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20 Items You Should Never Buy New (According to Financial Experts)
Smart shopping isn't just about finding the best deals—it's about knowing which items offer better value when purchased used. Financial experts have identified these 20 items that you should consider buying second-hand to maximize your savings without compromising quality.
1. Cars : Why:
-New vehicles depreciate 20-30% in the first year:
- Savings Potential: $5,000-15,000+
- Best Places to Buy: Certified pre-owned dealerships, reliable used car lots
- Expert Tip: Look for vehicles 2-3 years old with low mileage
2. Textbooks: Why:
-College textbooks lose value quickly but content remains relevant
- Savings Potential: 50-80% off retail prices
- Best Places to Buy: Campus bookstores, Amazon, Chegg
- Expert Tip: Check for online or rental options first
3. Sports Equipment - Why:
-Often barely used before being resold
- Savings Potential: 40-70% off retail
- Best Places to Buy: Play It Again Sports, Facebook Marketplace
- Expert Tip: Inspect items thoroughly for safety and wear