Good place to sell my camera

[tomconte]

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I'm new here. 

 

What's a good place to sell Leica gear (especially an m10)? 

 

Thanks, I appreciate it 

Tom 

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[jaapv]

The classifieds of this forum, a reputed dealer or eBay.

[Herr Barnack]

A Leica dealer will get you the least amount of the three options that jaapv mentioned.  Camera dealers will typically pay 1/2 to 2/3 of what the retail price of what they will sell a used camera or lens for.

Ebay will get you more money (sometimes) but ebay also takes 10% of the final sale price up to a maximum of $750, I believe.  Then PayPal takes 3% for their services.

Sometimes selling direct - as in through the classifieds here - gets the seller the most for their camera or lens.  Just be sure that you know what your camera is worth on the used market first.  Price it fairly and stick to your guns on the price.  Going this route may take a while so patience is important. 

The quicker you want to get your money, the less you will get (unless you are selling off an M10 Monochrome, and anyone who would do that is certifiably insane 😎). 

Speed is costly, patience pays off; that's pretty much the way it works.

Edited February 3, 2020 by Herr Barnack

[lucerne]

39 minutes ago, tomconte said:

I'm new here. 

 

What's a good place to sell Leica gear (especially an m10)? 

 

Thanks, I appreciate it 

Tom 

Plenty of good advice, but it will be helpful to know what country you are in.

[malbeats]

If you use Facebook you could try the Leica Classifieds group

[tomconte]

24 minutes ago, lucerne said:

Plenty of good advice, but it will be helpful to know what country you are in.

US, Atlanta 

 

Thanks

[jaapv]

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48 minutes ago, Herr Barnack said:

A Leica dealer will get you the least amount of the three options that jaapv mentioned.  Camera dealers will typically pay 1/2 to 2/3 of what the retail price of what they will sell a used camera or lens for.

Ebay will get you more money (sometimes) but ebay also takes 10% of the final sale price up to a maximum of $750, I believe.  Then PayPal takes 3% for their services.

Sometimes selling direct - as in through the classifieds here - gets the seller the most for their camera or lens.  Just be sure that you know what your camera is worth on the used market first.  Price it fairly and stick to your guns on the price.  Going this route may take a while so patience is important. 

The quicker you want to get your money, the less you will get (unless you are selling off an M10 Monochrome, and anyone who would do that is certifiably insane 😎). 

Speed is costly, patience pays off; that's pretty much the way it works.

If you sell through a dealer on commission, you usually get more than through a direct sale -  the dealer will take all hassle including guaranty claims, off your hands for his percentage.

[Herr Barnack]

Quote

the dealer will take all hassle including guaranty claims, off your hands for his percentage.

That's true, too.

Quote

Camera dealers will typically pay 1/2 to 2/3 of what the retail price of what they will sell a used camera or lens for.

That seems to be the way it works here in the USA; it may be different across the pond, which would be a good thing for our European based Leica shooting brethren...

Edited February 3, 2020 by Herr Barnack

[LocalHero1953]

As well as dealers that sell on commission, there are several online dealers who will offer you a market price, subject to inspection. They organise shipping and, in one case where I did not accept their revaluation on inspaction, they shipped it back for free as well.

I tested the price once: I was offered £180 for my SF64 flash by one such dealer. I then sold it by auction on ebay for £180!

The advantage, of course, is immediate cash.

Edited February 3, 2020 by LocalHero1953

[Jeff S]

2 hours ago, Herr Barnack said:

A Leica dealer will get you the least amount of the three options that jaapv mentioned.  Camera dealers will typically pay 1/2 to 2/3 of what the retail price of what they will sell a used camera or lens for.

Jeff

A resourceful person won’t just pick a typical dealer; rather they will find a better one for the purpose. PopFlash, for instance, pays 80% (used to be 85% for first 2 weeks), and uses both their own site and eBay listing (higher pricing). The dealer will also cover the cost of ads, offer service and warranty, and handle any returns if buyer is not satisfied.  Pays to do research.... buying vs selling.

Jeff

[tomconte]

7 minutes ago, Jeff S said:

A resourceful person won’t just pick a typical dealer; rather they will find a better one for the purpose. PopFlash, for instance, pays 80% (used to be 85% for first 2 weeks), and uses both their own site and eBay listing (higher pricing). The dealer will also cover the cost of ads, offer service and warranty, and handle any returns if buyer is not satisfied.  Pays to do research.... buying vs selling.

Jeff

 

Jeff, thanks.  PopFlash is a great idea!  I'll reach out to them and see how much they think it would go for.

(FYI, I'm selling because I've "stepped up" to an M10-P.)

