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FORUMS Canon Cameras, Lenses & Accessories Canon EF and EF-S Lenses 
Thread started 08 May 2014 (Thursday) 22:07
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Is Canon's high resale value a myth?

 
beegeeboy
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May 09, 2014 13:42 |  #46

hang your cross wrote in post #16892798 (external link)
You need to be a smart shopper. I have never paid full-price for any of my gear. All said and done, I paid about $300 for all my camera equipment that's in my signature. I could not afford to be in this hobby without being a smart shopper.

Lenses will have a higher resell value than other camera equipment due to the fact they don't get upgraded every model year like camera bodies.

If you buy a used lens, you will most likely not lose any money from the purchase.

Please tell me where you shop! :)


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hang ­ your ­ cross
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May 09, 2014 14:12 |  #47

POTN, FM, CL and Best Buy. It took me a few months to be able to get all of it. But, people who have purchased from me got deals and were happy with what I sold them.


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gonzogolf
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May 09, 2014 14:17 |  #48

beegeeboy wrote in post #16893144 (external link)
Please tell me where you shop! :)

Here is a strategy that has worked for me. Select a range of lenses that you would like to acquire. Have ready cash (show discipline so that when an opportunity arrises you can take advantage of it). Watch the craigslist ads for the cities within 100 miles or so of your location. If you check daily and are ready with cash when the time comes you will find lenses on your wishlist and deals can be had.




  
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hang ­ your ­ cross
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May 09, 2014 14:36 |  #49

gonzogolf wrote in post #16893213 (external link)
Here is a strategy that has worked for me. Select a range of lenses that you would like to acquire. Have ready cash (show discipline so that when an opportunity arrises you can take advantage of it). Watch the craigslist ads for the cities within 100 miles or so of your location. If you check daily and are ready with cash when the time comes you will find lenses on your wishlist and deals can be had.

Bingo. Also, post a WTB ad and list your max price you're willing to pay. That's how I got my 24 and 50L. People said I was offering too little, but, people who wanted to sell them contacted me within a day.


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ed ­ rader
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May 09, 2014 15:21 |  #50

pwm2 wrote in post #16892993 (external link)
Let's say you have a company and want to complement your current gear. You think it's easier to buy a new item and send the invoice to their accountant and then get a full tax deduction? Or to buy on fleabay?

I do have a business and I would depreciate either way.


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ed ­ rader
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May 09, 2014 15:23 |  #51

Tom Reichner wrote in post #16893000 (external link)
Yes, but the cost of renting the 85L for 3 months is $487 . . . so what you view as "taking a $300 hit" is actually a great way to rent an L lens for only $100 per month, and save $187.

smart thinking Tom. some people want something for nothing but it generally doesn't work that way


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InfiniteDivide
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May 09, 2014 17:31 |  #52

Sorry for any miscommunication in my post, I don't see buying gear as an investment per-say.
I see the money as a cost to attain the photos. (my personal return)

I count only the price I paid - the price I sold it for - shipping fees. (not a large loss if any)
As others have stated it is MUCH cheaper than renting for 3-6 months.

I see a few thousand dollars in camera gear as a lot safer place to have my money than in a stock market fund. :D


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ed ­ rader
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May 09, 2014 17:35 |  #53

InfiniteDivide wrote in post #16893687 (external link)
Sorry for any miscommunication in my post, I don't see buying gear as an investment per-say.
I see the money as a cost to attain the photos. (my personal return)

I count only the price I paid - the price I sold it for - shipping fees. (not a large loss if any)
As others have stated it is MUCH cheaper than renting for 3-6 months.

I see a few thousand dollars in camera gear as a lot safer place to have my money than in a stock market fund. :D

I see it as a much better "investment" than, say, a boat, horse or kid :D


http://instagram.com/e​draderphotography/ (external link)
5D4, 80d, 16-35L F4 IS, 24-70L II, 70-200L F4 IS II, 100-400L II, sigma 15 FE, sigma 14 f1.8 art, tc 1.4 III, 430exII, gitzo 3542L + markins Q20, gitzo GT 1545T + markins Q3T, gitzo GM4562

  
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Nick3434
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May 09, 2014 17:36 |  #54

InfiniteDivide wrote in post #16891862 (external link)
^ glad to see I am not alone in my thinking. :)

I am also under the impression that any time I see a UA or UB lens for sale on here, 99% of the time the seller bought it brand new; whether it was during a rebate or not I don't know.
But they paid full price and are now selling it used at a loss.

Agreed. I buy this crap with zero intention of expecting a financial return from selling one day. If you need to justify the purchase of a depreciating asset under the premise of it being an investment, you probably shouldn't be buying it.


