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missflick
03-28-2012, 07:28 AM
http://yourmoney.ca/clearfacts/top_10_things_you_should_never_buy_new/02b524a9

Any arguments?

ETA: Could some admin change "yop" to "top"? :o

manhn
03-28-2012, 07:37 AM
I disagree on housing. When the market tanks, developers are faster to drop prices.

ArtisticFan
03-28-2012, 11:42 AM
I would agree with the furniture one unless it is a fabric covered one. I really get a little squicked out by the thought of using a used mattress, couch, etc.

antmanb
03-28-2012, 11:46 AM
I think the list seems pretty stupid to me, in a top ten list i'd expect more everyday things to be on the list - pets, pre-med textbooks, bridesmaids dresses, houses and bikes are all what i would call "one off" purchases, that you either have a need/desire for or don't.

The "tips" were also in the league of tips like don't forget to pull down your pants before going to the toilet.

Ajax
03-28-2012, 03:28 PM
After my bedbug debacle last year, I would never consider buying used furniture again, no matter how much money it saves me.

PDilemma
03-28-2012, 03:38 PM
This article is just one of the many "how to save money" articles that is either full of common sense or just doesn't apply. They are all over the place.

As for bridesmaid dresses, if you can rent one you're lucky. All FIVE weddings I was in were of the "it is going to be so cheap because we're having it made" variety (almost $200 for one) or the "I just know you'll wear it again and it is this odd dress at this specific shop and they are holding your size". I never wore one again. And they were all brides who preferred the matchy-match look so there was no choice about where to get the dresses.

agalisgv
03-28-2012, 03:44 PM
After my bedbug debacle last year, I would never consider buying used furniture again, no matter how much money it saves me.Good furniture can last a lifetime. If you just need something to live in a dorm for a few years, then sure--buy from another student moving out. But with things like bugs and other unmentionables potentially lurking in furniture, I would be careful about buying used. I would also never purchase furniture from places like Goodwill or Salvation Army. Some of those outlets won't even accept furniture anymore because of problems with lice, bed bugs, and other parasites being invested in donated furniture.

I also don't think it's a gimme to buy toys used. I was in a thrift shop awhile back, and the prices on their used toys was more than the cost of the same toy brand new. It makes no sense to buy something used with missing pieces for the same price or more than a new toy. Generally used toys are in such rough shape, it's the rare item that could withstand being heartily used by another child.

I think the bike suggestion is good, though. I'm surprised they didn't put cars on the list.

reckless
03-28-2012, 04:35 PM
Bikes are a problem if you are small. In Los Angeles, for instance, it is very hard to find good used bikes if you are between 5'0 and 5'5." I have had a bike dealer tell me that is because those bikes are desirable for teens, women of all ages, and Hispanic men (who are smaller on average than non-Hispanic men).

With respect to jewelry, it is completely a matter of taste. Sure there are pawn shops with jewelry, but some people prefer modern designs or designing their own.

As for pets, I'm a big fan of rescues and shelters, having rescued both of my dogs. On the other hand, some rescue groups are impossible to deal with and impose onerous restrictions on people who want to adopt dogs. Poodle Rescue in Los Angeles is notorious; I know several people give up trying to adopt through them. And I've seen situations where rescue groups grab the most desirable, i.e., the most adoptable dogs from shelters and then turn around and charge pretty high adoption fees. Probably 80%-90% of the dogs available for adoption at the Los Angeles city shelters are pit bulls and chihuahuas (the latter because the major chihuahua rescue group in the city was shut down several years ago because the woman operating it was a pet hoarder). I think a lot of rescue groups are well meaning, but some, in their zeal to save pets, overlook that they can make it hard for some animals to find loving homes.

skateycat
03-28-2012, 04:39 PM
Count me as another one who says that cars should have been on this list. There is an emotional aspect to buying a car new, and there is a warranty on a new car. But the value of a new car drops by thousands once you drive it off the lot and most lose a large chunk of value in the first four years. Some personal finance thinkers say that until you're a millionare(!), that loss in value represents too big a chunk of your financial life and that buying used cars is the only thing that makes sense. That sounds drastic to me, but it is a thought that is sticking with me.

