Xiaomi India has partnered with an Indian startup named Cashify to offer exchange plans for their upcoming smartphones via Mi Home. According to this new partnership, the users can get a new Xiaomi branded smartphone by exchanging their already existing smartphones.
So, depending on the condition of your smartphone, the phone will be valued. For the rest of the amount, a user can make either cash payment or debit or credit card. However, if your smartphone has a higher value than the new smartphone that you are purchasing, then, the company won’t return any cash, instead, one can opt for the accessories for the remaining price tag.
The users can check the resale value of their smartphone in the upfront, by downloading the Cashify app from the play store. The app goes through the different aspects of your smartphone like display, camera, cellular connections with different algorithms. Finally, depending on the physical conditions and the warranty left, the company will quote a price tag. Later on, the phone can be scheduled to pick up from your place, where a final inspection will be carried out.
However, if you visit a Mi Home near you, all these tasks will be taken care of the company itself. So, you don’t have to worry about anything. As a matter of fact, one can only exchange one smartphone at a time to buy a new Xiaomi smartphone. If you have more than one old smartphone, then those values cannot be clubbed to make a higher resale value.
So, if you like to get most out of your old smartphone, this is one the best way to do it. Or, you can pass on to your family members. Currently, one can get a wide range of smartphones ranging from the flagship Xiaomi Mi MIX 2 to the cheapest Xiaomi Redmi 4A.
We downloaded the Cashify app on our Xiaomi Redmi Note 4 with 4 GB RAM and 64 GB onboard storage. The app gave a value of ₹4,900, considering the fact that, the device now retails for ₹11,999. So, for an 11-month-old smartphone, this is a great deal.
Here is the official product statement from Xiaomi India:
“In collaboration with Cashify, we have introduced a new programme – Mi Exchange which lets you exchange your old smartphone for a new Xiaomi smartphone. What you need to do is simply bring your old smartphone to a nearest Mi Home,”
So, what do you think about this new offer from Xiaomi India? The No. one smartphone seller is making a lot of efforts to maintain their position.