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Charlie
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May 09, 2014 18:10 |  #55

Nick3434 wrote in post #16893695 (external link)
Agreed. I buy this crap with zero intention of expecting a financial return from selling one day. If you need to justify the purchase of a depreciating asset under the premise of it being an investment, you probably shouldn't be buying it.

where's the like button ;)

You know, I've been driving this sports car I am using as a loaner..... now that would be a horribly expensive hobby, but it's pretty damn fun. It's no investment, that's for sure!


Sony A7iii/A9 - SY 24/2.8 - FE 28/2 - FE 35/2.8 - FE 50/1.8 - FE 85/1.8 - F 600/5.6 - CZ 100-300 - Tamron 17-28/2.8 - 28-75/2.8 RXD
Panasonic G85/G9 - Laowa 7.5/2 - PL 15/1.7 - P 42.5/1.8 - OM 75/1.8 - PL 10-25/1.7 - P 12-32 - P 14-140

  
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kanadary
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May 09, 2014 18:42 as a reply to  @ Charlie's post |  #56

i look everyday on cl, ebay, here, fm, but have never ever found what you have in your sig for $300. are you sure you're not missing a 0 there? the 85f1.8 goes for 300 all day but rarely does it drop much below that. so like the other poster said, where do you shop to get these great deals.. in fact, right now, i will pay you $600 for the 6D and 24L, right now.


Canon 6D | 24L | 50L | 85 f/1.8




  
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DreDaze
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May 09, 2014 18:48 |  #57

i usually wait for what i think is a good deal to buy...most of the lenses i have bought used i could sell for more than what i paid for them...

however, i do think it's a bit of a myth that canon's resale value is any better than other brands...it mainly comes down to the specific lens, and what kind of competition it has...all it takes is a new cheaper/better lens to cause the value of a lens to go down...look at the 35L after the sigma 35mm came out, and even the 17-55IS after the 18-35mm came out

hang your cross wrote in post #16892798 (external link)
You need to be a smart shopper. I have never paid full-price for any of my gear. All said and done, I paid about $300 for all my camera equipment that's in my signature. I could not afford to be in this hobby without being a smart shopper.

Lenses will have a higher resell value than other camera equipment due to the fact they don't get upgraded every model year like camera bodies.

If you buy a used lens, you will most likely not lose any money from the purchase.

i'm assuming you missed a zero there...


Andre or Dre
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hang ­ your ­ cross
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May 09, 2014 19:19 |  #58

I don't know, seems like the 35L is going for $950-1100 even after the 35A came out. That's still pretty good for an older lens.


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Charlie
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May 09, 2014 19:28 |  #59

hang your cross wrote in post #16893890 (external link)
I don't know, seems like the 35L is going for $950-1100 even after the 35A came out. That's still pretty good for an older lens.

it use to go for a solid 1100+ a year before the 35A was announced. The 35L took a fairly hard tumble back then, since the sigma matched/exceeded it on almost every single item. Prices have stabilized for that lens, but a few hundred less than what it use to fetch.


Sony A7iii/A9 - SY 24/2.8 - FE 28/2 - FE 35/2.8 - FE 50/1.8 - FE 85/1.8 - F 600/5.6 - CZ 100-300 - Tamron 17-28/2.8 - 28-75/2.8 RXD
Panasonic G85/G9 - Laowa 7.5/2 - PL 15/1.7 - P 42.5/1.8 - OM 75/1.8 - PL 10-25/1.7 - P 12-32 - P 14-140

  
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pyrojim
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May 09, 2014 19:30 |  #60

InfiniteDivide wrote in post #16893687 (external link)
Sorry for any miscommunication in my post, I don't see buying gear as an investment per-say.
I see the money as a cost to attain the photos. (my personal return)

I count only the price I paid - the price I sold it for - shipping fees. (not a large loss if any)
As others have stated it is MUCH cheaper than renting for 3-6 months.

I see a few thousand dollars in camera gear as a lot safer place to have my money than in a stock market fund. :D

The stock market is a terrible comparison, as its not terrible if you have: one or two(hell, 20) Nvidia Tesla cards, a computer programmer, a statistician, and less than 5 milliseconds of lag to the NYSE...

But with camera gear you are GUARANTEED depreciation. Where as the stock market(returns) is(are) distributed Cauchy(Kosh-ee)...


The next question is why to modelers assume normality or even T-distributed terms....beyond me. Ohh wait, 2008 DID occur, meh we at least know what happens when modeling uses an incorrectly specified distribution.


PhaseOne H25
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Is Canon's high resale value a myth?
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