Archived posting to the Leica Users Group, 2010/04/10
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]The one argument I always use (and recently used to help convince a friend to buy into a D700) is to think of a camera as an investment. Traditionally, we think of a camera purchase only in terms of capital gains (buy for $7,000, sell for a loss). But the reality, is that every photograph is a dividend and whether financial (sell the photographs) or sentimental, it has utility. Using Frank's assumptions, we might buy an M9 in October for $6,160 ( $7,000 * 1.1 * 0.80), for a savings of $840 over buying one immediately. Except, consider the stream of dividends we'd be making between now and then. The hypothetical question: would you permanently erase all of your images taken in the last 6 months in return for $840? Do you have growing kids? Go to special events? That makes the images even more priceless. (Of course, this is not a perfectly fair proposition because of substitution (we all own cameras, and would be making images with our next best gear.) ) But the dividend rationale has brought me back to the buying counter for 20 years. -rei On 04/10/2010 09:48 AM, Frank Filippone wrote: > Some dealers are getting a premium on the M9 right now because of the pent > up demand..... The theory of.... > I WANT IT NOW! > > There are a lot of buyers out there that just want what is the newest... > and > second newest is not good enough. With sufficient cash, they swap cameras > ( > or camera systems). > > The camera is now $7K new. By fall, it will rise another 10%.... say $8K > in > round numbers. > > By Fall, the backlog will be fulfilled. > > If you go to a dealer and try to trade in your camera, they may give you > 50% > of resale ..... maybe less. > > Taking 20% less than you paid in a private sale, seems a bargain compared > to > what the dealer would pay you...... > > I would expect a used M9 right now would sell for $6K, if it were not for > the unsatisfied demand...... > > If you would like to see this in action, look at the price of the newer > Leica Lenses...... Summarits, 75 Summicrons, Summiluxes , etc....... > > Frank Filippone > red735i at earthlink.net > > > i see them selling 'new' cameras and lenses on ebay for buy-it-now prices > more than b+h or adorama lists the product at. and presumably somebody is > dumb enough to buy them or it wouldn't happen. nobody in october is going > to > be thinking ok don't want it so i'll be fine with a $1300 to $1800 loss on > it. > > > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >