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The store where I work did this program 2 !/2 yrs ago. The way it works is: The dealer buys the voucher for a 15% fee of the face value. The dealer then marks UP the price of the spa to cover the additional cost of the promotion.The consumer must then send a copy of the voucher, & the receipt by registered mail within a certain time frame from delivery. Within 3 days I think. Then within 3 days of the 3 year anniversary the consumer must send a bunch of goofy things by registered mail again ( like proof of sale, proof of address etc...) Supposedly if EVERYTHING is done EXACTLY right, the face amount of the voucher will then by sent to the customer.The money to fund the pay outs comes from the tremendous amount of money that accumulates in the trust fund from people that either miss the deadline or somehow don't do everything right. The deal is BRUTALLY specific. You either make it or you don't. We ran the deal for 1 month and sold ALOT of spas. The 3rd anniversary is coming up this fall so we'll see if anyone shows up at the store blaming us because they didnt get their money back. ( actually I won't be here but I'll hear about it I'm sure)
Did anyone get their money back?Terminator
Luckily for the spa market around here, those fellas that were dealing those spas are now flogging Dynasty and doing the home show circuit around here
Polar spas appeared on the market roughly 2 years ago locally. They offered a cash voucher program. Ads looked like this:Price : $17,000Discount: $6,000Voucher Rebates: $6,000Final Price: $5,000You SAVE: $12,000Well the vouchers became due just recently. Unfortunately, Polar spa has gone bankrupt. All of the suckers customers that purchased these tubs did not get their rebates and now have no warranty.Luckily for the spa market around here, those fellas that were dealing those spas are now flogging Dynasty and doing the home show circuit around here
Maybe I'm out to lunch here, but if you have an extra 10k kicking around to buy something as nonessential as a Spa, you've likely made a few wise financial decisions in life... As well, it's gotta take a fairly slippery sales guy to push a product like that. Which is what put my flag up.
BUT...I just saw an ad in a Toronto paper that the Mississauga Polar Spa's is having a 'going out of business sale'?Games...