During the Super Bowl, Best Buy featured a commercial with teen pop sensation, Justin Bieber, and heavy metal legend, Ozzy Osborne, to launch their new “Buy Back” program. The program is pretty much what it sounds like–Best Buy stores will buy back products from their customers. The catch is that there’s a cost to it almost like when you pay extra for that 3-year warranty. However, the program is free right now but will cost you after February 12th and the amount depends on the type of device.
The “Buy Back” program is almost like insurance you buy on a product. Here are the amounts you would pay to put the program on your device: $69.99 for Laptops, netbooks, tablets; $39.99-$59.99 for Mobile phones depending on retail price, and $59.99-$349.99 for TV’s depending on retail price.
The amount you will get back depends on its condition and how long ago you purchased the product. If it was within six months you may get up to 50 percent of the purchase price, between six and 12 months you could get up to 40 percent. You would take 10 percent off the purchase price for each passing 6-month period until you reach between 24-48 months and only TVs are eligible and you would get 10 percent.
The returns will not be in cash but in the form of a Best Buy gift card. To get the highest refund possible items must be in good condition and with all the accessories it came with.
[Via USA Today]