[jimjamuser]

Originally Posted by retiredguy123

If you buy a $12,000 ring from Costco, you can return it 10 or 15 years later and get a full refund. If you buy a $12,000 ring from a local jewelry store, you have 2 to 3 weeks to return it for a store credit, no refund. To me, it is a no brainer to buy all of your expensive jewelry from Costco.

Assuming that a gold with diamonds ring is worth $12,000 today and it is undamaged 15 years from today, then in that future it would be worth $12,000 times whatever the inflation multiplier would be. So Costco could be buying back a ring NOW worth $100,000 for ONLY $12,000. So, they get a good sales pitch,, but it won't cost Costco anything.

[retiredguy123]

Originally Posted by jimjamuser

Assuming that a gold with diamonds ring is worth $12,000 today and it is undamaged 15 years from today, then in that future it would be worth $12,000 times whatever the inflation multiplier would be. So Costco could be buying back a ring NOW worth $100,000 for ONLY $12,000. So, they get a good sales pitch,, but it won't cost Costco anything.

I totally disagree. I have never seen anyone sell a piece of jewelry for more than they paid for it at a retail store. If you buy jewelry at retail, the chance of ever getting your money back is slim to none.

Also, if you paid $12,000 for a ring and it is now worth $100,000, you would be foolish to return it to Costco. The Costco guaranteed return policy provides peace of mind that other jewelers don't even come close to matching.

[Rainger99]

Originally Posted by MandoMan

I would consider that immoral. I had a friend who bought a pair of L.L. Bean hiking boots that were advertised as “if anything ever goes wrong with them, we’ll replace them.” He wore them for TWELVE YEARS, then returned them when a sole came loose. He received a new pair! That seemed wrong to me, but it was what Bean advertised. A couch is different.

Because people abused it, LL Bean changed their return policy in 2018. Now it must be returned within one year. After one year, the item must be defective due to materials or craftsmanship.

But if you purchased the item before February 9, 2018, the one year limit does not apply.

At the time they changed the policy, LLBean said that “Some view it as a lifetime product replacement program, expecting refunds for heavily worn products used over many years.”

I would love to know how many items were returned after more than one year! And what the oldest item returned was.

Access Denied

[Topspinmo]

Originally Posted by mraines

I had a boss who would buy shoes for his family and when they wore out, he would return them. K Mart always took them back. Talk about cheap.

Maybe they was cheap and wore out quickly. I use to buy tennis shoes with year warranty for toe ware out. I always got free pair cause my toe would be sticking out in 6 months. Now some only warranty for 6 months. Which makes the return rate drop drastically and the over pricing makes up for it.