Holding the value

[clasami]

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Leica cameras are known for holding their value. Does that only apply to the M line? MPB currently offers only €2.900 for the Q2 in mint condition (but sells them at €4.500!). Most offers fpr private sale are at around €3.500. A used Fuji X100V has more value used than new!

[Voxen]

Value is relative.

The Fuji X100V used price skyrocket only because it is very hard to get one new, and also because there is an insane hype around it.

Leica Q2 is now outdated by Leica Q3. Because it is a Leica it holds quite good value, but you can hardly expect to sell it more than 70-80% of its price new, and only if it is in very good condition.

[clasami]

vor 2 Minuten schrieb Voxen:

Value is relative.

The Fuji X100V used price skyrocket only because it is very hard to get one new, and also because there is an insane hype around it.

Leica Q2 is now outdated by Leica Q3. Because it is a Leica it holds quite good value, but you can hardly expect to sell it more than 70-80% of its price new, and only if it is in very good condition.

There were times when a used Q2 sold for €4.500 to €5.000 in mint condition. I find the loss of value after the launch of the Q3 remarkable. Could be that after some time and the initial sell off things change.

[liggy]

Digital cameras as a rule are not investments.  

And businesses have to buy low and sell higher in order to remain in business.  You want to minimize your risk?  Sell to a reseller.  

Maximize your sale price and take a risk - sell privately.  Pretty simple.

The X100V is an exception to this for the reasons mentioned above. 

[clasami]

vor einer Stunde schrieb liggy:

Digital cameras as a rule are not investments.  

And businesses have to buy low and sell higher in order to remain in business.  You want to minimize your risk?  Sell to a reseller.  

Maximize your sale price and take a risk - sell privately.  Pretty simple.

The X100V is an exception to this for the reasons mentioned above. 

Been using MPB for years and sold as well as bought equipment worth tens of thousands - the spread they currently have on the Q2 is exceptional! While I am not expecting to make a profit when selling used gear, I know that in the past Leica was holding their value better.

[bobtodrick]

I purchased my Q used in 2016 for $3800 CDN (Canadian).

They are selling for $4300 CDN on the 'net at the moment. 

So I've used it for six years, put 100,000 frames on it and could get what I paid.

Not many cameras out there will do that.

[Guest]

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1 hour ago, bobtodrick said:

I purchased my Q used in 2016 for $3800 CDN (Canadian).

They are selling for $4300 CDN on the 'net at the moment. 

So I've used it for six years, put 100,000 frames on it and could get what I paid.

Not many cameras out there will do that.

And that's the right way to work out the value!

To those complaining about Q2 resale prices...It's foolish to have a nearly new Q2 and expect to recoup 90% of the cost when you sell it. It's not as if they are difficult to find! Keep it for 6 years, don't buy a Q3, and you'll find that it has not cost you very much over that period of ownership.

Nothing has an intrinsic resale value. It only depends on what people are willing to pay. I picked up a Fuji x100V a couple of months ago. Used it for a month and sold it for a 50% profit. Not a better camera than a Q2, but a camera that people can't get hold of and really want (for whatever reason).

[Miltz]

12 hours ago, clasami said:

Leica cameras are known for holding their value. Does that only apply to the M line? MPB currently offers only €2.900 for the Q2 in mint condition (but sells them at €4.500!). Most offers fpr private sale are at around €3.500. A used Fuji X100V has more value used than new!

First, the Fuji X100V is sold out everywhere and nearly impossible to find. You can find a Leica Q2 new and used all over the place. 
Second, when you sell stuff to a retailer or company who plans to resell it, they need to turn a profit, obviously. You’ll never get the amount that you would get in a private sale. It’s been this way forever. It has nothing to do with Leica itself. 

 

 

 

 

[Phil75]

vor 12 Stunden schrieb clasami:

Leica cameras are known for holding their value. Does that only apply to the M line? MPB currently offers only €2.900 for the Q2 in mint condition (but sells them at €4.500!). Most offers fpr private sale are at around €3.500. A used Fuji X100V has more value used than new!

You can get a new Q2 from authorized dealers now from 4,990 € in DE, consequently 4.5k for a mint one from a dealer is reasonable. Early adpoters have to live with the fact that they burn around 30-40% of their "investment".

[clasami]

vor 7 Stunden schrieb Phil75:

You can get a new Q2 from authorized dealers now from 4,990 € in DE, consequently 4.5k for a mint one from a dealer is reasonable. Early adpoters have to live with the fact that they burn around 30-40% of their "investment".

