Don't you hate it when you just bought the latest, hottest gadget on the market, only to find out another, better version of it has been released? No need to worry, retailers have a solution for consumers — and for themselves. They will buy back your old gadget in hopes that you turn around and purchase the next best gadget on their shelves.
Under these buyback programs, big-box retailers and online merchants give cash or credit for a piece of used electronics. Best Buy, the world's largest consumer electronics retailer, launched its program this year.
One company in particular using this program is Best Buy. They aired a commercial with Justin Beiber a few months back, take a look.