If you’ve signed up with a phone carrier, you have a few options to consider. This following list has four general ways you can save money when buying a new smartphone when you’re on a contract. Just keep in mind that you will need to do some research to find the phone that’s right for you.
Do You Want Certain Features? A Mid-Range Phone May Suit Your Needs
Think about how you will use your phone. Will you use all the features offered in the most popular models? How much data do you use each month?
When purchasing a phone, you might be drawn to one of the most popular (that is, high-end) models, but you are on a budget. Look around and compare prices and specs. Chances are there are some newer models at mid-range prices. If you primarily use your smartphone for tasks like sending texts, using email, social media, and limited streaming, phones at mid-range prices allow you to do all that and more.
Would You Like to Pay Even Less for the Same Features? Get an Older Model
Have you thought about getting an older smartphone? If you have not, just know you have a few options here.
For starters, look into buying a pre-owned phone — but be careful. Only get a certified pre-owned phone. This way, you will make sure you are purchasing a quality product that’s still in fine working order.
You can also look into buying a phone that’s been refurbished. Just like a pre-owned phone, however, you should make sure it’s certified.
Alternatively, you could choose a top-of-the-line model that was released the previous year. If it hasn’t been used, it’s just as effective as a newer model.
Want to Save Even More Money? Find Deals No Matter the Season
Have you signed up for alerts with a particular phone carrier? If so, you will receive email messages all year long so you can be aware of the best deals, especially during the holidays.
Alternatively, you can receive text messages with offers. You will likely see alerts for a new smartphone or phones that have been out a few months and now have marked down prices. If your phone carrier needs to get rid of a few older models, you’re in for a treat.
Also make sure to look for BOGO deals, especially if you need more than one phone. While you might have to pay full price for the first phone, the second one’s free.
Do You Need an Upgrade? You Could Trade in Your Smartphone
Is your old phone in good cosmetic and working condition? If so, you might want to trade in your phone.
For example, customers have a chance to trade in their phones at T-Mobile when they’re looking to upgrade or open up a new line of service. The process has a few caveats, but customers can earn credits that can be used toward the purchase of a new smartphone.
T-Mobile’s website provides an online calculator for you to find an estimate for your trade-in. While it’s just an estimate, it’s worth a try to get an idea of how much your old phone is worth. Then you can figure out how much more you will need to spend on a new phone.
As you can see, when you’re in the market for a new phone but on a contract, the process doesn’t have to hurt your wallet. There are always ways to save money — you just need to be creative and do your research.