Cashify algo - designed to reduce sell value rapidly?

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Deal Cadet
mango-man

Few days ago I checked the resale value of a 5-year old budget smartphone on cashify. The sell value quoted was around 1k. Today I decided to sell it and went to the website again, only to find that the quote reduced to 400. Have noticed this phenomenon many times before in the past. I can understand a slight drop in price over time, but a 2.5x reduction within a week is too much.

Is cashify’s algorithm designed to reduce the quote of a specific model as it recieves more enquiries? Is it user-specific or does the quote reduce for all users? (Doesn’t seem user-specific, I tried checking from different devices and accounts)

Any way to bypass this artificial drop in value and get the fair value quoted originally?

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Deal Subedar Deal Subedar
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it may depend on the number of people looking to buy that refurbished device from them.

infact for some devices 2-3 days after we equire the price for sale, they send coupons for 100-300 extra value

Deal Cadet Deal Cadet
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Tjs15 wrote:

infact for some devices 2-3 days after we equire the price for sale, they send coupons for 100-300 extra value

yeah that was basically why I was waiting to sell, but now the price itself has dropped too much.

Deal Cadet Deal Cadet
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Or have the prices temporarily dropped because of the sale running on amzn/Fk? Many people would be buying new mobiles now and selling their old ones, so there may be a temporary surge in the supply of used phones.

Kolkata Knight Riders Kolkata Knight Riders
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Apply the Coupon Code WCC4- Get 100Rs Off and if you keep searching every day on your SMS and they will send you 250Off SMS Code! Just wait 

Deal Cadet Deal Cadet
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shraaj wrote:

Apply the Coupon Code WCC4- Get 100Rs Off and if you keep searching every day on your SMS and they will send you 250Off SMS Code! Just wait 

Bhai, that’s why I waited, but price decreased by 600. Then what’s the use of 250 code?

Kolkata Knight Riders Kolkata Knight Riders
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mango-man wrote:

Bhai, that’s why I waited, but price decreased by 600. Then what’s the use of 250 code?

Still Wait, The Price will attained original in few weeks!

Deal Cadet Deal Cadet
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go check the same device on buying page and it might come back up, play the algo like an algo  😄

Deal Lieutenant Deal Lieutenant
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mahachor cashify

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