SK hynix runs out of replacement SSDs and defaults to original purchase price refunds — fine-print warranty clause shortchanges buyers as drive prices double
Although SK hynix is primarily known as a memory maker, the South Korean company also produces high-quality consumer SSDs, many of which previously earned spots on our list of the best SSDs. Recently, a Reddit user said they reached out to SK hynix for a warranty replacement on a malfunctioning SSD, but the chipmaker reportedly told the owner no replacement units were available and instead offered a refund at the original purchase price. However, with SSD prices soaring due to a global storage shortage, a refund like this would be insufficient to buy a comparable drive in today’s market.
Commentfrom r/pcmasterrace
When you send in an SSD for warranty work, there are generally two possible outcomes. Either the company repairs it or replaces it with a similar or equivalent drive, or, in some cases, provides a refund. The former is often straightforward; the latter, however, tends to be more complex. The manufacturer's warranty strictly defines the refund amount.
If you examine SK hynix’s warranty policy on SSDs, the documentation explicitly states: “In lieu of a Product repair or replacement, the original purchaser may receive a refund of either the original purchase price or the fair market value, whichever is lower.”
In other words, SK hynix will determine the refund amount by comparing what the Redditor paid for the SSD at the time of purchase with its current fair market value, then issuing the lower figure. Under normal market conditions, it would be a fair and reasonable solution. However, the storage shortage has caused SSD prices to increase substantially, so this clause will definitely leave customers at a disadvantage. The Redditor did not provide details on which drive they bought or when. Nonetheless, as examples, SSDs like the SK hynix Platinum P51 and its predecessor, the Platinum P41, have doubled in price since the storage shortage.
An increasing number of warranty claims have gone public over the last couple of months. For example, a recent incident involving Micron saw the company initially offering only a standard refund at the original purchase price for a Crucial memory kit, the company's axed consumer brand. After some pushback, Micron ultimately offered to match the memory kit's capacity with alternative memory modules.
In another high-profile spat, Louis Rossmann had a lengthy back-and-forth with Samsung customer service over an SSD warranty and eventually threatened legal action. Samsung ultimately refunded the owner at the SSD's current market price. It was weird to see the situation escalate the way it did since Samsung’s warranty policy confirms that if the company is unable to repair or replace a product, it will “refund the then current market value of the Product at the time the warranty claim is made to Samsung.”
Recent cases show that it is important for consumers to read the fine print in manufacturers' warranty policies, especially in these turbulent times. Many companies are profiting immensely from the memory and storage shortage. Nevertheless, they should not forget the customers who supported them before the shortage. Consumers are already frustrated by rising hardware prices, so manufacturers should at least show empathy and flexibility when handling warranty claims to better serve their customers.
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Zhiye Liu is a news editor, memory reviewer, and SSD tester at Tom’s Hardware. Although he loves everything that’s hardware, he has a soft spot for CPUs, GPUs, and RAM.
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pskdkd Companies don't care about customer. Their first goal is to generate money.Reply
Customers are means to that. -
olaf The EU will throw a hissy fit, rightly so. Too bad the fines will be meager and late and wont help customersReply -
Kicapan07 Refund of original purchase price seems more than fair to me especially if it's stated in the warranty agreement. You're not out of pocket anything, hell you got to use something for a time and still get back what you paid for it!Reply
You're not a speculator or scalper, you're not supposed to be profiting off an increase in market price. -
hotaru251 Reply
not to be mean but thats a dumb take.Kicapan07 said:You're not a speculator or scalper, you're not supposed to be profiting off an increase in market price.
The 1st option is "replacing" your product with a new one.
When people request a replacement...they want a new drive not less than half the cost of it.
At that point you are better off holding onto drive and trying again in future.
Should also be given option of waiting until they have more drives to then replace yours.
A refund of less than the cost of a replacement should never be a default outcome but a last option chosen by consumer. -
QuarterSwede Reply
This is literally the standard in refunds everywhere in all industries and has been for decades. And you’re right, scalpers would absolutely take advantage of the situation. It’s gross. I would have an issue with it if they didn’t offer a replacement, but they are.Kicapan07 said:Refund of original purchase price seems more than fair to me especially if it's stated in the warranty agreement. You're not out of pocket anything, hell you got to use something for a time and still get back what you paid for it!
You're not a speculator or scalper, you're not supposed to be profiting off an increase in market price. -
USAFRet Refund or replacement.Reply
Refund 100% of whatever you paid for it.
Good for the company, but due to current conditions and prices, not so good for the consumer. But you DID get 100% of whatever you paid originally.
Replacement.
For whatever reason, they do not have that exact model in stock anymore.
So replace it with whatever is a current equivalent.
SanDisk did exactly that for me, when a SATA III SSD died.
960GB SATA III, dead from unknown reasons. SanDisk no longer had that exact model in stock, so they gave whatever the current equivalent was. And it was even a tiny bit larger in capacity. -
COLGeek Reply
Set aside the current RAM/storage crisis. Instead apply your logic to something else, like a wrench.hotaru251 said:not to be mean but thats a dumb take.
The 1st option is "replacing" your product with a new one.
When people request a replacement...they want a new drive not less than half the cost of it.
At that point you are better off holding onto drive and trying again in future.
Should also be given option of waiting until they have more drives to then replace yours.
A refund of less than the cost of a replacement should never be a default outcome but a last option chosen by consumer.
You purchased the wrench (with a lifetime warranty) for $25. A few years later, the wrench breaks and you decide to invoke the warranty for refund/replacement. Current price of a similar, but different, wrench is $50.
Now, the vendor no longer manufactures that type of wrench and decides to honor their warranty by refunding you your original purchase price, not the current price for a different similar product. Nor, in this case do they offer replacement via a different product.
How is that not fair? -
Buzdalys Reply
"Leave the trillion dollar company alone!!!"Kicapan07 said:Refund of original purchase price seems more than fair to me especially if it's stated in the warranty agreement. You're not out of pocket anything, hell you got to use something for a time and still get back what you paid for it!
You're not a speculator or scalper, you're not supposed to be profiting off an increase in market price. -
hotaru251 Reply
as someone who has had to many use lifetime warranty tool replacement after inheriting my grandfathers tools... they just give you a new tool that works same even if not the exact same one.COLGeek said:Set aside the current RAM/storage crisis. Instead apply your logic to something else, like a wrench.
You purchased the wrench (with a lifetime warranty) for $25. A few years later, the wrench breaks and you decide to invoke the warranty for refund/replacement. Current price of a similar, but different, wrench is $50.
Now, the vendor no longer manufactures that type of wrench and decides to honor their warranty by refunding you your original purchase price, not the current price for a different similar product. Nor, in this case do they offer replacement via a different product.
How is that not fair?
You have option to take $ instead but thats after they offer to replace your tool with new tool (even if different they offer a working alternative)
Not once have I ever been offered a refund for purchase price before being offered a replacement.