While planning to buy a new smartphone, people now not only look at the camera, processor and design, but also consider the price. Prices of new smartphones are also increasing due to increase in cost of technology like chipset and camera. In such a situation, it is becoming difficult for many people to buy a good phone in a budget. This is the reason why now consumers are also turning towards refurbished smartphones.

Demand for refurbished phones grew by 13%

As new smartphones become more expensive, the demand for refurbished phones in India is increasing. According to media reports, the demand for this phone has increased by up to 13%. Consumers are now considering refurbished phones as an option to get better features at a lower cost. Due to this, the popularity of such smartphones is increasing in the market.

More focus on phones between ₹20,000 to ₹45,000

Consumer interest in buying refurbished smartphones is not limited to low-cost phones. Models available in the budget of ₹20,000 to ₹45,000 are also attracting people. Buying a new phone for this amount can get one a mid-range model, while the refurbished market offers an opportunity to buy an old premium smartphone in the same budget.

Also like older models of iPhone and Samsung

Premium phones from brands like iPhone and Samsung are preferred by the youth, college students and content creators. But the price of the new flagship model can range from ₹70,000 to ₹1 lakh. In such a situation, it is not easy for every customer to buy them. Older premium models can be found for between ₹20,000 to ₹45,000 in the refurbished market. This gives an option to use an expensive brand of phone in a low budget.

Phones are tested before purchase

There is a difference between a refurbished phone and a normal second hand phone. Before reselling a refurbished phone, its condition and functionality are checked. In this, battery, screen, camera and other important parts are checked. Defective parts can also be replaced if necessary. However, how well the investigation is done depends on the seller. So, before buying a phone, it is important to know its condition.

Easy to buy with warranty and EMI

Many online and offline platforms offer 6 months to 1 year warranty with refurbished phones. Some sellers also offer EMI and phone exchange facility within a limited time. Such features can increase the confidence of customers and make it easier for them to make a decision to buy a phone. However, please read the warranty terms and replacement policy before purchasing.

Premium features may be available at a lower cost

The big advantage of refurbished phones is that customers can buy an older premium model with 5G connectivity, better cameras, faster processors and AI features at a lower cost. But while choosing a phone one should also check whether it is getting software updates or not and how good its battery is.

The choice is growing even in smaller cities

The demand for refurbished smartphones is no longer limited to big cities like Delhi, Mumbai and Bengaluru. Even in smaller cities and towns, consumers are showing interest in buying them. Access to such phones is becoming easier through online platforms and local shops.

What will the refurbished phone market look like in the future?

Rising prices of new smartphones are giving the refurbished phone market an opportunity to grow. Reusing old phones can also help reduce electronic waste, i.e. e-waste. However, don’t rush to buy the phone after seeing the low price. Make a decision only after checking its battery, screen, camera, warranty and seller’s credibility.

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