9 Reasons to Buy Used Electronics

Gadgets, mobile devices and electronics in general can be both useful and fun to have. However, new tech also tends to come with a very hefty price tag. Many people may be left in the dust by their friends and co-workers who have all the latest digital toys. However, there is one solution. It’s to buy used electronics. Below are nine reasons why it’s a good idea.

1. It Saves Money

Buying used is always cheaper. This is especially the case for electronics. Depending on the device in question, the discount could be as high as 70 to 80 percent. You could save hundreds or even thousands of dollars.

2. New Electronics Aren’t “New” for Long

According to CNN Money, smart phones on average tend to only be manufactured for less than 10 months. In less than a year, many digital devices will already be outdated. So why invest in a new device when you can buy used?

3. Used Doesn’t Mean Defective

Some people may worry that used electronics won’t work at all. This is certainly not the case. Most retailers that sell used electronics test them to make sure they are in working order before selling them to customers.

4. Used Electronics Can Still Be Sold

Even if you tire of a used device, you will still be able to recoup some of your investment by selling it again. According to a report by ABC News, even broken phones and electronics can be sold since the components inside can be quite valuable on their own.

5. You Can Buy Refurbished

A subsection of used electronics is known as refurbished electronics. What this means is that the electronic device in question was returned to the manufacturer and then thoroughly tested for functionality before being put back on the market at a deeply discounted rate.

6. It Helps the Environment

Buying used electronics is a form of recycling. It limits waste by lowering the demand for new electronics to be manufactured. If more used electronics were purchased by consumers, it would probably help curb pollution and industrial waste.

7. It Helps Small Business

Many of the businesses that sell used electronics are not large national chains. Instead, they tend to be small businesses. Many used electronic dealers are in fact privately owned local stores.

8. You Won’t Be Paying for Depreciation

Like automobiles, new electronics depreciate in value very quickly. While it may have been worth the amount you paid for it before opening the box, immediately afterwards, some of that value will be gone.

9. You Won’t Regret the Purchase as Much

Even when buying something new, many consumers have regrets. If a computer, phone, TV, game console, etc. isn’t as good as advertised, they will feel cheated out of a lot of money. Buying used removes some of this risk. Since a lot less money is being paid to own the item in question, the buyer will feel better about having decided to buy that device used for much less than full price.

Written By Ryan Cooper