How to depreciate a camera to sell privately

9 years 9 months ago #390051 by Connie K Photos
Aside of checking on Craigslist to see what others are selling the same camera, how do you determine a rightful and fair amount of depreciation for your camera that you want to sell?  


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9 years 9 months ago #390068 by ubookoo
I am going out on a limb here, but I don't believe "depreciation" is as important as to what people are currently paying for the same or like item. The true value is really what the marketplace is willing to pay rather than determining value through depreciation. I do understand that there are overall factors such as condition which impact value as well but whenever I sell something I go to Ebay first and see what price range my item is currently selling at given like condition, model, age, etc. Then I determine my value. Just my thoughts...


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9 years 9 months ago #390072 by John Landolfi
+1


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9 years 9 months ago #390092 by garyrhook
The term depreciation applies for most items, so it's not clear there's a problem with using it.

eBay is a fine metric, but you don't look at what the offering prices are, you look at the sales prices, and consider geographic region, shipping, etc. It's good to get you in a ballpark.

Watch CL to see if anything comparable goes by, and what the asking price is.  Contact KEH to get a quote for your equipment (although that will be low; they have to make money).

In short, some basic observation on the web will tell you all you need to know about a fair resale price. eBay is not out of bounds, but it's not the only place to look.


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9 years 9 months ago #390109 by Joves
Personally I will just look on KEH, B&H, and Adorama, and see what they are selling the same condition item for. Although with KEH you have to remember that they are the most conservative condition wise in the grading, and pricing. So what you may consider in great shape with them will most likely not be the same with them. The other two are reputable and accurate, but not as stringent.


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9 years 9 months ago #390252 by Jackson Rieger
All sound advice :goodpost:


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9 years 9 months ago #390263 by effron

Joves wrote: Personally I will just look on KEH, B&H, and Adorama, and see what they are selling the same condition item for. Although with KEH you have to remember that they are the most conservative condition wise in the grading, and pricing. So what you may consider in great shape with them will most likely not be the same with them. The other two are reputable and accurate, but not as stringent.


Agree 100%. I gave up on fleabay a long time ago......:(

Why so serious?
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9 years 9 months ago #390298 by Moe
Do a search on Craigslist for what you are trying to sell, this will help you see whats a good price to ask


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9 years 9 months ago #390300 by MajorMagee
Retail prices typically drop at a rate of 1% per week. If you're above that on most cameras then you're above the price of a new one (assuming the same model is still for sale).


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9 years 8 months ago #390351 by Connie K Photos

MajorMagee wrote: Retail prices typically drop at a rate of 1% per week. If you're above that on most cameras then you're above the price of a new one (assuming the same model is still for sale).


At what point those this slow down?  At this rate in a 100 weeks or just under 2 years, it would have depreciated to $0?


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9 years 8 months ago #390354 by garyrhook

Connie K Photos wrote:

MajorMagee wrote: Retail prices typically drop at a rate of 1% per week. If you're above that on most cameras then you're above the price of a new one (assuming the same model is still for sale).


At what point those this slow down?  At this rate in a 100 weeks or just under 2 years, it would have depreciated to $0?


I don't believe that there's a "rule" for retail prices. And for cameras in particular, many of them do not change over time; they simply get adjusted when new models appear. This seems to be especially true for the higher-end equipment.


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9 years 8 months ago #390362 by Connie K Photos
Gotcha ;)


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9 years 8 months ago #390475 by Studio Queen

effron wrote:

Joves wrote: Personally I will just look on KEH, B&H, and Adorama, and see what they are selling the same condition item for. Although with KEH you have to remember that they are the most conservative condition wise in the grading, and pricing. So what you may consider in great shape with them will most likely not be the same with them. The other two are reputable and accurate, but not as stringent.


Agree 100%. I gave up on fleabay a long time ago......:(



That makes two of us!


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9 years 8 months ago #390685 by Kenta
Sell your camera in Brazil for top money.  We have Americans always selling their stuff down here.


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9 years 8 months ago #390778 by Connie K Photos
Thanks again :thumbsup:


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