stay. The prices you can get online are almost always better than those at a physical store. It has come to the point where physical stores are being treated as showrooms for online hypermarkets. Buying online normally bypasses the sales tax that is required from brick-and-mortar stores. Depending on the size of your purchase, the savings could be substantial on a sales tax basis alone.
Buy open box items
Open box items are often bargains. These are items that have been returned by another consumer after being opened. Normally, stores check items, make sure the item is working normally, and note any damage or missing parts. A secret here is that prices are usually negotiable – especially if major parts are missing. Good luck negotiating a new computer, but one that doesn’t have a power cord could save you some serious money. Once you’ve purchased an off-brand replacement part, you’ll love the open box experience. Make sure before purchasing open box items that the same return policy exists for the open box. If not, turn on the item and check it carefully before leaving the store.
Buy during or during the holiday sales
If you’re willing to brave the elements and give your time a little, you can score some great deals during the major holidays. The biggest is Black Friday – the pseudo-holiday that follows Thanksgiving Day in the United States. There’s also savings to be had during other holidays of the year, even little-known holidays like Columbus Day have retailers advertising sales on big-ticket items like mattresses and TVs.
Buy used or little used
Online auctions and classified ads have made buying used easier than ever. If you are able to use a slightly older model, you can take advantage of the huge depreciation that happens to used electronics. A one-year-old TV will be as good as a new one and will likely come with a fifty percent discount. Follow these suggestions and you’ll get your gadget fix without breaking the bank.
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