Key Takeaways
- Under the scheme, users pay 60% of the device's price via monthly EMIs over 24 months, with the remaining 40% paid as a bullet payment at the end of the two years.
- Participants have options to hand in their phone to upgrade to a newer model, pay the remaining 40% to keep it, or utilize early return buyback options varying from 40% to 55% depending on use time.
- The Galaxy Forever program is supported by Samsung Care+, providing coverage for accidental and liquid damage with no claim processing cost.
Samsung has launched the Galaxy Forever financing scheme for its foldable devices in India. Under this plan, customers can upgrade or keep their devices after 24 months. It also guarantees a buyback option for early returns. Also, the Galaxy Z Fold Ultra, Galaxy Z Fold 8 and Galaxy Z Flip 8 are available on a no-cost EMI plan for 30 months. Samsung Care+ covers accidental damage and liquid damage with the Galaxy Forever plan, which is for 24 months.
Samsung introduced a new payment option known as the Galaxy Forever plan. This plan has a 24-month lifespan and is only available for the Galaxy Z Fold 8 Ultra and Galaxy Z Fold 8. The Galaxy Z Fold 8 Ultra’s monthly equated monthly installment (EMI) has been slashed by Rs. 2,420, from Rs. 9,417 to Rs. 6,997, which makes this payment plan rather affordable. The EMI on Galaxy Z Fold 8 has also been reduced from Rs. 8,584 to Rs. 6,416. Under this financing scheme, users will be paying 60% of the price of the device via these monthly payments, which also includes the program fee. At the end of the two years the remaining 40% of the cost of the phone has to be paid in a bullet payment.
Galaxy Forever participants may choose from many alternatives for their smartphones after their employment ends. They may either hand in their phone to upgrade to a newer Galaxy model, pay 40% of the device’s worth to keep it or leave the program entirely. There are early return and upgrade options available with certain buyback prices which vary according on the device’s use time. The numbers are as follows: 55% of the device’s worth for returns after 10-11 months, 50% after 12-13 months, 45% after 14-18 months, and 40% after 19-25 months. The Galaxy Forever program is also supported by Samsung Care+ which gives coverage for accidental and liquid damage with no claim processing cost.
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The Samsung Galaxy Z Fold 8 Ultra is offered in four colour options: cream, graphite, Violet Shadow and Green Shadow. The basic variant with 12GB RAM and 256GB storage is priced at Rs 1,99,999 in India. The higher-end variants are priced at Rs 2,19,999 and come in 12GB RAM with 512GB storage. Finally, the 16GB RAM + 1TB storage will be available for Rs 2,59,999.
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Samsung Galaxy Z Fold 8 pricing in India begins at Rs 1,79,999 for 12GB RAM with 256GB storage. The 12GB RAM with 512GB model is priced at Rs 1,99,999, while the 16GB RAM with 1TB storage will be available for Rs 2,39,999. The foldable comes in graphite, cream or lavender.
Samsung Galaxy Flip 8 basic model price in India starts at Rs 1,24,999 for 12GB RAM, 256GB storage option and Rs 1,24,999 for 12GB RAM, 256GB storage option. The phone is available in cream, graphite, mint and pink colour variants.
