Whether you’re a student, a teacher, or anybody else with the itch (or desperate need) for a new computer, it’s a good time of year to find deals. Follow these rules to save money on a new computer.
1. Don’t stretch—or go into debt—to buy the latest and the greatest.
When I went to college, I bought my first computer with money I had saved from a summer job. I bought a Gateway desktop with Windows 95 for the bargain price of $1,700. And back then, that was a deal!
Last month, I bought a brand new laptop for about $800. Like my college desktop, this laptop will be obsolete in a year. My father was right: Wait as long as you possibly can to invest in technology; it only gets better and cheaper by the day.
2. Buy only what you need.
In order to write college papers and conduct business in today’s wired world, some kind of computer is almost a necessity. But like a Honda Civic can get you to work the same as a Mercedes, most people don’t need a $5,000 12-Core Mac Pro to make a few PowerPoint slides.
Don’t know what you need? Ask a friend. Don’t let a Best Buy salesman talk you into features you don’t need; ask a friend or colleague who knows a thing or two about computers. Not knowing what you need when you walk into a computer store is like meeting a pack of hungry wolves when you have steak in your back pocket.
3. Find the discounts.
Only suckers pay the sticker price for a car. The same can be said for computers. At the very least, buy your computer on sale, or scour the internet for an even better price.
Even better, check with your employer to see if they have a corporate account with a computer manufacturer like Dell or Apple. (Students, don’t forget about Apple’s education discount).
4. Buy refurbished.
There are plenty of sites that sell refurbished computers that are only one or two years old. They’re priced several hundred dollars less than a comparable new computer and, though used, they come with warranties. For the price-conscious computer shopper, a refurb computer is a smart way to go.
According to a PC World article on refurbs:
The best place to buy a refurbished system is directly from an established PC manufacturer or mail-order vendor that provides complete product and warranty information and responsive customer service. If you’re tempted by a too-good-to-pass-up deal at an auction site, be careful. It’s almost always risky to buy a used PC from an individual, since in many cases you’ll have no warranty or customer support to turn to when something goes wrong (and don’t assume it won’t).
That said, one indy site for refurbished macs I really dig is SmallDog.com.
5. Leave enough time to make an informed decision.
Give yourself enough time to shop around. If you buy a computer at full price and it’s on sale a month later for 30% less, you will not be happy. Research when a new product is being launched and chances are you will be able to pick up a new “older” model for a lot less.
What about you? Ever scored a sweet deal on a new computer? How’d you do it?
Earn and save more with our free course:
Join over 15,537 other young professionals. Get our best money hacks to get out of debt by 30, increase your income this year and invest for financial freedom.
100% free! I will NOT spam you and I will NOT share your email.