Best Buy is now offering up to $200 in credit for used iPads. The deal excludes first-generation tablets and the iPad mini. Your second-generation and third-generation iPad also must be in working condition, meaning no water damage or a cracked displays, to qualify. Trading-in your old iPad to Best Buy will allow you to nab a fourth-generation Apple tablet for as low as $299. The new iPad trade-in program will run until August 3rd.
However, don't forget that Tim Cook promised Apple fans new products this fall. Apple is expected to launch a new iPhone, a new "budget" iPhone, a new 9.7-inch iPad, and a rumored iWatch. So you may want to hold onto your Best Buy gift card to use on an iPad 5 or iPhone 5S.
Best Buy decided to revamp its iPad trade-in program after the success of its iPhone 4 and iPhone 4S exchange. It was recently revealed that a large percentage of U.S. consumers are buying the iPhone 4 and 4S instead of the iPhone 5. According to a report by the Consumer Intelligence Research Partners, the iPhone 4 actually increased in popularity after the launch of its successors. Trade-in programs for used Apple products have also been on the rise as we near the end of the Apple cycle.