Thinking of selling my Canon gear and then renting from now on

Discussion in 'Digital Photography' started by CrackedButter, Nov 30, 2009.

  1. CrackedButter macrumors 68040

    CrackedButter

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    Jan 15, 2003
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    51st State of America
    #1
    I'm getting really short of cash while studying for my MA. I'm thinking of selling my 1Dsmk2 along with my 24-70L, buying a Ricoh GR 3 (which is fine for my personal work) and then renting out the same gear when I have a job on. Thoughts?
     
  2. Angelo95210 macrumors 6502a

    Angelo95210

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    #2
    Mmm I think renting can be quite expensive though. I wouldn't.

    Can't you rent your own gear OR do some weddings to make money ?
     
  3. CrackedButter thread starter macrumors 68040

    CrackedButter

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    51st State of America
    #3
    Renting works out being £100 a day just for the body.

    Doing Weddings isn't as convenient or as often as I want them to be as I already offer myself as a wedding photographer. It isn't the season you see.

    I could keep hold of the lens though.
     
  4. ThunderRobot macrumors regular

    ThunderRobot

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    Glasgow, Scotland
    #4
    Only you can decide how in need of the cash you are, so no one else can make that decision.

    However the 1Ds Mk II is selling for anywhere between £1,000 and £1,400 used. Assuming you clear £1k after fees, P&P etc and pick up the Ricoh GR 3 for around £450 that gives you six, maybe seven rentals before you're losing money.

    Is it worth the instant cash to lose the convenience of owning the body and risk the rental not being available when you need it?
     
  5. Angelo95210 macrumors 6502a

    Angelo95210

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    #5
    If you really really like this camera keep it. There are always other solutions to make cash. Once I sold my motorbike I still regret.
     
  6. Westside guy macrumors 601

    Westside guy

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    #6
    Another option would be to just sell the lens, but keep the body. I know this would mean less cash in hand, so I guess it comes down to how strapped for cash you are. But lenses hold their value much better than bodies do, IMO; plus renting lenses is relatively cheap. You could pick up a decent consumer grade lens for day-to-day shooting (check the reviews - there's some decent consumer glass out there, as long as you understand its limitations), and still rent the 24-70 when you've got a real paying gig.
     
  7. OreoCookie macrumors 68030

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    Sendai, Japan
    #7
    Since photography is more than a hobby to you, I think it's a very bad move, you'd cut into your flesh. I'd do it if I had run out of options. Selling the lens might make more sense, lenses hold better value so you don't `lose' (too much) money by selling yours.
     
  8. jampat macrumors 6502a

    Joined:
    Mar 17, 2008
    #8
    Personally, I don't agree with this. The lens holds value, so it is basically free to keep (just has capital tied up in it). The body drops in price (something like $250-500/yr), so to hold a 1DS MKII costs you about a buck a day whether you use it or not. If you are reducing your investment, selling the body is the way to go. In the future, buy back in when you want and you still have great glass and a body that is much better than the one you sold.

    If you really want to free up money, sell both, you can always buy the glass again for basically the same price and $2000 next year will buy you a hell of a lot more camera than $2000 now. Just my .02
     
  9. pdxflint macrumors 68020

    pdxflint

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    Oregon coast
    #9
    When you do a job, price it accordingly, and if you make money after all your costs, including rentals... then renting would be a good solution where you don't need to capitalize your own gear and take the depreciation. Rent, and expense the cost. Lots of pros do this... just make sure you plan ahead to make sure the gear is reserved when you need it... also, more flexibility this way in terms of equipment each time.

    All this is based on the original post where you said you were strapped for cash...
     
  10. chiefroastbeef macrumors 6502a

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    Dallas, Texas/ Hong Kong
    #10
    I'm not sure how strapped you are for cash, but think long and hard before you sell your camera equipment. And definitely sell your body (camera!) before lenses!
     
  11. AlaskaMoose macrumors 65816

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    Apr 26, 2008
    Location:
    Alaska
    #11
    I agree with others. Don't sell your camera nor lens. Instead, figure how to work a few extra hours a month as a student in any of the departments at your university. You probably don't have much time to do so, but even four hours per week would make you more money in the long run than selling the camera and lens. Also, Christmas and Spring breaks, if you are willing to work, will help you quite a lot.
     
  12. scaredpoet macrumors 604

    scaredpoet

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    #12
    For what it's worth, I was in your shoes about 8 years ago; in college, broke, and ultimately decided to sell my camera gear (a very nice Nikon F5 and some nice lenses). Within a day of selling it off, I regretted it, and while it did temporarily give me some cash, just a month later I was in the same boat again, only without my camera. It took me years to get back some decent kit.

    I wouldn't do it unless you're really, really desperate for cash. You might find that the cash you get is only a temporary stopgap, and not worth the loss you end up with.
     
  13. toxic macrumors 68000

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    Nov 9, 2008
    #13
    renting lenses costs a lot less than renting cameras, so keep the camera if you decide to sell something.
     
  14. CrackedButter thread starter macrumors 68040

    CrackedButter

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    51st State of America
    #14
    Thanks for the advice/help everybody, the personal stories really hit home for me on this one. I'll keep the gear and work out my financials instead.
     
  15. star-fish macrumors regular

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    Aug 24, 2009
    #15
    Can you do the reverse and maybe rent out YOUR equipment? To a few individuals you know and trust at a knock-down price?
     
  16. maflynn Moderator

    maflynn

    Staff Member

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    Boston
    #16
    I think you'll regret that move. You'll lose out on those spur of the moment type of shots. Perhaps you want to travel into the country side or visit friends but you won't have your camera.
     
  17. Doylem macrumors 68040

    Doylem

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    #17
    I had a financial 'hiccup' this year too. I didn't sell any of the photo gear I use... but I did finally get round to putting some stuff on eBay: a medium format film camera and lenses, PDA, books, CDs and other bits and pieces. It helped me to get over the sticky patch, and didn't mean parting with anything I needed...
     
  18. stagi macrumors 65816

    stagi

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    Feb 18, 2006
    #18
    Glad to hear you are keeping the gear, I think thats the best move. Renting can get expensive and you loose so much when selling a camera used. I hope things turn around and get busier for you.
     
  19. carlgo macrumors 68000

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    Dec 29, 2006
    #19
    I could see renting, but only really expensive stuff that you would never buy. Maybe a medium format digital and a lens or two. This would be good for that special, well-planned shoot of a worthy subject.
     

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