7 Things You Should Buy Used

Buying new things is great, but when it comes to saving money, here are 7 things that you should consider buying used…

1. Cars.

We all know that when you drive a new car off the lot the value drops immediately. Those who are patient can save thousands of dollars. I have never purchased a brand new car. In fact, I bought a car that was only a year old, and saved almost $20,000 of the original price.

2. Furniture.

You can find good quality furniture at one third of the price or less. Just shop your local thrift stores, auctions small furniture stores and yard sales.

3. Workout equipment.

Tons of people buy treadmills, elliptical and rowing machines thinking they will put it to good use and get fit. But most just end up taking up space and collecting dust. This is where you can find a real bargain. Look for ads in your local newspaper and shop yard sales for good deals.

4. Designer jeans.

You know jeans can cost as much at $300 for a pair. But getting them used can cut the price to under a third of the original cost. The bonus is that they might look trendier with the worn look. Thrift stores are great places to get deals on fancy jeans. You may even find a pair that’s never been worn, with the tags still on.

5. Books and textbooks.

If you have a child in college, or going to college soon, this is a great way to save money. And for the casual reader, used books are just as good as new. Again, hit the thrift shops, garage sales and even used book stores.

6. Timeshares.

I don’t recommend buying a timeshare. But if you do, the resale marketplace is the place to go. You’ll get a great deal, and find the vacation home you’ve always dreamed of.

7. Tools.

Most brand name tools will last a lifetime and most people do not use them regularly. So there is no need to buy them new when you can pick up used tools on the cheap. Great places to find used tools include smaller tool stores, and at pawn shops where people sold them to get some quick cash.

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