Dealers Not Taking The M8 in PX any more???

[bideford]

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Just noticed a link on the bottom of this page to an M8.2 on (US) ebay - currently £1200 - 21 bids with over 5 days to go.

 

Just goes to confirm that the market place dictates the price.......

 

I only posted originally to reply to the OP on dealer sales - time I left the chatter on prices to others!

 

I'm gone.

[ErikP]

My Leica dealer offered for my mint M8 (<5000 att) 900 Euro' date=' which I friendly declined:D

Decided to sell it here in the small adds, and it was gone already within a few hours after I placed the advertisement for 1600 Euro!

 

gr

 

John[/quote']

 

My Leica dealer offered me approx 1100 Euro for my mint M8 if I bought a new M

[vmlopes]

I personally feel that the going rate for an M8 should now be about £800-£1K. I know of a dealer with an M8 for £1100 and it's been for sale for a while now with no takers.

 

Plenty of London dealers selling M8's for up to £1400 !!!

[bill]

...selling M8's for up to £1400 !!!

 

At the risk of being pedantic, they are "offering" not necessarily "selling" at those prices. hope is not a strategy.

 

Regards,

 

Bill

 

Sent from another Galaxy

[stunsworth]

Yes, part exchange harks back to an era before the internet when it was far more of a hassle to find a buyer for used equipment. Whatever a dealer offers you for a camera you will almost certainly get a better price advertising it here or on eBay.

 

I agree, but I prefer to sell stuff through a dealer on commision. The commision fees are likely to be less than the eBay/Paypal fees, and more importantly you avoid the tyre kickers/scammers.

[wattsy]

I agree, but I prefer to sell stuff through a dealer on commision. The commision fees are likely to be less than the eBay/Paypal fees, and more importantly you avoid the tyre kickers/scammers.

 

I don't use eBay for selling anything more valuable than a used Mac nowadays because of the insistence of using Paypal (and the associated risk of chargebacks, etc.) but I'm not sure I agree about the relative costs. Dealer commission is typically 20% whilst eBay is 10% (up to a maximum of £75) plus 3% Paypal. If its Leica stuff I sell it via the classifieds here or at Getdpi and I tend to think those avenues provide the best return by far.

[Peter H]

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There's also this consideration, that using a dealer helps keep the dealer in business.

 

I consider this to be greatly to my benefit, because I get great and valuable service from the few dealers I use, and its worth paying a few pounds for, if indeed it does cost me a few pounds, which is not always the case anyway.

[jpattison]

whilst eBay is 10% (up to a maximum of £75) plus 3% Paypal.

 

Problem is that advertising fees, selling fees (based on final price) and then paypal fees (including a percentage out of the postage) now add up to around 25% of the sale price of a decent lens or body.

 

John

[wattsy]

Problem is that advertising fees, selling fees (based on final price) and then paypal fees (including a percentage out of the postage) now add up to around 25% of the sale price of a decent lens or body.

 

I'm not sure how you have worked that out John but for selling something like an M8 (which is what the thread is about) the total costs going the eBay route is much less than 25%. The listing fee is about a quid, the final value fee is a maximum of £75 and the paypal fee is something like 3.5%. For a £1000 ending price plus say £25 postage, the fees total approx. 10% of the selling price.

[masjah]

It is indeed the dealer's privelege whether or not to offer part-exchange at all. For a dealer the writing is on the wall when any significant replacement parts cease to be available, so that he cannot honour the warranty (even if only three months) economically. This is the situation now with the M8. It's not the only example. One dealer I know will not take in a DMR to resell for exactly this reason, and I can't say I blame him.

[pgk]

Any digital camera suffers from reduced value as it ages. Add to this the decreased saleability and increased risk of faults/problems, and its clear that at some point the market price hits a point at which 'profitability of any p/ex valuation for a realistic resale price' versus 'potential cost of any repair needed' (high for the Leica M) narrows to the point of no return. In the M8's case this will be at a relatively high value because repairs are potentially very costly. I'm not surprised that some dealers are reticent to take an M8 in p/ex.

 

However many dealers will sell on the web (using their credibility as a dealer) via auction sites or with a reduced warranty (short fixed period return for full refund) on behalf of their customers, and this will usually still provide a good price. If one dealer won't do this as an alternative to p/ex then look around because others certainly will.

[Photoskeptic]

Due to the economics affecting older digital camera bodies you are better off keeping your M8/M8.2 and using it til it croaks.