Samsung is selling refurbished Galaxy Z Fold 7 phones for more than new ones

The good news is that Samsung is now selling cheaper versions of last year's foldables. The bad news is that "cheaper" is relative.

The Korean tech giant announced on Wednesday that the Galaxy Z Fold 7 and Galaxy Z Flip 7, two phones we at Mashable really liked a year ago, are now available in refurbished form via the company's "Re-Newed" program. You can check out refurbished Fold and Flip phones on Samsung's websites, with the former starting at $1,699 and the latter at $939. In a vacuum, if you go by the phones' suggested retail prices, those are discounts of $300 and $160, respectively.

The only problem, as 9to5Google pointed out, is that you can currently get a brand-new Galaxy Z Fold 7 on Samsung's website for $1,599, which is less than the refurbished model with the same specs. The same goes for the brand new Flip 7, which Samsung is selling for $899, a slight discount from the refurbished model. Of course, the discounted prices of the new phones could just be temporary, while the refurbished prices might stay the same over time, but it still feels a little bit backward that the new phone costs less than the refurbished one right now.

That said, either way, you're getting a deal compared to the devices' launch prices. And, for what it's worth, both phones are very good foldable devices. If you want one, this might be the time to get one.