depreciation on camera body

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mountainrivera
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p.2 #1 · depreciation on camera body

Never buy cutting edge. Always had luck with pre-owned and limits depreciation loss.

Mar 28, 2008 at 02:05 AM

trumpet_guy
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p.2 #2 · depreciation on camera body

I also have a spreadsheet tallying all my camera purchases.
So far I've spent 10x

more than I intended to, but it has been
fun. I plan a sale in the near future to whittle down my gear
to the stuff I really like and use.

It's a hobby. People spend on hobbies. Keep the expense to a
reasonable and manageable level [that's different for each person]
and enjoy the learning experience.

I've already used my photos in church. I took a good portion
of the photos for our church directory. They're not studio style shots,
but they look decent.

Camera bodies depreciate faster than glass, so I've put money
into lenses with much less inhibition compared with camera bodies.

Oh, and I haven't lost anything on a camera body sale: I haven't
sold any bodies.

ocean7 wrote:
Interesting. I keep an excel file of all my purchases / sales. Kinda scary btw

The most I have lost so far is on a D60. I purchased it used for $1000. Two months after that I had Canon replace the shutter - thank you eBay - for $350 and I sold it when I got my 20D for $650. Loss = $700.

I purchased my 20D when it was in the current lineup for $1950. If I was to sell it now what would I get? $500 at most?

I have now a 1D MKII but I am keeping the 20D. Not only for backup but because its sale would considerably hurt my stats!

Edited on Mar 28, 2008 at 03:50 AM

Mar 28, 2008 at 03:46 AM

Mark Peters
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p.2 #3 · depreciation on camera body

I use the same philosophy that I use in buying cars - I let the other guy I buy it from take the big hit on depreciation -

Mar 28, 2008 at 12:25 PM

jay tieger
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p.2 #4 · depreciation on camera body

Lotsa wise people here...

Mar 28, 2008 at 12:53 PM

nickrh
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p.2 #5 · depreciation on camera body

300D I lost about $100 over the course of a year of use.
20D I felt a bit bad about this one lost about $500 in 1.5 years

5D - Plan on owning this for a while, but I could lose it tomorrow and feel like I got more than $200/mo worth of enjoyment out of it.

Nick

Mar 28, 2008 at 04:28 PM

Me_XMan
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p.2 #6 · depreciation on camera body

You've gotta watch them in B&S forum

jay tieger wrote:
Lotsa wise people here...

Mar 28, 2008 at 04:35 PM

BenV
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p.2 #7 · depreciation on camera body

wheaton wrote:
I've yet to loose a penny selling camera equipment.

My first was a 300D. Payed $1000
I sold it to the insurance company for $1000 when I broke it two years later.

Then I purchased a used 300D for $400. I sold that one to the insurance company (again for $1000) a year later when my entire kit was stolen.

I was able to replace my other stolen equipment for $1000 less than the insurance payout. I then purchased a 5D for $3300. So after I subtract the $600 profit on the 300D, and the $1000 profit on the rest of my kit. The 5D only cost me $1700.

If I were to sell my 5D today it would fetch ~1500. After 3 years with a 300D and 2.5 years with a 5D, I have only lost $200 to depreciation.

But over that same time period I spent $350 on insurance. So if I were to sell my entire kit now (assuming there is no depreciation on my lenses, most of which were purchased used) I would have lost $550 over 5.5 years or about $100 a year. Not too bad.

sounds like insurance fraud to me :-0

Mar 28, 2008 at 04:56 PM

Ben Horne
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p.2 #8 · depreciation on camera body

How did you pay 7500 on a 1D mk I? When that camera came on the market, I believe it started at $5500.

Mar 28, 2008 at 05:09 PM

Ben Horne
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p.2 #9 · depreciation on camera body

Mar 28, 2008 at 05:11 PM

Nick Zarnetske
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p.2 #10 · depreciation on camera body

I lost about 300 selling my Rebel Xt to switch to a 40D. In hindsight I should have kept the Xt as a back up, but I am no professional and a spare body is almost nonsense.

Mar 28, 2008 at 06:46 PM

darryn patch
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p.2 #11 · depreciation on camera body

Ben in Australia the Mk1 listed at about 9 grand from memory, I bought it about 12 months after they came out. $7700 is what I paid still have the receipt.

Mar 28, 2008 at 11:19 PM

ShutterLover
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p.2 #12 · depreciation on camera body

Don't get hung up on bodies. Buy to get the job done not the biggest and best. I'm still happy with a 20D and 30D as the images please clients and I'm happy with the images.

L-Lenses on the other hand don't depreciate that much. If you buy second hand you can often sell them on for the price you paid, although sometimes the price for second hand edges so close to new you may as well get the guarantee and the like.

Now that DSLRs have offered great image quality for a few years, buying bodies is a chore - it's the glass that'll really make the difference.

Mar 28, 2008 at 11:33 PM

andrew81
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p.2 #13 · depreciation on camera body

I dont think I will ever buy a brand new digital camera again, just like I will never buy a brand new car. Just leaving the shop the price goes down 15-30%
My 10D cost me close to $3000 with a grip and I would of made that back within a short space of time. My 20D cost me $1000 second hand and I made that back the day after I bought it.
Just got a MKII I wont be getting rid of for a few years which cost me $1700. By the time I am ready to buy again they MKIIN will be down to a reasonable price.

