Not all things are worth buying brand new. Yes, brand new may be sleek, shiny, and flawless but sometimes, used or second-hand is good enough, especially when you take into consideration the amount of money you are going to save, and the function of that stuff you are going to buy. Where it functions quite fine, and the way it looks is a secondary thing, then you should consider just buying pre-owned. Here are some of them.
We know how it works. Soon as you sign the dotted line and drive the car off the lot, its value depreciates by about 10-15%. On its first year, it’s about 20% and by its third year, 50%. While a car’s value falls like a rock, it can still be in a good condition. Cars don’t die that fast especially if they are well-maintained. Of course, before deciding on a used car, you have to do your homework in order to get the best value for your money.
Don’t judge a book by its cover, they say. It’s actually makes financial sense. A book’s value is in its contents, not in its looks. It does not matter if it’s already beat up as long as it’s good enough, it will do fine. So next time you think of buying a book, consider going to a “used” bookstore first. It will save you a lot of cash.
Furniture is another one of those things that don’t die easily. They can be fixed, repainted, or reupholstered, saving you a lot of money than buying them brand new. Of course, you would need more diligence in looking for used furniture that would fit nicely into your space, but you might be able to find thrift shops online. Another alternative is posting on your Facebook wall, asking friends if they have any used furniture for sale. How’s that?
First, babies grow up too fast that one piece of clothing you buy today might not fit in a few months anymore. Simply go for used items or better yet, ask for hand-me-downs from family and friends. Second, nobody pays attention to babies’ fashion. They are cute whatever they wear, anyway.
Musical instruments are both expensive as well as durable. If you have kids who are enrolled in a music class or it’s just you who wants to learn a new skill or hobby, you don’t need to buy a brand new guitar or piano. Save that for your future world tour concert.
Probably the most expensive of all the things that can be purchased in your entire lifetime, a house can even cost more if it’s brand new or a new development. Instead of buying a newly developed home, go for foreclosed properties instead. Foreclosed properties are those sequestered by the banks, who want to get rid of low performing assets. If you have good credit, you might even be able to negotiate the interest rates further, saving you more money. After all, a house doesn’t have to be brand new in order to be livable.