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12/19/2005 05:42:51 PM · #1 |
I was at the camera store today and wanted to rent a lense. I was asked if I could buy it outright which at this time I cannot. After some discussion, the guy told me if I rented the lense for like three months and then turned it in, like a week later he would have that lense for sale as used at approx. half price and I could then purchase it and he did all the math and I would save (after rental fees) about 1/3 the price.
Does this sound right to you?
Has anyone had a similar experience?
Should I find another camera store?
Is there an ethics problem here (I think I see one, but then I don't)? |
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12/19/2005 05:44:03 PM · #2 |
| How much would you be renting the lens for? |
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12/19/2005 05:48:22 PM · #3 |
If this is not a brand-new technology (lens has been around awhile, not the latest and greatest thing but still a great lens) I would say you probably got a good offer.
I could bore you to tears with an explanation of how depreciation is a non-cash expense on the camera shop owner's P&L, but the bottom line is that if he thinks he can come out even or better in this transaction, and thinks that you can as well, why not seal the deal? |
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12/19/2005 05:48:51 PM · #4 |
Depends on how long I want it. Short term they want 75.00 a day - seems VERY steep to me (I have never investigated renting lenses before). For the three months I would pay about twice that for the whole three months. Short term they want me to have insurance (I can understand that) but longer term they don't require it (seems funny to me since it is the same lense).
Maybe I came across as a rube to this guy since I really have no idea what lenses rent for. Prices on lense rental would be appreciated as well if you have experience. I couldn't find renting prices on the net. perhaps I searched incorrectly.
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12/19/2005 05:55:28 PM · #5 |
i think bascally what the dude was saying was that after the lense has been doing the rent circuit for 3 months he takes it off the circuit and sells it at a reduced price as "used equipment".
It would be in your benefit if you really wanted the lense to rent it for the 3 months that it does the rent ciruit (rather than it being rented out to a different person each day for 3 months) and then he wouldnt want it anymore because it had lived its rent life out, so if you brought it, you would know exactly whoes grubby little mits had been on it ;) and it would pratically be like having a new one from the beginning.
Like those furtniture rent/rent to own places. Wouldnt you rather rent to own a brand new bed, than just rent one that who knows how many other people have slept in? |
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12/19/2005 06:00:40 PM · #6 |
I'd need to know how much the lens would sell for if you bought it outright and also how much the insurance would be to make some quick calculations.
He probably has different lease agreements for short-term vs. long-term leases. A long term lease is often treated for tax purposes as a transfer of ownership, depending on the agreement.
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12/19/2005 06:20:48 PM · #7 |
| 75 sounds about right for a daily rate though most stores will offer the same rate for a weekend. |
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