Mar 29, 2008 at 04:44 AM

andrew81
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p.2 #14 · depreciation on camera body

I dont remember them retailing for $9k.
Daz never let a good story get in the way of the truth.

Mar 29, 2008 at 04:49 AM

darryn patch
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p.2 #15 · depreciation on camera body

Go ask that dude at the Central Coast express and ask him how much they were.

Actually when they first came out I looked at one at Photocontinental in Brisbane and they wanted $11500 for it.

The D30 listed at $6600AUD I know that becasue I bought it at that price.

Do some digging and see how much they were, you will be surprised.

I'll see if I can find some old links.

Mar 29, 2008 at 05:19 AM

darryn patch
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p.2 #16 · depreciation on camera body

Actually it was the 1Ds that was 11.5K the 1DI was 9K

Mar 29, 2008 at 05:23 AM

darryn patch
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p.2 #17 · depreciation on camera body

http://www.dpreview.com/reviews/canoneos1d/

here is a link that has a buy price of 5.5KUS given back in 2003 the aussie dollar was 59 cents

http://au.finance.yahoo.com/currency/convert?from=AUD&to=USD&amt=1&t=5y

This graph only goes back 5 years but dollar was weaker than this graph, My copies of wire transfers to the US show the dollar was actually 55-58c in 2003

That would put the 1D at 9.5K AUD just on conversion alone that doesn't take into consideration the usuall shafting that Canon put on top.

So yeah never let the truth get in the way of a good story, well there is my source of info even though a journo should never reveal their sources

Edited by darryn patch on Mar 29, 2008 at 02:58 PM GMT

Edited on Mar 29, 2008 at 06:58 AM

Mar 29, 2008 at 05:28 AM

andrew81
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p.2 #18 · depreciation on camera body

darryn patch wrote:
Go ask that dude at the Central Coast express and ask him how much they were.

Actually when they first came out I looked at one at Photocontinental in Brisbane and they wanted $11500 for it.

The D30 listed at $6600AUD I know that becasue I bought it at that price.

Do some digging and see how much they were, you will be surprised.

I'll see if I can find some old links.
Why would a newspaper have any idea how much a camera is worth?

Mar 29, 2008 at 05:59 AM

marko1953
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p.2 #19 · depreciation on camera body

newspapers buy cameras don't they?

Mar 29, 2008 at 06:11 AM

darryn patch
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p.2 #20 · depreciation on camera body

Did you even open and read those links?

Well I would assume like Mark, that a newspaper photog whom you know from The Central Coast Express would have known how much they were. There are plenty of Aussie photogs on here who WOULD know like me how much the 1D originally came in at.

Anyway the links are above I know what I paid for my stuff I have the reciepts.

Mar 29, 2008 at 06:43 AM

andrew81
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p.2 #21 · depreciation on camera body

darryn patch wrote:
Did you even open and read those links?

Well I would assume like Mark, that a newspaper photog whom you know from The Central Coast Express would have known how much they were. There are plenty of Aussie photogs on here who WOULD know like me how much the 1D originally came in at.

Anyway the links are above I know what I paid for my stuff I have the reciepts.
Well, I worked for the Express for around 2 years and I can tell you that we didnt take muct notice of how much photo gear cost as we got our own kit and could take it home etc. That, and the Express used Nikon so they would have no idea how much a Canon camera cost.

Canon have prices listen on their site that are no where near even the release prices of cameras. Sorry but I am calling bullshit on that price on the 1D

Mar 29, 2008 at 09:52 PM

darryn patch
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p.2 #22 · depreciation on camera body

OK so if I paid $7700 for one second hand, how much do you think they would have been brand new

?

Have a stab in the dark what do you reckon they opened up at

http://www.fredmiranda.com/1Ds_review/

here is a link to a fred Miranda review on the 1Ds at the bottom it shows price comparison between 1D and 1Ds. The 1Ds is at $8000USD the 1D is at $4500USD factor in the exchange rate at .59 and see where you get to.

The simple fact that you've been shooting with a 10D for god knows how long and recently went to a 20D and that the 1D came out 5-6 years ago would tells me that you would have NO idea what they listed for. You didn't buy one. I did. So I reckon I got slightly more of a clue how much they were.

At the same time Canon Australia wanted to charge $22000 for a 600/4IS. I spose thats crap aswell. Which is why I bought every peice of my gear from the USA were I didn't get shafted.

Canon only changed their prices a few years ago when they could see lots of Aussies were buying OS.

Edited on Mar 30, 2008 at 12:49 AM

Mar 30, 2008 at 12:38 AM

marko1953
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p.2 #23 · depreciation on camera body

It's Ok Darryn ,we believe you...some people just can't admit when they are wrong

Mar 30, 2008 at 11:08 AM

darryn patch
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p.2 #24 · depreciation on camera body

I was told many years ago never argue with an idiot.

I forgot that peice of advice.

And until this peanut can tell me what they listed for he has NO credibility.

Mar 30, 2008 at 11:49 AM

Lars Johnsson
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p.2 #25 · depreciation on camera body

You don't loose money when you buy a camera. It's a tool, not an investment.........

Mar 30, 2008 at 01:55 PM


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