When it comes to buying a new phone, there are many options to consider. One choice is between purchasing from a retailer like Costco or a wireless carrier like Verizon. Both have their pros and cons, and it’s important to weigh the options before making a decision.
So, let’s find out which is the best option when Buying Phones From Costco vs Verizon.
Price Comparison
One of the main factors that consumers consider when buying a phone is the price. So how do Costco and Verizon compare in terms of pricing?
Overall, Costco tends to offer phones at a lower price than Verizon. This is because Costco is a “wholesale club,” which means that it has bulk purchasing power and can negotiate lower prices with manufacturers and carriers.
On the other hand, Verizon stores tend to charge more for phones than Costco, but it does offer regular deals and discounts for online purchases, which can lower the cost of a phone.
Phone Activation and Upgrade Fees
Another factor to consider is the activation and any upgrade fees that may be charged by the carrier. These can add significantly to the overall cost of a phone, so it’s important to know what you’ll be paying.
Costco tends to waive activation fees for its customers. However, this is not always guaranteed, and you should check with your local Costco before making your purchase. On the other hand, Verizon charges an activation fee for new phone purchases.
And it’s the same with upgrades; Costco does not charge upgrade fees to its customers. In comparison, Verizon charges an upgrade fee for customers who are upgrading their existing phones.
All this makes Costo a far better option for buying phones.
Phone Return Policies
Another important factor to consider is the return policy of the retailer. If you’re not satisfied with your phone or encounter any issues, you’ll want to know what your options are for returning or exchanging the device.
Costco offers a 90-day return policy for phones, which is one of the longest in the industry. However, there are some restrictions on returns, such as the need to contact the Wireless Advocates within 14 days of purchase and pay an early termination fee if applicable.
Verizon’s return policy is somewhat more restrictive, with a 30-day window for returns and a $50 restocking fee. Like Costco, Verizon also charges an early termination fee if you return the phone outside of the initial 14-day trial period.
Other Things to Be Aware Of
In addition to price, activation fees, and return policies, there are a few other things to take into account when buying a phone from Costco versus Verizon.
One thing to consider is the location of the phones. Costco stores have phone kiosks located near the electronics section, where you can browse and visually compare phones from different carriers. Verizon stores, on the other hand, typically have a dedicated section for phone sales, where you can see and touch the phones before making a purchase.
Another thing to consider is the availability of phones. Costco tends to have a limited selection of phones for sale, as the company focuses on bulk purchasing and negotiating lower prices rather than offering a wide range of options. Whereas Verizon typically has a larger selection of phones to choose from.
Finally, it’s worth considering the level of customer service and support that you’ll receive when buying a phone from Costco versus Verizon. Costco stores do not have dedicated phone sales staff, so you’ll need to rely on the general store staff for assistance. Whereas Verizon stores have dedicated phone sales staff, who can answer your questions and help you with your purchase.
Additionally, Verizon offers in-store repair and support for phone issues, whereas Costco does not have this service.
More info about Costco
Did you ow that if you go for executive membership, you can get your phone from Costco at an even lower price? Find out in our in-depth look at the Costco Executive Membership Hours. Plus, check out the Things to Know Before Buying Costco Cell Phones in 2023.
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Or for your car needs, What Times Does Costco Gas Open Close, Is Costco Gas Good, What Time Does Costco Tire Center Open Close, and, Does Costco Install Car Batteries?
Conclusion
Buying a phone from Verison versus Costco has its own pros and cons. Costco offers phones at a lower price than Verizon and also waives the activation and upgrade fees for its customers. However, Costco has a limited selection and does not offer in-store repair or support services.
Verizon tends to have a larger selection of phones and offers dedicated phone sales staff and in-store repair and support services. However, they charge activation and upgrade fees and have a more restrictive return policy.
Ultimately, the decision to buy a phone from Costco versus Verizon will depend on your individual needs and priorities. If price is your main concern, Costco may be the better option. However, if you value a wider selection of phones, dedicated phone sales staff, and in-store repair and support services, Verizon is probably the better choice for you.
Happy shopping for your next phone!
