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Going Out Of Business- Bargains


By Vickie J. Scanlon


Going out of Business-don't let the sign fool you. Whether you are looking for bargain in good times or bad economic times, you still need to keep your business expenses low and under control. But first and foremost, be sure you are truly getting a bargain.


Going Out Of Business Rules

As an example, the US tech chain Circuit City has filed for bankruptcy protection and will soon be liquidating it total stock.


For the bargain hunters this seems like a no brainer-you can save money. Or, can you? No matter which retail store or store chain who is going out of business, buyers should not let their guard down. In other words, many falsely assume that they will get rock bottom prices, and thus, saving a bunch of money. Granted, it is possible, but you should do your homework. Before making a final purchase at a going out of business sale be aware that:

1. In most cases, closeout sales are final. No refunds or exchanges.
2. Closeout items are not usually at rock-bottom prices. Thus, always comparison shop. And most importantly, don't be fooled by 75% off, 50% off signs. Always ask yourself-is this true. (That's why you should comparison shop before hitting the store.)
3. As to extended warranties - Per the Better Business Bureau 

"outstanding warranties vary for each bankruptcy. If a manufacturer goes out of business, the consumer may be able to rely on any warranties provided by the retailer. Many extended warranties and service plans are provided and administered by third parties (parties that are not directly associated with company going into bankruptcy), and are typically not affected by a retailer or manufacturer going bust."