As a technology early adopter, I have a not small collection of gadgets in my home office that seems to be growing exponentially. The problem is that new smartphones and other gadgets seem to be released every 3 to 4 months, and I am compelled to buy many of them in order to cover them for ThinkMobile.com.
According to Boy Genius Report, Best Buy is introducing a new “Buy Back” program that I am very interested in. The program will cover a variety of different gadgets, including TVs, that are priced up to $5000, and will cost consumers a percentage of the retail price of the device. If you buy a replacement for a product in the program within 6 months of the original purchase, the retailer will buy back the original product for up 50% of the retail price. The buy back percentage decreases over a period of four years.
I have to admit that I find the program appealing given that I am lazy about trying to resell the gadgets that I buy on eBay or craigslist. The Best Buy program is a little like the lease loyalty rewards auto manufacturers used to provide, and will have the benefit of drawing people back to buy new products within a year. I wonder if they will make the program retroactive to cover my Nexus S purchase?