Buying New or Used?

Most people will scoff at the thought of buying used items instead of a pricier brand new one when it comes to most items. While I agree that there are things that you should never buy used, I will also argue that there are things that you should never buy brand new because its not economical. Buying used items that are still in good condition will allow you to save money and help you in your goal of early retirement, if you’re into that.

Here are some things that you should consider buying used.

  • Blu-Ray Disks, CDs, Books and other forms of Media

Yes, there are still people out there that buy these things and that include me. While these are not exactly big purchases, you can still save a lot of money if you buy these items used as opposed to new, especially if you buy regularly. You can save as much as half off when buying used. Of course, you will have to do your due diligence and make sure that the item is in good condition.

  • Vehicles

Cars and other types of vehicles are a bit tricky if you don’t know how to spot the signs of an abused one. If this is the case, then it’s time to do some research and some reading on how to buy a 2nd hand car. Buying a used car can let you save up to 50% and this allows you to save a lot of money. Also, the insurance that you will have to pay will also be lowered due to the lower value of the car. A brand new car costs around $30,000 while a 3 year old car will cost significantly less, around 50%.

  • Used Home Furniture

Another item that you can buy used without too much wear and tear are home furniture and fixtures. Instead of buying new ones at outrageous prices or low quality ones like IKEA, that you also have to assemble, why not consider getting an already used one of higher quality and even cheaper prices?

  • Home Gym Equipment

Gym memberships are wasted on a lot of people. I’m one of them. I purchased a gym membership at my hometown and I rarely went there because sometimes, I just feel lazy and sometimes, I’m just too tired from work. Whenever I think about that gym membership, I always think about what a waste of money it was. However, recently, I have started to grow fatter by the day and I wanted to change that.

Instead of wasting my money on another gym membership, I just started buying gym equipment and do my workout at home. I bought brand new weights and some bars and when I browsed some ads about 2nd hand gym equipment, I was a bit furious at myself because the prices are significantly cheaper. And, these 2nd hand equipment are still in good condition. Lesson learned.

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