so found out i can upgrade my "dumb" phone if needed. i was planning on just waiting until the summer for iphone 5. but then i heard about the buy back program at best buy..
it says:
can someone please explain this to me? because what i'm getting out of this and the buy back program is that i can upgrade my dumb phone to the iphone 4 this weekend for $200 (verizon 16 gb) and in 6 months or less when the iphone 5 comes out, i can take it to best buy (having purchased the buy back program for it), get $240 in best buy credit for the iphone 4, then upgrade to the iphone 5 for $200? or does it mean i'd have to pay the $600 retail price and get no sale price like normal for the iphone 5 when it's out? or what's the deal?
i'm so confused... please help.
it says:
How does the Buy Back Program work for mobile phones?
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.
can someone please explain this to me? because what i'm getting out of this and the buy back program is that i can upgrade my dumb phone to the iphone 4 this weekend for $200 (verizon 16 gb) and in 6 months or less when the iphone 5 comes out, i can take it to best buy (having purchased the buy back program for it), get $240 in best buy credit for the iphone 4, then upgrade to the iphone 5 for $200? or does it mean i'd have to pay the $600 retail price and get no sale price like normal for the iphone 5 when it's out? or what's the deal?
i'm so confused... please help.