If you’re trying to save money, switching from brand new to used items can make a lot of sense. Buying used doesn’t always work out, but exploring the pre-owned market is one of the best ways to save across many types of product. These five are particularly good candidates.
Cars
Buying a brand new car rarely makes financial sense – vehicles depreciate rapidly, often losing thousands in the first month. Buying a gently used car lets you benefit from that depreciation and save a lot. Look for low kilometres and a full service history; as long as a mechanic checks it over thoroughly, it should be just as reliable as new, and buying from a dealer may even come with a comparable warranty.
High-end furniture
If you have your eye on a well-made brand of furniture, buying from a consignment gallery or private seller could save you hundreds. Quality, well-crafted furniture is worth the price because it lasts far longer than cheaper pieces – but the sticker price can be hard to justify, so buying used makes a lot more sense, especially when furnishing a whole home. The online classifieds can save you even more.
Tech gadgets
You don’t have to be an early adopter or spend big to get great tech. Early adopters are always chasing the next big thing and are often willing to part with near-new gear cheaply. You can find almost-new phones, tablets and other high-end devices through online auctions, classifieds and even in stores – all the features, without breaking the bank.
Backyard play equipment
A full wooden swing set can cost thousands, and even a simple metal one hundreds – a lot for something kids may use for only a season or two. Because they’re outgrown so quickly, there are plenty of used ones on the market, often at less than half the price of new. You’ll need a way to transport and reinstall it, but once it’s up, the kids will love it just as much, and you can put the savings towards their education fund.
Books
If you have a student heading off to university, you’ll soon learn how expensive textbooks can be – and used ones are widely available and much cheaper, through specialty websites or notice boards. Parents can save on their own reading too: libraries hold regular book sales to raise funds, often with the latest bestsellers, and you’ll find great used books at markets and online.