Rebate Scams
Sunday, May 25th, 2008Ever wonder why some items come with a mail-in rebate? Well, it does a number of things.
First, it attracts buyers. Nothing works as well as the promise of money returned after the sale. Skeptics might well ask why they have to mail it in. They would be smart to demand an instant rebate. Let the store mail it in.
Second, there is a good chance that you will never see the rebate. Depending on the people you are dealing with, there can be all kinds of hoops you have to jump through, qualifications you have to meet before they will even consider sending you a rebate. Check these requirements before you get sucked into the deal of a lifetime. If there is even the remote hint that you may be required to provide personal information in order to qualify for the rebate, leave. No need to explain why. Just turn and walk away. Rude? No, not nearly as rude as the jerks who are trying to scam you.
Third, mail-in rebates are a means stores use to get interest free short term loans at your expense. Ask yourself, why does it take four to twelve weeks to get the rebate? They have your money and you have an overpriced new toy. What a deal! It really gets interesting when the new toy breaks before you get the rebate.
So you see, stores offering mail-in rebates on items are not doing you any favors. On the contrary, they are trying to take unfair advantage of you.
A rebate of any kind is the stores admission that the item is over priced. A sensible person will go find the item at a fair price elsewhere. It takes a desperate and confused shopper to agree to pay the inflated price on the promise of receiving a refund sometime later. It is similar to Whimpy promising to pay tomorrow for a hamburger today. Don’t do it. Chances of becoming a fraud victim are too great.
Finally, if the rebate is substantial and the item is a very big ticket item (like an automobile), ask yourself why is the rebate more than you would normally be willing to pay for the item. That is a dead give away that something is terribly wrong. Don’t waste time trying to ‘right’ it. Just walk away.