Hi all,
This is an attemp to propose a guideline for the pricing of lens in the secondary market.
The objective is to give buyers and sellers a rough benchmark of how much to sell or to buy.
It is not perfect but I hope it can serve as a generic guide. Comments and fine-tuning are most welcome.
The guide is based on a $1,250 price range.
1) Formulae
Suggested price = Current Market Price of a New Non-grey Set x Discount Applicable
2) Determination of Current Market Price
Current market price should be based on a non-grey set and using an average of CP and AP as a benchmark. The formulae is applicable to a non-grey set and grey set.
3) Discount Applicable
Less than 6 mths = -15%
Between 7mths to 12mths = -20%
Between 13mths to 24mths = -25%
Between 25mths to 36mths = -30%
Local Canon Warranty = +7% (Approx price difference btw grey and non-grey)
Scratches on elements = -5% to -20%
Scratches on exterior = -1% to -10%
Example 1:
Selling Canon a 17-40mm with 4 mths local warranty remaining. Condition: 10. No scratches.
Current non-grey market price is $1,250 based on CP and AP.
Suggest selling price = $1,250 x (100% - 20% + 7%) = $1,087.
Example 2:
Selling a 1.5 year old grey set Canon 17-40mm. Condition: 10. No scratches.
Current non-grey market price is $1,250 based on CP and AP.
Suggest selling price = $1,250 x (100% - 25%) = $938.
This is an attemp to propose a guideline for the pricing of lens in the secondary market.
The objective is to give buyers and sellers a rough benchmark of how much to sell or to buy.
It is not perfect but I hope it can serve as a generic guide. Comments and fine-tuning are most welcome.
The guide is based on a $1,250 price range.
1) Formulae
Suggested price = Current Market Price of a New Non-grey Set x Discount Applicable
2) Determination of Current Market Price
Current market price should be based on a non-grey set and using an average of CP and AP as a benchmark. The formulae is applicable to a non-grey set and grey set.
3) Discount Applicable
Less than 6 mths = -15%
Between 7mths to 12mths = -20%
Between 13mths to 24mths = -25%
Between 25mths to 36mths = -30%
Local Canon Warranty = +7% (Approx price difference btw grey and non-grey)
Scratches on elements = -5% to -20%
Scratches on exterior = -1% to -10%
Example 1:
Selling Canon a 17-40mm with 4 mths local warranty remaining. Condition: 10. No scratches.
Current non-grey market price is $1,250 based on CP and AP.
Suggest selling price = $1,250 x (100% - 20% + 7%) = $1,087.
Example 2:
Selling a 1.5 year old grey set Canon 17-40mm. Condition: 10. No scratches.
Current non-grey market price is $1,250 based on CP and AP.
Suggest selling price = $1,250 x (100% - 25%) = $938.