Best Time of the Year to Buy a TV: I get it, getting a brand new TV can be pretty expensive sometimes. But the good news is, it doesn’t need to be that way. There are some important times in the year when buying things just get cheaper, So you don’t need to worry. just read through this article to know when to buy TV.
When it comes to buying a new television, “when” you buy a TV is as important as “what” TV you buy. It’s an economic issue, as retailers, both on- and off-line, tend to offer good discounts on televisions on a seasonal basis.
Why does seasonality match up so well with discount television purchases? Primarily because of what’s on TV at a given time.
The bigger the event, the more likely video consumers will want to see that event on the best television possible. Additionally, retailers are more open to discounts on TVs around the holidays.
Best Time of the Year to Buy a TV
Still, seasonality carries the day. TV manufacturers and retailersunderstand consumer behavior and go out of their way to offer deep discounts on new televisions based as much on calendar dates as any other reason.
If you’re looking for a TV deal that matches the size of your dream big screen, timing is everything. Below is the time to buy a TV
1. First Week of January
Buying a new television in the first week – and the last week – of January is a smart financial move.
After Jan. 1, manufacturers and retailers cut consumer electronics prices to move the remaining inventory to make room for new models. Post-holiday price cuts of 30% or more are not uncommon in the first week of the new year.
2. Late March and Early April
Like the automobile industry, consumer electronics manufacturers roll out their new models at a specific time every year. For TV makers, that time is early spring.
When the new models start appearing in late March, consumers can clean up on last year’s models, with discounts from 25% to 35%.
3. Super Bowl season
The super bowl season is always in January and February. It is an ideal event to highlight TVs, especially those with larger screens.
Also, current TV models have been out for nearly a year by February, so there’s been a natural decrease in price, says Jim Willcox, senior electronics editor at Consumer Reports.
Shoppers may be catching on. Some 17% of Americans plan on purchasing a new television during Super Bowl sales in 2020, according to a recent NerdWallet survey conducted by The Harris Poll. That equates to 43.3 million Americans.
What to expect: Football-inspired sales start in January and run until the Super Bowl in February. In the past, Putman said the sweet spot for savings was on 49-inch to 65-inch sets.
4. Black Friday
Amazonisn’t alone. A wide assortment of retailers discount just about everything on Black Friday, and TVs are typically among the doorbusters.
Putman advises skipping the crowds. However, Willcox points out that major retailers compete on Black Friday, and in the age of online shopping, pricing is often reactive; stores can respond to competitors’ prices in real-time throughout the day.
You’ll also discover that some manufacturers create special TV models specifically for Black Friday. Willcox says these sets, called derivatives, can be similar to current models but might lack some features.
If you search for an advertised model number and can’t find any user reviews or don’t see it sold anywhere else, it’s likely a derivative.
The holiday season is the best time to purchase a TV at Amazon, a company spokesperson says, “particularly the weeks of Black Friday and Cyber Monday when customers can discover a wide range of TV brands available at great prices.”
5. Dec. 26
Okay, this is only one day, but the sales kick in right away after Christmas Day – the end of the holiday shopping season.
The day after Christmas represents an opportunity for retailers to start thinning out excess TV inventories since so many consumers are back at the malls or at digital shopping sites in big numbers to return unwanted items and peruse any post-holiday sales. That makes Dec. 26 a good day to buy a new television at a discounted price.
6. Amazon Prime Day
In 2019, Amazon Prime Day is July 16, starting at 3 p.m. That’s a good date and time to pop into your mobile phone calendar if you’re looking for a new TV, and don’t mind waiting a while.
Why? Because Amazon (AMZN), Get Report Prime Day is a consumer electronic lover’s dream, with discounts. In 2018, for example, a Sony (SNE) – Get Report KD49X72E 49-inch 4 HDR TV went for the low price of $438.
Samsung, (SSNLF) Sony and LG TVs are at bargain-basement prices on Amazon Prime Day – good quality at good prices makes Prime Day worth waiting for.
There are plenty of other ways to save on TVs besides looking at the calendar. Tune in and check these tips out for size:
1. Follow the Numbers
One “big picture” tip on buying a new TV is following the economics behind consumer electronic sales.
If those sales are down at any given month, it’s a good time to strike, as retailers won’t want to be stuck with excess inventory, and will cut prices.
Conversely, if electronics sales are strong, retailers will likely see no reason to offer discounts, making that a good time to wait until TV prices decline (or wait until holiday season discounts, when price cuts are abundant no matter how the economy is doing.)
2. Do a Video Check
Don’t buy until you’ve actually seen the TV you’re aiming for – in person. That way you can check out the video quality and screen size, and make sure it fits nicely into the room you want, and the way you (i.e., mounted on the wall or on a television stand.)
3. Focus on Open Boxes
Buying an open-box TV may save you hundreds of dollars off the regular price of a new television. Open boxes are almost always customer returns that are sold at a steep discount.
If you don’t see one on the floor at your favorite retailer, don’t hesitate to ask. Chances are that Walmart, (WMT) – Get ReportBest Buy (BBY) – Get Report or Target (TGT) – Get Report to have a few empty box deals hanging around.
4. Save on a Refurbished Television
All the major manufacturers sell refurbished TVs, and usually at a good discount.
The defect that caused them to be refurbished in the first place, like a scratch on the back of the TV or a chip on the bottom of the set is really nothing to worry about, as long as the components and the screen are okay. Just ask for a warranty before you sign on the dotted line.
5. Get a Discounted Gift Card and Save on the Difference
Online gift card sites like Cardpool.com and Raise.com sell gift cards at a discount – usually about 5% or more. Visit the site, buy a card at a chain store or online site that sells TVs, and cash in on the savings.
6. Leverage Social Media
If you sign up as a follower on your favorite consumer electronics or retail site, and the chances are, sooner or later, you’ll get a text or email signaling discounts on a brand-new TV.
If you’re patient, you can strike a good deal just by joining up and being social.
Getting a good deal on a new television is easier than you may think. Just follow the calendar, aim for a day or week that works for you, and strike while the deals are hottest. Chances are, you’ll save big bucks in the process.