How to Find the Best Price

Car Negotiation Coach Finding a good deal is all about competition. Prices go down when multiple companies sell the same thing. Whether it’s buying a car, a big screen TV, or your monthly cable service, making sellers compete will get you the best price. This blog will show you that competitive shopping is the best way to get a deal on just about everything!

by Car Negotiation Coach ~ 8 Comments

Best Buy is robbing you blind: Monster cables

hdmi-cable-rip-offIf you own an HDTV, you probably know that the type of cable connecting your set top box to your TV makes a big difference in quality.  But there’s no reason to pay $120 or more for this cable.  In fact, if you pay more than $20 you’re making a huge mistake.

Cable and satellite companies recommend you connect your set top box to your TV using an HDMI cable (also known as a Monster cable).  Electronic stores like Best Buy and Radio Shack love to sell HDMI cables for a huge profit.  They’ll buy a $6 cable from a wholesaler and mark it up to well over a $100.  These are one of their most profitable items!

Never, ever buy an HDMI cable from an electronics retailer.  An HDMI cable is a digital cable which, by definition has no signal loss no matter what brand you buy.  As long as it meets HDMI standards, the only real difference between HDMI cables is the price.  

So instead of buying from a fancy retailer, get the same equipment at a wholesale price online (I usually check out Monoprice.com).  The same goes for speaker wire, Ethernet cable, and many other AV wires or connectors.  

Tip: When getting a set top box installed for a new TV, make sure you have the TV out of the box.  The cable companies will usually give you a free HDMI cable when hooking up the service.  If you don’t have the TV around, they may not leave you a cable. 

GD Star Rating
loading...
Best Buy is robbing you blind: Monster cables, 5.0 out of 5 based on 1 rating

Find the Best Car Price.com Get a personalized car buying strategy guide to learn how to buy a new car at the best possible price. It only takes a few seconds and could save you thousands of dollars! Did I mention it's free and you don't even have to register?


Why is it free? Because buying a car is something almost everyone has to do and I strongly believe the process is designed to confuse and take advantage of consumers. I'd like to level the playing field and give everyone a chance at a fair deal.

8 Responses to “Best Buy is robbing you blind: Monster cables”

  1. Tim @ Faith and Finance 17 November 2010 at 8:22 am Permalink

    I can’t believe how overpriced these cables are in stores!! You’re exactly right about buying them online. Some of my friends even made it cheaper by buying a lot of cable and splitting it between them to save on the shipping price (cheaper in bulk too).

    Good reminder!

  2. Car Negotiation Coach 17 November 2010 at 10:20 am Permalink

    Tim, great idea (for coax, CAT5, and speaker wire)…if you’re a little technically inclined, buy a spool and put on the connectors yourself. Great way to save cash!

  3. Khaleef @ KNS Financial 17 November 2010 at 1:55 pm Permalink

    It’s horrible how they take advantage of people like that. You would think that the Internet would stop them (because it only takes a few seconds to find a better price), but so many people are afraid that they’ll get a cheap product.

  4. Money Reasons 17 November 2010 at 9:56 pm Permalink

    They did the same thing with S-video in the past too! It was outrageous what they try to get away with!

    Nice job flushing this out (I forgot about it…).

  5. Everyday Tips 17 November 2010 at 10:05 pm Permalink

    Oh My Gosh!!!! I just bought one of these darn cables last week. I am so mad at myself now because I didn’t even realize I needed an HDMI cable and I just bought it because the TV needed it.

    Smack me now!!!

  6. Investor Junkie 19 November 2010 at 8:11 am Permalink

    Buy your cables from:

    http://www.bluejeanscable.com/

    I’ve bought from them in the past. Don’t get ripped off in buying cables!

  7. JohnS 22 June 2011 at 12:32 pm Permalink

    The statement that HDMI, regardless of quality, will deliver the same performance is false.

    The person who is using a $10 HDMI cable purchased online will do just fine if the length of the cable is six feet or less. That’s perfect for 95% of people who use HDMI. The fact of the matter is that HDMI is a poor standard. Anything over ten feet in length that is of $10 cable quality is just asking for trouble. From snow/static in your image, TV sets being unable to lock onto the signal, to washed out images, inexpensive cables just can’t cut it.

    In fact for HDMI runs over twenty-five feet the cable has to be designed to run in only one direction. If the cable is reversed then it will deliver even poorer quality.

    So for the vast majority of this blogs readers this article makes sense. Unless you really care about image quality and getting the absolute most out of your HDTV purchase (professional calibration, high quality components, etc.) it makes no sense to purchase high grade, expensive cables.

  8. Car Negotiation Coach 22 June 2011 at 12:50 pm Permalink

    John, you make a good point. Fortunately, (as you point out) I think the vast majority of HDMI use is a short run from the TV to a set-top device which is usually less than 10 feet and quality isn’t an issue.


Leave a Reply