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Thread: Cant understand this 2nd hand market...

  1. #1
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    Default Cant understand this 2nd hand market...

    I can't quite understand the 2nd hand market mentality.

    A new 17-40L costs about $1200 but people will pay $950 for a used one, even without warranty.

    A new 24-70L or 24-105L costs around $2200. Again people are willing to pay as much as $1900.

    The difference of $250 to $300 is so small when you are already paying $950, and even smaller when paying $1900. Why not pay a little bit for a brand new one with warranty? At least if the lens is a dud you can bring it back to Canon.

    Am I missing something here?

    Anyone can enlighten me?


  2. #2

    Default Re: Cant understand this 2nd hand market...

    lens usually no problems one, so if you can save $200-$300 per lens, you buy 3 new can get one free if you buy used. This is singapore mentailty!

    like the Shop and Save ad, 'SAVE SAVE SAVE'!

    i have never encountered problems with lens less than 2 years old, after that problems may surface.
    Last edited by Belle&Sebastain; 25th February 2006 at 03:58 PM.

  3. #3

    Default Re: Cant understand this 2nd hand market...

    tell me, if you are the one selling the lens will you want to sell it lower than the price you stated?

  4. #4

    Default Re: Cant understand this 2nd hand market...

    Everyone perception of value is diferent depending on one's experience and one's lifestyle. In the above example, $250 to $300. To some ppl it is meagre, but to some others, you can actually buy 2 more lens (for eg. 50mm) In term of percentage, the difference is 20% and that's a lot if one's perception of a lens is that there wont be any much difference in quality in a used/new lens.
    Becoz of such situations, that's why you have the secondhand market, the karang guni market, parallel imports, etc... Do you know even if there is a $1 saving, ppl go to the extend of doing things that are not legal, etc... that's life, man!
    always the Light, .... always.

  5. #5

    Default Re: Cant understand this 2nd hand market...

    In your understanding how much do u think 2nd hand 17-40 and 24-70 should be priced at?

  6. #6
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    Default Re: Cant understand this 2nd hand market...

    sherng sherng sherng, ma ma jui bang!!

  7. #7
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    Default Re: Cant understand this 2nd hand market...

    Yes, it's definitely a good point. A buyer who has enough money to buy new, or can afford to wait and save up to get a fresh piece will have no issues with this. It will cost more than buying second-hand, but on the flipside, the risks of getting a lens with hidden flaws, fungus etc is reduced.

    But to those who've had to save up for many years for their first lens, $300 is a lot of money. To put it in perspective, I could've almost bought a grey market 430ex from a seller in the consumers corner.

    In the end, I still prefer to buy new. In life, I always play it safe...when you know luck isn't on your side, it's best not to fool around with it. When we sell our lenses second-hand to someone else, we know it was well taken-care of, and can vouch for its quality. But can the buyer in turn put that trust in us? Maybe. Maybe not.

  8. #8
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    Default Re: Cant understand this 2nd hand market...

    Quote Originally Posted by doug3fflux
    sherng sherng sherng, ma ma jui bang!!
    wonder where the ah ma go....
    Logging Off. "You have 2,631 messages stored, of a total 400 allowed." don't PM me.

  9. #9
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    Default Re: Cant understand this 2nd hand market...

    Quote Originally Posted by Del_CtrlnoAlt
    wonder where the ah ma go....
    ah ma depending on the hai zi to use lenses and bodies to let her an-siang-wan nian...

  10. #10
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    Default Re: Cant understand this 2nd hand market...

    i agree to pay additional to get a new one since the amount u are paying already so much.

  11. #11

    Default Re: Cant understand this 2nd hand market...

    sometimes, saving a little from here and there makes a significant chunk of spare cash....if i can save $200 from buying a used lens, that means that the $200 can be better spent elsewhere, top up petrol, top up transitlink card, buy groceries and essentials....you name it, the possibilities are endless

  12. #12
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    Default Re: Cant understand this 2nd hand market...

    Quote Originally Posted by incognito2
    I can't quite understand the 2nd hand market mentality.

    A new 17-40L costs about $1200 but people will pay $950 for a used one, even without warranty.

    A new 24-70L or 24-105L costs around $2200. Again people are willing to pay as much as $1900.

