Best Buy Unveils Gadget Buy Back Program Guidelines

Best Buy wants you to buy from them. No surprise, right? Well, it looks like Best Buy might be working hard to entice you to continue to do so with the announcement of a new gadget Buy Back program. Essentially if you’re looking for a new smartphone, tablet, some TVs, or portable computer, Best Buy will offer a little “buy-back” incentive if you bring them the wares you’re replacing.

Now, don’t start packing up all your gear and heading to Best Buy just yet. You’re not going to see cash in this transaction. You’re going to get a Best Buy gift card for the amount you get. But that only makes sense as they want you to stay right where you are for your gadget shopping needs.

If you’re trading in a mobile phone, tablet, netbook, or notebook the buy back incentive works this way depending on how long you’ve owned the device.

  • 50 percent at the 6 month mark
  • 40% during months 6-12
  • 30% during months 12-18
  • 20% during months 18-24

The pricing depends on the original retail price you paid for the gadget in the first place.

For TVs (under $5000) the pricing works this way.

  • 50 percent at the 6 month mark
  • 40% during months 6-12
  • 30% during months 12-18
  • 20% during months 18-24
  • 10% during the 3rd year
  • 10% during the 4th year

This supposedly kicks off tomorrow with major noise to be made about it as we roll into February.

Leave a Reply