An open box item (not to be confused with a refurbished item) is a product, often an electronic, that is being resold after another customer returned it. Because they’re previously owned, these products are often steeply discounted. They are usually gently used—sometimes they were never used at all. As such, open box items are usually in very good condition. Although purchasing a product that is being sold as an open box item can save you a lot of money, it’s also important to note the following:
Because you’re buying an item that has already been returned once before, you’ll want to find out if it can be returned again. Some stores will accept returns on open box items, others might for a limited time only, and some might not accept any returns at all on open box items. These policies will vary by store, and it’s good information to know ahead of time. Even if it’s a bargain, you don’t want to be stuck with a pricy item if you do end up changing your mind.
Condition of the item
Open box items are generally in good condition, but you’ll want to find out about the condition of the specific item you’re considering. Also, while the functional condition might be fine, there are possibilities that the item might have some cosmetic issues. Even if these issues are minor, you’ll want to know about them. Carefully inspect the item’s condition prior to purchasing it, especially if the item is non-refundable.
Is the manufacturer warranty still valid since the item was previously owned? This is another important question you’ll want to ask, and if the warranty is void, it could be a potential deal breaker. If the item is very expensive and the discount isn’t that significant, you might be better off just spending a little bit more to purchase the item brand new and with a valid manufacturer warranty.
Do you need some extra cash to make an expensive purchase? Are you receiving periodic payments from a long-term payment stream, such as an annuity or structured settlement? You may have the money you need, but it’s tied up in a payment stream and those periodic payments just aren’t enough. Saving up those payments in order to get to the amount you need can be frustrating and time-consuming. But at Peachtree Financial Solutions, we provide options for people just like you who would prefer to receive their money sooner. By selling some or all of your future payments to Peachtree Financial Solutions, you can receive your cash in one lump sum payment. You can use your lump sum payment from Peachtree to pay off debt, catch up on bills, or make a large purchase. If you have questions about the process or would like to receive your free quote, contact Peachtree Financial Solutions today. We will be happy to offer you more information and help you get started.
Nothing above is meant to provide financial, tax, or legal advice. You should meet with appropriate professionals for such services.