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The lounge Relax, take a break from photo and camera talk - have a chat about something else for a change. Just keep it clean and polite!

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  #1  
Old 26th May 2013
mike_j
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What will you pay for second hand?

I noticed a 'mint' M.Zuiko 60mm Macro on ebay and put in an early bid of 301 knowing that I wouldn't be around when the auction ended. As it turned out I was outbid at 311 which isn't too bad a price, Cameraworld price is 369.

But it made me think - what is the maximum you would pay for a second hand item as a percentage of new price - assuming that the item is readily available and current? Bearing in mind the lack of warranty and taking the word 'mint' with a pinch of salt on ebay (I would probably be more trusting on this forum knowing the reputation of some members) I would look for a minimum of 25% off new price.

What does the team think?
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Old 26th May 2013
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Re: What will you pay for second hand?

My general rule is a second hand item is worth about 50% of new price.

There are a couple of exceptions to this sule.
1: When I want one they turn out to be really rare so I have to pay more
2: If I am trying to sell it there are lots of them around so it goes cheap as chips.
3: If it's on ebay and I've just missed three previous examples I end up paying 110% of new price...

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Old 26th May 2013
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Re: What will you pay for second hand?

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Originally Posted by snaarman View Post
My general rule is a second hand item is worth about 50% of new price.
I agree.

Also I wouldn't buy anything secondhand, without warranty, of significant value, from an unknown seller on an auction site.
Too risky IMHO.

Buying from a member on here is a different matter.

Regards.
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Old 26th May 2013
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Re: What will you pay for second hand?

I think the previous posted are spot on.

Items that are current even in mint condition I would be looking at 25% off minimum to make it worth while.

I would also go for buying / selling on a specialist forum rather than ebay as in my experience forum users are often much more sympathetic on equipment , describe it accurately and are identifiable in a way that ebay users are not.

From a sellers perspective, forums are better as the users are knowledgeable and have a good idea what the going rate is for things and are prepared to "come and go a bit" in a good natured way

Mind you if it's an item that's rare and hard to get hold of then you try and get it when you can and pay what you think it's worth !

regards Allister
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Old 26th May 2013
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Re: What will you pay for second hand?

I use as rule of thumb, 50% if current, no more than 70% if mint. With rarer items I set what it is worth to me and never, ever go above that figure. I am sure, sometimes, that prices get bumped on Auction sites, amazing how an item that has no bids for 6 days suddenly get lots of bids if I bid first.
The forum, of course, is different ! Knowledgable people buying and selling cared for items, never been let down yet!
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Old 26th May 2013
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Re: What will you pay for second hand?

All the items I want are so rare you'd probably only find a copy every year or so. Which means they're collectors items so you don't see cheap, user copies.
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Old 26th May 2013
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Re: What will you pay for second hand?

Prices on eBay vary considerably. At the moment the 45mm f/1.8 is selling at prices upto the same as from Amazon, etc..

On avarage they go for 15% to 20% below retail.

I normally buy s/hand only when it reaches 50% of retail, but by that time most things are fairly old.

Waiting for new models and buying the out of date model often works well.

I got a new XZ-1, a few days after they launched the XZ-2 for about 60% of retail price.

A lot is down to luck in spotting the good buys

Have fun...
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Old 27th May 2013
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Re: What will you pay for second hand?

agree with the above although my ebay lens purchases have been as good as the transactions on here.

I have always bought expensive items from sellers within an hours drive and done the deal in cash having had a look at the item, this takes some of the risk out.
I can't remember how much I paid for the 50-200 i drove to Nottingham for but it was a steal having never been out of his house (insurance replacement that he didn't use as switched system)

If you are patient there are bargains to be had
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Old 27th May 2013
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Re: What will you pay for second hand?

I don't have a formula - that's too complicated for my simple mind. If I want to buy something, and I can afford it, and I don't think I'm being ripped off (I'm often wrong about that at least), then I'll pay. I'm not worried about saving or losing the odd tenner or so. Swings and roundabouts.
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