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A pre-owned model can be a great deal, according to CR members, as long as you know what to look for.

Refurbished phones account for a small fraction of industry sales. But they can be a great option for anyone looking for significant savings—especially these days, when the price of a new model can easily exceed $1,000.

On Apple’s website, for example, you can purchase a refurbished iPhone XR with 128 gigabytes of storage for $470. A new XR with that much space costs $550.

Samsung offers a refurbished Galaxy S20 for $650, and that’s pretty much the only way to get one of those. All three of the S20 models scored well in Consumer Reports’ labs, but they were discontinued earlier this year. Buying the latest version, the Galaxy S21, will cost you $800.

And according to a spring 2018 survey, CR members have been generally satisfied with purchases like those, not to mention their overall shopping experience.

Among the 3,211 people who reported buying a refurbished phone since Jan. 1, 2016, 82 percent said they were highly satisfied with the product.

In fact, in our survey 67 percent of the owners of refurbished phones said they had no complaints. That’s just a hair less than the 69 percent of new smartphone owners who said the same thing.

“People are way more satisfied with refurbished phones than I would have thought,” says Karen Jaffe, who oversaw the refurbished phone survey