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.

About the Author
Rahsheen has been a certified geek since before it was the thing to do. He started programming and tinkering in the 4th grade. Now, Rahsheen mostly writes on various sites about technology trends in social media and mobile. . He is also a musician, singer, rapper, writer, and producer. @rahsheen - +Rahsheen Porter - coachrah.com
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