Best Buy to Buy Back Your Obsolete Gadgets

According to a “trusted Best Buy” source, Best Buy is planning to launch a Buy Back protection program. This will allow you to sell back your electronics to Best Buy at a percentage of MSRP. The plan covers phones, laptops, netbooks, tablets, and TVs priced under $5,000 and launches on January 5th.

The pricing structure for television “buy backs” will vary from that of computers, tablets, and smartphones. TVs under 6 months old can be turned in for 50% of the original full-retail price; 6 to 12 months, 40%; 12 to 18 months, 30%; 18 to 24 months, 20%; and 10% during the third and fourth years of ownership.

The company is positioning the program to their staff as a “protection against obsolescence.” This is definitely a big move by Best Buy and should become popular in a time where the fancy gadget you bought last month is now the ugly girl at the party. Best Buy isn’t giving you cash back, but I don’t think many will have a problem with a gift card.

Check BGR for more images of the leaked documents detailing the program.

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