Financial Fellow

Financial Insight for Young Professionals

Did I get this TV for the Lowest Price Possible?

August 17th, 2009 · 6 Comments

Written by J.P. Wicklein

     My girlfriend and I decided to join the 21st century and replace our tube television with a new, 40” LCD television.  After much deliberation and research we settled on a Sumsung 40” LCD television with 1080p and 120 Hz (model #LN40B630). 

     I spent a couple hours attempting to find it for the lowest price possible.  Eventually I determined that the best deal was through Amazon - $999.00.  The question I have for you:  Did I get this TV for the lowest price possible? 

The price search

     The first place we looked for the TV was Best Buy.  Their price was $999.99, $400 off the regular price of $1,399.99.  With sales tax Best Buy’s final price was $1,076.98.  To avoid paying sales tax I turned to the internet. 

     The cheapest price I found on the internet was $885.00, through ShopDigitalOnline.com.  Once the $119 shipping charge was added, though, ShopDigitalOnline.com’s total price came to $1,004.00.  After filtering out other, more expensive, e-tailers I visited Amazon. 

     The beauty of Amazon is that they don’t charge for shipping on items over $25.  At $999.00, Amazon came in $0.99 cheaper than Best Buy.  Since Amazon doesn’t assess sales tax, or charge for shipping, their final price remained $999.00.  I decided that Amazon offered the best price on the new Samsung TV, so I bought it through them. 

     I’m pretty sure I couldn’t have gotten the TV from anyone else for less.  You tell me, though.  Did I get the Samsung LN40B630 for the lowest possible price?  Add your comments below!

Photo by:  visualpanic

Tags: Save Money · Uncategorized

6 responses so far ↓

  • 1 Shadle // Aug 17, 2009 at 5:27 am

    Depends on your form of payment. Using a credit card could potentially get you a “reward” (e.g. cash-back bonuses, gift certificates, etc.). For example, had you bought this with a Chase Amazon credit card, you would have gotten an additional 3% back (towards Amazon gift certificates). On the other hand, if you used a credit card and don’t pay off the balance on your next bill, that pretty much cancels out any rewards.

  • 2 RJB // Aug 17, 2009 at 8:37 am

    When you have a specific product in mind, aggregator sites come in handy. I punched the product number into Google Products (formerly known as Froogle - I so wish they had kept that name). I see a few prices below what you paid, but on sites that charge for shipping. I think you did well.

    What I can’t easily answer is whether you could have done better with a Sony or LG or Vizio or whatever other brand with the same specs. They’re almost all the same technology inside.

    Also, I carry an Amazon.com Visa card, so I second Shadle’s thoughts. That purchase would net me $30 for future Amazon purchases.

  • 3 Financial Fellow // Aug 17, 2009 at 9:39 am

    Shadle -

    Good point on the Amazon.com Visa Card. 3% back is pretty good. I used a United miles card instead… $30 back would’ve been nice, though.

    RJB -

    I’ve seen price comparisons on Google before. Couldn’t find them yesterday so I just went to Yahoo Shopping. I agree, Froogle is a cool/appropriate name for their service.

    I agree that I may have been able to find a better deal on a TV with the same specs that’s made by another manufacturer. I just have a thing for Samsung - rational or not…

    Thanks to both of you for your feedback!

    John

  • 4 AK // Aug 17, 2009 at 6:14 pm

    I got the exact same TV just a couple of weeks ago. Same process (although I ended up getting it from Vann’s). Watched online dealers fluctuating up and down in the 1100-1300 range, but bought it for $999.00 the moment I saw it drop.

    Seems like Samsung only allows certain models to be subject to such pricing fluctuations. A couple of weeks of research payed off… $400.00 savings was certainly worth it.

    Cheers,
    AK

    P.S. Good choice with Samsung — they are also a (relatively) green company.

  • 5 Financial Fellow // Aug 18, 2009 at 8:14 pm

    AK -

    Thanks for your comments. Glad to hear that you like the Samsung. I’m looking forward to receiving delivery on mine next week.

    John

  • 6 Financial Fellow // Aug 18, 2009 at 8:17 pm

    Big Thanks to John Hoeffleur for drawing my attention to http://www.slickdeals.net. It’s a bulletin board where readers post great deals they find on various consumer goods. Thanks again, John.

    John

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