I shop the consignment stores for clothes for me and little skateycat first. Sometimes I find some awesome shirts and pants, but that's about it. When he is finally ready to let go of old toys, I will take them to the consignment store for consideration, but we hardly ever buy their used toys. They sell gently used shoes, but I've never had any luck with used shoes.

skateycat
03-28-2012, 04:41 PM
And my adorable cat Honda was a rescue from under the trailer kitty from when my elderly uncle had to send all the kitties who didn't have names to to the shelter.

reckless
03-28-2012, 04:52 PM
Count me as another one who says that cars should have been on this list. There is an emotional aspect to buying a car new, and there is a warranty on a new car. But the value of a new car drops by thousands once you drive it off the lot and most lose a large chunk of value in the first four years. Some personal finance thinkers say that until you're a millionare(!), that loss in value represents too big a chunk of your financial life and that buying used cars is the only thing that makes sense. That sounds drastic to me, but it is a thought that is sticking with me.
While new cars lose a lot of value when they leave the lot, I don't see used car prices necessarily reflecting that. I think used car prices are propped up significantly by dealers and manufacturers sending used cars out of the U.S., thereby diminishing supply, and using blue book prices as a way of ensuring that prices remain consistent. There also is the problem of dealers being unable or refusing to negotiate lower prices when people want to buy cars at the end of a lease. I know a few years ago, I tried to negotiate to buy my mom's leased car. The contract required her to pay $33,000, but the dealer would probably only get about $20,000 at auction. I offered $25,000, which even the dealer agreed would be significantly more than it was likely to get at auction, but the dealer still refused.

Cupid
03-28-2012, 04:53 PM
. . .

As for pets, I'm a big fan of rescues and shelters, having rescued both of my dogs. On the other hand, some rescue groups are impossible to deal with and impose onerous restrictions on people who want to adopt dogs. Poodle Rescue in Los Angeles is notorious; I know several people give up trying to adopt through them. And I've seen situations where rescue groups grab the most desirable, i.e., the most adoptable dogs from shelters and then turn around and charge pretty high adoption fees. Probably 80%-90% of the dogs available for adoption at the Los Angeles city shelters are pit bulls and chihuahuas (the latter because the major chihuahua rescue group in the city was shut down several years ago because the woman operating it was a pet hoarder). I think a lot of rescue groups are well meaning, but some, in their zeal to save pets, overlook that they can make it hard for some animals to find loving homes.

I've often wondered what happens to the pets in foster care who are never adopted by anyone? Do they stay in their foster home forever or are they passed on to others in the program? Are they treated as members of the family or are they crated?

Wondering because I adopted a rescue. She had a foster sister who never had even one application in the year that they got her. They tried to get me to adopt her (another pitbull mix), but I know that one is all I can afford for now.

Sorry for being off topic.

manleywoman
03-28-2012, 05:07 PM
I agree with:

Pets
Kids' clothing
Bikes
Designer labels
Toys

I have to wonder why cars aren't on the list. New cars are so $$$. You can get a one-year old car for so much less.

danceronice
03-28-2012, 05:20 PM
Cars, it depends on what you're buying and why. The average person, yes, probably okay getting it used if you know what you're looking at and have a good garage that can check it BEFORE you pay for it.

There is no way I'm buying furniture, except solid wood, from goodwill.

Bridesmaids' dresses? Setting aside that I've never seen expensive ones, though I'm sure they're out there for super high end weddings ($200 is not a lot for a dress, and once you're used to dresses that cost $2000, it's very clear what the difference is), relying on finding something used might work for a small wedding with few attendants and a bride who's not picky. Otherwise, the available sizes, colors, and cuts and the fact most Goodwills and SAs price formals in the $50 anyway means you're not really making life any easier...

Jewelry? What? Pawn shops aren't run by idiots. They know what jewelry is worth (in particular anything with gold.) On an intrinsic-value item, you're not going to pay much less than original retail, if that. More, if the price of gold's gone up since they acquired it. I doubt based on that the article author's even seen "Pawn Stars", let alone set foot in an actual pawn shop.

PDilemma
03-28-2012, 05:36 PM
I agree with getting pets at shelters when possible (not always possible if you are not a dog or cat family). But I kind of dislike calling animals "used".