| Sometimes it is hard to resist the allure of buying something brand new: a car with its new car smell, an outfit that no one else has, a book with not one crease or smudge on the cover. Yet there are some items where it really does pay off to forgo the thrill of buying new and opt for used instead. Cars The second a car is driven off the lot, it reverts to its wholesale price (the price the dealer paid for it), which means a large portion of its value is instantly gone. 1. CAR- Cars depreciate in value about 15-20 per cent each year, but in the first year the depreciation is even steeper. Though you can not stop depreciation, you can avoid the first-year loss by buying a used car. And with cars being built to last longer than ever, you can purchase a car with some miles on it and not have to worry that it`s going to conk out a year later. The second a car is driven off the lot, it reverts to its wholesale price, which means a large portion of its value is instantly gone. You can avoid the first-year loss by buying a used car. And with cars being built to last longer than ever, you can purchase a car with some miles on it and not have to worry that it is going to conk out a year later. 2. Kids instruments: Kids may take up the hobby then decide to quit five weeks later. When choosing a used instrument, make sure to find a reputable dealer who will stand behind the product and make any necessary repairs. Many kids` items are used for a few months, or in the worst cases, a few hours, then grown out of, no longer needed or pushed aside in favor of a new-and-improved model. 3. Musical instruments: These ranges from pianos to drums to clarinets. They are available used at a fraction of the cost of brand new ones. Unless you are a professional musician or plan to use the instrument heavily, a used variety should more than satisfy your needs. 4. Sports items: Sports items that may not apply here include shoes, gloves and anything else that should be of right size, and motorized items like treadmills, whose condition may be harder to judge. But,sturdy items like hockey sticks, volleyball nets, croquet sets, weights and other sports items that stand up to use over time. You can buy them used at a discount price and still get plenty of use out of them. 5. CDs and DVDs: Items like CDs and DVDs are much more expensive when they first come out and are brand new. If you are ready to wait, you can save up to 50% or more by buying these items used. Video rental stores often sell used copies of movies.. 6. Books: Buying used books is often highly debated. Used copies do not support authors, as they are only paid for new copies sold. Some say buying used is better for the environment, and is no different than borrowing from a library. 7. Jewellery: Gemstones and jewellery are subject to huge mark-ups of 100% or more yet command maybe one-third of their retail price should you decide to sell. But, you must consult a reputable shop and ask the owner for some used jewellery and even buy used stones and have them reset. Friends, are these tips useful? Please comment. |