Updated: 9/8/2010 9:00 AM ET|
10 things you should never buy used
Sometimes the financial or safety risk outweighs the savings. Do you really want to sleep on someone else's mattress -- or take a chance with your child?
Saving money by surfing the Internet for bargains is delightful, but you can take it too far.
In my companion piece, "10 things you shouldn't buy new," I listed lingerie as one of the items for which you'd best pay retail. There are plenty of other examples where the cost savings don't justify the risks of buying used:
You're taking a chance when you buy any used computer, but the math really doesn't work when you're talking about a unit that's as prone to abuse and problems as a laptop. They're more likely to be dropped, banged around and spilled on, simply because they're out in the world while a desktop computer sits (mostly) safe at home.
That's why laptops are one of the few products where springing for an extended warranty with free tech support makes sense, in addition to the standard warranty that typically comes when you buy new. Buy used, and you'll have neither option -- along with no idea what maltreatment your laptop has suffered or when the hard drive, optical drive or other important parts will die on you.
Exception: You're buying a refurbished unit that comes with a warranty. Mobile technology consultant Catherine Roseberry, who writes a column for About.com, said she's purchased two laptops from companies that refurbished leased corporate computers, and had no problems with either. Both came with 90-day warranties. If you want even more security, buy a laptop that's been refurbished and certified by the manufacturer.
A car seat that's been in one accident may not protect your child in another. And damaged car seats aren't uncommon; a survey commissioned by Sainsbury's Bank in England discovered one in 10 car seats in use in that country had been involved in an accident.
Brand-new car seats can often be purchased for as little as $50, and safety technology tends to improve with each year, said Denise and Alan Fields, parents and authors of "Baby Bargains." That makes getting a new one pretty much a no-brainer.
Exception: You're getting the car seat from a friend or relative whom you'd trust with your child's life, because that's what you're doing. Still, check with the National Highway Traffic Safety Administration to make sure the model you're getting hasn't been recalled.
Regardless of whether you buy new or used, have an expert check your work to make sure the seat is installed correctly. The NHTSA has a list of free inspection sites at its website.
Plasma and high-definition TVs
Here's another of those rare cases where you want not only the warranty that comes with the television, but an extended warranty. You'll want the coverage because if your screen dies, it can cost hundreds or thousands to fix or replace -- sometimes almost as much as it would cost to buy a new TV.
While defect rates have declined from 7% in digital TV's early years to about 1% with some of the better models, problems with this technology are still common enough -- and repairs expensive enough -- that an extended warranty makes sense, said Phil Connor of PlasmaTVBuyingGuide.com.
Exception: If you're getting such a screaming deal that you don't really care if the TV blinks out shortly after you get it home.
In the previous article, I recommended buying used DVDs, since their quality tends to remain high (unless they have scratches, which are usually pretty easy to spot).
The same is not true of DVD players, however. These have lasers that will eventually wear out and cost more to replace than the unit is worth.
Whenever repairs cost that much, buying new is often advisable. Add to that the fact that prices are constantly dropping while the technology is constantly improving, and buying new becomes a slam dunk.
Here's another item that's particularly prone to abuse and that may cost you more to fix than if you'd simply bought new. Consumer Reports says a good, basic upright can be purchased new for less than $100, and that the fancy features that push prices higher often aren't worth the extra cost. Just make sure to buy one that you're comfortable pushing and that has a decent filtration system to prevent dust from kicking back out into the air.
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Joe Cantrell says he faces charges after trying to take advantage of the retailer's policy.