Page 1 of 3 123 LastLast
Results 1 to 20 of 50
  1. #1
    Registered User
    Join Date
    Jul 2003
    Location
    Calgary
    Age
    46
    Posts
    8,732
    vCash
    500
    Rep Power
    0

    Post Top Ten Things You Should Never Buy New

    http://yourmoney.ca/clearfacts/top_1...y_new/02b524a9

    Any arguments?

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

  2. #2

    Join Date
    Jan 2002
    Location
    BC
    Posts
    9,142
    vCash
    500
    Rep Power
    34134
    I disagree on housing. When the market tanks, developers are faster to drop prices.

  3. #3
    Registered User
    Join Date
    Aug 2004
    Location
    Atlanta
    Posts
    2,402
    vCash
    500
    Rep Power
    0
    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.

  4. #4

    Join Date
    Oct 2006
    Posts
    3,195
    vCash
    400
    Rep Power
    32587
    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.

  5. #5
    Registered User
    Join Date
    Apr 2002
    Location
    Beantown
    Posts
    3,302
    vCash
    500
    Rep Power
    0
    After my bedbug debacle last year, I would never consider buying used furniture again, no matter how much money it saves me.

  6. #6
    Registered User
    Join Date
    Apr 2008
    Location
    Midwest
    Posts
    4,749
    vCash
    500
    Rep Power
    0
    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.

  7. #7
    Registered User
    Join Date
    Jan 2005
    Posts
    23,859
    vCash
    500
    Rep Power
    0
    Quote Originally Posted by Ajax View Post
    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.

  8. #8

    Join Date
    Mar 2002
    Location
    I'm turning what????
    Age
    44
    Posts
    9,314
    vCash
    500
    Rep Power
    1143
    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.

  9. #9
    Minecraft Widow
    Join Date
    Nov 2001
    Location
    In a happy archivist void!
    Posts
    1,691
    vCash
    402
    Rep Power
    8472
    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.
    Cigarettes are like squirrels. They are perfectly harmless until you put one in your mouth and light it on fire. -- @ciggybuttz on Twitter

  10. #10
    Minecraft Widow
    Join Date
    Nov 2001
    Location
    In a happy archivist void!
    Posts
    1,691
    vCash
    402
    Rep Power
    8472
    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.
    Cigarettes are like squirrels. They are perfectly harmless until you put one in your mouth and light it on fire. -- @ciggybuttz on Twitter

  11. #11

    Join Date
    Mar 2002
    Location
    I'm turning what????
    Age
    44
    Posts
    9,314
    vCash
    500
    Rep Power
    1143
    Quote Originally Posted by skateycat View Post
    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.

  12. #12
    Registered User
    Join Date
    Nov 2003
    Posts
    3,486
    vCash
    500
    Rep Power
    0
    Quote Originally Posted by reckless View Post
    . . .

    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.

  13. #13
    podcast mistress
    Join Date
    May 2003
    Location
    Ready to interview Uncle Dickie at any time.
    Posts
    7,823
    vCash
    2367
    Rep Power
    4368
    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.
    In my spare time, I like to interview figure skating legends.

  14. #14
    Corgi Wrangler
    Join Date
    Apr 2006
    Location
    Not Wearing Enough Sparkles
    Posts
    6,454
    vCash
    510
    Rep Power
    5546
    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.

  15. #15
    Registered User
    Join Date
    Apr 2008
    Location
    Midwest
    Posts
    4,749
    vCash
    500
    Rep Power
    0
    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".

  16. #16
    Corgi Wrangler
    Join Date
    Apr 2006
    Location
    Not Wearing Enough Sparkles
    Posts
    6,454
    vCash
    510
    Rep Power
    5546
    Quote Originally Posted by PDilemma View Post
    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".
    I call Puff my secondhand dog...But I got him from his original owners via a stopover with a family while I closed on a house and his old owners had to move.

    If you don't have specific needs with a pet (breed, age, coat, working/showing, allergies, etc) a shelter is the way to go. If you DO have specific needs, a small-scale reputable show or working breeder is the way to go. Pet stores aren't 'new dogs', they're God-knows-what from a CKC breeder (CKC= Continental Kennel Club, aka "We all got thrown out of the AKC for being puppy mills.")

  17. #17

    Join Date
    Jun 2008
    Location
    Seattle, WA
    Posts
    1,636
    vCash
    500
    Rep Power
    7676
    I disagree with most of it - mostly because of the word 'never'

    Kid's clothes - I enjoy buying new clothes for my kid, thuogh most of it is hand me downs. Why shouldn't I enjoy buying a few brand new items?

