Used Computers Are a Good Buy

Computers and cars are prime examples of quick depreciation. The moment you purchase either of these products and leave the showroom, they have depreciated considerably. This has nothing to do with being cheated but all to do with the nature of the product. Once owned, the value is drastically reduced.

Computers, in particular, tend to lose their value very quickly over time. This can hurt your finances quite a bit, especially if you had decided to purchase the top-end configuration that was available at that time. Computers such as these cost a lot more because they feature hardware that is not yet available en masse in the market. Therefore, you end up paying a premium. This is justified if you are a power user who is constantly at the computer using up every little bit of performance it has to offer. However, if you do not fit into that category and just want to use your computer on and off for email, surfing, playing a game or two, etc then a top-end purchase is a bad idea because you are wasting your money.

A better alternative is to purchase a used computer. Using the theory of depreciation mentioned above, it is very likely to be able to purchase a computer with a decent configuration for a very low price. For example, a Desktop computer with a P4 processor can go for as cheaply as $90. At that rate, you can get one, use it as you wish, and not bother about taking care of it as if it does go bust at some point, you can easily replace it with another. This type of purchase saves you a lot of money and makes a lot of sense with the recession affecting the economy.