Samsung is Offering a BuyBack Program for Old Phones for Buying a New Galaxy Phone

Discussion in 'Android News' started by dgstorm, Aug 6, 2012.

  1. dgstorm

    dgstorm Editor in Chief
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    If you were planning on nabbing one of Samsung's newest Galaxy phones, and you have an old device, then you will be pleased to know about today's news. They just started a buyback program in which you can trade in your old smartphone and get some cash value for it. The amount varies depending on the device, but can be upwards of $300 dollars. The program works pretty simply. You just have to provide info on the type of phone you are trading in. Then, buy a new Samsung device and send in your old phone. Samsung will send you a check within 30 days.

    That seems like a pretty sweet deal, but in all honesty, you may be able to get more bang for your buck to sell your device on eBay, but if you don't want to be bothered with the eBay hassle then this is a no-brainer.

    One other side-note, if we are understanding it correctly, it does look like the program can also work retroactively for some purchases since Samsung only requires you to have your receipt available.

    Source: S3Forums via Facebook - Samsung Buyback Program
     
  2. 94lt1

    94lt1 Super Moderator
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    Why are they offering 10$ more for the 4s than the maxx?? With samsungs hate hate relationship with apple, I would think that they'd pay less for their own tech... :shrugging:
     
  3. skennelly

    skennelly Active Member

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    They're probably trying to get them off the streets :)



    *Sent from my Galaxy to yours through tapatalk
     
  4. 94lt1

    94lt1 Super Moderator
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    That could be.. :) they could really make apple mad, trade in you iphone and pay 50$ and get a new Samsung device of your choice :)

    Apple would be furious!!!! :rofl3:
     
  5. jerkwad

    jerkwad Member

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    all's fair in love and smartphones - seriously though could you imagine the hit that apple would take on something like that? Honestly, I'm surprised they aren't offering MORE than that for the apple products over the motorolas. Samsung has a lot to gain by undercutting Apple and getting as many people OFF of the Apple bandwagon. This is a good move on their part - I hope they are able to market this well and start showing people that there are GOOD alternatives to the iPhone.

    Still, at only $200.00 for a Maxx, i don't see the value in doing this program versus selling it on craigslist/ebay. People will pay DOUBLE that for phones w/o a contract...not sure if i am missing something but these deals aren't that amazing for those that already have a good phone.
     
    #5 jerkwad, Aug 6, 2012
    Last edited: Aug 6, 2012
  6. tjk629

    tjk629 Silver Member

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    $85 for my Bionic, and $140 for the Droid HD.
     
  7. xeene

    xeene Gold Member

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    $130 for galaxy nexus, $200 for razr maxx.
     
  8. skennelly

    skennelly Active Member

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    Motorola had a similar program when the RAZR came out. It was the same thing only trading in your old Moto device for a new one. They were giving $30 for a DX. You'd have to be foolish to not sell on craigslist or ebay. I am not sure what they were trying to accomplish.


    On a sidenote, I can see this being the future of smartphone purchases. Buying directly from the manufacturer and maybe even receiving a subsidy from them if you trade in the brand, i.e. samsung for a samsung. I see the manufacturers trying to create some brand loyalty. Plus it is an easy way for carriers like Verizon to make more money. Your monthly payment is based on paying for your subsidized phone over a 24 month period. If you no longer buy that phone from Verizon, they just get to over charge you.:icon_eek:
     
  9. acousticshade

    acousticshade Active Member

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    It's just like buying cars now. You can choose to sell it yourself or get less for it and trade it in to the dealer.
     
  10. successfulandroid

    successfulandroid New Member

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    my thought about the manufacturer trade-in programs also is that they operate like the car dealer business model. I found these sites also that do buyback:

    Sell Samsung Galaxy and Samsung Cell Phones
    Exchange my phone

    What do you guys think of other online selling sites like these for trade-in samsung phones?
     
  11. mountainbikermark

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    Verizon offered me $79 for my Rezound.
    My question is with so many offering to buy back phones and Gazzelle type companies are also popping up, what are they doing with the phones? What are they extracting that is bringing in enough profit to do this? It can't be donating them to battered women's shelters out of the kindness of their hearts.

    Support Our Troops!!!
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    s pen aholic in Beast Mode (Notetoo)
     
  12. Big Ry

    Big Ry Active Member

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    I don't understand how Samsung's or other manufacturer's programs would work. Nobody wants to go through the hassle of mailing in a phone. Now the carriers, on the other hand, can make a killing. When I was a salesman for an AT&T retailer, we would donate old phones. I'd routinely ask people upgrading if they wanted to donate their old phone. It's surprising how many people did. And it wasn't just dumb phones, smartphones too. If a salesman offers them money? They'll definitely go for it. It's all about the convenience.

    Tapped from my G2
     
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