    Toys - sure, but trying to pick up toys in a thrift store - most of them are broken. Sometimes you need new stuff.

    Bikes - sure - unless you are actually biking as a sport, and need the new equipment - chances are that parts for a used bike might be hard to get, that components on it doesn't fit your needs so you will have to replace it anyways.

    furniture - really? most furniture gets a lot of wear and tear.

    textbooks - I never wanted other peoples notes in my text books.

    houses - Really depend on what you want. New developments can have many advantages, including gettings things the way you want it. My parents lived in the house my mom and her first husband build together for more than 30 years - the kitchen was EXCATLY they way she wanted it, and the house was unique.

    Formal wear - I can see renting. Finding something that fit you and the style you need used might be hard. For guys: Buy one set at a good tailor. Fitted formal wear on guys looks a million times better.

    Pets I agree with. Except the 'never'. If you have a burning desire to attend dog shows, you need a show worthy dog, and papers. If you want a show horse, you would be very lucky to find a resuce one (most of them have lots of health issues and are more suitable as lawn ornaments and light trail riding - all the power in the world to the people who can afford that though).

    I would not really occur to me to buy jewellery used: I don't go looking for new pieces, usually my husband or I stumbles over something and buys it. I don't own a lot of big diamonds, more unique, artisan pieces

    I don't really know anything about designer lables to know if it makes sense to buy used. Wouldn't it be last years fashion?

  18. #18
    Registered User
    Join Date
    Sep 2010
    Posts
    2,411
    vCash
    500
    Rep Power
    0
    I was also surprised about cars: Unless you are buying a classic (or future classic and how would you know?) then even the best cars depreciate quickly.

    I bought my '98 Honda in 1999 with 11,000 miles (mostly highway) as the previous owner was taking the turnpike each day to work. I could not believe the difference in price and I still have that car today. Regular maintanence is all it ever needs except for a brake job last year. I won't let go of it as it is money in the bank as far as I'm concerned. If I WIN a new car fine--but otherwise let me have a car with a few miles. I am thinking of changing the color from black to white because our winters have become so mild (nah--climate change doesn't exist .) But that is it.

    I would love to know why cars were left off of the list.

  19. #19
    Registered User
    Join Date
    Apr 2008
    Location
    Midwest
    Posts
    4,749
    vCash
    500
    Rep Power
    0
    Quote Originally Posted by danceronice View Post

    If you don't have specific needs with a pet (breed, age, coat, working/showing, allergies, etc) a shelter is the way to go. If you DO have specific needs, a small-scale reputable show or working breeder is the way to go. Pet stores aren't 'new dogs', they're God-knows-what from a CKC breeder (CKC= Continental Kennel Club, aka "We all got thrown out of the AKC for being puppy mills.")
    There are not often, in my area, pets other than cats or dogs at shelters. That is an issue as well. Because believe it or not, some people don't want a cat or dog. We have a rabbit and always will have rabbits. Once in awhile there are rabbits at shelters here, but you have to get really lucky to find one that way. My in-laws did last year, but she was literally the only bunny that had been at the shelter in a large metro area in ten months. One unfortunate reason for that is that many people think an unwanted domestic rabbit can be released to live on its own. They cannot. [On a side note, as it is almost Easter, tell people you know that they are pets who live for 8-10 yrs, require a lot of care and can't just be let out the back door if you are tired of them].

    I have friends who have reptiles. Not my cup of tea. But they love them as pets. And, again, rarely at area shelters. In fact, in their experience, never at local shelters.

  20. #20
    Reality TV's Bytch
    Join Date
    Mar 2003
    Location
    Oblivion
    Posts
    1,838
    vCash
    500
    Rep Power
    0
    Quote Originally Posted by Cachoo View Post
    I was also surprised about cars: Unless you are buying a classic (or future classic and how would you know?) then even the best cars depreciate quickly.

    I bought my '98 Honda in 1999 with 11,000 miles (mostly highway) as the previous owner was taking the turnpike each day to work. I could not believe the difference in price and I still have that car today. Regular maintanence is all it ever needs except for a brake job last year. I won't let go of it as it is money in the bank as far as I'm concerned. If I WIN a new car fine--but otherwise let me have a car with a few miles. I am thinking of changing the color from black to white because our winters have become so mild (nah--climate change doesn't exist .) But that is it.

    I would love to know why cars were left off of the list.
    Unfortunately, nowadays, a used car doesn't cost that much less than a new car. We went car shopping last year, and no way were we going to buy a used car with 20K-30K miles for a few thousand less than a new car.

    ETA Today, a used Honda with 11K miles will cost you a lot more that it would have in 1999.

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •