Buying second hand is growing in popularity, and over two thirds of consumer who buy used goods enjoy the thrill of finding quality items at bargain prices. An increasing number of shoppers are also actively trying to be more environmentally friendly. Whether they are saving money on a quality used car, cutting down waste in the fashion industry, or reducing the carbon footprint of white goods, buying second hand is good for the wallet and the environment.
Minimize Depreciation of Car Values
Over five years, a new car loses almost 50% of its value, making depreciation the largest cost associated with owning a car. For many buyers, price is one of the most important criteria when researching the different features of a car. By taking the time to research used cars, motorists can make significant savings in the long-term without compromising on quality. In addition, by purchasing a second hand car, buyers can reduce the considerable environmental impact and financial costs created by sourcing materials, manufacturing and shipping involved in the production of new vehicles.
Keep Clothes Out of Landfill
In just one year, Americans have thrown 21 billion pounds of clothing and textiles into landfill. The cheap clothes produced by the fast fashion industry are often made out of non-biodegradable synthetic materials, which end up polluting the environment. As more people strive for a greener lifestyle, buying second hand items of clothing not only saves them money but also slows the need for fast fashion and encourages clothing manufacturers to reduce waste and produce more durable items.
Reduce the Carbon Footprint of Electronics
One in 20 UK consumers choose to buy used electronics rather than new items in order to reduce their carbon footprint. As well as being more environmentally friendly, the most obvious benefit of purchasing used electric goods such as washing machines and TVs is saving money. In many cases, it’s possible to buy better quality products and otherwise expensive brand names for a much more affordable price. Buying from a reputable retailer lowers the risk of buying faulty goods, and many refurbished items will come with a year’s warranty, guaranteeing consumers the option of replacement or refund if needed.