Think twice before buying a used phone on EMI!
It happened to my dad, I realized this is something that could easily happen to anyone so I am sharing...
My dad damaged his old phone by accident and needed a spare one urgently... He was looking for something cheap and was okay with second hand phone too.
He got one in OLX. The seller seemed genuine. Original box, bill, matching IMEI, phone in mint condition.
Out of doubt my dad asked him why he's selling such a new phone. To unhone bola colour kuch aur chahiye tha and non returnable tha to bech rahe...
My dad wasn't very familiar with online payments or emi processes... A few weeks later, he discovered the phone is still under an active emi.
He contacted the seller again regarding this. Thankfully he replied
"EMI pe liya tha. main bhar raha hoon. Aap tension mat lo."
Like really? This wasn't even informed before hand. Phone khareed lene ke baad pata laga...
That was enough for me to realize that buying a financed second-hand phone is a risk many people don't even think about.
Good thing... unhone bhar to diya tha emi...but my question is...
- What if the seller stops paying the EMI?
- Can the finance company blacklist or lock the phone?
- Does the new owner have any protection?
- There was no disclaimer or prior notice... what's the way to know?
Aise kaise trust kr len kisiko bhi?
So I guess it's really important that whenever you buy second hand phone from local seller...please make sure he has the bill of purchasing the phone. And that the full payment is completed by the previous owner.
And if it's under EMI, it's better to skip it. Not all sellers are trustworthy (my dad was lucky). Check certification and reviews even if buying online...
Hope this helps!