{"id":50557,"date":"2021-10-27T09:12:28","date_gmt":"2021-10-27T01:12:28","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=50557"},"modified":"2024-01-31T15:33:37","modified_gmt":"2024-01-31T07:33:37","slug":"buy-second-hand","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/buy-second-hand","title":{"rendered":"Does It Make Sense Financially To Buy Second-Hand?"},"content":{"rendered":"

Depending on which consumer camp you belong to, the phrase \u201csecond-hand\u201d usually evokes one of two sentiments: a great opportunity to save some money, or\u2026 scepticism at the prospect of using items that have been worn, handled, touched and groped by past owners.<\/p>\n

However, buying second-hand is better for the environment<\/a> and, of course, can save you a ton of money. If you\u2019re worried about the hygiene aspect of buying second-hand, or if used items won\u2019t be as reliable as new ones, here\u2019s good news: many items are easy to sanitise to remove signs of past usage, and it\u2019s possible to find hardly used or well-kept items that can last you for years.<\/p>\n

The trick to buying second-hand is knowing which items are worth the trouble. Here are eight times you could consider going the second-hand route:<\/p>\n

<\/span>1. <\/strong>Electronics<\/strong><\/span><\/h2>\n

Buying second-hand tech is tricky, as it\u2019s hard to inspect everything that could go wrong with a used electronic equipment. Sure, you could check if a laptop boots up, whether the screen flickers, if the hinges work fine \u2013 but it\u2019s easy to miss out on a myriad of things, such as a dying battery, corrupted system files or a failing hard drive.<\/p>\n

In addition, some types of tech \u2013 such as laptops and phones \u2013 can become obsolete very quickly, while others \u2013 like headphones and video game consoles \u2013 can squeeze out an extra few years of use.<\/p>\n

If you\u2019re willing to take the risk, it would be a good idea to meet the seller in person (in a safe, public space) so that you could inspect the tech. If possible, spring for something that still has a valid warranty, which could save you trouble down the line if you encounter problems with your purchase.<\/p>\n

However, the pay-off for getting second-hand tech may be worth the trouble, as you can potentially save quite a bit:
\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
How much can you potentially save by buying second-hand electronics?*<\/th>\n<\/tr>\n<\/thead>\n
Item<\/td>New<\/td>Second-hand<\/td>\n<\/tr>\n
Bose QuietComfort 35 II Wireless Headphone<\/td>RM1,559<\/td>RM850<\/td>\n<\/tr>\n
Huawei Mate 40 Pro<\/td>RM3,698<\/td>RM2,500<\/td>\n<\/tr>\n
iPad Air (2020)<\/td>RM2,599<\/td>RM2,300<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n*Based on prices from Carousell, Harvey Norman, Apple<\/i><\/span>\n<\/p>\n

<\/span>2. <\/strong>Clothing and accessories <\/strong><\/span><\/h2>\n

Whether you\u2019re big on fashion, or simply need to replace an aging pair of jeans with tears and rips at compromising positions, buying second-hand clothes can save you a substantial amount when you need to update your wardrobe.<\/p>\n

Additionally, if you\u2019re a parent, you\u2019ll know that kids outgrow their clothes at a truly terrifying speed. On the upside, this means that you\u2019re likely to pick up second-hand infant or children clothing that is hardly used, at a fraction of the cost of buying new ones.
\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
How much can you potentially save by buying second-hand clothing?*<\/th>\n<\/tr>\n<\/thead>\n
Item<\/td>New<\/td>Second-hand<\/td>\n<\/tr>\n
Fossil Sydney satchel bag<\/td>RM515<\/td>RM250<\/td>\n<\/tr>\n
Dr. Martens boots<\/td>RM1,299<\/td>RM188<\/td>\n<\/tr>\n
Uniqlo cropped pants<\/td>RM80<\/td>RM30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n*Based on prices from Carousell, Zalora, Uniqlo<\/i><\/span>\n<\/p>\n

<\/span>3. <\/strong>Tools<\/strong><\/span><\/h2>\n

Moving to a new place? If you need to build a basic toolkit, you could consider buying second-hand if you\u2019ll be using these tools infrequently. Good-quality tools can last for years as well, so you could possibly get a lot of mileage from your purchase.<\/p>\n

Simple tools like hammers, screwdrivers and wrenches are easy enough to inspect for flaws \u2013 if their working surfaces are in fair condition, then they\u2019re probably good to go. However, power tools are harder to inspect for flaws. If you\u2019re thinking of buying a used one, you should inspect it in person to see if it still runs smoothly.
\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
How much can you potentially save by buying second-hand tools?*<\/th>\n<\/tr>\n<\/thead>\n
Item<\/td>New<\/td>Second-hand<\/td>\n<\/tr>\n
Generic hammer<\/td>RM8<\/td>RM3<\/td>\n<\/tr>\n
Knipex pliers<\/td>RM315<\/td>RM199<\/td>\n<\/tr>\n
Bosch rotary hammer drill<\/td>RM389<\/td>RM280<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n*Based on prices from Carousell, Shopee<\/i><\/span>\n<\/p>\n

<\/span>4. <\/strong>Fitness equipment<\/strong><\/span><\/h2>\n

Depending on your training goals and preferences, the cost of the fitness equipment you\u2019ll need will vary. Large equipment like treadmills or rope machines can punch quite a dent in your wallet, so you may want to consider getting them second-hand. However, these kinds of equipment may also have many moving or electrical parts, making them harder to inspect for excessive wear or safety features when buying second-hand.<\/p>\n

