EC is the place to be. Best time would be peak hours when there are 120+ people in the zone. I just started playing and found great deals on weapons. Ancient Snake Fang (11/30 piercer) for my rogue for 30pp. Sharkbone Warhammer (+5wis hammer) for my cleric for around 30pp as well.
People will also give you random stuff for free when they see you're a lowbie LF affordable gear. Bonus is you and your friend can level up to lvl 10ish while shopping. Orc camps are really good exp around lvl 6-8 if you can find a group.
Also check out Pentacle Magick's thread, he's a great dude who hooks up new players with plat & items.
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