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Archive 2010 · 5D II - wrong time to buy it?
  
 
sergiodg
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p.1 #1 · 5D II - wrong time to buy it?


There is quite a shortage, a sign the 5D II is imminent? If I understand right its price has been lowered.

If a (let's say) "5D III" comes out, what will happen to the value of a still under warranty 5D II?

I might be tempted for another upgrade and will hate to see the value of the 5D II fall considerably (20%- 30%)?..

If it was urgent to buy a 5DII I wouldn't ask this question. The need is there already just wanting to ask if it makes sense from a camera value point of view and time of purchase.

It is also an interesting topic to learn about the typical product management and strategy of Canon.. of course without having to use a crystal ball, what happened in the past to the value of the old camera with the introduction of the new one?

Sep 08, 2010 at 10:01 AM
turtleinsea
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p.1 #2 · 5D II - wrong time to buy it?


Cameras will all lose value and be replaced by better technology... Get what works for you and be happy.

To answer your question though I do think there will be a 5DIII soon and a 5DIV 2.5 years after that... And the older cameras will lose their value... Cameras are almost as bad as cars in terms of depreciation!



Sep 08, 2010 at 10:07 AM
paregorike
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p.1 #3 · 5D II - wrong time to buy it?


I think the value of the 5dII is great right now. Most of us paid 2699 just a year ago.

Sep 08, 2010 at 10:10 AM
sergiodg
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p.1 #4 · 5D II - wrong time to buy it?


When the III comes out I guess there will be lots of second hand in the market. Very convenient to buy a second hand one at that time..

2699 $ is a good price for a year ago..

Sep 08, 2010 at 10:24 AM
fraga
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p.1 #5 · 5D II - wrong time to buy it?


Just wait for photokina.
If nothing is announced, then buy it.

Sep 08, 2010 at 10:49 AM
EOSDNG
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p.1 #6 · 5D II - wrong time to buy it?


There is no wrong time to buy a fullformat dslr

Sep 08, 2010 at 11:17 AM
Snopchenko
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p.1 #7 · 5D II - wrong time to buy it?


And you can't keep waiting for better and better gear. Life is fleeting.

Sep 08, 2010 at 11:42 AM
sergiodg
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p.1 #8 · 5D II - wrong time to buy it?


@fraga - first post spot on.. I will definitively wait for photokina. Thanks.

@EOSDNG In terms of quality I'm with you.

@ All
My question is from a "trade" point of view.. anyone who is in the retail business of Canon and has it how the market behaves would be a plus. But I'm quite sure, if soon the 5D III will be announce, I will find many second hand (eye?) 5D II on the market. Much cheaper?

What should be the price range for a 5D II upgrade (III?) for its market segment? Min-Max unless it will be a completely different camera ( I doubt).

Again, I'm not a market analyst but I see in other forums around the internet lots of speculations and debate on needs and and specs, little thought with an "MBA hat"?
I bet FM is a different arena.



Sep 08, 2010 at 11:45 AM
dhphoto
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p.1 #9 · 5D II - wrong time to buy it?


I'd just buy one if you want one.

The price has dropped loads since it was introduced and the 5DII IQ is superb, the only thing you might gain in a new medel would be a few features. So the 5DII price might drop a little. So what.

David

Sep 08, 2010 at 11:48 AM
dimitris77
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p.1 #10 · 5D II - wrong time to buy it?


I think that there are a lot of people who will hold on to theirs so I wouldn't expect prices to go much downhill.

Sep 08, 2010 at 12:45 PM
ryan21
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p.1 #11 · 5D II - wrong time to buy it?


I just bought one with the 45tse at B&H because of the promo. I am kinda worried about it being replaced but not too worried. I would go back and do it again if I had to.

R

Sep 08, 2010 at 12:46 PM
yauyi
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p.1 #12 · 5D II - wrong time to buy it?


If you can wait for the 5D3 and don't need the 5D2 right now but have an itch, then get a used 5D2 and sell it later with minimal lost.

Sep 08, 2010 at 12:58 PM
evertdoorn
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p.1 #13 · 5D II - wrong time to buy it?


