Attention Electronics Shoppers: Best Buy Launches Buy-Back Program
How often have you bought a new gadget and then regretted it three months later because the new version is released—or if you can afford it, how often do you buy different versions of the same gadget? Best Buy's new Buy Back plan allows you to avoid the latter, and stop stressing about the former.The short lifecycle of most modern electronics is one of the biggest drivers of e-waste, a huge problem around the world but which the U.S. in particular has not, for the most part, been handling very responsibly.
The lifecycle is short not because gadgets stop working, but because there are constantly newer, better gadgets to replace the old ones, even when they're not so old. Best Buy has just announced a program that will address at least part of this spiraling cycle of waste and that will help the planet as well as your wallet.
The idea is to "future-proof" your electronics purchases: "by buying back your TV, mobile phone, laptop, netbook and/or tablet anytime within 2 years of the purchase date (4 years for TVs), giving you a Best Buy gift card with a scheduled value to use toward another purchase."
Bay News 9 explains: "if the new iPad comes out and you want to switch, the 'Buy Back' program will give you a gift certificate of 50% the original price or $299.99 for your trade in, assuming it's in good condition."
Best Buy's website lets you calculate what your product's buy-back price might be.
The program works for most electronics (though it doesn't include TVs over $5,000), and GreenBiz points out that the company benefits by increasing repeat business and hopefully setting itself apart from stiff competition at Walmart and Amazon.
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