Is Best Buy's 'Buy Back' Program a Good Buy?


...So, is the program a good deal for consumers? Nope, not really, according to more than a few observers—like these folks cited by SmartMoney:

"For consumers, these big-name forays into the buy-back business may not, in fact, be the best buy, for several reasons. The guarantees typically lock in a resale price that's way too low, says Manish Rathi, a co-founder of Retrevo.com, a consumer electronics shopping site. The upfront fees further eat into the money you'd otherwise recoup. And the buy-back usually comes in the form of a store gift card, not actual cash – all of which makes these new buyback programs a better deal for stores than for shoppers, says Stephen Baker, the vice president of industry analysis for NPD Group." Click Here to read more.