Walmart offers the refurbished Element 40" 1080p LED-Backlit LCD HD Television, model no. ELEFW408, for $199.99 with free shipping. That's the lowest total price we could find for a refurb by $27. (We saw it new for $85 less briefly last Black Friday season.) It features a native resolution of 1920x1080 (1080p) and three HDMI inputs.
A 90-day warranty applies, although it's unclear who supports it.