Lenovo Exchange Bonus 2026: Rs. 1,000 to Rs. 25,000 by Price Band

Lenovo India runs an exchange programme with Cashify: you get a quote for your old machine, buy the new Lenovo, and Lenovo adds an "Assured Exchange Bonus" on top of whatever Cashify pays for the old one. The page states the arithmetic plainly — "This exchange bonus is in addition to the exchange value of the product."

What makes it worth a close read is that the bonus is not a percentage and not a flat figure. It is a seven-row ladder keyed to two things: which Lenovo family you are buying, and what you spend. Reproduced exactly as published:

The rung that matters most sits at Rs. 1,20,000. Cross it on a Legion, Yoga, IdeaPad 5 or LOQ and the bonus is Rs. 25,000. Spend exactly the same money on a machine in the "All Other Laptops, Desktops & AIO" row and the bonus is Rs. 10,000. Same outlay, Rs. 15,000 of difference, decided by the badge on the lid.

The gentler version of the same effect sits lower down the ladder: in the "All Other" rows the bonus steps Rs. 2,500 → Rs. 5,000 → Rs. 10,000 → Rs. 15,000 as the spend crosses Rs. 60,000, Rs. 80,000, Rs. 1,20,000 and Rs. 1,50,000. A machine priced just under a band edge earns the lower bonus, which is worth checking before you configure.

Monitors are the outlier. One row, no price bands, Rs. 1,000 on any purchase value.

The page sets out a six-step process. The part most people will care about is step 5, quoted in full: "Upon successful verification, you will receive the Exchange value from Cashify (within 7 days) and the Bonus amount from Lenovo (within 30 days)."

So the trade-in payment and the bonus are two separate payments from two separate companies on two separate clocks. Nothing is netted off the price of the new machine at checkout on this page's description — you pay for the Lenovo, then the money comes back in two instalments.

Before that, step 4: "Cashify representative will contact you within 48 - 72 hours to pickup your old device and verify the specifications." The same step adds that "Exchange value submitted by Cashify is subject to change basis Cashify's T&C."

And step 7 is a practical trap worth avoiding: "Please ensure that you mention the same contact details (Mobile number & Shipping address) for both Lenovo product purchase and Cashify exchange."

The terms of use on the page are Cashify's, not Lenovo's, and they are explicit that the number you see at the quoting stage is provisional: "All quotes are pending our evaluation of the device and no binding offer is made until we have had a chance to inspect the device. We reserve the right to change our quote at any time."

Three named grounds for changing or withdrawing it, quoted as published: if the device is found to be "A) a different brand or model than originally quoted, B) missing any parts or accessories not captured on valuation, C) in a different condition than stated". The practical reading: declare the dents, the missing charger and the exact model number at quoting time, because all three are checked at pickup.

There is also an ownership and paperwork requirement that is easy to miss: "You must have a stored copy or a photocopy of id proof and indemnity bond signed which proves that you own the right, title and all legal interest in the device", and the device "may not be counterfeited, stolen, or contain harmful or offensive content of any nature."

This is the clause that frames everything else on the page. Lenovo publishes the terms but disclaims the service: "The Buyback Services (‘Services’) are provided by Manak Waste Management Pvt Ltd. (‘Cashify’) at its sole discretion and you agree to the Terms of Use of Cashify before availing the same. Lenovo is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained either on Cashify's Terms of Use or the services provided by them. Lenovo is displaying the Terms of Use AS-IS."

Two more Cashify terms sit alongside it. On changes: "We reserve the right to modify this Agreement at any time without giving you prior notice… Terms and conditions modifying the Agreement are effective immediately upon publication." On continuity: Cashify "may stop (permanently or temporarily) providing the Services (or any features within the Services) to you or to users generally at Cashify's sole discretion, without prior notice to you."

The bonus half is Lenovo's. The valuation, the pickup, the inspection and the first payment are Cashify's. Knowing which company owes you what is the single most useful thing on the page if something goes wrong.

• Which row your machine is in. Legion, Yoga, IdeaPad 5 and LOQ have their own rows above Rs. 80,000; everything else falls into "All Other Laptops, Desktops & AIO".
• Which side of a band edge the price sits on. The published edges are Rs. 60,000, Rs. 80,000, Rs. 1,20,000 and Rs. 1,50,000.
• That your declared condition matches the machine. Brand, model, missing accessories and condition are all named as grounds to revise the quote.
• That both orders carry the same mobile number and address, which step 7 asks for explicitly.
• Whether you might return the new machine. If you do, step 6 says the bonus is deducted from the refund.

Everything above is Lenovo's and Cashify's own published wording, read on 12 October 2026. Programme terms, bonus amounts, price bands and timelines change without notice, and the page itself carried a "Sale Live Now!" label on the day we read it — check the current table on Lenovo's site before you buy.