21 Things You Should Never Buy New

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Timeshares need to be looked up as a purchase and not an investment. Regardless of how timeshares are presented, they don´t perform as well as a house or stock investment. If you look around the resale market for timeshares on websites like EBay, Redweek, or TUGBBS will find that you can buy a timeshare for far less money than what the first owner purchased it for.

Angie of PA 12:34PM February 19, 2013

Agree with EVERYTHING BUT.. The used car! You NEED to buy a new car to avoid a lemon.I should know I was nearly 30 before I got my first new car,best investment I have ever bought imho,knock on wood.I am 30 right now lol

yourmamazbaby of NC 7:42PM August 12, 2012

Balancing is important. I don't like used cars however. Occasionally for second cars, and certainly for our kids, used cars were/are fine, but I prefer my quality of life in this particular area not be used.

RJ of PA 1:45PM June 19, 2012

Excellent way to buy and save money.

Don Jordan of OR 9:26PM December 21, 2011

Incredibly well executed blog...

healthy foods to eat of AL 8:37AM October 28, 2011

Great article.....Oak

Pat of FL 11:25PM October 24, 2011

I am a mother of two girls, a four year old and an eight month old. I have discovered that hand me downs and garage sales are wonderful! They not only save you tons of money, but it can be an educational experience as well. My oldest daughter and I look online, go to cosignment shops, and garage sales a couple times a season. We challange each other and set limits for spending. Children grow so fast, and many clothes are barely used, if at all, that it is a shame to just throw them out. If you don't have anyone in your close circle to give hand me downs to, look around your community or donate them to a resale shop. It is great for your karma and other people's wallets!!

melissa of TX 1:47PM April 05, 2011

i think you misunderstood the article. It is about not buying New cars and @mg of ny that can happen with a brand new car. I have taken the advice of succesful people i respect that know how to build wealth and they tell me there are two rules in acquiring a vehicle never lease or buy. You should always buy a used one. of course research the vehicle first and buy from a reputable dealer and i always get the extended warranty. Im not afraid to negotiate both and i get what i can afford. The formula has served me well. Good luck.

scott in drum of PA 12:58PM March 11, 2011

I disagree with the comment to Never buy used cars. I have always bought used cars but I make sure they are "certified" used cars, which in many cases, gives you a warranty. I have had my latest used car for 10 years, not only because I love it, but because it has saved me so much money. I also purchased a 5 year extended warranty that covers major items, like the transmission, air conditioner, radiator, etc.. I've used it several times and it paid 100% of the cost. The warranty was $1800, however, that is much less than buying another car and making payments or spending the money on the repairs. I guess it is wise to buy from a reputable dealer also.

Linda Schaefer of OH 1:17PM February 23, 2011

However selfish this may sound, never borrow tools or shop manuals to anyone other than close family members. You will soon have no tools or important records. Since mechanics, machinist, carpenter, plumber, tools etc. are very expensive everybody will assume that you are rich, when you went without out to buy them. Since no good deed goes unpunished, you will be known far and wide and just like winning the lottery, you will be taken advantage of, and hated when you finally say (no) to all. Most will have a massive bank account. Most of all, have the meanest guard dog in the universe in your shop. It takes nothing to have a half millon or more dollars in tools which you were required to purchase for your job, because any smart boss will know that you wiil take care of your own tools. I know from experience the hard way. Listen well, a good samaritin is almost always a starving samaritin, and the tool borrowers will move on to another one.

Wesley J Butts of IA 4:11AM January 11, 2011