4 Things That Are Cheaper To Keep Than To Sell
Written by
Cindy Lamothe
Edited by
Amen Oyiboke
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Selling stuff can feel satisfying — less clutter, quick cash, a fresh start. But sometimes, getting rid of something ends up costing you more in the long run. According to CNBC,the ongoing pressure from inflation has a lot of people looking for ways to save money.
And yet, not everything is worth offloading. That old blender collecting dust? You might actually need it next month. The barely-used stroller? Selling it now means paying triple if you ever need one again.
In a world that tells us to minimize, downsize, and declutter, it’s easy to assume that letting go is always the smart move.
But the truth is, some things are cheaper — and more practical — to keep around, even if they’re not in use every day. Before you post your next “lightly used” item online, here are the things you should keep rather than sell. You might just save yourself money (and regret) down the road.
Cars Worth Less Than $1,000
Selling a car with little trade-in credit may lead to a cascade of transaction costs, including detailing, listing fees on marketplaces, minor repairs to pass inspection, and the time investment.
“If your lender balance is low and your maintenance costs are manageable, you may not want to spend a few hundred bucks just to shave a few hundred off your loan,” said Dennis Shirshikov, professor of finance at CUNY and head of growth and engineering at GrowthLimit.
Old Appliances
Appliances like refrigerators or washers frequently come with heavy depreciation and logistical fees, delivery, disassembly, hauling away of old units, and sales commissions on secondhand websites.
As Shirshikov wisely noted, if the machine still works fine, running it a few more years can be less expensive than the sum of the costs to list it, the labor of selling, and the disposal fee, if there is one.
Old Electronics
Shirshikov equally observed that old smartphones, laptops, and gaming consoles often need data‐wiping services, shipping inside protective packaging, and platform commissions that cut into the proceeds from the resale.
Instead of eating a $20-$50 post-fee loss, some people reuse them as media players, backup routers, or smart-home hubs, thereby extending their utility without incurring any further expense.
Designer Clothing
When you consider the consignment fee, often 30-40%, shipping, dry-cleaning prep, and the small percentage of deals that happen at full market price, high-end clothing can go for a selling discount.
“If you wear these items sparingly or can trade in a clothes-swap group, you avoid the 40% commission while getting the worth of the garment,” said Shirshikov.
More From GOBankingRates
