We’re almost done with the third quarter of this year, and plenty of high-powered phones have been announced so far. Smartphones like the Samsung Galaxy Note 7, ASUS Zenfone 3 Deluxe, Sony Xperia X Performance and a whole host of new devices promise to deliver unrivaled performance compared to the previous generation.

The biggest dilemma now for most people who are now shopping for their next phone come the holidays is if it still makes sense to fork over top peso for a current gen flagship phone or save money and buy last year’s latest and greatest.

There’s logic to both camps. Buying a brand new current gen flagship ensures that you’re getting the best offering of your brand of choice. You’ll also have to factor in new tech that hasn’t been widely available last year in your purchase, like the faster transfer and charging speeds of USB Type-C that’s the standard in most flagship phones released this year. In the case of the awesome Note 7, you’re also getting water resistance and that spanky iris scanner that adds another layer of security to your phone.

Obviously the biggest downside is cost. This year’s current crop of flagship phones command premium prices. If you’re contract is up for renewal or if you want to give the ol’ credit card some work, you could always go that route, but that still means you’re paying top dollar for a brand new phone.

Buying last year’s top dogs is cheaper, obviously, since prices of phones depreciate like crazy. For example, Samsung’s Galaxy S6 Edge Plus, that 5.7-inch, dual-curved smartphone can now be bought for as little as 20K in some stores brand new, which is a banging deal, considering how much it sold for last year. While it’s not as fast as the new Galaxy smartphones previously outed by Samsung, it’s still perfectly capable of running most Android apps and games out there. Ditto for most of the flagships released at the latter half of 2015. The biggest issue that you’ll be facing is software updates which include possible upgrades to Android O – but then again, that’s not usually a deal breaker for a lot of people.

At the end of the day it’ll boil down to your preferences and budget. Our suggestion? Whatever generation phone you get, grab it from a manufacturer that has a solid track record in rolling out quality phones, software updates and warranty claims.