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“why is this at a cheaper price compared to others? Is it new or refurbished?”

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Acer - Aspire 16 AI Laptop 16.0 WUXGA (Qualcomm Snapdragon X X1-26-100, 16GB LPDDR5X, 1TB SSD, Win 11 Home) w/USB Hub - Steel Gray-Front_Standard
Acer - Aspire 16 AI Laptop 16.0 WUXGA (Qualcomm Snapdragon X X1-26-100, 16GB LPDDR5X, 1TB SSD, Win 11 Home) w/USB Hub - Steel Gray
$549.99
Save $137.49
Comp. Value: $687.48

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