Why secondhand products?

[SOKO-DEKE]

People in different places usually choose secondhand products instead of new ones. Tailoring it down to vehicle, between secondhand vehicles and new vehicles which one is mostly purchased yearly? Saving some money upfront can be a reason but aside that, what is the actually reason or financial logic, depreciation math or what?

When you see someone going for second-hand products, just know that the person may not be financially okay, because I see no reason to buy a second-hand product when there is a new one available.If you are asked to choose between second hand vehicles and new vehicles, which one do you think is purchased more? I would say new vehicles, because they are new and will eventually become secondhand vehicles before second-hand buyers purchase them.

What you may be thinking is that a lot of people are purchasing secondhand vehicles, and that may be true, particularly in your location. However, in developing countries, second-hand vehicles are often in high demand. So, let us understand that one of the major reasons why people end up buying secondhand products is that they cannot afford new ones

[Zaka1221]

The Data we get from local news, used vehicles are now rising soaring high, it can be said the majority of people prefer used cars rather than new ones, the reasons may be various, one of which is the low price with the quality of the car is still good.

Saving money can be a strong reason, we also see many showrooms that sell used cars to survive even though we know that new manufacturer cars continue to appear with good technology, actually this depends on the need whether you want a new one or a used one is more sufficient.

I don't think that the rising demand means that it is a better option compared to the new ones. People mostly choose these because of their lower prices but they also need a lot of maintenance there are hidden mechanical problems and there is also the possibility of expensive repairs. Sometimes money that people say they spend while buying used car is spent on fixing it. If someone buys new car, it comes with guarantee, has safety features and has better technology.
A used car can be a good option for very limited period of time. It is good for someone who has limited budget but that is not an economical option in the longer run. The better decision is totally dependent on the condition of car, its maintenance history and how the buyer is planning to keep it and for how long he wishes to have it.

[Agbamoni]

Take the iPhone 17 PM for example. A brand-new one costs $1,190, while one advertised as "99% likenew" goes for $1,100. I don't see any reason to go for the used one in this case. That's way too much to pay for a used phone given the risks.

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People buying used iPhones often focus on how much they can save upfront and forget about the repair costs that might come later.

A battery replacement can set you back $100, a screen around $350, and the rear camera around $249 ...And with a phone that's over a year old and out of warranty, something can go wrong any time. Just one major repair bill could wipe out most of what you saved by buying used.

Buying second hand  might be cheaper upfront, but that does not mean you will save money in the long run. But a lot of people just don't get this.

It would be better if, after fixing the phone, that cost would make the iPhone be good as new in a way. Most of them don't understand that an iPhone that has been fixed before having lose his value of lasting longer.

One fix will bring about other things that will spoil sooner, and they will keep on spending more on fixing those things. Summing the total amount spent on fixing the iPhone is equivalent to an amount capable of purchasing a new one.