I'm pretty sure a 5d mk III won't be seen untill 2011

Sep 08, 2010 at 01:14 PM
 



justruss
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p.1 #14 · 5D II - wrong time to buy it?


The general trend, it seems, is that immediately leading up to replacement, the used value of Canon DSLRs drops quickly. This settles down, and then the new camera starts shipping. At this point, the price of the camera that was just replaced sometimes comes back up a bit (the surplus of used cameras on the market dries up, there's no longer any rush to "get it out") and stabilizes for 6 months or so. Then the gradual slide takes over.

When the 5D2 was imminent, I saw a lot of used 5Ds going as low as $1000. When the 5D2 shipped, it seemed that the price of the original 5D bounced back to around 1200. Now we're in the long gradual slide phase, and the 5D is back below $1000 and slowly losing value.

Disclaimer: this is based on observation, not careful collection of data.

Sep 08, 2010 at 01:15 PM
khphotography
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p.1 #15 · 5D II - wrong time to buy it?


The 5D Mark III is not coming out at photokina you can almost certainly know this. I would also anticipate Canon pricing the camera in the $3499 to $3799 bracket. I am quite certain they will attempt to sell both the 5D Mark II and 5D Mark III side by side as the cameras will be fairly different with major improvements. They can't afford to sell the 5D Mark III for anything less or the 1Ds Mark IV will not sell.

Sep 08, 2010 at 01:16 PM
krementz
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p.1 #16 · 5D II - wrong time to buy it?


Unless your business is buying and selling cameras, don't sweat it. Cameras depreciate; in less than a decade every Canon camera you buy will be essentially worthless. IF the 5DII does something you need for taking pictures NOW, buy it. If it doesn't, don't. The 5D still takes great photos, and will even after the 5dIII is released.

For most of us, the biggest gear problem is behind the viewfinder, and nothing from Canon is going to make much difference. If you buy cameras because you enjoy using and having them, then the day-to-day changes in price (not value - it still takes great pictures) are irrelevant.

Sep 08, 2010 at 01:33 PM
jamesf99
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p.1 #17 · 5D II - wrong time to buy it?


khphotography wrote:
The 5D Mark III is not coming out at photokina you can almost certainly know this. I would also anticipate Canon pricing the camera in the $3499 to $3799 bracket. I am quite certain they will attempt to sell both the 5D Mark II and 5D Mark III side by side as the cameras will be fairly different with major improvements. They can't afford to sell the 5D Mark III for anything less or the 1Ds Mark IV will not sell.



There's little doubt in my mind that Canon is going to jack prices, but this could also be a good time to release a decent, non-1-series FF camera - as opposed to the 5d2 which I consider a disappointment due to all the shortcomings.

An oft requested and elusive 3d could incorporate all the features people wanted the 5d2 to have (think 7d features minus the pop-up flash) but Canon will sell it for $5k to $5.5K. The sliding USD is a great excuse for Canon to do this. Sure, people will get ripped off (paying $5k+ for a $2k -$2..5k camera, but at least they don't have to pay the 1 series premium), and we've been over charged for many years, so it's just a couple thousand dollars worse than status quo.

No matter what they do, any way you look at it, it's going going to be ugly from a pricing perspective.

Sep 08, 2010 at 01:55 PM
ChrisDM
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p.1 #18 · 5D II - wrong time to buy it?


Buying a camera to watch the value decrease over time after purchase is a losing game. Buy the camera you need to get the shots you want, and enjoy. The 5D2 is a remarkable value... Reminds me of my wife, we bought our first house last year, and even though we plan on staying here 5-10 years, she looks at market comps every couple weeks to see what vales are doing. Pointless torture.

Sep 08, 2010 at 02:14 PM
sergiodg
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p.1 #19 · 5D II - wrong time to buy it?


@Chris, I can wait.. "I survived" 27 years of IT passion and work, and made the right choice at the right time.. I'm confident this is a point in the market to ask these questions. By sharing the answers I think I'm doing a favour to lots out there who have to make a decision.

Sep 08, 2010 at 02:29 PM
ChrisDM
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p.1 #20 · 5D II - wrong time to buy it?


sergiodg wrote:
@Chris, I can wait.. "I survived" 27 years of IT passion and work, and made the right choice at the right time.. I'm confident this is a point in the market to ask these questions. By sharing the answers I think I'm doing a favour to lots out there who have to make a decision.