4.5K is reasonable. But not if you offer 2.9K on purchase. That spread is much bigger than anything I have seen before at MPB. Anyhow: The gosple was that Leica holds its value. The Q2 doesn't.

[Voxen]

Leica lenses hold value, the bodies much less. Everybody know that a digital camera is full of electronics which will fail and die at some point, so this is not an investment for life.

The Q has a fixed lens that follows the body to the grave, that’s why it is not holding its value as much as a stellar 10 years old lens.

Edited September 16, 2023 by Voxen

[Voxen]

11 hours ago, bobtodrick said:

I purchased my Q used in 2016 for $3800 CDN (Canadian).

They are selling for $4300 CDN on the 'net at the moment. 

So I've used it for six years, put 100,000 frames on it and could get what I paid.

Not many cameras out there will do that.

You were lucky enough that Q2 price raised a lot over time, that’s why you can resell your camera with profit.

It doesn’t happen so often in the industry. If Q3 follows the same way, those who purchased it new this year can expect a quite good resell value when Q4 is out.

[Guest]

35 minutes ago, clasami said:

4.5K is reasonable. But not if you offer 2.9K on purchase. That spread is much bigger than anything I have seen before at MPB. Anyhow: The gosple was that Leica holds its value. The Q2 doesn't.

This is not unique to the Q2.

Currently MPB are offering £4650 for a "new" M11. Their sell price is £ 6829. So their purchase price is 68% of selling

For your example of a Q2 being sold to MPB at €2900 on a purchase price of  €4500 that would be 64%

Almost the same!

You really have to do the maths properly before broadcasting all the doom and gloom!

[clasami]

vor 49 Minuten schrieb Voxen:

You were lucky enough that Q2 price raised a lot over time, that’s why you can resell your camera with profit.

It doesn’t happen so often in the industry. If Q3 follows the same way, those who purchased it new this year can expect a quite good resell value when Q4 is out.

Don't want to mak e aprofit. Just saying that the "Leica holds its value" doesn't apply to the Q2.

[clasami]

vor 48 Minuten schrieb Corius:

This is not unique to the Q2.

Currently MPB are offering £4650 for a "new" M11. Their sell price is £ 6829. So their purchase price is 68% of selling

For your example of a Q2 being sold to MPB at €2900 on a purchase price of  €4500 that would be 64%

Almost the same!

You really have to do the maths properly before broadcasting all the doom and gloom!

Done the maths. And they don't align with the "Leica holds its value" myth. Do doom and gloom. Just an observation.

[Derbyshire Man]

Is there a classified on here? I'm considering a Q2M purchase* but hate paying middle men like eBay 15% let alone those MPB spreads which are essentially daylight robbery. I like synths and make most of my purchases/sales from enthusiast forums where one can see the track record of the seller/purchaser and all is in the open.

 

*Not in any rush just window shopping currently.

[Derbyshire Man]

15 minutes ago, Derbyshire Man said:

Is there a classified on here? I'm considering a Q2M purchase* but hate paying middle men like eBay 15% let alone those MPB spreads which are essentially daylight robbery. I like synths and make most of my purchases/sales from enthusiast forums where one can see the track record of the seller/purchaser and all is in the open.

 

*Not in any rush just window shopping currently.

OK, now found the classifieds! <blushes>

[Cattoo]

15 hours ago, Corius said:

Nothing has an intrinsic resale value. It only depends on what people are willing to pay.

Something I learned in Econ 101 my freshman year in college.  If only this were more widely understood ...

[bobtodrick]

I’m really not concerned…I buy my cameras to USE…not really worry about their resale value when the next wunderkind is introduced 😂

But I’m like this with everything…my 15 year old Acura gets me around just fine and is dependable…and costs me nothing other than gas and routine maintenance.

The benefit of this…I have enough in the bank that the current tough financial times aren’t affecting me at all.

Just sayin’!!

Edited September 16, 2023 by bobtodrick

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Hallo,

Look here: Leica Q

[pcgarner]

38 minutes ago, bobtodrick said:

I’m really not concerned…I buy my cameras to USE…not really worry about their resale value when the next wunderkind is introduced 😂

But I’m like this with everything…my 15 year old Acura gets me around just fine and is dependable…and costs me nothing other than gas and routine maintenance.

The benefit of this…I have enough in the bank that the current tough financial times aren’t affecting me at all.

Just sayin’!!

Yes, I watched this thread unfold, somewhat amazed that anyone would even consider resale value.