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Thread started 24 Aug 2016 (Wednesday) 21:29
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Canon 5D Mark IV -- Time to Discuss!

 
Talley
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Sep 04, 2016 14:32 |  #1066

gossamer88 wrote in post #18116726 (external link)
I can certainly understand Pros buying since it is a tax write-off. But it is not in my DNA to pay full-price for it right now. Unless of course you have money to burn.


Your theory is flawed. I said the same thing with the 5D3. Waited until it was 2yrs old and purchased a used one w/ 5k clicks for 2600. 2.5yrs later I sold it for 1650. about 380/yr depreciation. Had I bought it new at release for 3500 and still sold it for the same price then 4.5yrs of use and about $410/yr depreciation. In those 2 years I limped by on a 6D that got me a bunch of missed shots due to it's AF that was not up to par for MY NEEDS.

So the way I look at it... I can wait a year or two... or I can buy now... the rough price of depreciation will be the same. In the mean time the 5D3 would only lose a slight value of where I sold it at. Doesn't matter to me... when you break it down to a PER year cost... 380/yr.... 410/yr... whatever your talking pennies compared to the cost of flash equipment, lenses, backdrops... etc.

This is my logic this release. I'll buy it new for full price with the full intention of keeping it for 4.5-5 years at which time the camera will be worth (based on prior history) around the 1500 dollar mark. So for 5yrs of ownership will cost 400/yr of depreciation. Sure you could wait 4-5 months and pay 3200 for one... maybe 3k depending on the sales... for sure in 6 months you'll be able to pick up one for 3k through one of the grey imports but in the end you'll still sell it in 4 years for 1500-1600 for around 375/yr deprecation. Your really complaining about the cost of a nice meal once a year?

For me it's not money to burn. For me it's 3500 - 1650 = 1850 to upgrade / 5yrs of ownership = 370/yr to own the camera.

Kinda of redundant but it's fact. I'll enjoy my camera the full 5 years and will be ready for the next one.


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Rittrato
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Sep 04, 2016 14:46 |  #1067

Talley wrote in post #18116802 (external link)
Your theory is flawed. I said the same thing with the 5D3. Waited until it was 2yrs old and purchased a used one w/ 5k clicks for 2600. 2.5yrs later I sold it for 1650. about 380/yr depreciation. Had I bought it new at release for 3500 and still sold it for the same price then 4.5yrs of use and about $410/yr depreciation. In those 2 years I limped by on a 6D that got me a bunch of missed shots due to it's AF that was not up to par for MY NEEDS.

So the way I look at it... I can wait a year or two... or I can buy now... the rough price of depreciation will be the same. In the mean time the 5D3 would only lose a slight value of where I sold it at. Doesn't matter to me... when you break it down to a PER year cost... 380/yr.... 410/yr... whatever your talking pennies compared to the cost of flash equipment, lenses, backdrops... etc.

This is my logic this release. I'll buy it new for full price with the full intention of keeping it for 4.5-5 years at which time the camera will be worth (based on prior history) around the 1500 dollar mark. So for 5yrs of ownership will cost 400/yr of depreciation. Sure you could wait 4-5 months and pay 3200 for one... maybe 3k depending on the sales... for sure in 6 months you'll be able to pick up one for 3k through one of the grey imports but in the end you'll still sell it in 4 years for 1500-1600 for around 375/yr deprecation. Your really complaining about the cost of a nice meal once a year?

For me it's not money to burn. For me it's 3500 - 1650 = 1850 to upgrade / 5yrs of ownership = 370/yr to own the camera.

Kinda of redundant but it's fact. I'll enjoy my camera the full 5 years and will be ready for the next one.

True




  
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welshwizard1971
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Sep 04, 2016 15:09 |  #1068

Is it worth mentioning to the doom prophets that Canon have built up a dominant high quality world wide optical company, and they haven't, so Canon probably know better than they do about their products, customers and markets?

Putting down the 5D IV as Nikon do slightly better IQ, or Sony do slightly better video, is like saying a Ford Focus ST is better than a Range Rover because it has a higher top speed. I'd much rather have the Rangie thank you, it's the complete package, not a one trick pony...


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Hockeyphoto
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Sep 04, 2016 15:40 as a reply to  @ welshwizard1971's post |  #1069

Let's face it, if you're buying a $3K DSLR, you're most likely not struggling in the first place. You can get by with lesser cameras, period. Saying those that are buying one must have "money to burn" is just silly. This hobby isn't like buying beanie babies or something like that- ownership of new camera like this is more than just plain ownership. It's the excitement of exploring something new and seeing exactly what it can do first hand. If I wanted to blow money, I'd go to Vegas. I'm the type that loves to try things myself instead of reading about it or watching a youtube video.

I also waited several years after release to buy a 5D MKIII and when I got it, I loved it. Made me wish I had gotten one early on! I'm not rich, but my photography hobby makes me happy and I enjoy time out with my camera. Well worth the price at release if you ask me!


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Talley
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Sep 04, 2016 16:05 |  #1070

Hockeyphoto wrote in post #18116841 (external link)
Let's face it, if you're buying a $3K DSLR, you're most likely not struggling in the first place. You can get by with lesser cameras, period. Saying those that are buying one must have "money to burn" is just silly. This hobby isn't like buying beanie babies or something like that- ownership of new camera like this is more than just plain ownership. It's the excitement of exploring something new and seeing exactly what it can do first hand. If I wanted to blow money, I'd go to Vegas. I'm the type that loves to try things myself instead of reading about it or watching a youtube video.

I also waited several years after release to buy a 5D MKIII and when I got it, I loved it. Made me wish I had gotten one early on! I'm not rich, but my photography hobby makes me happy and I enjoy time out with my camera. Well worth the price at release if you ask me!

Perfect.


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Talley
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Sep 04, 2016 16:07 |  #1071

Talley wrote in post #18116802 (external link)
Your theory is flawed. I said the same thing with the 5D3. Waited until it was 2yrs old and purchased a used one w/ 5k clicks for 2600. 2.5yrs later I sold it for 1650. about 380/yr depreciation. Had I bought it new at release for 3500 and still sold it for the same price then 4.5yrs of use and about $410/yr depreciation. In those 2 years I limped by on a 6D that got me a bunch of missed shots due to it's AF that was not up to par for MY NEEDS.

So the way I look at it... I can wait a year or two... or I can buy now... the rough price of depreciation will be the same. In the mean time the 5D3 would only lose a slight value of where I sold it at. Doesn't matter to me... when you break it down to a PER year cost... 380/yr.... 410/yr... whatever your talking pennies compared to the cost of flash equipment, lenses, backdrops... etc.

This is my logic this release. I'll buy it new for full price with the full intention of keeping it for 4.5-5 years at which time the camera will be worth (based on prior history) around the 1500 dollar mark. So for 5yrs of ownership will cost 400/yr of depreciation. Sure you could wait 4-5 months and pay 3200 for one... maybe 3k depending on the sales... for sure in 6 months you'll be able to pick up one for 3k through one of the grey imports but in the end you'll still sell it in 4 years for 1500-1600 for around 375/yr deprecation. Your really complaining about the cost of a nice meal once a year?

For me it's not money to burn. For me it's 3500 - 1650 = 1850 to upgrade / 5yrs of ownership = 370/yr to own the camera.

Kinda of redundant but it's fact. I'll enjoy my camera the full 5 years and will be ready for the next one.

Also this doesn't work for 2nd gen cameras obviuosly. You can now pickup a used 5D3 for 1700 and own it for 4 years and then it'll be worth around 800ish more than likely. Very cheap ownership sticking to 2nd gen cameras and even cheaper for 3rd gen. Go buy a 5D2 now for 800 and sell it in 4 years for 500.


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gossamer88
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Sep 04, 2016 16:17 |  #1072

Talley wrote in post #18116871 (external link)
Also this doesn't work for 2nd gen cameras obviuosly. You can now pickup a used 5D3 for 1700 and own it for 4 years and then it'll be worth around 800ish more than likely. Very cheap ownership sticking to 2nd gen cameras and even cheaper for 3rd gen. Go buy a 5D2 now for 800 and sell it in 4 years for 500.

