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Best Buy Launches Instant Rebates on Take-Back

Retailer Best Buy has launched a buy-back program aimed at the frequent electronics buyer.

For a fee, customers can join the Buy Back Program when they purchase laptops, netbooks, tablets, televisions and cell phones at Best Buy.

The retailer will then buy the product back from the consumer at any time within two years, or within four years for televisions – though TVs costing over $5,000 are ineligible. Customers will receive up to 50 percent of the original price in the form of store credit, which must be redeemed within six months.

All products will then be refurbished and resold, or recycled. Devices returned under the program must be in good working condition and include all their original parts.

Rates of reimbursement under the Buy Back Program will depend oon how long customers own their products, and TVs are only eligible for a 10 percent rebate.

Best Buy has positioned the initiative as a way for customers to buy the latest products without fears about obsolescence, while earning immediate credit towards their next purchase. The retailer already offers a free trade-in program that gives customers gift cards for dropping off their old electronics.

Best Buy has offered electronics recycling at all of its U.S. locations since February 2009, and is a member of the Environmental Protection Agency’s (EPA) Responsible Appliance Disposal program.

The company plans to collect 1 billion pounds of used consumer electronics, or e-waste, over the next five years.

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2 thoughts on “Best Buy Launches Instant Rebates on Take-Back

  1. And what does Best Buy do with all of their obsolete electronics? They send it to a company who ships it to China! I recently saw an article coming from California’s Sacramento Bee newspaper confirming that ERI – the nations largest electronic waste recycler – lied to millions of people through various press releases. ERI claimed “we never ship our waste to third world nations” in many occasions, yet the article’s writer dug up nearly 7 million pounds of electronic waste sent to China, by ERI. They were even paid over $500,000.00 for the scrap! Moral of the story “if you want your stuff to end up polluting china, then use the best buy program”!!

  2. Bestbuy DOES NOT ‘give’ gift cards for trading in your old electronics. This is the way it works: They make you give them $10 cash and then ‘give’ you a $10 gift card for the ‘trade-in’. Think about that…if they were giving you a gift card as a reward for re-cycling, they would just give you a gift card! No money would be required! So in essence, you are giving them $10 and then they are giving you back your own ten dollars in the form of a gift card. In so doing, they are also guaranteeing themselves a $10 purchase for the store at no cost to them. What a rip-off!

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