TigerDirect offers the factory-refurbished Hisense 40" 1080p LED-Backlit LCD HD Television, model no. 40K360M, for $249.99. This $50 mail-in rebate drops it to $199.99. With about $15 for shipping, that's the lowest total price we could find by $85. It features a native resolution of 1920x1080 (1080p), LED backlight, and three HDMI inputs. A 1-month Hisense warranty applies. Deal ends December 19.
Walmart offers the refurbished Vizio 42" 1080p LED-Backlit LCD HD Television, model no. E420-A0, for $298 with free shipping. That's tied with our mention of a refurb from October as one of the least expensive 42" 1080p LED LCD HDTVs we've ever seen. (It's also $138 under the price of a new unit.) Features include a 1920x1080 (1080p) native resolution, LED backlight, USB, and two HDMI inputs.