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If you find that the item you purchased at a liquidation sale is damaged, or if it stops working shortly after you buy it, chances are that you will be unable to return the product. For merchandise that may fail to function properly after purchase, be sure to find out before you buy whether all sales are final. If returns are possible, you still may be out of luck if the retailer shuts its doors for good before you can return the merchandise. That’s why it’s particularly important to make sure you’re getting products that are in good working condition and that boxes contain all the necessary parts.
Before you purchase, examine each item carefully for any damage, and see if you can test any electronics or appliances. Also find out if there is a warranty on the product, so that you can appeal to the manufacturer if it turns out to be defective. Buying with a credit card can protect you, too, because some card issuers will remove the charge from your account under certain circumstances if you contest the purchase in writing.
We all want to avoid wasteful spending and get the most for our dollar, especially in a bad economy. If you have questions about the best ways to spend your money, be sure to turn to your local CPA. He or she has the answers to the financial questions you and your family are facing.
To listen to podcasts with more financial tips, go to http://www.calcpa.org/Content/community/financialempowerment.aspx.