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Best Buy Buy Back Program

Best Buy’s new Buy Back Program has been getting a lot of buzz lately. When you buy a product from Best Buy and purchase the Buy Back Program ($69.99 – $299.99), you can return it within a certain amount of time and percentage of its value as cash back via a Best Buy gift card. It’s basically a trade-in program that you pay for. Here’s a video that explains how it works.

What products are eligible for the Buy Back Program?

Mobile phones, laptops, netbooks, tablets, and TVs up to $5,000.

How much does it cost?

Laptops and Netbooks All $69.99
Tablets ALL $69.99
Mobile Phones $349.99 or less $39.99
Mobile Phones $350 and more $59.99
TVs $499.99 or less $59.99
TVs $500-$1,199.99 $99.99
TVs $1,200-$2,499.99 $179.99
TVs $2,500-$4,999.99 $299.99

What is the trade-in value?

  • 50% for up to 6 months
  • 40% for 6 – 12 months
  • 30% for 12 – 18 months
  • 20% for 18 – 24 months
  • 10% for 24 – 48 months (TVs only)

Where do you return your item for the Buy Back Program?

You can return it to any Best Buy store.

What are the pros?

This program is great for those who like the latest and greatest in technology and for those who are early adopters of the newest hi-tech gadgets or phones. If you aren’t one to sell your used gadgets on Craigslist or eBay, then this is worth it.

The process is easy. You can walk into any Best Buy store to trade-in your product.

For mobile phones, the Best Buy Buy Back Program bases the buy back value on the retail price of the phone. Mobile phones are subsidized by cell phone carriers. For example, a $600 phone only costs you $200. When you bring in your mobile phone, the buy back value will be based on $600, not $200, for the phone.

What are the cons?

You can get more for used tech gadgets by selling them yourself.

You must have all the included accessories and original receipt when you trade-in.

The product must be in good condition to receive full Buy Back value. Geek Squad will run a diagnostic on the product before determining the Buy Back price.

You only get a Best Buy gift card, not cash. Therefore you’re “on the hook” to buy another item from Best Buy and start this process again.

You have to pay to participate in the Buy Back Program.

Buy Online, Pickup in Your Local Best Buy® Store.

1 Comment on Best Buy Buy Back Program

  1. SellYourCell Guy
    February 19, 2011 at 10:58 am (5 years ago)

    The negatives are huge. I can only speak to cell phone since our company,, only buys used cell phones and iPads. Let’s say you bought an 16 GB iPhone 4 from Best Buy six months ago and want to trade it in to get the new Verizon model. You would have paid $199 to get it under contract and Best Buy will give you $100 back but you also had to pay $40 to get in the program so you make a net of $60.

    If you sell that 16 GB iPhone 4 to SellYourCell today, we would pay $370. $370 versus $60 from Best Buy! You do have the extra steps of going to the SellYourCell website, printing out a label for free postage and putting the phone in the mail. But I think the extra effort is worth the extra $310!