The Home Depot Guaranteed Low Price (2024)

FAQs

What is guaranteed low price policy? ›

As indicated by our example, a low price guarantee (henceforth LPG) may be defined as a policy where a seller posts an offer price and guarantees to match or beat any lower price found in the market.

How the Low Price Guarantee works for in-store pre-purchases: If you find a current lower price on an identical, in-stock item from any other retailer, we will match the price. Just bring the ad, printout or photo with you to the register for validation. (This may involve the associate contacting the competitor).

Check back to see if the item you bought at Home Depot went on sale at Home Depot. Bring proof of higher price to a Home Depot store to Customer Service, or if your purchase was at Home Depot, call Customer Services at 1-800-HOME-DEPOT. Receive price adjustment for the item.

Price adjustments, also called price protection, is a retail practice in which customers can obtain a partial refund of the purchase price of an item if they can show it on sale at a lower price within a fixed time frame.

an arrangement in which if a company reduces the price of a product or service in the future, it promises to pay back the difference to customers who have paid a higher price: Suppliers offer guaranteed prices to encourage long-term contracts.

The “Price Drop Protection Payment” is the difference between the price you paid for your original flight booking and the lowest confirmed Price Check on the Price Drop Protection Dashboard.

If you find a lower price on an identical item at a local or online retail competitor (including shipping and delivery fees), just bring us the competitor's current ad or show a printout, photo, smartphone display or app and we'll match their price.

These so-called Home Depot "penny deals" do happen, but they don't appear to be deals at all. Instead, it's part of a write-off process that customers aren't meant to see. All the available information suggests these "penny items" are supposed to have been returned or discarded by the store but were overlooked.

Yes, You Can Haggle for a Lower Price

Not every employee has the power to lower prices, but it's worth a try. Consumer-finance expert Woroch said she scored an additional $50 off a washer and dryer that were already on sale at Home Depot.

In many cases, the retailer will refund the difference of what you paid vs. the sale price, as long as your purchase was within a specified time—often 14 days. If they can't or won't refund to the original form of payment, you may be issued a store credit.

Does Home Depot resell returned items? ›

If you're wondering how to buy Home Depot returns at liquidation pricing, you've come to the right place. The Home Depot typically sells off returned items by the truckload or in bulk by the pallet. Many times an auction will include one or two dozen pallets of items in one order.

Price protection is a little-known but common feature offered by most credit card companies that allow cardholders to receive a refund if an item bought with that credit card drops in price within a specified period. This period is usually within 30 or 60 days though some cards allow claims to be filed within 90 days.

A price-adjustment policy generally means that the retailer will refund the difference if it drops the price on something you purchased there in the last 14 to 30 days.

A price adjustment clause, also called an escalation clause, is a provision within a contract that allows for changes in the agreed-upon price under certain conditions.

A Most-Favoured-Customer Clause (MFC) is a contractual arrangement between vendor and customer that guarantees the customer the best price the vendor gives to anyone. The MFC prevents a company from treating different customers differently in negotiations.

EDLP is a pricing strategy in which a company charges a consistently low price over a long-time horizon. For the consumer, EDLP simplifies decision making and search costs. For the company, EDLP minimizes marketing costs, staff efforts, and helps with demand forecasting.

EDLP is a pricing strategy in which companies promise customers that their prices will always be consistently low. And when we mean ALWAYS LOW, without intermittent sales, one-off discounts or timed promotions.

Retailers know this, so they're more often than not willing to match competitors' prices or even beat them — and that's what price matching entails. This pricing strategy is used to give customers the same price as your competitors in order to keep them loyal to your business.