Conversely I couldn't stand 3 years in IT, life is too short from my view, so I guess we'll just agree to see things differently.


Sep 08, 2010 at 02:44 PM
n0b0
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p.1 #21 · 5D II - wrong time to buy it?


If you can wait, then wait. There should be a price reduction on 5D2 when Mk3 is out.

Sep 08, 2010 at 02:54 PM
swoop
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p.1 #22 · 5D II - wrong time to buy it?


n0b0 wrote:
If you can wait, then wait. There should be a price reduction on 5D2 when Mk3 is out.



Likely not. The 5D's are brought in at $3500 then go down to about $2500. Which is where Mk2 is now. It won't go any lower and if you want the latest model you'll pay $1000 more.

Sep 08, 2010 at 02:59 PM
photomarvin
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p.1 #23 · 5D II - wrong time to buy it?


If it makes you feel any better I bought mine a month ago...and I wouldn't trade the images I've taken the past month for anything.

Sep 08, 2010 at 03:02 PM
Alan321
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p.1 #24 · 5D II - wrong time to buy it?


I don't know about the US market but here in Oz a camera probably loses a third of its value when you buy it.

The camera is as important as a good lens in my opinion. It controls automated exposure, focus, colour, noise, ergonomics, etc. You're stuck with it until you replace it all - there's no buying a new model sensor like we used to buy a roll of different film. And yet, it depreciates much faster than lenses do and much faster than film cameras used to do.


You have several different ways to approach camera purchases:

1. Get the best you can afford because it's the best, and can appreciate that fact. Wait just long enough for early adopters to prove it is the best and not a lemon. This is the most expensive path. And being the best does not necessarily make it the best for you e.g. if you don't shoot in bad weather and don't shoot moving subjects then do you really need a 1-series body? There's no point wasting money if you can't appreciate having the best. Top of the range models are disproportionately expensive.

2. Stay a model behind the current and know that you've saved a significant amount while still getting good performance, but risk the downsides of buying second-hand. e.g. a 1Ds2 now instead of a 1Ds3.

3. Buy new but one or two models below (not behind) the current best. e.g. a 7D or 5D2 now instead of a 1D4 or 1Ds3. This is the best way to save money provided you can be satisfied with the lesser model. You can afford to give that one away to a new friend and replace it for less cost than most people will lose on their top model in the same period. The image quality will be comparable to that of the top model from just a few years ago.

It used to take a couple of generations before lesser models reached or exceeded the performance of the 1-series models, but now it's less than that. e.g. 5D2 vs 1Ds3 but not so much the 5D vs 1Ds2.

4. Buy a current model second hand if it provides significant savings. Buying a new camera at or near the end of its model run is rarely a good idea if you're still paying top dollar because it will lose value in a shorter time when the replacement is released, and of course you'll miss the features of the replacement model without getting the benefits of having used the older model for a considerable period. Buying a second hand one would not be so bad even late in the production run.


Short of a breakdown, the performance of an old camera never gets any worse as it ages but our perception of its performance does get worse because newer models raise the bar of what is acceptable and what is good. If you can live with that then you don't to update very often and any of the options mentioned above will suffice because in the long term even an expensive camera is cheap in average $ per year. If you can't then you do need to update more frequently and your economic circumstances will direct you to the most appropriate option.


Canon usually announces new models in August/September or February/March each year, give or take. Every second year there is a boost with the bi-annual photokina in September. Buying just before the new models are announced is a dumb idea unless you really can't wait - especially if the model you want is approaching two years old like the 5D2.

- Alan

Sep 08, 2010 at 03:03 PM
scalesusa
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p.1 #25 · 5D II - wrong time to buy it?


I've had mine since the first batch was delivered 20 months ago. I'd like to see a mark III, but its not going to happen until 2011, maybe later. The cameras are selling fast, and there is no competetion, so don't expect a new one soon. Once the 1Ds MK IV is announced, it will be a year to the 5D MK III announcement.

Sep 08, 2010 at 03:05 PM




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