A few years ago, I bought a refurb Nikon AW110 from a local camera shop, they're an authorized dealer.
Physically, it looked very well used, generously a 7/10 cosmetically, and the tripod mount area was severely scratched by one of those round mounts.
I bought it shortly before a cruise, it was the only one in stock, and the AW120 had just come out, so it was about $100 more for a new camera on a fairly cheap point and shoot, and my primary shooters are SLRs, this was just a toy to play with in the ocean and swimming pool, so I kept it anyway.
Within the first month, the battery charger failed, and it was outside the limited return period for a refurb. The new charger was an extra $40.