Factory Outlet offers the used Unlocked Apple iPhone 5 16GB Smartphone for GSM Networks in White, model no. MD294LL/A, for $299 with free shipping. That's $191 under our June mention of a new one and $331 below the lowest price we could find for a new one today. It features an Apple A6 processor, 4" 1136x640 Retina display, 8-megapixel iSight camera, 1.2-megapixel FaceTime HD camera, 1080p video capture, 802.11n wireless, Bluetooth 4.0, and 1GB RAM.

Of note, no warranty information is available. This deal also includes the phone only; no charger or accessories are included.