Price of the 5DM2 after the 5DM3 comes out, thoughts?

<p>Im considering selling my 40D and a couple lenses and upgrading to the 5DM2. Im wondering if I should wait until the 5DM3 presents itself. Im expecting a decent amount of 5DM2s will hit the Ebay/resell market. Any thoughts or advice on the matter? </p>

<p>Chris</p>

<p>whats this about 5d3?I have 2 of the 2's and I'm happy. I'm seeing rumors about the 3 but is it certain? do you have a good link I could read.</p>

<p>Very similar recent thread</p>

<p>http://www.photo.net/canon-eos-digital-camera-forum/00Xbde</p>

<p>My comment on that thread was</p>

 

<blockquote>

<p>It will drop some, but not all that much. Even now a good-condition 5D mk 1 is not cheap. The "Like New" bodies over at KEH are selling around $1,430 to $1,540; actual new 5D mk 1 bodies were about $2,000 when the model was discontinued in fall 2008. So, the price for the 5D mk 1 has only dropped about 25% in the two years since it was discontinued. I expect the 5D mk 2 will command a high price for years to come.</p>

</blockquote>

<p>forreal... Is this question really being asked? Again.</p>

<p>I don't understand why this question bothers some people so much. If you have a sensible answer, post it. If it annoys you, ignore it. This isn't hard.</p>

<p>When the 5D3 comes out, Canon will stop making the 5D2. After a few weeks, all the new ones will be gone. You'll only be able to buy used and refurbished ones. The price will be lower, but is a used camera what you really want? The price of my 5D2 won't drop, because I won't be selling it.</p>

<p> When the 5D Mk III comes out the 5D II will obviously be obsolete, so there's really no point in buying it now or then. And for that matter, when the 5D III hits shelves, the Mk IV will be on the horizon, so you probably shouldn't buy that either.</p>

<p>But as for a sensible answer, when the Mk III is released the used price of Mk II's will naturally drop, but don't expect it to be drastic, I would even say it will be minimal. If a 5D is something you want, then get it and don't worry about the release of future models. And the new price of Mk II's probably won't change either. Another thing to consider is that the 1DS Mk III, Canon's flagship, has yet to be upgraded and is the only model not to feature HD video, so the 1DS Mk IV may be due up next before the 5D III.</p>

<p>I think I'll copy and save this so I can simply paste it when this comes up again.</p>

The Mark II is a fine tool and I would not hesitate in recommending it. No one knows for sure when the Mark III will come out and whether it will be a vast or only incremental improvement on...an already fine tool.

<p>Buy the 5D II today and enjoy it! It's a wonderful camera. Surely the 5D III will not double the quality of your shots compared to the 5D II, as the 5D II didn't double the quality of the 5D I (...but the pixel, yes!).<br>

The 5D II is already a capable camera, but it remains a tool... All the rest is Photography.</p>

<p>It may not drop at all if the dollar to yen exchange rate keeps dropping. If the new 5D III has to be priced at $3,500 in order for Canon to make a profit, a used 5D II may go up in price, not down.</p>

<p>Similar comparison - two years ago I bought a Canon 1D MKIII for $4400. They're now selling (where you can find one) for $3900. You calculate the percentages. The replacement 1D MKIV sells for around $4700 at most dealers. As previous posters have stated, once a new body comes out doesn't mean the previous one won't take good photos. I know I'm not getting rid of my 1D3; it's a fantastic tool. Also as long time Canon users know, Canon has always been very secretive of new product arrival dates. The best you can do is look at past history of given product line arrivals and speculate. The one wild card in new product releases is if Nikon puts a new product out and is successful. This sometimes pushes Canon into quickly responding.</p>

<p>Thanks guys. I think my mind is made up to purchase a 5DM2. Sorry if this is a repost. I honestly searched for about 20 minutes before I posted.</p>

<p>[[i don't understand why this question bothers some people so much. If you have a sensible answer, post it. If it annoys you, ignore it. This isn't hard.]]</p>

<p>If you don't like how other people respond to questions, perhaps you can take a bit of your own advice?</p>

<p> </p>

<p>"Unconfirmed report suggest that Canon won't release a new 5DMKIII body until the element of surprise is absolute. Chief engineering officer at Canon won't comment on the possibility of a Canon 5DMKII1/2 body at the end of 2013" Source: ONN</p>

<p>FAIW, Chris, I bought the 5DI when Canon started dumping the last of their stock. They were offering pretty good rebates back then. When the more expensive 5DII came out, and the 5DI was in short supply, its price briefly rose. So for my purposes, I bought at just the right time. (I truly don't think I could have afforded the 5DII.)</p>

<p>The 5DI has held its value very well since then. I think this is for two reasons. First, it represents the cheapest entry into full frame digital. Second, it's a hard economy, and people no longer have to have the latest and greatest. The 5DI is "good enough" and therefore still benefits from demand.</p>

<p>The 5DII, likewise, will continue to be the cheapest entry into full frame HD video and may command a premium for that reason. I suspect it will depreciate in a manner similar to that of the 5DI. I wouldn't expect any radical price drops on the used market.</p>

<blockquote>

The 5DII, likewise, will continue to be the cheapest entry into full frame HD video and may command a premium for that reason.

</blockquote>

My local dealer told me that the 5DII is very popular with videographers - I think he said they were selling as many to them as to still photographers - so I think that's another market that will keep used prices high. Especially if the 5DIII turns up at a significantly higher price than the current camera.

<p>As a child, when I was in a quandary over whether to act now or later, my father used to say, "He who hesitates is lost."</p>

<p>This advice definitely applies here. There will always be a newer, bigger, faster, shinier model coming out in the future. If the 5DII satisfies you present photographic needs, just go out and get one.</p>

<p>Just wait until the mark X comes out.. it will have 380 megapixels, and 3 digic 10 quad processors.<br>

the 8 terabyte memory cards are gonna be a little pricey also, but the quality of your images will be outstanding.</p>

<p>I guess my hope should be that the 5DIII is a cheapened version of the 5DII. I frankly don't know what more people would want in a camera, without the emergence of new technologies, so maybe the next step is to lower price. We can hope, eh? ;-)</p>

<p>It's also possible that the US$ will rise against the yen. That said, the cost of our equipment didn't rise nearly as much as the dollar-yen imbalance, and it won't fall nearly as much either.</p>

<blockquote>

<p>I don't understand why this question bothers some people so much. If you have a sensible answer, post it. If it annoys you, ignore it. This isn't hard.</p>

</blockquote>

<p>Hey, if you don't like the posts from people who don't like posts based on unfounded rumor, ok. If you know the rumors are real, give us a link or something. If it annoys you, ignore it. That isn't hard either. :(</p>

<p>But there isn't any rumor. The OP simply asked how much the 5D2 price is likely to drop after the 5D3 is released. It's a completely sane and reasonable question.</p>

<p>No Alan, the OP wanted to know if he should "wait". That implies that the event is expected in some short time, and so far as I know there has been no reason to believe that to be true.</p>

<p>If the III were to be released in 2025, then the question of how much the price would drop would be a little unrealistic. 2011, maybe worth asking.</p>

<p>LOL</p>

 

<blockquote>

<p>I frankly don't know what more people would want in a camera.</p>

</blockquote>

<p><br />Cleaner shadow detail and a more durable body. The video guys have a long list of improvements that they'd like to see in the next 5D model.</p>

<p>The main upgrade the 5DII needs is a better AF system (say the same as the 7D) after that it is really a few more FPS (5 will be nice) and perhaps a viewfinder blind. I suspect like Dan that many of the 5DIII innovations will be for video use.</p>