equipment leasing?

photographix

hello folks. with the new model of camera body coming out about every other day! why or whay not leas equipment ? i'd like to hear the pro's and con's on this from some folks in the bizz. and is any one still doing this kind of thing? so chime in please. it seams to me that it's smarter to leas and up grade once a year than to get stuck with last years model and tech. is this good or bad business sense? and why?



Rick

Scott_Quier

photographix wrote:

hello folks. with the new model of camera body coming out about every other day! why or whay not leas equipment ? i'd like to hear the pro's and con's on this from some folks in the bizz. and is any one still doing this kind of thing? so chime in please. it seams to me that it's smarter to leas and up grade once a year than to get stuck with last years model and tech. is this good or bad business sense? and why?

Rick

You (accurate) description of the life-span of a camera body pretty much move the camera from the domain of a capital asses to that of a business consumable. A business can lease a capital asset but rarely, if ever, a consumable. It would be impossible for the owner of the item being leased to recover all costs AND make a profit.

Nikolai

Scott_Quier wrote:

You (accurate) description of the life-span of a camera body pretty much move the camera from the domain of a capital asses to that of a business consumable. A business can lease a capital asset but rarely, if ever, a consumable. It would be impossible for the owner of the item being leased to recover all costs AND make a profit.

+1
Renting bodies out may make some sense, but leasing most likely would be cost prohibitive...

cfrey6

Nikolai wrote:

+1
Renting bodies out may make some sense, but leasing most likely would be cost prohibitive...

Calumet photo has leasing options. Here are their leasing options for the Canon EOS-7D camera body.

http://www.calumetphoto.com/item/EC27100/leasing

Nikolai

cfrey6 wrote:

Calumet photo has leasing options. Here are their leasing options for the Canon EOS-7D camera body.

http://www.calumetphoto.com/item/EC27100/leasing

Oh, well, yeah, sure... So, in a year, after you paid
12mo * $182.75/mo = $2,193 (+ tax + s/h)
you can buy it for $1....

The concept of "lease" generally assumes certain "residual" amout. In this case residual seem to be .. $1. Plus you pay several hundred extra for your "convenience".
This is not leasing, just a typical (i.e. very expensive) store financing, if you ask me.

bendruckerphoto

Renting gear makes total sense. Renting something for a month when you need it or to replace a broken piece of gear while it's repaired is fine. As mentioned, leasing makes no sense.