When you’re running a promotional deal, a huge amount of weight leans on how you approach your offer. Best Buy has come up with a pretty enticing promo pitch running from now until April 16th: walk into a brick-and-mortar store with your old phone and a one-dollar bill, and you can walk out with a Samsung Galaxy S7. There is, of course, a big asterisk immediately following that.
It makes sense, of course. Surely Best Buy isn’t just going to let you walk out of the store with a brand new flagship device for less than the cost of a cup of coffee. The biggest strip of yellow tape here is that you’ll need to sign a 2-year contract with Sprint or a monthly installment plan for Verizon, AT&T, or Sprint. You get a $200 gift card on the spot when you turn in your device, so with the two-year activation, Best Buy is saying you only really end up paying $1 down for the handset. There are some other caveats as well. Depending on where you live, you might have to pay the sales tax on the Galaxy S7, for instance.
Check below to see the full fine print, for those who want to pore over the details:
Trade-in offer details: Valid in store only. Excludes prepaid and unlocked phones. Taxes/surcharges due at time of purchase. Taxes applied to price of phone prior to the gift card credit. Not all phones are eligible for trade-in and trade-in value may vary. Excludes phones that are cracked or that lack power. Not available in all locations and some stores may have additional limitations. Offer may not be combinable with other credits, discounts and offers. No rainchecks. See BestBuy.com/TradeIn for full details. Carriers, coverage and products may vary by store. Available in New Jersey. Same price new and upgrade unless otherwise noted. Best Buy may require an existing line of service to receive a new 2-year plan. Carrier requirements may include select plan subscriptions, additional data add-ons, credit approval, usage fees, taxes, surcharges and termination fees. 4G/4G LTE not available in all markets. See a Blue Shirt for details. Carriers, coverage and products may vary by store. Requires credit approval, wireless service plan, qualifying device, and an installment billing agreement for the carrier’s required term. $0 down for well-qualified customers. For all others, down payment and other restrictions may apply. Monthly device payments for term (20–30 months subject to carrier) at retail price. 0% APR. Sales tax (on total price) may be due at purchase. If you cancel wireless service, remaining balance on device becomes due. Restocking fee and other charges may apply. Number of financed devices per account limitations may apply. Subject to carrier terms and conditions. Terms subject to change. Sprint: Sprint requires eligible upgrade or new activation. Sprint Lease: Credit approval required. Terms for all other customers will vary including amount due at signing and taxes/fees. Requires qualifying device and service plan. No security deposit required. Upon completion of lease term, customer can continue to pay monthly lease amount, purchase or return the device. Customer is responsible for insurance and repairs. Early termination of lease/service: Remaining lease payments will be due immediately, and requires device return or payment of purchase option device price.
What do you think of Best Buy’s offer for a Samsung Galaxy S7 for $1? A good deal, or just clever marketing? Let us know your take on this promo in the comments below. As always, stay tuned to Android Authority for all the latest deals coming down the pipe.