If you’re looking to save money on electronics, it is smart to consider a device that has been used—or at least opened—in exchange for a significant discount. Many manufacturers and retailers offer refurbished laptops, smartphones, and other electronics that have been returned, then repaired until they’re just like new, and finally put back on sale for less than list price.
Only a small number of refurbs—about 5 percent, according to a 2011 surveyby technology consulting firm Accenture—are defective. Some haven’t even been touched by the original owner; they might have been returned because a delivery guy nicked the box during shipping.
In other cases, when there is a true defect, a retailer such as Best Buy sends the item to an authorized repair center or the manufacturer for inspection, repair, and repackaging. And, of course, repricing.
For a consumer, the savings can be substantial. At Best Buy, for example, you can purchase a refurbished Xbox One console for $180, a substantial discount on the original price of $299.
On Nikon’s website, a DF SLR body sells for $2,300, a tidy savings on Amazon’s $2,746 price.
But not every refurbished item is a bargain, so it pays to do your homework. Target, for example, is selling the Samsung UN55JU6400F 55-inch smart TV for $720. When you see the original price of $1,200, you might think that’s a great deal.
But a little online research reveals that the set in question is a 2015 model, and Walmart is selling the same set in nonrefurbished condition for $649. What’s more, the 2016 model, the UN55KU6300, is available new for less than $800 at any number of outlets.
Here at Genesis Technologies, we sell refurbished computers, laptops, and tablets. They are available at discounted prices for Non-Profit customers. If you wish to buy a lot of computers in bulk for your organization, refurbished is the way to go. Especially when you can bundle in discounted software.