Don't Pay Full Price For These Purchases

Quality and convenience are significant factors when making a new purchase. Often, that means buying new to save time and ensure you’re getting an excellent product. However, the pricing of some items dips at specific times of the year, which makes timing a crucial factor when buying new. Plus, you can frequently rent items or get them used, thanks to services from numerous apps and websites.

With volatility and changes in our economy, paying full price in specific instances can set you back more than it should. Here are some purchases that you can skip paying full price on and save money.

Formal attire

As sharp as a tux or bridesmaid dress might be, the reality is you’ll probably never wear it again after the event. Renting is your best bet for getting around the high costs of special-event attire. Companies like Bag Borrow or Steal and Rent the Runway can help your wallet while still looking great.

Textbooks

College textbooks can burden students already strapped from tuition and living expenses. Renting and buying used textbooks from websites like eBay or Chegg can cut costs significantly. You might also be able to share books with a fellow student or download them for a reduced price. Additionally, professors sometimes provide free PDFs and paper copies of materials, eliminating the need to buy books.

Vacations

When planning a vacation, travel and lodging costs can hinder how much you can afford for the fun stuff: excursions, meals, and experiences. Booking websites like AAA.com can mitigate these costs by bundling the best airfare, car rental, and hotel rates. Additionally, you’ll likely get better deals if you plan well in advance. Other apps can monitor price fluctuations and notify you when it’s the best time to book.

Cars

Driving off the lot in a new ride is enticing, but the second you do, your car’s value decreases by about 20%. It’s recommended to skip the high prices and buy used. A well-maintained car from the original owner can run as reliably as a new one. With a little bargaining, you can get a car that has been taken care of at a great price.

If you’re committed to buying new, try holding off until September. Fall is when new models roll out, and dealerships want to rid themselves of older cars. Don’t forget to haggle! The sticker price is always inflated, so negotiate for a better deal, especially in today’s economic climate where inflation has driven up prices.

Furniture

Like new vehicles, furniture prices can be steep. Instead of blowing your budget on a new dining room table, find used furniture on Craigslist or Facebook Marketplace. You can also explore flea markets using websites like FleaPortal. Friends and family who are downsizing or upgrading might also have furniture to give away or sell.

If buying new is your preference, try purchasing during holiday sales, such as Memorial Day, July 4, or Labor Day. Retailers often offer the best deals during these times to move inventory, sometimes including promotional financing.

Mattresses

Mattresses often receive discounts along with furniture, so keep an eye out in late spring and summer for sales. It’s also wise to shop around and compare prices among different dealers. If you’re considering a specific mattress in a store, you can often check competitors’ prices online to ensure you’re getting the best deal.

Luggage

Buying used can lower prices on top luggage brands, but inspecting used items can make it hard to spot damage or defects. For suitcases and carry-ons, prioritizing function over form helps you get sturdy luggage. New luggage is typically more reliable, and the best deals are often found in March, when new models are introduced.

Entertainment

Whether you’re into the latest action movies or off-Broadway shows, tickets can be expensive. Websites like SeatGeek and StubHub provide information on when ticket prices dip to their lowest.

Appliances

Appliances take up a lot of showroom space, so stores often discount older models every fall when new ones arrive. This timing allows you to score a great deal while helping retailers clear their inventory.

Lawnmowers

Lawnmowers also require significant storage space. Every September, as grass-cutting season winds down, you can find the best discounts from stores eager to stock goods for the cooler months.