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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

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