Why is the price/service rate for a previous purchase much cheaper compared to a recent one?
The price of a product or service is not always fixed and can change over time. There are several factors that can impact the price, such as:
- Manufacturer price changes – Manufacturers may revise their prices from time to time, and sometimes they may increase the price when they add new features or modules to their products. To overcome the impact of these changes, it’s best to purchase multiple years in advance and pay all at once, so that you can lock in a fixed rate and enjoy savings over the long term.
- Currency exchange rates – For products sourced from overseas, changes in currency exchange rates can also impact the price. If the product price remains the same but the currency exchange rate changes, this will affect the overall cost.
- Taxation – Local taxes such as value-added tax (VAT), government sales and services tax, and import duty can also impact the price of a product or service. Any changes to these tax rates will affect the overall cost.
- Inflation – Unless a country is experiencing deflation, most countries will experience some level of inflation over time. This means that the same amount of local currency will be worth less over time, and this can also impact the price of a product or service.
E-SPIN is a global company that serves enterprise customers across various regions and countries. To make it convenient for customers, E-SPIN regularly publishes an updated service rate guide. This typically includes an annual increase in prices. However, certain service items may be subject to even higher rates depending on unique circumstances and scenarios.
To minimize the impact of price changes, it’s best for customers to plan for their long-term needs and place multiple-year orders, paying all at once to enjoy savings. However, it’s important to note that placing multiple-year orders but paying on a yearly basis is not considered a multiple-year order, and the company is subject to the running rate at the time of the purchase.
Original create 2016-Mar-26, last update 2023-Jan-2.