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After-Christmas, Year-End, and Clearance sales are a great time get some good deals, but you can also end up with a purchase disaster. This is where the consumer needs to shop smart. Don't just grab the newspaper AD and run down to your local consumer electronics retailer without arming yourself with useful knowledge and tools to get the most from your dollar.
These may not always be the best known name-brand models, but can be a good value, as long as they are available. These items are usually the first to go in an after-Christmas sale, so get to the store early the day after Christmas for the best chance of grabbing one of these products.
This is my favorite bargain-sale category. Here is the "scoop". Every January, the CES (Consumer Electronics Show) is held in Las Vegas in which all the consumer electronics manufacturers from around the World unveil their products for the coming year.
So, in order to "get rid" of the currently overstocked model, retailers will often place notice of a significant price drop on the older model. However, many consumers don't react well to the word "clearance", which gives the connotation that the product may be, in some way, inferior to a newer model (that may or may not be the case in reality). Therefore, the promotion for the old model often carries an AD notice of a "Price Drop", "Instant Discount", or "Instant Rebate" or even "Special Purchase". Also, an additional indicator of a clearance item is in the fine print; check for the phrases "While Supplies Last" and/or "No Rainchecks".
If you are bargain hunting, this could end up being a great deal. The retailer gets rid of a product that will soon be discontinued and the consumer gets a great price. If you don't need the latest and greatest, and the "clearance" product has everything you really need, this could work out well. The key is to make sure the product meets your needs by checking out the features ahead of time on either the manufacturer's or store's website, if possible.
When it comes to returns and exchanges, stores want to turn these around as quickly as possible. A great example is a $29 DVD player. You wake up on Christmas Day and find out that you got a $29 DVD player from your significant other and another $29 DVD player from your parents. Of course, politically you have to decide which one you take back, but, without opening the box you take one back and exchange it for something else. However, you are not the only one. When you arrive at the store you are in line with ten other people coming back to exchange the same DVD player.
In addition, note how the accessories are packaged. Are the cords, remote, and manual in their original packaging (which may indicate the product may not have been used), or are they obviously repackaged (which would most likely indicate the product was used for a period of time)? Lastly, if anything is missing, negotiate for a lower price that would realistically make up the price of the missing items. THREE - If the box has been opened, ask to see the item plugged in and working before you leave the store. FOUR - Also, check to see if there is a date code on the open box label or price sticker. This won't tell you how old the product is, but it does tell you how long the item has been sitting on the shelf as open box item.
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