Best Buy is currently giving away gift cards worth a minimum of $200 to those who trade-in a second- or third-generation iPad for a new model. The offer will get you a brand new fourth-generation iPad with Retina display for as little as $299.99.
Best Buy notes that the trade-in value of your iPad may vary depending on its condition, and the first-generation iPad or iPad mini are not included — only those mentioned above. You’ll get a $200 Best Buy gift card for your old device, which you can then use towards the purchase of the latest Retina display iPad, which usually starts at $499.99.
For that you get Apple’s latest A6X processor with quad-core graphics, a 5-megapixel rear-facing iSight camera capable of shooting 1080p HD video, and a front-facing FaceTime HD camera.
AllThingsD reports the promotion is thanks to the success of Best Buy’s iPhone trade-in program last month. Although the retailer did not disclose how many iPhones it sold during the event, it did reveal there was an “overwhelming response” to it.
Best Buy held a similar promotion on June 1, and it was the company’s biggest day for trade-ins.
It’s worth noting that the promotion is also a chance for Best Buy to shift current stock ahead of the launch of new iOS devices this fall. Apple is expected to refresh the iPad with new specifications and a new form factor, and Best Buy will want to ensure that it doesn’t have too many older models kicking around when that happens.