I once bought a refurbished Apple Time Capsule that was having issues with the hard drive, and since it was under warranty, they replaced it with a brand new one!Returns often get refurbished, but they’ll always have a brand new shell so you’ll never really know. Having bought refurb Apple products for 15 years, I’ve never once had an issue and saved a considerable amount. With the same warranty as a new one and AppleCare as an option, you’re well covered.