Tom

[ravinj]

Since you are in a major metro try local Craigslist too. Have sold 1 M9, 2 M240s, 1 M10, Q, Q2 and several lenses on NYC Craigslist. This is in addition to selling two cars on Craigslist.  A few weeks ago, a gentleman came all the way from Boston to NYC to buy my spare M10. He saw my ad on NY CL. 

Obviously exercise commonsense safety techniques - no meeting in a shady place, no venmo payments, etc. I always meet at trade center that has enough security to stop an army.

Edited February 4, 2020 by ravinj

[RexGig0]

Ebay’s buyer protection rules strongly favor buyers, which can be a bit daunting, for someone wishing to sell a camera, especially an expensive camera in excellent condition.

[dkmoore]

Selling on eBay gets you the most money for your item. Start a store for $37 and 10 minutes time. Cancel store after you sell item. The maximum fee is $250 not including PayPal. 
 

Say you sell M10 for $5k. You pay $150 PayPal fee and $250 seller fee so $400 total costs and $4600 to you. 
 

If you sell via pop flash you will only get $4000. 
 

if you provide clear detail and you set your standard to not sell to anyone with less than 5 purchases and perfect feedback (takes 2 min) you will not have any issue selling. 
 

I have sold over $100k worth of Leica gear on eBay following the above steps and have not had a single issue. 
 

I do agree that Popflash is a good idea for peace of mind but really the risk with eBay is not as bad as most state, otherwise I assure you eBay wouldn’t be around any longer.  
 

Good luck with whichever method you choose. 

Edited February 5, 2020 by dkmoore

[dkmoore]

53 minutes ago, RexGig0 said:

Ebay’s buyer protection rules strongly favor buyers, which can be a bit daunting, for someone wishing to sell a camera, especially an expensive camera in excellent condition.

If you are incredibly detailed and post pictures you will have zero issues. 
 

The listings that typically have trouble are those that go something like this: 

“for sale is my m10 in excellent condition. Low shutter actuations and everything works. Item is used.”

there are so many posts like this and it is no surprise they have issues. 

[bags27]

If you want to exchange gear, I like Miami Leica. They give you 80% of what they deem resale to be as credit toward a purchase (70% if you sell rather than exchange). It may not be top price, but they're incredibly good and easy to work with. They will give you an estimate of resale just by filling out an on-line form and sending them a picture or two.

[dkmoore]

11 hours ago, bags27 said:

If you want to exchange gear, I like Miami Leica. They give you 80% of what they deem resale to be as credit toward a purchase (70% if you sell rather than exchange). It may not be top price, but they're incredibly good and easy to work with. They will give you an estimate of resale just by filling out an on-line form and sending them a picture or two.

I’ve done this a few times without a single issue. Josh and crew are fantastic. This is definitely the best option if you want other Leica equipment, rather than cash. 

[earleygallery]

Every method carries a level or risk. We have all heard about ebay scammers but I've not had a problem in all the years I've used them - never agree a deal outside of ebay and follow their rules in the event of any kind of dispute. I will always offer to take returns if the buyer isn't happy, which I'm sure also results in a higher price if it's an auction item. 

Selling on commission is fine, but there have been cases where the shop has gone bust and getting your property back becomes a battle with whoever has taken control of the premises. This also affected people when Jessops went bust who were due to collect items being held for them or in for repairs.

Private sales are basically ebay but on a more local basis. The same rules apply although you wouldn't expect to take a return if the buyer comes to purchase in person and checks it out first. Just make sure you have cleared funds in your account before letting the camera go (bearing in mind that fraudulent payments can be reversed by the bank). Cash is good but maybe meet at a bank and get them to deposit it into your account there and then (avoids the risk of accepting dodgy notes too!). 

Selling to a dealer is the easy option but also likely to provide the least return. Again I'd want proof of payment before leaving my camera behind, for total peace of mind.

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[farnz]

15 hours ago, dkmoore said:

Selling on eBay gets you the most money for your item. Start a store for $37 and 10 minutes time.

What is the benefit of setting up a store - are ebay's fees less or waived - or is it just to appear more appealing to potential buyers?

Pete.

[Peter Kilmister]

34 minutes ago, earleygallery said:

maybe meet at a bank and get them to deposit it into your account there and then (avoids the risk of accepting dodgy notes too!). 

When I bought my M10-P the seller and I met inside a bank. Banks have CCTV cameras which makes them secure places to conduct business. I was able to inspect and try out the camera and then I transferred the money. 

Later, when I sold my M240-P, I tried the LUF classified section without success. So I sold it via eBay.

However, LUF Classified was successful when I sold an M240. The cost is minimal compared to eBay.