The bad economy has been good for one industry... secondhand stores. The Association of Resale Professionals says secondhand sales are increasing 35% a year, at a time when regular retailers are only seeing gains of about 2%.
Good Morning America has a list of things you should always buy used to save money. I'm sure not everyone will agree that all the items are "buy used" only. But what this boom in secondhand sales means for you is better inventory and bigger bargains. And no one can argue with that. The list includes:
- Exercise equipment. Just think of all those broken New Year's resolutions and barely used dumbbells and machines stuffed in attics and garages. GMA says typical bargains are 50% to 75% off buying used.
- Jewelry. After all, diamonds, gold and silver don't wear out. Experts say just make sure you're buying from a reputable seller and have the jewelry appraised before buying.
- Think twice before buying brand new musical instruments. The expense is hard to swallow, especially if you or your kids are beginners and not sure you're going to stick with playing them.
- And buying used maternity clothes really make sense because women only wear them for a few months.
Like I said, you may not feel entirely comfortable about buying secondhand on some of these things, like that last one, maternity clothes. But if you're looking to save a lot more than just a few bucks, buying used to definitely the way to go.
What other things are better bought used than new? Check out the Good Morning America's story here.