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July 27, 2012

Is there anything you wouldn't buy used?

Most people understand that buying a new car is generally a poor financial decision. Buying used almost always provides more savings over the long term.

Sometimes though, you end up paying more in repairs and replacements, not to mention foregoing that 'new car' smell.

But there's a limit somewhere. You're not, for instance, going to buy secondhand cribs or bicycle helmet. 

Or would you? It seems that there's a growing number of folks who try to buy everything used. Or if not everything, then at least as much as possible. But where do you draw the line?

Here's a list of several items that you may want to think twice about, including mattresses, bedding and casr seats.

At the same time, here's the list of what you should definitely consider buying secondhand, including houses, clothes and dishware.

Do you buy used goods? Often? Seldom? Is there anything you wouldn't at least try to buy secondhand?

By Gordon Powers, MSN Money

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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...