Purchase an iPhone 3G for $149

Best Buy has announced that the 8GB iPhone 3G will sell for only $149. What's the catch? These are refurbished devices. Similar 16GB models will sell for $249. Both of these deals represent a $50 savings over new retail prices.

All discounted phones will be sold with a 2-year service contract from AT&T and a standard one-year warranty. The devices will be in "like-new operating condition," meaning they have been returned by users within the 30-day trial period. Best Buy also offers an additional two-year Geek Squad Black Tie Protection plan.

The discounted phones are also currently available through AT&T at the same price. Best Buy will offer the refurbs at 350 locations immediately and expects all United States locations to carry the phones by the end of January. iPhone 3G users purchasing their devices at Best Buy can expect to leave the store with an activated phone ready to use. The company also promises to help set up email and transfer relevant data to the device as part of the setup process.

AT&T recently discontinued selling the refurbished 8GB iPhone 3G for $99.