Update (4/29 12:08pm): Looks like the $599 model is now sold out, but stay tuned because we will let you know when they are back!

The release of updated MacBook Air models this morning has prompted Apple to drop the price of previous generation refurbished models down to unprecedented levels. The mid 2012 models now start at just $599 and include a 1-year warranty. These models feature dual-core Intel Core i5 processors and LED-backlit widescreen displays. There are currently three different models listed with storage capacities up to 256GB, but that can change at any moment since Apple refurbished inventory is generally extremely limited.

To put this pricing in perspective, you can now get a MacBook Air for only $100 more than an entry-level iPad Air. Put another way, that’s $100 less than a Wi-Fi iPad Air with the same storage capacity.

The 1-year limited warranty is the same that’s included on new condition products. All refurbished Macs are also eligible for AppleCare just like brand new Macs giving it the same three year support as a new model. Read more about the Apple refurbishment process here. You can order your refurbished Mac for home delivery or in-store pickup at your nearest Apple Store retail location.

Don’t be scared off by the low storage size of the $599 model, because it’s not too hard or expensive to upgrade your MacBook Air anymore.