Are you in the market for a big-ticket item, like a car or phone? Buying brand new may feel satisfying, but it often means overpaying for items that lose value fast. From furniture to tech, these new items can have hefty price tags. Here are 10 things you’re better off buying used. The savings really add up quickly.
1. Cars
A new car loses 20–30% of its value the moment you drive it off the lot. After five years, it’s often worth less than half. Buying a well-maintained used vehicle can save you thousands while still offering reliability. Many certified-pre-owned vehicles are in excellent shape. Plus, if you’re financing your car, you’ll have the ability to pay it off faster.
2. Textbooks
College textbooks can cost hundreds each semester. Used versions can cut that cost by 50–80%. Most students only need them for a few months anyway. Some universities even have textbook rental programs. You can usually find pre-owned books on Amazon, as well. Don’t throw away money by purchasing textbooks new.
3. Furniture
Gently used furniture often sells for a fraction of retail prices. Look for quality wood pieces, those hold up better over time than trendy flat-pack options. Even buying cheaper furniture new at discount stores like Ikea isn’t a smart investment. Many of these pieces will quickly break over time. Instead, buying used will get you a much better-quality item.
4. Tools
Power tools and equipment are frequently bought for one-time home projects and then sold barely used. You can save 30–70% on tools that still have years of life left. Many people sell used tools on Facebook Marketplace or other resale sites. You should also consider renting tools from stores like Lowe’s or Home Depot if you only need the equipment for one project.
5. Baby Gear
New baby gear can cost you thousands of dollars. Plus, babies grow fast. Things like strollers, swings, and bassinets are often outgrown within months. Buying secondhand can save new parents hundreds, without sacrificing quality. You can find open boxes and refurbished items on sites like Good Buy Gear or REBEL (formerly Rebelstork). Even asking friends and family for hand-me-downs is a smart idea.
6. Workout Equipment
Many treadmills, weights, and bikes become expensive coat racks. Lightly used gear can go for half, or less, of the original cost and function like new. Popular workout equipment, like Peloton, can even be rented. If you do choose to rent equipment, make sure that you aren’t paying more for the items over time than you would buy them upfront.
7. Luxury Clothing
Designer brands can depreciate like cars. Thrift or consignment shops often sell high-end pieces in near-perfect condition for a fraction of retail prices. Do your research before buying a designer piece. For example, some luxury handbags will retain their value or increase over time. For example, a Hermes bag might be a good investment. Don’t buy luxury without knowing the market and making smart choices.
8. Tech Gadgets
Last year’s phone or tablet model often works nearly as well as the latest one. Plus, it can cost 20–40% less when bought refurbished, or used. You don’t always need to buy the latest gadgets right away. Wait until they go on sale or there is an offer that makes sense for your finances.
9. Books and DVDs
Books and DVDs can be a waste of money when bought new. Most are read or watched once, then shelved. Used bookstores and resale sites offer them for pennies on the dollar compared to new. In addition, you can find most titles at your local library for free.
10. Recreational Equipment
Do you always buy recreational equipment new? Things like bikes, skis, kayaks, and tents can be very expensive. You can usually find better deals than buying these items new. People often try new hobbies, lose interest, and sell barely-used gear at major discounts.
Never Buy These Items New- Try Secondhand
Buying secondhand doesn’t mean settling. Really, it means spending smarter. With a little research, you can keep more money in your wallet without sacrificing quality or function.
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Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.
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