Refurb or new iMac 27"

What are the refurb models like. As thinking of one as no one in my area has new iMacs in store

no one in my area has new iMacs in store
Refurbs must be ordered directly from Apple. You cannot get one in an Apple retail store or reseller.
Almost all my family's Macs are refurbs and the only one that has failed was bound to fail anyway due to a faulty video chipset that took down most of that variant regardless of whether bought new or as a refurb. All refurbs come with the same warranty as one bought new and have the same options forAppleCare extended warranty.
Some people will post that refurbs are damaged/defective machines that were sent back to Apple and then rebuilt. In truth, most refurbs are returned overstock that were never out of the box. Apple unboxes and test them and, apparently, checks for cosmetic damage--every one we've received has been free of any signs of prior use.
I bought our first refurb before Apple had a web store and you had to call them. The very nice customer representative had the history on the one I was interesting in buying. A large firm ordered about 35 desktop Macs just before a new model was released. At the time of the new model release, the company still had 23 of the older model in their sealed boxes and undeployed. They negotiated with Apple to return the unopened ones in exchange for the newer model.
The savings are worth it. Just remember that the refurbs are as configured; you cannot specify the addition of additional RAM or a larger hard drive. So carefully read the specs of the model you are interested. Remember, many new Mac models are not user-upgradeable--Retina MacBook pros and 21.5-inch iMacs are the more popular ones. If those models are on your wish list, make sure the refurb has the RAM and storage you need or future use. Otherwise buy new.

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