- You really can't tell the difference, can you?
- Hi, I'm Khiem.
- I'm also Khiem.
- And today I'm- - We're gonna be giving you
the skinny on refurbished electronics
and telling you which ones are worth buying.
- We all know refurbished electronics
may tempt you with their low prices,
but are they actually worth it?
- Yes, I buy them all the time.
- And no, I'd like to stick to buying new, thanks.
- Are you sure?
Because I bought this Xbox One refurbished
at Best Buy for $200 when it retailed for $300.
- That sounds like a great deal, but,
what's refurbished mean?
- Well, refurbished means an item was purchased
and then was returned for some reason.
A customer may not like it or there was a missing part
but in the end, a store can't sell it brand new.
- You're saying I might be buying an unwanted item?
- Yes, but it's tuned to like-new specifications
and it means a significant discount.
- [Left Kim] So you may be wondering,
is the discount worth the risk of a defective product?
- [Right Kim] Yes, it is.
In my experience, getting refurb products
are usually just as good as getting it new.
- Is it really?
Do you remember when you bought that refurbished Wii
and it was full of naughty pictures
from the previous owner?
- Ha, yeah, true story, and it was not cool.
That's why you should always research the company.
It's best to buy from the original manufacturer
or from a manufacturer-approved refurbishing company.
- You never know what you're gonna get
from Joe Refurbishing on Ebay.
All right, here's how to find
reliable refurbished electronics.
- Stick to the stores and brands you trust.
You need to know that they're refurbishing
the items themselves or using a reputable company
to do the work.
- Find a return policy.
A company that won't take returns is telling you something
about the quality of their product.
- Look for a warranty.
If there is no warranty, then don't do it.
It safeguards you from an item failing
in the first couple of weeks.
It's an absolute must when buying refurbished
and the longer the warranty, the better.
- And look for good reviews and feedback.
It will bring peace of mind when buying refurbished.
So what are good buys when looking for refurbished?
- Great question.
Here's what we found to be good buys and those to avoid.
Laptops, tablets, and video game consoles
are good bets because they go through rigorous testing
before being sold, and include good warranties.
- But you might want to avoid TVs and printers.
TVs may be in good working condition,
but may have hours of playtime,
leaving the screen burned out.
With printers, even though they might look new,
they might have old ink flowing through.
- Awesome, thanks, Khiem, for the info.
- You too, Khiem.
I might give buying refurbished a shot.
- And remember to check the article in the description
for more about refurbished electronics
and when it makes sense to buy.
- [Announcer] It costs more than a penny to make a penny.
Roughly 1.7 cents per coin.
Save some change.