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Is buying second hand false economy?
helencal80
Posts: 79 Forumite
Hi all,
Sorry if this is in the wrong place, if it is hopefully someone will move it for me.
I currently have a washing machine on HP. I will be using student finance money to buy a new one in January and therefore drop a weekly payment.
My question is this:
When buying electrical goods, is buying new a waste of money? Or is buying second hand a false economy?
With a brand new machine I would get a year's warranty, with second hand I may get no warranty at all or a much shorter warranty. Second hand may be more likely to break down than new, but who knows!
I would be grateful of any advice, before I spend my hard 'applied for' cash! Thank you.
Sorry if this is in the wrong place, if it is hopefully someone will move it for me.
I currently have a washing machine on HP. I will be using student finance money to buy a new one in January and therefore drop a weekly payment.
My question is this:
When buying electrical goods, is buying new a waste of money? Or is buying second hand a false economy?
With a brand new machine I would get a year's warranty, with second hand I may get no warranty at all or a much shorter warranty. Second hand may be more likely to break down than new, but who knows!
I would be grateful of any advice, before I spend my hard 'applied for' cash! Thank you.
LBM Dec 2013 ~ DFD Sept 2016! Paid 45/19588 = 0.22% Crazy Clothes Challenge: 0/300 Sealed Pot Challenge 7: #207 £365 in 365 days - 2014: #35 8/365 Drop 26lbs in 26 weeks: 0/26 Janus Illusion #20: Food 83/340 SFD 2/20 FB 0/5 Choc 0/0 20p savers #22: x9 50p savers #22: x3 £2 savers #49 Grocery Challenge: JAN 83/340
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Comments
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We bought our washing machine second hand for £150 nearly six years ago. Thought it had died twice but it recovered. We have definitely had our money's worth.
Car is probably third or fourth hand.
That said, we do buy some things new - fridge, dishwasher. We set a budget of what we can afford then buy the best we can for the money. If you are a bit patient there are some very good deals. Can't think of anything that we have bought new that we have paid full price for, but you have to have the money to act fast.
Buying new is a pleasure as we had so little new for years and years.:heartsmil When you find people who not only tolerate your quirks but celebrate them with glad cries of "Me too!" be sure to cherish them. Because these weirdos are your true family.0 -
I don't know if you've heard of freecycle, but it may be possible to get one for free from there. You can join a local group and post a wanted ad there (all for free). We managed to get two second hand but working washing machines. One cost us £8 to get fixed, but then died about a year later. The second one was a professional quality one that didn't work, but would have cost us about £150 to fix (and worth £900 working). We had to move before we had the chance to fix it, but freecycle might be another option for you.
Oh, and in answer to your question, its really the luck of the draw. Sometimes you get a second hand machine and it dies quickly on you, other times it lasts for years. Im not much of a risk taker - and I have NO mechanical skills, so if it were me, I'd see if I could get one for free and then try to save for a new one.Debt as of March 2018, £794 rent arrears £4273.7 debt, £900.70 in pay day loans, total £5968.40 :eek:. Total debt today £5968.40
Rich people stay rich by living like they're poor. Poor people stay poor by living like they're rich.0 -
we bought ours 5 years ago from a guy who sold second hand reconditioned machines with a 6 month gaurantee for £80 and for that he delivered installed and removed the old one,and yes its still working today,many electrical goods will go wrong in the first few months if they are going to do so,thats why extended warranties can be a waste of money0
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Thanks for the advice. I will get freegling, and check but I'm sure there's a place in town that refurbs and sells them. Thank you all.LBM Dec 2013 ~ DFD Sept 2016! Paid 45/19588 = 0.22% Crazy Clothes Challenge: 0/300 Sealed Pot Challenge 7: #207 £365 in 365 days - 2014: #35 8/365 Drop 26lbs in 26 weeks: 0/26 Janus Illusion #20: Food 83/340 SFD 2/20 FB 0/5 Choc 0/0 20p savers #22: x9 50p savers #22: x3 £2 savers #49 Grocery Challenge: JAN 83/3400
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you can also sometimes pick up really good bargains in gumtree,as an example we gave away an almost new dining table and chairs on gumtree this summer,and its local usually0
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I bought a washing machine for £15 off my brothers work colleague in 1999 when I first moved out. Lasted two years when we acquired a new one but think it would have kept going!Squirrelling away in September No 33It's not about the money, it's about financial freedom, being in control of it and living in the natural world and not a material world0
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I also will vote for 2nd hand. I bought a nearly new machine off a friend's brother 12 years ago for £50 and have never needed to have it mended and am still using it (although have probably jinxed it now lol).

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helencal80 wrote: »I currently have a washing machine on HP. I will be using student finance money to buy a new one in January and therefore drop a weekly payment.
Has this machine actually broken? If you are planing to just return it end the payments have you looked into doing this? (could be stupid charges) Have you lookd at just paying the HP off instead of buying a replacement?
The last 5 or so years have seen significant improvements in washers for efficiency - they use less electricity and less water. No point getting rid of a weekly payment just to pay more a week on these as well as the outlay on a new (to you) machine.CHALLENGES MAR'14:
CHALLENGES 2014: £1-a-day#43 £84/£365; £3350k BY MAY £2700/£3350; £1500 BY JULY £0/£1000
EMERGENCY FUND £0/£2500; 2014 MFW #61 £0/£2500; CC £290/£2270
2014 SUMMARY (POAYD 2014 #120 £3074/£12485 24.6%
101 MONTHS... MORT: [STRIKE]£63,000[/STRIKE] £66850 | LOANS: [STRIKE]£26,000[/STRIKE] £0 | CARDS: [STRIKE]£33,000[/STRIKE] £1980
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I bought second hand a year ago for £100, plus £20 delivery. It still had the original stickers on and was quite newish. My last cheap washing machine lasted me over 15 years before I sold it, fully working still, when I moved and didn't want anything in storage. In all that time it never broke once.0
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