Which Items Can You Buy Used and Which Should You Purchase New?

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Source: Thinkstock

It’s great to save money, and purchasing expensive items used can be a great way to save some dough. Many big ticket items, such as cars, appliances, and other expensive (and inexpensive items) can safely be purchased used if you shop carefully. Almost anything can be purchased used now, and as long as you inspect your items before you buy them, you can easily purchase most things used. However, not everything should be purchased used.

Some items need to be purchased new for safety or endurance reasons. Luckily, many of the more costly items can be purchased new, which helps save money. It is important to know which things shouldn’t be purchased new, though, in order to stay safe and have items that will last. When you do buy something used, you will need to take every precaution to make sure you are buying something that will last and be safe.

Choosing to purchase big ticket items used will save you a lot of money, and if you are careful, you won’t have to sacrifice quality. Many new cars lose their value very quickly, and if you shop around, you can find a good deal on a used car. You can go through a dealership or an individual seller, but either way you will want to research the value of a specific car (try the Kelley Blue Book.)

If you do go to a dealer, you may be able to trade in an old car to help you get a better deal, and some dealerships offer warranties as well. However, an individual seller might be a better fit if you dislike dealing with salespeople, or you are looking for a particular car and see a good deal. If you do buy a used car, make sure you get an inspection first, and look at Car Fax to see the vehicle’s history report; doing these two things will help increase the odds that you will make an informed decision and purchase a used car that is a good bet.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business