Man, if this thread doesn't scare anyone else from buying a refurbished 360 from eBay, I don't know what will.
Even the months guarantee wouldn't satisfy me. I had one person with 600+ feedback complete fuck me over (and everyone else after some point when he decided to flip out).
I know you're trying to pay for small pieces at a time but unless much less than $100 is something along the lines of $20, I would never risk it.
- What if your console has been banned? I doubt that's covered in his one month warranty
- What if he used the towel trick? The console can stay fine for anywhere from a week to months before it gives up again (and it will if he used the towel trick).
- What if it's a launch or near launch model? Hell, what if it were even bought a year after launch?
- You still have to buy a hard drive
- You still have to buy your own power brick (MAKE SURE IT COMES WITH BOTH CORDS)
- The seller could decide to screw you and just not honor his one month warranty
- I'm sure that warranty isn't air tight and there are many ways for the seller to finagle himself out of it
- You have no 3 year warranty since it's refurbished
Just so many things can go wrong and I would assume at least one of those would happen.