We all love new stuff, especially around the holidays.
But buying new can be costly. So when it comes to buying for yourself, we have a list of things you should consider buying used instead.
A recent report from CNBC lists some things you that can save you a small fortune, if you purchase them previously owned.
Cars, especially 3-year-old lease trade-ins, that can be half the price of new.
Baby items like jogging strollers and clothing (but not car seats, see below).
Refurbished smartphones and laptops: If you buy from Apple, Dell or Samsung, refurbished will be guaranteed good as new at 30% off or more (but be wary of used phones and laptops on Craigslist or at garage sales).
Sporting goods and outdoor gear, like football and hockey equipment, skis, tents and backpacks. Stores like Play it Again Sports have created a whole industry around this. That way if your child doesn’t like the sport, you’re not out hundreds of dollars.
What NOT to buy used
But from the “doesn’t that stink” file, there are some items not to buy used.
Unless it’s factory refurbished, any used laptop is risky. It may have been dropped or infected with malware, which is why they are selling it.
Buy one and you’ll say “doesn’t that stink.”
And for safety’s sake, avoid used baby cribs, car seats, bike helmets, kitchen appliances (like dishwashers) and beds.
What about used Christmas gifts? If you are buying someone else a holiday gift, they probably would expect it to be new in the box. Some frugal people don’t mind used, however.
So just make sure they are OK with receiving a used item, so you don’t get a mortified look on Christmas morning, and you don’t waste your money.
Don’t Waste Your Money” is a registered trademark of Scripps Media, Inc. (“Scripps”).
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