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Square Trade Buy Back Amounts-Total Scam!

3goldens

3goldens

macrumors 68000
Original poster
Feb 26, 2008
1,904
326
Born NYC Living in CT
Here are the buy back amounts one wold receive, should one be stupid enough to go this route. I mean who in their right mind would do this?

Ipad 2 64 GB-3G-WiFi
Buyback Amounts: 03/22/2011 to 09/21/2011: $415

09/22/2011 to 03/21/2012: $332
03/22/2012 to 09/21/2012: $249
09/22/2012 to 03/21/2013: $166



HAHAHAHAHAH!
 
Use common sense. They have to be able to make money on them. So of course they are going to low ball buy back prices. Its why car dealerships give you jack for a trade in...
 
3goldens said:
Here are the buy back amounts one wold receive, should one be stupid enough to go this route. I mean who in their right mind would do this?
Click to expand...

Someone who doesn't wish the hassle of Ebay or Craigslist. And why are you so self-righteous about this? Unless YOU feel you've been cheated, why do you feel you need to comment on something that doesn't directly affect you. If the seller is happy with the price, the purchaser is right in buying it at that price.
 
It's hardly a scam when its stated upfront. Luckily, Square Trade includes it for free. I bought their insurance for their cheap drop coverage, not their buy back plan.

Now, if you were referring to Best Buy's new buy back program in which you DO have to pay to join the program (unless u got it while it was free)....that's just a waste of money. But I guess for some folks who have the $$ to burn and want the convenience, then its a good deal for them.
 
How it is a scam?

1) They are being specific about what they will buy back at during set time periods.

2) They are not using any trickery to get your iPad and you are not compelled to send them your iPad.

Now would one be wise to sell at those prices? Maybe, maybe not. Depends on how valuable their time is. For example an attorney who works 65+ hours a week and makes $20K a month it might be a good way to salvage "junk". To a college kid on financial aid, it might be more advantages to eBay or Craigslist for the extra $100-200.
 
How can it possibly be a scam when

A) you aren't paying any more for it
B) they tell you up front.

Don't like it, don't buy it. Nobody is scamming anyone kiddo.
 
SquareTrade is one of the companies I know that mention everything upfront such as the buy back prices. No surprises, no scam.
 
They have no idea what may come out tomorrow and render our devices worthless. Guessing the depreciation of an item over a given time period is not simple. They have a blanket percentage for all devices, so some you will get screwed on, others you may make out like a bandit. They are taking all the risk, and if in 6 months the ipad 2 isn't worth 50% anymore, they would eat the loss. Luckily it is value added with squaretrade, so it is no risk for us.
 
3goldens said:
Here are the buy back amounts one wold receive, should one be stupid enough to go this route. I mean who in their right mind would do this?

Ipad 2 64 GB-3G-WiFi
Buyback Amounts: 03/22/2011 to 09/21/2011: $415

09/22/2011 to 03/21/2012: $332
03/22/2012 to 09/21/2012: $249
09/22/2012 to 03/21/2013: $166



HAHAHAHAHAH!
Click to expand...

It's stated up front and some just want the utter convenience of knowing exactly what they will get in advance. If you don't like it, don't buy it. Ebay and Craigslist isn't for everyone, in fact it isn't for most people.
 
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