Poneeboy53, Since you so unnecessarily corrected me in another post stating I didn't understand how the BestBuy program worked, i'll recap it.
First to participate in the program (if in fact, you bought an INSPIRE), you would have to FIRST fork over $59.99 to BestBuy. This is the "participation fee". Its NOT FREE. I think that's what alot of people think.
Ok, Retail price of the INSPIRE is $599. Trade-in value IS based off retail price of the phone.
So, lets say that at the end of your INSPIRE contract (2 years for example), you would get 20% of the Full retail price.
In this case scenerio, you would get $119.80, that you could apply toward a new phone.
Lets say after 6 months, you wish to upgrade. You'd get 50% back off your inspire at full retail value of $599 which would be a $300 credit.
(NOTE! If you traded for another phone, the $300 would be APPLIED TO THE FULL RETAIL PRICE OF THE PHONE!!!!!!), so if you traded for a XXXXX model (newer model 6 months newer), and the retail price of the phone was $599.00 as well, THEN . . . you'd have needed to pay another $300 for the phone AT FULL RETAIL (plus the $59 you invested in the upgrade program). You would NOT be allowed to buy the phone at an upgrade price since you were in a 2 year contract). At the end of your 2 year contract, however, you could take the 119.80 you'd get for the phone at 20% of orig RETAIL value, and then you could apply it to a NEW phone at at UPGRADE price (taking into consideration you were eligible for an upgrade). Obviously, the higher the RETAIL price of the phone you have, the more you'll get back. But you still have to figure the $59.99 you spent originally to participate in the program (the upgrade program is NOT FREE).
So, honestly, anyone expecting to snag a new phone before your contract is up for nothing will be badly disappointed (after contract is up might be a little different).
So, Poneeboy53, you wish to correct me on any other discrepancies???????
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Here is partial reprint from the buyback program.
For mobile phones, the Buy Back provides exceptional value when you want to get the latest and greatest. The Buy Back Program for post paid mobile phones is based on the full retail price of the phone, not the discounted price of the phone. Your phone is typically discounted in price when you renew or sign up for a new contract. If the retail (non-contract) price is $600, your buy back value would be based on that amount, even if you purchased the phone for a lower price if the phone price was subsidized by the carrier.
For example: you pay $199 for a mobile phone which normally retails for $600 and also purchase the Buy Back Program. If you decide to redeem your buy back within 6-12 months of purchase, you will receive a Best Buy Gift Card in the amount of $240 (40% of the original retail price) to put toward your next purchase at full retail.
Got Best Buy to price match the costco price of 20.00. Since I bought my Inspire when Best Buy was running there special for free entry into their buy back program I will make out really good when I need to purchase another phone. Was told today that the buy back program is off the retail price of the phone not the 2yr contract price I paid. Going to make out like a bandit at the end of my contract with this phone.
