Money Talks: 3 Reasons Not To Like Buy Back Plans

"All aboard the 5G train! How many bloody G's are there?"

It was a funny commercial that ran during the Super Bowl about Best Buy's "Buy Back" program.

The program allows you to sell select electronics back to Best Buy for up to 4 years.

But, are they a good deal? A senior editor at The Consumerist doesn't think so.

Chris Morran, Senior Editor, The Consumerist, says, "It's too expensive, too untested, there's too many variables we don't know the answer to yet."

Here's how it works. If you buy a television set for $1,600 you'll need to add another $180 dollars for the buy back protection.

If you decide to upgrade after 12 to 18 months -- the maximum the program allows within that time frame is 30 percent. Meaning you'll get back $480. Now, subtract that protection plan you paid for and you're down to just $300.

Consumer advocates say it's not the solution to buyer's remorse, since you'll only get the money back in a Best Buy gift card.

That's only if your set is in good condition. You'll get less back if it's not -- $240 minus the protection - and that $1600 dollar TV, is now worth... 60 bucks. Best Buy's claim is convenience.

"There's no need to find a buyer online and ship your product to a stranger."

That may be true, but finding a stranger online to sell it to, might make you more money.

Morran says, "Tech savvy people already know ways to resell the stuff and they're going to get much better prices by selling them on Craigslist."

We asked Best Buy to respond to these objections, but they have not returned my calls.

So, is Best Buy's "Buy Back program" best un bought? We've got research you should see at I'm Jim Robinson.