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Buying a Camera: Money Saving Tips

Friday, July 27th, 2007 by | Filed Under: Digital Photography
 
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Buying a Camera: Money Saving Tips

A penny saved is a penny earned. So, before you head out to buy a new digital camera, take a look at the following handy money saving tips that can really do you a world of good!

Tip 1: Buy Only If You Need To

If you already own a digital camera and realize the newer version won’t do much to either expand your portfolio or get you more money, it’s best to hold off on your purchase until you really need it. When you do decide to buy that camera, be sure not to go on a spending binge and buy things you don’t really need, such as a new camera bag, a memory card or another lens.

Tip 2: Go for Second Hand Cameras

Technology changes every minute and cameras aren’t excluded. There are newer versions coming out every day and this can be used to your advantage. Since the basic technology in all the digital cameras is long lasting, it’s just one feature, less or more, that makes all the difference. Last year’s top of the line camera will most likely be replaced by a newer version, but the basic specifications of the new model will stay, more or less, the same. So, what better way is there than buying last year’s stock, since buying the new items won’t make a world of difference. Buying second hand equipment won’t hurt you either, particularly when it comes to electronics. Most electronic items keep getting upgraded every now and then, resulting in an exodus of old models and an influx of newer ones. This helps in two ways: You can upgrade just as quickly, either by buying a newer model or buying a second hand one, which is almost new and yet available at bargain prices. You win!

Tip 3: Some Homework Goes a Long Way

With the Internet allowing you to compare prices and discount shops offering a killer deal, it’s best to make the most of these avenues before making a new camera purchase. Keep a list of various quotes on hand so that when you are ready to make a new purchase, you can ask for a price match or a discount. Most shops would be happy to give you a discount and gain a customer, as opposed to losing business to a competitor. If your local camera shop is too expensive, try BHPhoto.com or Adorama.com. If you have more time on your hands, you can check out Ebay as well, where there is a good chance of getting a good bargain. Some online shops even offer free shipping on purchases over a certain dollar amount, so be sure to keep that in mind as well.

Tip 4: Try It Before You Buy It

Shopping can make you crazy, particularly when you hear of steal deals. No matter how discounted the rate might be, it’s best to try out any equipment before you buy it. Most times, we buy in a hurry and regret it later. The easiest way to burn your money is to buy the wrong camera equipment. You can find the best deal on the planet, but if you buy the wrong equipment, you’re going nowhere. Once you know what you want, use these tips to get the best deals on camera equipment.

Tip 5: Sell Redundant Cameras Immediately

If you are the kind who goes for newer versions just because of that new low light feature added to your camera or because of that anti-shake feature, you should go for it immediately. Why, you ask? Well, because it’s best to upgrade more frequently so that you can sell your second hand camera at a better price. Also, make sure you sell your camera before a new model comes out.

Tip 6: Make Sure Your Camera Has a Good Resale Value

Always remember your camera’s resale value when you are buying one. This means that it’s best if you stick to known and tested brands, rather than the unknown and unpredictable. Also, it can be difficult to find prospective buyers if your camera is not a popular brand. This way, not only will you have made an enduring purchase, but you also have the option of selling it at a good price and going for the next upgrade later on.

Tip 7: Cash Transactions Offer More Bargaining Power

This is a basic, yet largely neglected rule. When you are shopping, it’s best not to be tempted and buy just one item. It’s best to accumulate your resources and buy one big thing, rather than several items. This way, you can negotiate a bigger discount.

Tip 8: Have Your Own Favorite Store

This is the best way to get what you want and at a good discount. Again, this is one rule of thumb that most of us seem to have forgotten with the onslaught of newer and newer stores and multiplexes. But the old rule of supporting individual stores never dies. If you support your local camera shop on a regular basis, you’ll more than likely get better discounts. Most camera shops give discounts to their regular customers.

Now, go out and put these tips to good use and get the best digital camera you can buy for your money!

~ Zahid H. Javali

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