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Key takeaways
- Refurbished electronics can cost up to 70 percent less than brand-new items.
- Many older adults are comfortable buying refurbished tech, especially amid rising prices.
- “Certified” refurbished products have been inspected and restored to standards approved by the original manufacturer.
Last year, I renovated my kitchen. It looks beautiful, with new appliances that should have devoured my budget. Instead, I saved 53 percent by buying refurbished models. I’ve done the same with computers, cameras and countertop appliances over the years. Every one of them worked like new, and I didn’t have to pay full retail price to get them.
Those savings add up, especially now. With tariffs and inflation pushing up the cost of electronics and appliances, refurbished products have become an increasingly attractive option for budget-minded shoppers, particularly retirees on fixed incomes.
And many older adults aren’t fazed by the “refurbished” tag. A 2026 CivicScience survey found that 48 percent of Americans ages 45 to 64 and 34 percent of Americans 65 and older have purchased a refurbished tech product.
Still, refurbished-product shopping isn’t foolproof. The savings are real, but so are the risks if you don’t know what to look out for.
“The key is to prioritize certified refurbished products sold through trusted channels with clear warranties and return policies,” says Pooja Tayade, who analyzes the refurbished electronics market for Coherent Market Insights, a research firm. “Checking warranty length, grading and customer reviews can further help shoppers feel confident about their purchase.”
What ‘refurbished’ means
Refurbished products are used items, most often electronics, that have been inspected, tested and restored to like-new condition.
“People often confuse the term ‘refurbished’ with ‘secondhand,’ ” says Amanda Michel, head of U.S. marketing and operations for Back Market, an online marketplace dedicated to refurbishing devices. “The difference is that refurbished tech is professionally inspected and sold with a return policy and warranty. You get assurances that you don’t get when you buy them secondhand.”
While there’s no legal definition of “refurbished,” the International Organization for Standardization defines “refurbishment” as restoring an item to near-new operating quality within its expected lifespan. That can entail repairs, replacement of worn parts and software updates.
The challenge for consumers is that some sellers use the term loosely — for example, they may just clean a product, confirm it powers on and list it for resale as “refurbished.” That’s why transparency matters more than the label.
Are refurbished products right for you?
If you value function over perfection and are comfortable reading fine print, buying refurbished products can be an appealing option. Generally, you can save up to 70 percent by purchasing refurbished items, says Simo Elalj, founder of RefurbMe, a comparison site for refurbished Apple products.
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