Xiaomi announces Mi Smart Upgrade program, offers up to 70 percent buyback value: here’s how it works

Ahead of the festive season in India, Xiaomi has announced its Mi Smart Upgrade program. This program is aimed at those who are in the market for a new smartphone and looking to upgrade their Redmi or Mi device. Using the Mi Smart Upgrade buyback scheme, existing Redmi or Mi smartphone owners will be able to trade in their old phones for the latest devices in Xiaomi’s portfolio.

Also read: Xiaomi Mi 10T Pro review: a worthy competitor to the OnePlus 8T

This announcement comes close on the heels of  Counterpoint Research’s report that pegged Samsung as the number one brand in India in Q3 2020. Notably, Xiaomi was the top brand in the country for three years previously. The new buyback program will help Xiaomi retain existing users. Here are all details of the Xiaomi Mi Smart Upgrade program.

Mi Smart Upgrade announced for Mi and Redmi phone users

The Mi Smart Upgrade is a buyback scheme for Redmi and Mi devices. Xiaomi users who want to upgrade their devices to the latest offering by the brand can now do so at an affordable price point. As part of the Mi Smart Upgrade program, Xiaomi will offer up to 70 percent exchange value for old devices. User can trade their devices any time from three months 15 months of purchase.

Xiaomi is offering up to 70 percent of assured value on devices that are within four to six months of the date of purchase. Devices within seven to nine months, 10 to 12 months and 13 – 15 months of purchase will get up to 60 percent, 50 percent and 40 percent assured value, respectively.

The Mi Smart Upgrade Plan can be purchased as an add-on starting at Rs 399 for budget smartphones and goes up to Rs 1,999 for flagship smartphones. The plan can be availed from Mi authorized retail outlets and requires users to enrol through minimal documentation.

Abhiman Biswas

Abhiman is obsessed with all things tech. His hobbies include reading on his Kindle and clicking random pictures on his phone. His secret superpowers happen to be mixing great cocktails and lip reading. In his spare time, you are likely to find him cleaning his aquascape, researching new species of aquatic fishes and planning which aquatic plants to buy next.