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Author Topic: Lens Price Increases Taking Affect  (Read 15181 times)

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Re: Lens Price Increases Taking Affect
« Reply #15 on: February 14, 2011, 11:15:49 AM »
Prices go up amd up.  Own a L lens for 5 years, and as long as it is a popular one still inproduction, you can likely sell it for what you orginally paid. 

Its not free, but it is different from a body which will decline in price a large amount over five years.

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Re: Lens Price Increases Taking Affect
« Reply #15 on: February 14, 2011, 11:15:49 AM »

cheeseheadsaint

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Re: Lens Price Increases Taking Affect
« Reply #16 on: February 27, 2011, 05:59:46 PM »
I wanted to get the 50mm f/1.8 and I remembered several days ago seeing the recommended retail price be $100. Now I see it has been increased by 25 dollars or so. Some day I want to get a longer tele and I've been holding off because I am just a hobbyist and I am hoping for a price drop(sounds like a hopeless dream).

Better to buy now or wait?
Canon Rebel XSi, kit lens, 50mm f1.8, ef-s 55-250mm IS, EF 70-200mm f/2.8L IS II, 6D

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Re: Lens Price Increases Taking Affect
« Reply #17 on: February 27, 2011, 07:08:09 PM »
I wanted to get the 50mm f/1.8 and I remembered several days ago seeing the recommended retail price be $100. Now I see it has been increased by 25 dollars or so. Some day I want to get a longer tele and I've been holding off because I am just a hobbyist and I am hoping for a price drop(sounds like a hopeless dream).

Better to buy now or wait?

A few years back, the 50mm f/1.8 was $79.  Now, the big online retailers list it at $119.  Quite a jump.  Used ones go for $80 and up.

Flake

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Re: Lens Price Increases Taking Affect
« Reply #18 on: February 28, 2011, 05:15:59 AM »
I could sell nearly every one of my lenses for more than I bought them for!  Canon have been pushing prices ever since it realised that sales were relatively unaffected by the cost when it raised prices the first time because of exchange rates.

Now we see Canon looking for nearly 30% increase in profits from a world market which is in recession, there is only one way that they can realise that because it's not going to come from volume, they're going to be reaching into our pockets for it.

I have more of less all the lenses I need or want at the moment so I'm going to hold off buying and in my own small way make a little stand against the corporate machine.  If everyone else did the same Canon would soon realise they've killed the golden goose.

motorhead

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Re: Lens Price Increases Taking Affect
« Reply #19 on: February 28, 2011, 09:21:57 AM »
I'm less convinced that lenses retain their resale value. I'm considering swopping my existing EF70-200 f/2.8L for the new mark 2 IS version and have been only been offered a low £410.

The problem is probably due to the very lens I'm thinking of buying. When a better lens appears, however good they are the previous version (or in the case of the 70-200, versions) must be devalued.

My non IS f/2.8 version cost £936 in November 2005, so it's dropped 56% in that time. That's despite still being in excellent condition.

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Re: Lens Price Increases Taking Affect
« Reply #20 on: February 28, 2011, 12:34:16 PM »
I'm less convinced that lenses retain their resale value. I'm considering swopping my existing EF70-200 f/2.8L for the new mark 2 IS version and have been only been offered a low £410.

The problem is probably due to the very lens I'm thinking of buying. When a better lens appears, however good they are the previous version (or in the case of the 70-200, versions) must be devalued.

My non IS f/2.8 version cost £936 in November 2005, so it's dropped 56% in that time. That's despite still being in excellent condition.

They hold their value pretty well, when sold on the private market, such as ebay or Craigslist.  However, if you want to trade it in to a dealer, they will need to mark it up when they go to sell it, so you will get a lot less, probably 50% of its value.


IWLP

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Re: Lens Price Increases Taking Affect
« Reply #21 on: February 28, 2011, 12:52:01 PM »
I'm less convinced that lenses retain their resale value. I'm considering swopping my existing EF70-200 f/2.8L for the new mark 2 IS version and have been only been offered a low £410.

The problem is probably due to the very lens I'm thinking of buying. When a better lens appears, however good they are the previous version (or in the case of the 70-200, versions) must be devalued.

My non IS f/2.8 version cost £936 in November 2005, so it's dropped 56% in that time. That's despite still being in excellent condition.

Wow, I wish I could find one that inexpensively.

I'm debating the Mk. II version, but now I have a wife who needs convincing.  I suppose I shouldn't sit on the sidelines, or I'll get priced out entirely (See: My experience with Gibson Les Pauls).
I'm *this* close to switching to Nikon! I swear - I'll do it! Maybe next month, or in a week, or when they release the D ... oh, look a shiny thing!

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Re: Lens Price Increases Taking Affect
« Reply #21 on: February 28, 2011, 12:52:01 PM »

motorhead

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Re: Lens Price Increases Taking Affect
« Reply #22 on: February 28, 2011, 01:59:15 PM »
IWLP,

Once the lens has the dealers mark up wacked on you'd be right. Probably doubles the £410 as a minimum. But a reputable reseller would be expected to offer a warranty period and I would hazard a guess that they buy insurance to cover it. Then again most shops have masses of used kit that just sits there, not selling - which is money not working.

But it is annoying. Especially as I have always been very careful with my kit, keeping all the boxes, instructions etc and barring accidents making sure I never put a mark on them.

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Re: Lens Price Increases Taking Affect
« Reply #23 on: February 28, 2011, 03:11:38 PM »
IWLP,

Once the lens has the dealers mark up wacked on you'd be right. Probably doubles the £410 as a minimum. But a reputable reseller would be expected to offer a warranty period and I would hazard a guess that they buy insurance to cover it. Then again most shops have masses of used kit that just sits there, not selling - which is money not working.

But it is annoying. Especially as I have always been very careful with my kit, keeping all the boxes, instructions etc and barring accidents making sure I never put a mark on them.

Yes, it is annoying.  Many people use Craigslist.  Dealers around here give the traditional 10 ft or 10 minute warranty.  It is also void once you leave the store.  I've yet to hear of a private party purchasing a warranty to provide with a used lens.  They usually offer it for a little less than store prices, and the buyer can meet you and try it out.

List it on Craigslist, or on ebay if you want the best price.  I'm not sure if there is a local blog like Fred Miranda to list cameras on, but ask around, A local Photography club might also be a good place to sell it.

Flake

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Re: Lens Price Increases Taking Affect
« Reply #24 on: February 28, 2011, 05:18:11 PM »
IWLP,

Once the lens has the dealers mark up wacked on you'd be right. Probably doubles the £410 as a minimum. But a reputable reseller would be expected to offer a warranty period and I would hazard a guess that they buy insurance to cover it. Then again most shops have masses of used kit that just sits there, not selling - which is money not working.

But it is annoying. Especially as I have always been very careful with my kit, keeping all the boxes, instructions etc and barring accidents making sure I never put a mark on them.

Quick check on Ebay for the last month shows them fetching about £740 in good condition of course you have to pat Ebays monsterous charges but they max out at £40 then there's Paypals 4% as well.  I don't think Craigslist is very active in the UK, some of the mags used to have some classifieds.  £410 is very low though, I'd be loathe to let it go for that amount.

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Re: Lens Price Increases Taking Affect
« Reply #24 on: February 28, 2011, 05:18:11 PM »