Best Buy Wants Its Stuff Back
The retailer will officially launch a buy-back service designed to keep you tech savvy, and apparent disposable income people fueled. Best Buy CEO Brian Dunn said in an e-mail to customers. The program could also help increase electronics recycling rates.
The Buy Back program is sort of an insurance policy, letting consumers get some money back for their gadgets while the goods still have some value at least to someone who wants to buy refurbished..
After purchasing a TV, mobile phone, laptop, Netbook, or tablet with the Buy Back program, a buyer has two years to bring it back and get a percentage of the purchase price as long as it’s in good condition. Rates range from 50 percent within 6 months to 20 percent for between 18 months and 2 years. Between 2 years and 4 years, TV buyers can get 10 percent of the purchase price.
If goods don’t have any resale value, the electronics will be stripped down for parts or recycled in the U.S. as part of Best Buy’s existing in-store recycling program. So, does something like this make you want to buy with them? Personally, I can’t afford nice gadgets but if I could? Best Buy would be getting my money.