I’ve only bought secondhand clothes or electronics, and I’m finding it to be a better deal than I had originally expected.
I mean, I knew all of the reasons why I love secondhand clothes, but it wasn’t until I started spending my money and seeing the results, that I realized how awesome it really is.
SOMEONE ELSE ALREADY PAID THE BULK OF THE RETAIL PRICE FOR YOU
As someone who has sold a lot of clothes (50% – 75%) of my wardrobe, the sunk cost in my clothes that I have never recovered has to definitely be into the thousands of dollars.
As someone who is now buying a lot of secondhand clothes, I’m starting to see that buying something like a $5 sweater that someone originally paid $100 – $150 for, is a deal that just can’t be beat.
YOU CAN BUY NICER THINGS FOR THE SAME PRICE AS SOMETHING CHEAPER AT RETAIL
Ever been to a slightly mid-priced mainstream store like Jacob, Le Chateau, Smart Set or Dynamite?
Their clothes are fairly cheap for the design and quality, but I was recently in the store the other day and saw a Perfecto-style jacket in a tweed at Jacob:
Originally priced at $129.99, marked down to $59.99.
It’s a nice jacket, I even considered buying the XS at $59.99 plus 13% tax, until I realized 3 things:
- I already have a light grey jacket and a tweed grey one
- I already own at least 3 Perfecto-style jackets now
- $60 is a lot of money for something that to me, is now worth about $30 as resale value
How did I get to the $30 value?
Because I found a similar Perfecto jacket in a cotton style for $30 on consignment from Silence & Noise (Anthropologie/Urban Outfitters brand which is more expensive than Jacob):
I have plenty of other examples:
- Stuart Weitzman boots for $150, when they originally retail for $495!
- Hermes cashmere and silk wrap for $200, when they retail for $2000!
- Manolo Blahnik heels for $60 when they retail at $600!
You can certainly buy really nice items at retail for $150 – $200, but it wouldn’t be of the same quality and cut of (SOME) designer pieces on consignment.
Not all designer pieces are great.
I think some silk shirts I’ve felt with a $400 price tag feel cheaper than a $25 shirt from Uniqlo or H&M, but this is the same for any price point — cheap, mid-priced, expensive, or outrageous.
The point is that you have a better chance of finding higher quality items for the same price-point as a mid-priced item, if you just buy it used.