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.

The PostMighty The PostMighty
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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?

The PostMighty The PostMighty
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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

Tech Guru Tech Guru
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kukdookoo wrote:

mahachor cashify

can you please share what went wrong ? Planning to sell my phone through cashify ? Is there anything I should know that might help me ?

Deal Lieutenant Deal Lieutenant
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topgear wrote:

can you please share what went wrong ? Planning to sell my phone through cashify ? Is there anything I should know that might help me ?

Jitna rta btaenge vo kabhi nahi denge. Chote chote nuks nikal ke kam kar denge.

Deal Cadet Deal Cadet
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UPDATE: Price has currently increased to 1.1k. Looks like the sell price depends on the supply of used phones. In May 1st week, Amzn/Fk were running summer sale, many people might have bought new phones and tried to sell their old ones, so the price might have dropped rapidly. Now it’s back to normal.

Lesson: Don’t try to sell on Cashify during sale periods, wait for some time and sell it later to get a better price.

Deal Subedar Deal Subedar
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mango-man wrote:

UPDATE: Price has currently increased to 1.1k. Looks like the sell price depends on the supply of used phones. In May 1st week, Amzn/Fk were running summer sale, many people might have bought new phones and tried to sell their old ones, so the price might have dropped rapidly. Now it’s back to normal.

Lesson: Don’t try to sell on Cashify during sale periods, wait for some time and sell it later to get a better price.

That Algo is called CALSUP: Cashify lowball surge pricing

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