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Samsung launches ‘Stay New’ scheme, allows upgrading to latest Galaxy devices

         

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December 31, 2013, 10:fifty two IST

Kul Bhushan

Samsung launches 'Stay New' scheme, allows upgrading to latest Galaxy devices

Following in Apple’s footsteps, Samsung has also launched a buyback scheme for its Galaxy devices in India. Samsung’s new scheme, branded as ‘Stay New’, is powered by Ingram Micro. In addition to the easy buyback scheme, Samsung is also offering an 18-month EMI programme. Samsung has teamed up with banks such as HDFC Bank, ICICI Bank, Citibank and Standard Chartered in this regard.

Samsung devices covered under the Stay New programme are the Galaxy Note 3, Galaxy Note 2, Samsung S4, Samsung S4 Mini, Samsung S3, Galaxy Tab 3 and Galaxy Tab 10.1. Customers can purchase any of these devices through above-mentioned banks’ credit card and avail the Samsung’s 18- month EMI scheme, at applicable interest rates.

Samsung says customers can now buy Samsung’s latest flagship Galaxy S4 for about Rs. 2,466/- per month or an S4 Mini for approximately Rs.1500/- per month. Samsung’s new plan will be valid from January 1st until March 31st, 2014, or until stocks last.

Customers looking to buy a device under the buy back scheme need to call up Ingram Micro’s toll free number, within six to twelve months of purchasing the product.
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“Post evaluation of the product, a buyback price will be informed to the customer. On accepting the instant offer of the best price, the device will be collected from the location of customer’s choice and the agreed upon amount will be transferred directly into the customer’s account. Hence, the customer can upgrade to the latest Galaxy smartphone by easily selling off their used Galaxy device, Samsung explains in a release.

Apple recently launched an exchange scheme that would bring down the cost of owning the iPhone 5C and iPhone 4S considerably through a buyback offer. According to Apple’s BuyBack offer, in exchange for an iPhone 4 (8 and 16GB variants), the company would offer a minimum discount of Rs. 13,000. However, our investigation shows Apple’s retail partners aren’t offering the minimum discount to customers. We’ll soon test how good Samsung’s buyback offer. Read: Apple iPhone buyback offer fails our test

What do you think of Samsung’s new buyback and EMI scheme? Let us know in the comments section below:

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