Anyone understand the Samsung Subscription offer?

GLO on 08/03/2022 - 22:31

Hi brains trust,

Thought I'd run this past the OzBargain value test as I can't see how these numbers stack up.

I'm reading this url https://www.samsung.com/au/samsung-subscription/

TLDR Buy a Samsung flagship phone at RRP, pay it off over 18months and keep it.

Samsung Care Plus included, so if you damage your device you can pay a fee and get it replaced.

Alternatively, you can upgrade to the latest device every year.

The subscription costs $10 per month.

Maybe it's too late for me to figure it out but please chime in.

Use a Galaxy Fold 3 256gb as an example.

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Comments

  • notabank on 08/03/2022 - 22:40
    -3

    Welcome to OzLenovoSales someone will be right with you

    notabank on 08/03/2022 - 22:40 (Collapsed - Offtopic. Show)
  • polol on 08/03/2022 - 23:48
    +2

    It's opting you in to upgrade your phone (for RRP, generally a good number of samsung deals 3 months post release) every 12-18 months which is more common than most people would.

    The subscription fee looks free for the 18 months, so you're just on a payment plan against RRP. I would say they're hoping to attract people that can't afford RRP and also entice them to upgrade every 12 months (instead of 18 or 24 months or more).

    • AustriaBargain on 09/03/2022 - 01:21

      The good phones are like $2,000 and most people can't afford to suddenly drop that kind of cash on anything, or at least they'd prefer not to raid their savings.

      • polol on 09/03/2022 - 08:58
        +4

        To me if you're only willing to buy a 2k phone on a payment plan with strings attached then you shouldn't get a 2k phone.

        • Diji1 on 09/03/2022 - 10:19

          We live in a country where large businesses operate by giving people payment plans for goods that cost $95.

      • Diji1 on 09/03/2022 - 10:18

        The good

        By good you mean the ones that look as though you can afford to pay $2,000 for them right?

  • vinnychase on 08/03/2022 - 23:55

    upgrade to the latest device every year:
    Upgrade = means them taking your old phone back
    Every year= 12 months
    The payment plan is for 18 months therefore you will have paid 66% of the old phone when they take it back.
    I hope you understand the issues with that deal?

    • Mr Haj on 09/03/2022 - 09:02
      +1

      so the interest they are charging is in the form of a 2nd hand phone?

  • donga100 on 09/03/2022 - 12:04
    +2

    A look at the figures:

    Scenario 1
    Buy S21 Ultra at launch for $1500
    Sell it on FB Marketplace 12 months later for around $900 (based on a quick search and accounting for negotiation)
    Buy S22 Ultra at launch for $1500

    Total cost = $2100

    Scenario 2
    Buy S21 Ultra via Samsung Subscription for $1700 (assuming same $150 off RRP deal applied) but only pay 2/3 = $1133
    Give back phone for free
    Buy S22 Ultra via Samsung Subscription for $1700

    Total cost = $2833

    I guess there is an advantage to not paying upfront but I can't see how it is worth an extra 35% or $733. The included Samsung Care+ is only worth $187 (18 months instead of 24 months for $249).

    By the way, there is no $10/month fee for Samsung Subscription. The $10 fee referenced in the fine print is what Latitude would normally charge you for this loan but it is waived if you are only using it for Samsung Subscription.

    • lachhelix on 09/03/2022 - 12:54

      I guess the 35% is the lazy tax.
      Don't have to deal with people on marketplace 😂

    • TheGamer on 13/03/2022 - 23:17

      I'm trying to understand this line but confused now. What are your thoughts?

      You will be entitled to upgrade your Eligible Device for a New Device at no additional cost

      • donga100 on 14/03/2022 - 11:36
        +1

        It's in section 6 of the terms and conditions:

        6.2 Once you have upgraded your Eligible Device to a New Device, Samsung (through Asurion)
        will pay the outstanding amount owed on your Payment Plan for the Eligible Device to
        Latitude.
        6.3 You will commence a new Payment Plan with Latitude for the New Device.

        It's as a described in my comment above:

        Buy S21 Ultra via Samsung Subscription for $1700 (assuming same $150 off RRP deal applied) but only pay 2/3 = $1133
        Give back phone for free
        Buy S22 Ultra via Samsung Subscription for $1700

        Total cost = $2833

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