Smartphone major Xiaomi has announced a Mi Smart Upgrade scheme for its customers. It is a buyback scheme under which the company will offer up to 70% exchange value on Redmi and Mi devices.
“With users looking at upgrading to the latest offering under the Redmi or Mi portfolio, they can opt for this plan to upgrade and enjoy new models, at an affordable price point,” the company said.
As announced by Xiaomi, users can exchange their old Redmi and Mi devices with an exchange value ranging from 40% to 70% on the selling price. The phones can be exchanged after 3 months of purchase till 15 months. With this plan, users can get up to 70% of assured value within 4-6 months, 60% for 7-9 months, 50% on 10-12 months and 40% on 13-15 months, from the date of purchase and final billing.
Additionally, Xiaomi customers will get an assured buyback value of 40% of the suggested retail price even after the warranty expires. The option will be available till 15 months from the date of purchase of the old device.
Mi Smart Upgrade plan will be available at Mi authorized retail outlets and can be activated through an enrolment process. These buyback options will be available at a starting price point of Rs 399 for devices such as the Redmi 9 Prime. The price will go up to Rs 1,999 on premium smartphones like Mi 10.