What’s the Difference Between New, Used, and Refurbished?

With the latest flagship phones costing nearly $1000, you’re probably looking to save some cash on your next device. Buying used and refurbished aren’t just cheaper, they’re better for the environment—but what do you give up when you opt for a “previously loved” gadget? You probably have a decent understanding of what “new” and “used” mean, but refurbished is a bit trickier.