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Thread started 14 May 2021 (Friday) 03:40
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Canon EOS cameras in car in summer - question

 
TeamSpeed
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Jun 02, 2021 04:19 |  #46

For me life is too short so when I want a new toy of sorts, at that decision point, I start my quest for the best deal, and I average about 30 days to a purchase as I search through forums and sites.


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Jun 02, 2021 14:41 |  #47

Tom Reichner wrote in post #19243171 (external link)
.
That is one of the primary reasons why I always buy used bodies, and usually wait until I can get one for less than 50% of the original price. . No matter how badly I need something, it kills me to buy something, and then a year later see how much I could have saved if I had just waited another year. . So I wait until the used prices level off a bit, and then buy.

.

The 36% annual depreciation affected most models, with only the 5Dn as the exception series. I used to track the 1Ds series, and saw ownership value at year 0 = $8000, year 2 = $4000, year 4 = $2000, year 6 = $1000 over and over for each of the models with $8000 MSRP. I had to shake my head in wonderment at what pros (and well-off enthusiasts) were eating in lost value, in selling the old version to buy the new version during that first decade of dSLR history.


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Jun 02, 2021 14:43 |  #48

I paid $X for the 1D4 on the used markets years ago and 3+ years later, I sold it for $X - $300, so it cost me around $100 a year to own it. The same occurred with the 1D3 bodies I had. You just have to watch for the best deals, used or otherwise, to break this general depreciation rule. ;)

Couple this with all those folks that are Canon-branded battery minded, I would replace all my factory batteries with aftermarkets (with no issues at all) and sold those factory batteries off to make more than enough to buy my 7D2 years past. I think I have lost substantial money on my 7D2, and will again on my 5D4 when I decide to sell it, in almost all other cases, I broke basically even or even came ahead, like the EOS R, where I made $300 after owning it for about 5 months.


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Jun 02, 2021 14:50 |  #49

TeamSpeed wrote in post #19243392 (external link)
I paid $X for the 1D4 on the used markets years ago and 3+ years later, I sold it for $X - $300, so it cost me around $100 a year to own it. The same occurred with the 1D3 bodies I had. You just have to watch for the best deals, used or otherwise, to break this general depreciation rule. ;)

Couple this with all those folks that are Canon-branded battery minded, I would replace all my factory batteries with aftermarkets (with no issues at all) and sold those factory batteries off to make more than enough to buy my 7D2 years past. I think I have lost substantial money on my 7D2, and will again on my 5D4 when I decide to sell it, in almost all other cases, I broke basically even or even came ahead, like the EOS R, where I made $300 after owning it for about 5 months.

I bought my most recent car as used CPO. Original owner paid (no tax, registration in this) $42k, and turned it in at end of 3 year lease, I bought it for $30k. That represented just about 9.5% compounded annual depreciation for a car but un recent years the rate of depreciation has declined.


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Jun 02, 2021 14:55 as a reply to  @ Wilt's post |  #50

$30? Wow that is amazing! (I know it's a typo, but wouldn't that have been cool?)


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Jun 02, 2021 17:34 |  #51

TeamSpeed wrote in post #19243396 (external link)
$30? Wow that is amazing! (I know it's a typo, but wouldn't that have been cool?)

it would have been very cool! (fixed the typo)


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Jun 02, 2021 18:09 as a reply to  @ Wilt's post |  #52

We recently picked up a 2020 Denali GMC Sierra with 9K miles on the clock for about $20K off the sticker. It will hold its value very well I hope from this point forward. Trucks are very expensive and we even have one of the premier GM truck plants here, one would think they would have a "seconds" annual sale like other factories where trucks not cutting the QA inspection are sold at low prices. :D

I leave my gear in bins in the bed area but we have a hard tonneau cover I installed to cover that bed so no prying eyes....


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Jun 02, 2021 18:35 |  #53

Wow.. When y'all were talking cheap cars, I was picturing sub-1K. Until I hit my 50s, I never owned a car manufactured in the same decade I drove it in. I usually pick up a beater for a couple hundred, rarely over 1K, drive it until it does or needs an oil change, then sell it. They usually lasted me 2~4 years before needing replacing. I do my own maintenance if cheap enough and as a result, I've owned somewhere around 20 cars over my lifetime. (Never really counted them all). Right now I have a 2003 E150 conversion and a 2008 G6, both still running strong. My favorite was a 66/67 Caddie Sevil I picked up for 1k. Gorgeous car. That was followed by a Dodge Monaco. (can't remember the year but I think it was a 72 with the hide away headlights)


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Canon EOS cameras in car in summer - question
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