I bought my 5D3 for 2K brand new last Summer. I'll admit I wanted it from the start. I was coming from a Rebel and been wanting FF for a few years. I finally jumped on a 6D the summer of 2014. It was great. I could not justify spending over 3K for 5D3. But I relented last Summer and admittedly took a loss.

So maybe my theory is indeed flawed and I should have bought it from the start. I'm not sure of the math, but I am pretty happy now. For now I'll stick with my 5D3 (that I am still learning believe it or not). When I'm ready for the 5D4 (yes not 5DV) I'll justify it somehow to the misses and she'll just roll her eyes.


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mike_d
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Sep 04, 2016 17:07 |  #1073

Talley wrote in post #18116802 (external link)
For me it's not money to burn. For me it's 3500 - 1650 = 1850 to upgrade / 5yrs of ownership = 370/yr to own the camera.

Kinda of redundant but it's fact. I'll enjoy my camera the full 5 years and will be ready for the next one.

That's true if you always buy the newest version of a camera. Its like someone choosing to lease a car instead of buying because the monthly payment is lower. It is if you get a new car every 4 years and resign yourself to a lifetime of car payments. My preference is to buy a car, pay it off, and have no payment for a while. Likewise, someone can just stick with their current camera and lower their overall monthly cost of ownership even farther.




  
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George ­ Zip
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Sep 04, 2016 17:11 |  #1074

gossamer88 wrote in post #18116708 (external link)
I don't understand the rush to get this camera. Especially with so little reviews. Not to mention real world experience that will soon be on YouTube and other sites.

This is not really a reply to your thinking but a comment on paying top dollar for new things.....

A friend of mine worked hard his whole life and did well. He sold a caravan park he had picked up along the way and made a huge chunk of change.

He went out and purchased a brand new yacht. I asked him why he did that as opposed to picking a nice second hand one, and he said to me "mate.. you're a long time dead" It had an impact on me.

So for the guys in here who are passionate about cameras, I say go for it. The worst case scenario is you are going to hate it and drop 500 bucks reselling it.




  
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Rittrato
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Sep 04, 2016 17:16 |  #1075

Scrumhalf wrote in post #18116718 (external link)
Come on, don't ruin it for us who are waiting for the refurbs to show up! Let people buy early! ;)

Refurbs usually costs as much as new since you have to pay for taxes.




  
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mike_d
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Sep 04, 2016 17:19 |  #1076

Rittrato wrote in post #18116939 (external link)
Refurbs usually costs as much as new since you have to pay for taxes.

Just watch the POTN/FM for sale forums in a few months. Sure, most people will want $3400 + shipping + 3% PayPal fees, but if you're patient you'll be able to get a nice discount.




  
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Sep 04, 2016 17:35 |  #1077

I just pre-ordered from Adorama. I wonder how long it will take before they get to mine. Days, weeks, months?


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mike_d
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Sep 04, 2016 17:36 |  #1078

LJ3Jim wrote in post #18116950 (external link)
I just pre-ordered from Adorama. I wonder how long it will take before they get to mine. Days, weeks, months?

Probably days or weeks depending on how deep the queue is. I'm sure Adorama is pretty high on the list of who gets cameras.




  
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Sep 04, 2016 17:37 as a reply to  @ post 18116794 |  #1079

Thanks Scrumhalf for taking the time to give such a detailed reply. Real world testing between the 6D & 5D4 will be interesting.


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Rittrato
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Sep 04, 2016 17:39 |  #1080

mike_d wrote in post #18116941 (external link)
Just watch the POTN/FM for sale forums in a few months. Sure, most people will want $3400 + shipping + 3% PayPal fees, but if you're patient you'll be able to get a nice discount.

Not enough discount IMO. I paid $3350 for mine which is already lower than MSRP. Plus, not everyone can check the Buy and Sale thread frequently.

My 02 cents




  
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