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Best Buy's Buyback Program Isn't Such a Great Buy After All  Print E-mail
Home Theater News Industry-Trade News
Written by Dick Ward   
Wednesday, 09 February 2011

The folks at Best Buy have been plugging a new program that promises to get you some money back when you trade in your old electronics for new ones.  It might seem like a pretty good deal at first, but taking a closer look reveals some significant flaws in the plan.

The folks over at HD Guru studied the contracts, broke the  program down bit by bit and have come to the conclusion that Best Buy's buyback program could actually end up costing you money instead of saving it.

In the worst case scenario, you'll end up losing as much as $225 when you trade in your old electronics.  Why?  Because the buyback program is something you actually have to buy into. If you pick up a $3,000 television you'll have to shell out $350 to be a part of the program.  That means that you'd better be planning to trade in your TV within the next year  and a half or you could end up getting less back than you paid in the first place.

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