    The difference of $250 to $300 is so small when you are already paying $950, and even smaller when paying $1900. Why not pay a little bit for a brand new one with warranty? At least if the lens is a dud you can bring it back to Canon.

    Am I missing something here?

    Anyone can enlighten me?
    Becos everyone's perception of the value of money is different?

    Maybe u can spend $20K getting that 1200mm lens instead of the 600mm lens cos the 'difference' is 'merely' like 50%?

    What's $200 or $300 to u maybe a low amount but not to others. Not everyone here's born with a silver spoon in the mouth and living District 7 to overlook 'a couple of hundred bucks' my friend. Be more sensitive to others.
    "Wonders of the Human Mind. Unfathomable to the highest degree."

  13. #13

    Default Re: Cant understand this 2nd hand market...

    anyway, i always believe that:

    price != value, but

    price = perceived value

    so i tink no pt asking the threadstarter.
    Quote Originally Posted by newmemberz
    In your understanding how much do u think 2nd hand 17-40 and 24-70 should be priced at?

  14. #14
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    Default Re: Cant understand this 2nd hand market...

    Agree that lens normally have no prob. Especially for the L side, thats why they still hold their value well. If you are talking about lenses like 28-135mm instead, brand new selling at $880, 2nd hand is almost $500 only. The difference is rather significant!
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  15. #15
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    Default Re: Cant understand this 2nd hand market...

    I think incognito missed another point...

    2nd hand stuff often come with extra like filters, polarisers, hoods(for lenses that don't come with them), etc. Some of these add-ons are pretty costly on their own, like B+W filters.

    Furthermore, some of the lenses, though old in terms of years are still in pretty good condition. Lets face it, in busy Singapore how much time do we have to shoot? Equipment spends most of its time a some dry box.

    So in all there are pretty good deals to be had. When you count the cost of the extras you're saving more than just $200 odd. Just make sure you get a good lens and not a dud!

  16. #16
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    Default Re: Cant understand this 2nd hand market...

    Hi incognito2,

    Where did you find the 24-70L at around $2200? Care to share? Have to been checking around and all are at least >$2300. I hope your $2200 one is not grey market.

    Quote Originally Posted by incognito2
    I can't quite understand the 2nd hand market mentality.

    A new 17-40L costs about $1200 but people will pay $950 for a used one, even without warranty.

    A new 24-70L or 24-105L costs around $2200. Again people are willing to pay as much as $1900.

    The difference of $250 to $300 is so small when you are already paying $950, and even smaller when paying $1900. Why not pay a little bit for a brand new one with warranty? At least if the lens is a dud you can bring it back to Canon.

    Am I missing something here?

    Anyone can enlighten me?


  17. #17

    Default Re: Cant understand this 2nd hand market...

    There r suckers born every minute. That's why someone managed to sell a 16-35 for almost the price of a new one. And his lens is "source unknown" meaning could be 2nd, 3rd or 4th hand... no one knows cos no receipt. For a savings of a hundred or two, I would not wanna risk 2K on a dud. A manufacturer warranty counts for something.

  18. #18

    Default Re: Cant understand this 2nd hand market...

    Well it depends you see, lenses don't depreciate much. So if you buy a second hand you can actually sell it off at the same price that you bought it at. It's lossless equipment purchase. You have to resell and buy often(at least once every 2 years) though.
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  19. #19
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    Default Re: Cant understand this 2nd hand market...

    Haha... wow! What a load of different responses!

    To those who think $200 is a lot... no offence. I never meant to belittle your hard earned money. Just feel that if you get a dud, then the $200 saved will seem a pittance compared to the amount risked.

  20. #20
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    Default Re: Cant understand this 2nd hand market...

    Quote Originally Posted by jsbn
    Becos everyone's perception of the value of money is different?

    Maybe u can spend $20K getting that 1200mm lens instead of the 600mm lens cos the 'difference' is 'merely' like 50%?

    What's $200 or $300 to u maybe a low amount but not to others. Not everyone here's born with a silver spoon in the mouth and living District 7 to overlook 'a couple of hundred bucks' my friend. Be more sensitive to others.
    I dont live in District 7.. neither do i overlook a couple of hundred bucks. Where the heck is district 7 anyway?

    But I will try to be more sensitive to sensitive people....

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