Details On Best Buy’s Gadget Insurance

One of the commercials during this year’s Super Bowl officially kicked off Best Buy’s Product Buy Back program, which offers up to 50% back on the retail purchase price if you return it within 6 months. The ad features Ozzy Osbourne and Justine Bieber and made fun of the 4G data speeds issue. In association with the ad, Best Buy is offerring the program for free on electronic purchases until February 12. After February 12, the costs are as follows:

– Laptops, netbooks, and tablets: $69.99

– Mobile phones: $39.99 to $59.99

– TVs: $59.99 to $349.99

For paying the amounts above at the time of purchasing the product, you will receive a payback if you return the product. The amount of the payback decreases the longer you own the product in the following time table:

– Up to 6 months, 50% payback

– 6 to 12 months, 40% payback

– 12 to 18 months, 30% payback

– 18 to 24 months, 20% payback

Only TVs get a payback of 10% if returned as late as 24 to 48 months after the purchase. Best Buy has a calculator on their web site that will show you how much you can get back based on the full retail price of the product.