Gibbo is right.
However the pathetic discount means it is usually not worth even bothering with.
If a gfx card that costs say £450 new is on b-grade ( could come in a brown box bare card for all you know ) and the discount is 20-30 quid then you would be an utter fool to buy. Now if it was £300 then thats a worthy gamble, but usually the discount in no way relects the "value markdown" you get as regards warranty.
Now i see retailers side, they have to take things back and are left very out of pocket if they have to discount to such an extent... but thats the game they are in really.
I guess a lot depends on how wealthy you are, how much you like a deal no matter how small and how you could take the hit if it goes wrong 6 months down the line.
For things under a hundred i would give it a gamble but not for high value 200+ items... i would rather have the warranty myself.
To be fair, sometimes the item goes into B stock when it was at a higher value and then doesnt look like a good discount compared with the current price.
Ive even seen things in there are more money than brand new!
But clearly, and I dont blame them, ocuk dont spend time updating b stock prices daily/weekly however I have always found a simple ticket suffices to customer services.
I wanted a 4k monitor and the B stock was only £30 less than the new one at £589. One ticket later and the price was dropped to £375 so I bought it

Ocuk tend to be pretty good at addressing prices if there is something you are interested in but the discount isnt good enough.
And as I ahve said, I have never had any issue just relying on the warranty from the manufacturer.
In fact most of my B grade purchases have been high value ones with about a third off new price. It always seems worth it then. Buying a £20 items for £14 hardly seems worth the hassle especially since parts can be missing.
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