Square Trade Buy Back Amounts-Total Scam!

Discussion in 'iPad Accessories' started by 3goldens, Mar 23, 2011.

  1. 3goldens macrumors 68000


    Feb 26, 2008
    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

  2. PittsDriver macrumors 6502a


    Jun 30, 2010
    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...
  3. eawmp1 macrumors 601


    Feb 19, 2008
    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.
  4. DizzyV6P macrumors regular


    Mar 11, 2011
    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.
  5. Chupa Chupa macrumors G5

    Chupa Chupa

    Jul 16, 2002
    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.
  6. h00ligan macrumors 68030

    Apr 10, 2003
    A hot desert
    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.
  7. celo48 macrumors 6502a

    Apr 9, 2010
    SquareTrade is one of the companies I know that mention everything upfront such as the buy back prices. No surprises, no scam.
  8. Nukemkb macrumors 6502a


    Mar 12, 2006
    Columbia, SC
    Scam is an often overused word...kinda like 'fail'.
  9. Stangs55 macrumors 6502a


    Jul 3, 2007
    The Lone Star State
    Exactly. It's not a scam. It's an honest option, which is a refreshing change.
  10. Juppers macrumors newbie

    Mar 11, 2011
    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.
  11. canyonblue737 macrumors 6502a

    Jan 10, 2005
    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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