Used good

Secondhand goods can benefit the purchaser as the price paid is lower than that of the same items bought new. If the reduction in price more than compensates for the possibly shorter remaining lifetime, lack of warranty, and so on, there is a net benefit.

Selling unwanted goods secondhand instead of discarding them obviously benefits the seller.

Recycling goods through the secondhand market reduces use of resources in manufacturing new goods, and diminishes waste which must be disposed of, both of which are significant environmental benefits. However, manufacturers who profit from sales of new goods lose corresponding sales. Scientific research shows that buying used goods reduces carbon footprint and CO2 emissions significantly compared to the complete product life cycle, because of less production, raw material sourcing and logistics.[1] Often the relative carbon footprint of production, raw material sourcing and the supply chain is unknown.[2] A scientific methodology has been made to analyze how much CO2 emissions are reduced when buying used goods like secondhand hardware versus new hardware.[3]

Quality secondhand goods can be more durable than equivalent new goods.[4]

Secondhand goods may have faults which are not apparent even if examined; purchasing sight unseen, for example, from an Internet auction site, has further unknowns. Goods may cause problems beyond their value; for example, furniture may have not easily seen bedbugs,[5] which may cause an infestation which is difficult and expensive to eradicate. Faulty electrical and mechanical goods can be hazardous and dangerous. This is especially a big issue if sold to countries that do not have recycling facilities for these devices, which has led to an issue with electronic waste.

Many items that are considered obsolete and worthless in developed countries, such as decade-old hand tools and clothes, are useful and valuable in impoverished communities in the country or in developing countries. Underdeveloped countries like Zambia are extremely welcoming to donated secondhand clothing. At a time when the country's economy was in severe decline, the used goods provided jobs by keeping "many others busy with repairs and alterations".[6] It has created a type of spin-off economy at a time when many Zambians were out of work. The used garments and materials that were donated to the country also allowed for the production of "a wide range of fabrics" whose imports had been previously restricted.[6] The trade is essentially executed by women who operate their small business based on local associations and networks. Not only does this provide self-employment, but it also increases household income and enhances the economy.[6] But while many countries would be welcoming of secondhand goods, it is also true that there are countries in need who refuse donated items. Countries like Poland, Philippines and Pakistan have been known to reject secondhand items for "fear of venereal disease and risk to personal hygiene".[6] Similar to these countries, India also refuses the import of secondhand clothing but will accept the import of wool fibers, including mutilated hosiery which is a term meaning "woollen garments shredded by machine in the West prior to export".[6] Through the production of shoddy (recycled wool), most of which is produced in Northern India today, unused clothing can be recycled into fibres that are spun into yarn for reuse in 'new' used goods.[6]

United States taxpayers can deduct donations of used goods to charitable organizations. Both Goodwill Industries and the Salvation Army websites have lists of items with their estimated range of values. Another way that people transfer used goods is by giving them to friends or relatives. When a person gives an item of some value that they have used to someone else, such as a used car or a winter coat, it is sometimes referred to as a "hand-me-down".

Online auction sites have become a popular way to sell used goods in recent years.

Used items can often be found for sale in thrift stores and pawnshops, auctions, garage sales, and in more recent times online auctions. Some stores sell both new and used goods (e.g. car dealerships), while others only sell new goods but may take used items in exchange for credit toward the purchase of newer goods. For example, some musical instrument stores and high-end audio stores only sell new gear, but they will accept good quality used items as trade ins towards the purchase of new items; after the store purchases the used items, they then sell them using online auctions or other services.

When an item is no longer of use to a person they may sell or pawn it, especially when they are in need of money. Items can also be sold (or taken away free of cost) as scrap (e.g. a broken-down old car will be towed away for free for its scrap metal value). Owners may sell the good themselves or to a dealer who then sells it on for a profit. They may also choose to give it away to another person this is often referred to as freecycling. However, because the process takes some effort on part of the owner they may simply keep possession of it or dump it at a landfill instead of going to the trouble of selling it. It has been common to buy secondhand or used good on markets or bazaars for long time. When the web became popular, it became common with websites such as eBay and Yahoo! Classifieds.

As dumped used goods take up space in landfills, some may purchase them for environmental motivations.

The strategy of buying used items is employed by some to save money, as they are typically worth less than the equivalent new items. Purchasing used items for reuse prevents them from becoming waste and saves costly production of equivalent new goods. Motivations for purchase include conserving natural resources and protecting the environment, and may form part of a simple living plan.

Look up goods, secondhand, or used in Wiktionary, the free dictionary.

• Atomic Ed and the Black Hole, a documentary film about a unique secondhand shop
• Auto auction
• Car boot sale
• Flea market
• Freeganism
• Regifting
• Recommerce
• Rebag
• Regiving
• Reseller
• Secondary market
• The RealReal
• Fashionphile
• The Market for Lemons, a book discussing a phenomenon that may make it difficult to maintain quality in markets for certain used goods, such as computers and cars