Are Refurbished TVs a Good Deal?
Televisions are getting more advanced every day -- and pricier, too. Refurbished televisions offer better prices on the newest technology but also carry significant risk.
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Considerations
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Any television sent back to the manufacturer can then be sold as a refurbished unit. This means the unit might not have sold well, or it contained a major defect -- you can never really know.
Benefits
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A TV refurbished by a quality vendor can sometimes work just as well as a new television but at a heavily discounted price.
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Disadvantages
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Certain televisions, especially plasma screens, have a failure rate of up to 7 percent. For refurbished units without a warranty, the cost to replace a screen is about the same as buying a new one.
Tips
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People thinking of buying refurbished TVs with a high failure should consider an extended warranty. Buyers should perform due diligence for the model they are thinking of buying and make sure the discount outweighs potential problems.
Expert insight
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Many reputable companies sell refurbished TVs, reducing the risk of buying from a lesser known seller.
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References
- Photo Credit Image by Flickr.com, courtesy of Chris Watson
