How to determine a fair value of a used lens


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firstmoon

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Dec 9, 2003
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fellow clubsnappers,

is there a way or guideline to determine a fair value of a used lens? what is actually the expected life time of a lens? (we know for example how to calc depreciation or a fair price of a used car ...)

how much depreciation should we take into consideration after the 1st year, 2nd year, etc? let's say, for argument sake, the lens is in good optical and cosmetic condition ...

appreciate your thoughts, helps and guides. cheers.
 

clive

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Oct 9, 2002
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usually it will stay close with the typical values that u see all over the place. theres actually no need to engage in detailed calculations
 

Ian

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Feb 20, 2002
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#3
firstmoon said:
fellow clubsnappers,

is there a way or guideline to determine a fair value of a used lens? what is actually the expected life time of a lens? (we know for example how to calc depreciation or a fair price of a used car ...)

how much depreciation should we take into consideration after the 1st year, 2nd year, etc? let's say, for argument sake, the lens is in good optical and cosmetic condition ...

appreciate your thoughts, helps and guides. cheers.
In business yes there are methods used to calculate the depreciation of photographic equipment. In professional photography the expected lifetime of a lens varies somewhat depending on it's end use (eg studio, large format studio, field, warzone photojournalism, general press work etc). The actual 'life of a lens in a legal tax depreciation sense also varies from country to country.

A good idea however can usually be found by finding out the frequency with which the local police photographic unit replaces their equipment and by asking local professional photographers. Here in Perth (Australia) the replacement life is based on a working life of between 8 and 10 years depending on the lens and camera.

In reality there are lenses of over 100 years old still in daily use in studios worldwide.
 

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