How To Save Money When Buying New Tech In Singapore

How To Save Money When Buying New Tech In Singapore

Everybody loves new tech – unfortunately, the latest and greatest gadgets often come with premium prices. It needn’t be this way, however. There are a few things you can look out for to get better prices on your tech purchases.

Follow these tips to get the best deals, discounts and savings:

1. Time your purchases

If you don’t need a new device immediately, you may be able to get it at a discount if you hold off until a sale or an IT fair arrives.

The key sales and IT fair dates to look out for in Singapore include:

January/FebruaryChinese New Year Sales
MarchIT Show
JunePC Show
June – AugustGreat Singapore Sale
September 6 – 9COMEX
November 11Singles’ Day Sales
November 22 – 25SITEX
November 23Black Friday
November 26Cyber Monday
December 12Online Fever Sales
December 25Christmas Sales

Source: COMEX

If you’re looking to purchase new tech right now, COMEX 2018 will be happening from September 6 to 9 – it’s the perfect opportunity to pick up a gadget you’ve been eyeing at a discount.

2. Use these online tools

Instead of combing dozens of shopping portals to scout out the best prices, use price comparison sites like Google Shopping, PricePanda or iPrice. These sites will automatically scour the web for the lowest prices for a particular product, although the listed prices won’t include shipping costs or any additional fees.

On top of that, browser extension RateX helps you save when buying from overseas merchants like Amazon and Taobao. RateX searches for the best exchange rates at checkout, and automatically applies any available coupon codes.

If you shop on Lazada a lot, the Lazada Price Tracker Chrome extension helps you track a product’s historical prices. This helps you find out if a product’s price is at its lowest, or if an advertised discount is misleading. Similarly, for Amazon, you can use the web-based Camelcamelcamel, which can also send you notifications via email if a product has dropped to your desired price.

3. Take advantage of cashback

Cashback tools are an almost effortless way of saving money on your purchases. Here are a few cashback tools you’ll want to take advantage of:

FuzzieShopBackCashback credit card
With Fuzzie, you can buy gift cards for over 100 brands, whether for online or offline shopping. These gift cards offer cashback values ranging from 5% to 30%.ShopBack is an online shopping portal that offers a cashback percentage if you purchase goods and services through its links. They offer cashback rates around 1.5% to 11%.Using a cashback credit card for big purchases can really help you rake in the savings. Your credit card may offer less than 1% all the way to 10% cashback – however, your actual cashback value may be subject to a monthly cap or a monthly minimum spend.

The great thing about these tools is that you don’t have to choose between one or the other – in most cases, you can stack them together to max out your potential savings.

4. Buy refurbished

If buying brand-new isn’t important to you, or isn’t within your budget, consider refurbished tech. Refurbished items may seem sketchy – after all, a big-brand item that’s going at a huge discount must surely be damaged or a knock-off. However, if you know where to look, buying refurbs could score you discounted tech that is as good as brand new.

‘Refurbished’ can mean a lot of different things, but at the end of the day, it just refers to an item that has been returned and then restored to working condition. The item may have been returned because there was a minor or major fault, or even because the buyer had cancelled an order.

When going the refurbished route, look out for a warranty for a return policy. It’s also best to buy a refurbished item directly from a manufacturer like Apple and Dell, as it would have gone through stringent testing to ensure good-as-new quality.

5. Buy older models

While consumer electronics do tend to have a short lifespan, that doesn’t mean that it’s always necessary to get the latest models.

Of course, when buying older tech, you’ll have to check its specifications to ensure that it meets your needs. Don’t spring for something so old that it’s almost obsolete.

Generally, you can’t go wrong by aiming for high-end devices that are now a generation behind, rather than ageing budget or mid-range tech. For example, flagship models like the Samsung Galaxy S8 or the iPhone 7 age quite well – their top-of-the-line specs during their time of release means that they’re still very good devices today. You’ll also save a substantial amount – the iPhone 7 Plus now costs S$1,088, while the latest iPhone 8 Plus costs S$1,308.

Alternatively, a much trickier route is to buy second-hand, although much could go wrong with buying used electronic equipment. It’s hard to inspect a device for every possible flaw, and grave faults – such as a dying battery or corrupted system files – may not show up until much later. If you’re willing to take the risk, look for reputable sellers and products that still have valid warranties.

6. Trade in your old tech

Chances are, you’re buying new tech to replace an existing device. If so, don’t just leave your old device lying around to collect dust – some retailers will allow you to trade in your old device to redeem discounts.

This week at COMEX, you can trade in your old laptop, desktop, tablet, phone or monitor to redeem COMEX 2018 vouchers. These vouchers aren’t paltry sums, either – depending on the condition of your device, you could redeem up to S$600 for an Android smartphone that was manufactured in 2016 – 2017.

One final tip…

The best money-saving tip when buying new tech is to, well, not buy at all. Easier said than done, of course. However, the lifespan for consumer electronics and tech devices are getting shorter, and are constantly being refreshed with better specs. If you can hold off on a purchase and squeeze out some extra use out of an existing device, you’d be saving a lot of money.

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