Originally Posted by Mike Garrett
I know guys that bought preorder projectors, kept them nine/ten months and sold for what they paid, or nearly what they paid and repeated the cycle. The other option is to buy a projector long term and have hardly any resale value, when ready to replace. I have looked at the model both ways and it does not seem to cost you any more money. But you need a back up projector to do this because you will find yourself without a projector for a month or two. This is why four years ago, I started replacing my projector every year. It does require more effort to do this.
So let's look at a five year period. Buying a $5,000 projector (preorder price) and let's say you sold it for $300 less. After buying your 5th year projector you have spent $6,200. Now compare to buying $5,000 projector, keep five years and sell for $2,000 (if you are lucky) and then buy another $5,000 projector. You have spent $8,000. Even if you lost $500 each year selling, you still come out ahead.
Let's look at 10 year period. Still using $5,000 projectors. Trading every year with $300 loss means you spent $7,700. Keeping the projector for 10 years means the $5,000 projector is worth around $500. After buying the new $5,000 projector, you have spent $9,500. So even if you lost $500 each year, you still come out ahead, because with the replacement each year, you never buy a new lamp and with keeping the projector for nine years, you certainly purchased a few lamps. On top of that, you are getting to play with the new stuff that comes out, rather than still using an old projector.
When I read things like this I can't decide whether you Americans are smart or DAF?
Who would pay $300 less than the "new" price for a 12 month old used unit?
Depreciation is obviously not part of the mindset.
Unfortunately, here , it is hard enough to sell ANYTHING secondhand that you're lucky to get 50% of your money back after 12 months ownership.
I paid $A7000 for my JVC X7000 and it was one of the first to be sold to a consumer in the world ( 1st week Nov,2015).
12 months later they were worth just over $3800 on the local scene.
I'm still REALLY happy with my X7000 and have no desire to trade in, but maybe if I could have sold it for $A6700 in Nov 2016 I'd have contemplated it.
Who coined the expression, "there's one born every minute "?😁😁