On the other hand, smaller equipment like dumbbells, pull up bars and kettlebells make safer second-hand purchases as signs of wear are obvious. If you\u2019re looking for small weightlifting equipment like dumbbells, you should also consider getting them second-hand if you\u2019ve just started exercising, as you may soon outgrow them.<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
How much can you potentially save by buying second-hand fitness equipment?*<\/th>\n<\/tr>\n<\/thead>\n
Item<\/td>New<\/td>Second-hand<\/td>\n<\/tr>\n
Forest Fitness 10kg Cast Iron Kettlebell<\/td>RM150<\/td>RM50<\/td>\n<\/tr>\n
BPS 50KG Bumper Plate Dumbbell Set<\/td>RM185<\/td>RM150<\/td>\n<\/tr>\n
Lebert Fitness Dip Bar<\/td>RM505<\/td>RM400<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n*Based on prices from Carousell, Shopee<\/i><\/span>\n\n

<\/span>5. <\/strong>Books, comic books, graphic novels, etc.<\/strong><\/span><\/h2>\n

Pre-owned books, comic books, graphic novels and other printed media offer the same content and reading experience as new ones; so, if you need to cut costs on spending, second-hand is the way to go (just be aware that popular comic books and graphic novels can end up being more expensive than newer reprints!).<\/p>\n

While you may need to put up with certain inconveniences \u2013 such as dog-eared pages, creased spines or suspicious stains \u2013 you should be able to easily filter out less-than-perfect copies by physically flipping through them. Used-book sites typically also have a \u2018condition\u2019 rating, so you\u2019ll know what you\u2019re in for before you buy a book.<\/p>\n

You can get second-hand books from as low as a few ringgit from Carousell or sites like Books n Bobs<\/a>.<\/p>\n

Of course, if you can spare the extra cash, buy a new book once in a while \u2013 you\u2019d be supporting the writer behind it.<\/p>\n

<\/span>6. <\/strong>CDs, DVDs, Blu-ray Discs, etc.<\/strong><\/span><\/h2>\n

Even with the plethora of streaming services available, some people just like collecting physical media. If that sounds like you, then you\u2019ll know that growing your collection of movies, music or video games can be an expensive pastime. Luckily, second-hand CDs and DVDs and Blu-rays can be found for as little as a couple of ringgit on Carousell.<\/p>\n

<\/span>7. <\/strong>Musical instruments<\/strong><\/span><\/h2>\n

It\u2019s not uncommon to plonk a lot of money into a new hobby before abandoning it soon after. So, if you\u2019re looking to pick up a new instrument, buying second-hand may mean that you\u2019ll have plenty of options when it comes to hardly used instruments. It\u2019s also a more cost-effective way of testing the waters yourself before seriously committing to the craft.<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
How much can you potentially save by buying second-hand musical instruments?*<\/th>\n<\/tr>\n<\/thead>\n
Item<\/td>New<\/td>Second-hand<\/td>\n<\/tr>\n
Taylor Academy 10 Dreadnought Acoustic Guitar<\/td>RM1,920<\/td>RM1,700<\/td>\n<\/tr>\n
Alesis CompactKit - Portable Tabletop Electronic Drum Kit<\/td>RM400<\/td>RM280<\/td>\n<\/tr>\n
Yamaha PSR-E363 61-Keys Portable Keyboard<\/td>RM1,165<\/td>RM899<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n*Based on prices from Carousell, Shopee, Swee Lee<\/i><\/span>\n\n

<\/span>8. <\/strong>Furniture<\/strong><\/span><\/h2>\n

Replacing aging furniture or furnishing a new home can cost thousands of dollars, so going the second-hand route can potentially save you a fortune. Avoid items like mattresses or bedding, as these are hard to completely sanitise. Go for hard-surfaced furniture instead, but if possible, inspect them in person to ensure that they\u2019re in working condition.<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
How much can you potentially save by buying second-hand furniture?*<\/th>\n<\/tr>\n<\/thead>\n
Item<\/td>New<\/td>Second-hand<\/td>\n<\/tr>\n
Ikea PO\u00c4NG armchair<\/td>RM299<\/td>RM200<\/td>\n<\/tr>\n
Ikea LACK coffee table<\/td>RM99<\/td>RM50<\/td>\n<\/tr>\n
Ikea TOFTBYN mirror<\/td>RM279<\/td>RM200<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n*Based on prices from Carousell, Ikea<\/i><\/span>\n\n

Buy what you need<\/strong><\/h1>\n

Buying used items can potentially save you lots of money over time. However, while buying second-hand is a good way to save on necessities and the occasional luxury, try not to let the reduced prices tempt you into buying stuff you don\u2019t need. After all, splurging beyond your budget could defeat the point of buying second-hand in the first place. Alternatively, if you\u2019re not sold on buying second-hand, consider saving money on your purchases through vouchers<\/a> or cashback credit cards<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Is buying second-hand worth it?<\/p>\n","protected":false},"author":43,"featured_media":50562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[256],"tags":[584,624,896,860],"class_list":["post-50557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-carousell","tag-online-shopping","tag-second-hand","tag-shopping"],"acf":[],"yoast_head":"\nHow Much Can You Save By Buying Second-Hand?<\/title>\n<meta name=\"description\" content=\"Buying second-hand is better for the environment and your wallet. 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