How do prices work on RefurbLane’s marketplace?

We’re answering questions from you, about us. It looks like you’re dying to know about how prices work on RefurbLane’s marketplace.

TL;DR — Prices on RefurbLane can be up to 70% off the list price of a brand-new device — Prices on RefurbLane fluctuate based on market supply and demand — How refurbished tech looks is up to you: you can pick between Fair, Good, and Excellent appearance but they’re all in perfect working condition (100% fully functional) — Refurbished tech is a solid option if you want to pay for the tech and not the brand label — Chocolate chip cookies forever

THE LONG VERSION: Prices on RefurbLane are up to 70% off the MSRP price (list price) of a device. So if a brand new device is listed at $100 MSRP, a refurbished one on RefurbLane can cost as little as $30 (or 70% off). But since RefurbLane is a marketplace, the prices (or percentage discount) fluctuate based on the demand for a device and how much of it exists. (Yep, we’re talking about supply and demand).

Economics aside, we always thought it was a little funny that brand-new tech is priced for more than just the tech itself. What does this mean? When it comes to brand-new tech, costs are inflated because you’re paying for the brand label. It’s kind of like with designer handbags — it might cost $50 to make the bag, but you buy it at $1000 because that’s what the brand name costs.

P.S. We ate all the cookies.