Originally Posted by SyncMaster753
patience my friend, patience
It's not just patience..
A mail-in-rebate takes you what, 30 minutes of hassle?
You have to find the form, print it out, fill it out, cut the UPC, whatever, then when you finally do get the check, you have to cash it.
Now, I value my time @ $45 / hour
That's $22.50 of time to deal w/ that crap.
Then figure $.50 for the envelope and stamp to mail it
So there's $23 overhead.
Then, assuming a 6% cost of funding, and assuming it takes 3 months to get the rebate back, you need to deduct 1.5% off the value of the rebate (Since you're paying for it up front and getting the rebate back in the future). That brings the value of a $50 rebate down to $49.25 in today's dollars (And you HAVE to take the time value of money into consideration, otherwise you're just fooling yourself).
There's also some probability you don't get the rebate back, in which case you have to spend MORE time chasing it down, or you get nothing.
So yeah, a $50 rebate, assuming that I actually get it back, is worth $26.25 to me, at best.
When I buy things, I consider only the price that I pay at checkout, any rebates under $30 go in the trash, anything over that I'll consider sending in if it's reasonably easy to do so.
For SUBSTANTIAL rebates, like > $200, I may consider that as a factor in the price of a product.