Updated August 18, 2014

Best Time to Buy a Laptop

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Have you finally decided to bite the bullet and replace that outdated, sluggish laptop? When browsing for a new computing partner that best suits your needs, you will quickly find prices that range from very affordable to somewhat outrageous. But if you stick to certain times of the year, you could save a nice chunk of change without having to settle for an inferior product.

CreditDonkey narrowed all the days of the year to just a few for you to get a decent deal on your next laptop.

April

If the laptop you are searching for is manufactured in Japan, April may be the perfect time to snag a good deal. The fiscal year for Japanese manufacturing plants ends in March. Therefore, the retailers will need to make room on the shelves for the new items. You may be able to save up to 20% on select models.

Back to School Time

With the influx of students in stores shopping for school supplies comes discounts on select items. And laptop manufacturers definitely take advantage of the opportunity to acquire new customers by offering irresistible deals, especially for college students who practically have no way of getting around purchasing a laptop. Since demand is highest at this time of year, though, discounts in general aren’t too deep. You’ll probably see advertisements offering $20 to $100 off, but on a $500 laptop (which is toward the low end of the price spectrum), that’s a savings of just under 20%.

Right Before Labor Day

And once the back to school rush has died down and the students are all settled, any excess inventory is usually offered at a much lower rate. So, if you are able to hang in there for a week or so, you could save a nice chunk of change. Be sure to make your laptop purchases before the end of the Labor Day sales in late August/early September, though – these sales end prices will ramp back up until the holiday sales that begin on Black Friday.

Late November

We’re all familiar with Black Friday - the most popular shopping day of the year that rewards diligent and patient customers. If you’re lucky enough to score an irresistible deal on a brand new laptop after waiting in a line for hours, kudos to you. But for everyone else, Cyber Monday is always an option – and a much more convenient one. Just be sure to compare the sale price to the standard retail price to get the best bang for your buck. This is the time of year when discounts are likely to be most eye-catching. Look for deals in the 25-50% range.

Post-Holiday Shopping Period

Once the season to be jolly has blown over and everyone is back to reality, take a trip to the store to score a deal on what remains of the holiday shopping frenzy. While the discounts may not be quite as steep as Black Friday’s, you’re very likely to see better deals than those offered around back-to-school time. It’s perfectly reasonable to expect discounts in the 15-25% range.

Bonus Tip

Many of the stores that offer deals on laptops have store credit cards that might offer additional purchase incentives, especially on big-ticket items. The Walmart credit card, for example, offers cash rebates that rise in value as your spending on the card increases, while the Best Buy credit card has a reward program that earns rewards back on all Best Buy spending. If your next laptop will be found at one of these stores - and it’s a retailer you frequent - you may benefit from signing up for such a card.

If you find yourself shopping for a laptop outside of these time frames, check out models that have been on the market for some time to alleviate the hefty price you have to pay to get first dibs. Also, be on the lookout for added extras, such as free shipping, and deals on bundles.

(Writing by Allison M, Analysis by Leah N)

More from CreditDonkey:


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