Since the mid 1990’s, technology has seen a massive increase across the world. It doesn’t matter where on the globe you are, we are all technology hungry. Buying or renting are the most common ways of getting hold of the latest technology that we all crave and desire. Let’s now take a look at some of the ways in which you can get hold of the latest technology and how to get the best possible prices.
The iPhone is an iconic piece of technology as it is still the most popular smartphone that is currently on sale. Many network providers offer you the option to either rent to own, buy now pay later or buy outright. We will now breakdown how these three options work:
Rent to Own
Let’s say that you want to ‘rent to own’ an iPhone or any smartphone. It works in a way where you can pay a monthly subscription over a period of time, which has been set by the provider. Once you have completed this term, you will then own the device that you chose to rent in the first place. To get the best prices, you could for example, go online and search the term ‘rent iPhone 7’ and this should give you a list of network providers and the deals that they are offering. The same can be said for other technologies that are available in electrical stores. You can visit your local electrical store as they often have deals where you can pay monthly for a particular product, but you will have the ownership of the product straightaway. This is a great option of how to purchase a piece of the latest technology if you are on a budget.
Buy Now Pay Later
Modern technology, when it first hits the market, is usually very expensive, and continues to increase in price. Therefore, many of us would struggle to purchase such items outright. So, the ‘buy now pay later’ option enables you to budget over a longer period of time so that you can either save the money up yourself in a separate bank account, but have the ownership of the product straightaway, with the view that you can settle the balance at a later and more convenient date. Again, check with your local retail store for any offers that may have on products which offer the latest technology.
Technology firms are always in competition with each other. You will often find that the biggest and well-known brands produce technology that is similar to lesser known brands, but at a higher cost. If you are the type of customer that wants to buy a product outright but you do not have the budget for this, you can always opt for a lesser known brand that offer a similar technologically advanced product, but at a lower cost. It is worth noting however that you must do your research to ensure that the piece is not lower because the product is inferior. The internet and electrical stores again will be able to assist you with making sure that a product is like-for-like.
If any of the above do not sound that appealing to you, but you still have our mind set on getting hold of a piece of the latest technology, you could take a look at the second-hand market. Some retailers offer discounts on items that have been purchased but returned for one reason or another. Some items are returned because they may not have met the customers expectation or it may be that the product suffered with a minor fault which has been rectified, but the customer no longer wants the product. This would mean the products are then refurbished and sold at a lower price. You do need to bear in mind that these products are still new and they will be refurbished to the highest possible standard.
The second-hand market is also a good option for technology as with modern technology, the operating system can often be updated online. Therefore, if you are not particularly interested in the latest aesthetics or design of a product, you may be able to buy an older version of the hardware but update it with the latest technology in software. This way you benefit from the latest advances. An example of this is the iPhone once again. The latest iPhone may have hardware advancements such as a better camera and will also have some hardware advancements that the previous model may not have had. However, the operating system for newer iPhone (with some exceptions related to older models) can be updated to the latest operating system that is available on the market.
As you can now see there are options for getting the latest technology on a budget we will now provide you with two more tips on how to get the best possible prices when you are in the market for a piece of the latest technology:
- It may sound obvious but use the internet to search for your product name and number. On most search engines you click the ‘shopping’ tab and list the items by price. It’s also worth pointing out that using different devices when searching is worth doing, as you can get different prices on different pieces of equipment.
- Look at reviews of the products that you are searching as some sites may offer you an alternative product that you may not be aware of and this may be at a lower price.
We have highlighted the different ways that you can get hold of the latest technology. It is now down to personal choice as for which method suits you and your budget best.