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FORUMS Canon Cameras, Lenses & Accessories Canon EF and EF-S Lenses 
Thread started 07 Dec 2014 (Sunday) 19:35
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24-70 f/4: will it go back to full price?

 
Aressem
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Dec 07, 2014 19:35 |  #1

Just looking for opinions. Do you think the 24-70 f/4L IS will go back to full price? I bought one as a kit with my 7D II and am looking to sell it locally once the price (hopefully goes back to normal. Advice? TIA

- Ryan


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DreDaze
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Dec 07, 2014 21:12 |  #2

i doubt it ever goes back to the original retail price...it was overpriced, and not selling...so the price has dropped...it'll probably stay around where it is


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Dec 07, 2014 21:16 |  #3

Depends on what you mean by full price.. If you mean it's original introductory price, no. If you mean will it go up in price, then yes. There's currently a $200 rebate offered. At some point Canon will stop renewing those, or will offer a lower rebate.

This probably won't help you in the short term (next 6 months or so), as there are a ton of people like you who have these for sale.


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tat3406
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Dec 07, 2014 21:27 |  #4

No. The market is set the current price lower than Canon target price, the price will increase $50 or $100 from market price but never will go back to full price. F4 normal zoom is very regular lens, a lot of alternative lens can replace it, not like the 50 f1.0 or 200 f1.8.


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Dec 07, 2014 21:27 |  #5

It will not go above the $1k mark IMHO.


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Aressem
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Dec 07, 2014 21:43 |  #6

Well right now it's $800 Canadian. Normally $1320, but there are 320 savings right now, plus a $200 instant rebate (locally). I'm just hoping it goes back to at least a grand.


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Dec 07, 2014 22:09 |  #7
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Aressem wrote in post #17319213 (external link)
Just looking for opinions. Do you think the 24-70 f/4L IS will go back to full price? I bought one as a kit with my 7D II and am looking to sell it locally once the price (hopefully goes back to normal. Advice? TIA

- Ryan

If you don't need it, sell it now. Inflation is making it worth a few cents less every day, even if the price doesn't go down. Buy something you need with the cash, or put a down-payment on that 1Dx you've been looking at.


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Aressem
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Dec 07, 2014 22:19 |  #8

GeoKras1989 wrote in post #17319519 (external link)
If you don't need it, sell it now. Inflation is making it worth a few cents less every day, even if the price doesn't go down. Buy something you need with the cash, or put a down-payment on that 1Dx you've been looking at.

That doesn't make any sense. I'm certain the price will increase again; I'm just not sure by how much. I don't need the cash so I'm in no rush. Just trying to gauge how long I should wait and predict it's actual MSRP.


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Dec 07, 2014 22:32 |  #9
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Aressem wrote in post #17319555 (external link)
That doesn't make any sense. I'm certain the price will increase again; I'm just not sure by how much. I don't need the cash so I'm in no rush. Just trying to gauge how long I should wait and predict it's actual MSRP.


You plan to sit on a lens that was not popular, and was over-priced, to start with. Canon is currently selling refurbs for $679, that will drive the resale value down. Canon is introducing the 24-105 STM later this month at $599. That will drive your resale value down, plus kill your market for anyone doing video on full frame. New price doesn't drive used prices, the market does. Witness the 24-105L. The market for this lens is not going to get better. Just my opinion.

Good luck with your sale.


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Dec 08, 2014 11:25 |  #10

With the reductions of lens prices due to currency, it seems the used market isn't quite what it used to be. I have noticed that it is much more difficult to sell a used lens nowadays. I can't even get rid of my 30mm sigma for $250. A couple years ago this would have sold in no time.

The advantage of this is that there has never been a better time to buy lenses. Although I think some lenses have confusing price points still.

You can get the 24-70 F4 new for under $700. I am not quite sure who would buy the 24-70 F2.8 for 2.5 times more that cost for a stop extra light except for the pros who need it in make it or break type shots.

The lens will go back to $999, it isn't going to go higher anytime soon.


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Dec 08, 2014 12:28 |  #11

Thanks for the feedback guys. I'll hang onto it until it goes back to $1000.


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Dec 08, 2014 13:01 |  #12

even if the lens goes back up to close to $1,000 the used value of it just isn't going to be that high...it's starting to be thrown into kits for cheap(recently $280 with the 7D II), it's refurbished for $629...i think you'll be lucky to get $600


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Aressem
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Dec 08, 2014 14:01 |  #13

DreDaze wrote in post #17320711 (external link)
even if the lens goes back up to close to $1,000 the used value of it just isn't going to be that high...it's starting to be thrown into kits for cheap(recently $280 with the 7D II), it's refurbished for $629...i think you'll be lucky to get $600


I disagree. I'll let you know when I sell it for $900 CDN ;)


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Dec 08, 2014 14:10 |  #14

I agree that it should definitely be possible to sell it for 900$ (let's not forget Aressem is speaking in terms of CDN, not USD).

Plus, the price for the lens with the 7D2 was 450 CDN (with tax), and that was a pre-order special, not a kit. I don't know that this offer would be repeated any time soon, and I sure don't expect we'll see them at such a price in a regular kit any time soon. Until recently, at least, the 6D+24-70 f4L still sold for more than the kit with the 24-105L.


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Dec 08, 2014 14:44 |  #15

Aressem wrote in post #17320855 (external link)
I disagree. I'll let you know when I sell it for $900 CDN ;)

If you can get $900 for a used lens that is on sale right now for $799CAN new, then more power to you.




  
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24-70 f/4: will it go back to full price?
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