Refurbished Electronicsoffer great savings. However, they come with a shorter warranty. New electronics can be very expensive; but they come with a longer warranty. It really comes down to your personal preference.
Refurbished electronics advantages are too numerous to list in this single article. The price difference between new electronics and refurbished ones is probably the most important of all the advantages of refurbished electronics. However refurbished products do have their disadvantages also. "There is no benefit without cost and there is no cost without benefit." We do not know who made this statement; but we know it has to do with economics.
This economics principle stands true when it comes to refurbished electronics advantages and disadvantages. Should you buy brand new electronics or refurbished electronics? Obviously, that is a question only you can answer.
In spite of the great price benefit that comes with buying refurbished electronics, some people still prefer to buy brand new even if that means more debt. Others would prefer to save the money and buy only refurbished electronics. It is all a matter of personal preference and opportunity costs. The best we can do is to point out some of refurbished electronics advantages and disadvantages.
Refurbished Electronics: Advantages and Disadvantages
1. Refurbished electronics can be up to 80% cheaper than new ones. For example, a refurbished Samsung HP-R4252, 42" Plasma HDTV with turner and all the bells and whistles costs about $750.00. A new one costs about $3,200.00. That is a 76% off from the original price.Clearly these are some great refurbished electronics advantages.
2. If you were to add $249.99 for a 3 year extended warranty onto the already discounted price ; you would pay roughly one-third (1/3) of the original price. That is, [($750.00 + 249.99)/ $3,200.00]X100= 31%, roughly 1/3 of the price.
3. Refurbished electronics sport the exact same technology as new ones.
4. Other refurbished electronics advantages come in the form of reliability. These products are rigorously tested for optimum performance. They must meet the same factory specifications as new ones.
In our opinion, there is one disadvantage with refurbished electronics – the manufacturer warranty. You only have a 90-day warranty on refurbished electronics instead of the standard 1-year warranty.
While some people may fuss about that, we believe it is a fair deal. Since the refurbished item has been thoroughly tested and met factory specifications, nine months worth of warranty is served through the refurbishing process.
However, if you insist on having a longer warranty you can buy an extended warranty for 3 to 5 years ranging in price form $30.00 to $150.00 and up respectively. Note that even with the added extended warranty you still save a boatload of money.
So, buying refurbished electronicsgive you the opportunity to own a high end, late model electronic gadget without swiping away your life savings. Way to go! Buy refurbished electronics!
New Electronics: Advantages and Disadvantages
There is only one advantage in buying brand new electronics – The warranty. Unlike refurbished electronics, new items are sold with a 1-year warranty. You can buy a refurbished electronic, then buy an extended warranty for the peace of mind. You will still have a better deal.
The one year warranty that comes with the new item makes perfect sense. Manufacturers do not test every new product. They simply test a sample from a batch.
If the percentage of successful tests satisfied a pre-set standard; they assume that all products from the batch will work. The truth is there is no guarantee they will. That is why they give a full year warranty on them.
New items are only randomly tested. So they are susceptible to breaking down. For this reason, a longer warranty is offered on it. It is clear that refurbished electronics advantages outweigh new electronics advantages.
Our advice is simple; you don't need to work your life away for a one year warranty. You can enjoy a greater peace of mind if you buy an extended warranty on refurbished electronics. Just remember: