Jessops trade-in prices

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Peter B

Peter B

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Jessops have launched their new trade-in service and you can enter your camera details at the link below to find out what they would pay for it. It may come as a shock, and not a pleasant one! :eek:

https://recycle.jessops.com/home.php
 
No Jessops near me now but I was offered £120 for a mint and boxed D3200 body at London Camera Centre, which I declined.
 
You need to shop around if you want to p/ex.

I was considering p/exing my 18 month old EF 24-105L f.4 for the EF 24-70L f/4, mainly to reduce the weight, albeit I've now decided to keep the 24-105L.

I asked four dealers for a quote, two came back with £250 (an insult), one at £340, and another at £360.

So, I know which dealers won't be getting any of my business in future.

I should add that all four were major retailers. and Jessops wasn't one of them, as I stopped using Jessops long before Peter Jones took it over, because 1. their prices weren't competitive, and 2. they never had what I wanted in-stock on the high street, being a case of "we don't have it in stock, but we can get it in or you".

Dave
 
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Those trade-in prices are an insult to be honest.

Sony A77 (ok, not the latest tech) £93

Better off dropping it in the sea, paying the excess and getting a new one.
 
You think you have problems
I put in 600D
and got
No product found for this brand.
 
Canon

Trade-in your Canon Eos 6D (24-105mm L IS Kit)

£240 !!! I wish they would sell them at that price. F4nnies.
 
I remember 25 years ago Jessops trade in prices were terrible when I was buying SLR gear, but I don't think it's any different from any other market, if you want best price sell it privately.
 
£97.50 for an EOS 50D.... in good condition drops to £65 for a poor model....

Tears before bedtime for some!

Or to put it into context... Jessops can go and **** off.

Steve
 
I can't see anyone using this service, ever. You only have to be slightly clued up to find somewhere (anywhere) else online that offers much, much better prices.
 
I'm lucky in that I've got a bit of cash. I'd like to set up a we buy any camera type site but reasonable offers. Do you think it'd be a goer?
 
There must be a 200%+ markup in some cases.
Those trade in prices are disgracefully low.
 
mattyg said:
So assuming 50% markup. Where are they selling these D4's
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Nevermind that, where are these people happy with £820 for a D4?

Contact me and I will pay £850 for your D4. Assuming mint condition of course.
 
RumpFace said:
I'm lucky in that I've got a bit of cash. I'd like to set up a we buy any camera type site but reasonable offers. Do you think it'd be a goer?
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Have you ever run a full busimess?

Can you afford to hold 'stock' (cash) on product that will depreciate in value (cash) every day. If not have you sourced an onward path to move what you buy on. Remembering the need to ensure you don't become an outlet for stolen golds.

Are you in a position to potentially franchise the idea in order to spread coverage and risk (geography, spread risk but less cash)?

How many others are in the same market (MBP, LCE, Ffordes.....etc)

We buy any car has a viable and cash returning process for cars they cannot sell.... the scrap yard. Is there any potential to gain that route for cameras you cannot sell on. (Potential to break for spares, skillset to rate recovered parts for quality and price, loss of cash if you get it wrong, potential for extra cash if you get it right)

Many other risk factors and unknowns. (low turnover at starft means little discount from couriers etc)

I have closed my business and moved associates into companies that "bought" my client list. Value is the mainstay after cashflow

If you are serious the start with a realistic not hopeful business plan.

Time was a local Business Limk would assist mew start ups but Business Limk was closed down some time back, but there should be assistance available. If you have a local library still, start there to seek out what is available to start ups.

To reiterate

The business plan should be realistic and is meang to be dynamic. It is the first document you need to build when you start out. Be realistic and honest. If it is not you will only fool yourself and statements in it are the first thing others will challenge you to justify.

On a personal note and from my experience. It is hard work starting something from scratch - ask yourself (don't post on here) Are you fit and healthy enough to take this on? It can be a hobby locally but if it grows....

Good luck

Steve
 
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Just had an email from WEX which gives some values of trade-in prices for the Fuji Deals. They're quoting more for the 5D Mk 11 than Jessops is for the Mk 111!

£100 Trade-in Bonus
Trade in selected working DSLRs for a new Fuji X-T1 and receive £100 trade-in bonus plus £100 cashback:
Trade-in Value Bonus Price you could pay*
Canon EOS 700D £250 £100 £599 + £100.00 Cashback = £499
Canon 5D MK II £690 £100 £159 + £100 Cashback = £59
Nikon D7100 £300 £100 £549 + £100 Cashback = £449
Sony A77 £360 £100 £489 + £100 Cashback = £389
T&Cs apply. Offer ends 11/01/2015.
 
Its quite obvious that you lot haven't run a retail business !Jessops have overheads to cover, the staff serving you, the shop fronts, rates, tax - they've got to fund their stock and they've got to be able to re-sell what you are p/exing , repair and offer a warranty and make a profit - putting it bluntly it costs money so if you are expecting market price for a p\ex forget it. You have to pay for the convenience of p/ex -it means you don't have to bother with ebay the tyre kickers,scammers etc. But above all you have a choice either use it or not and whatever you'd like to believe no one on the high street is doing it for the love of it, they need to make money. So you takes your choice, bleat by all means but if you want to get touchy feely with new kit you pay for it one way or another. Otherwise carry on using the forum and ebay to sell your used kit !
 
A used D4 sells for around the £3,200 mark, so Jessops are offering just over 25% of the likely selling price. Even taking overheads, shareholders demands, the cost of staff xmas dinners etc etc etc into account it smacks of taking the mick!
Which is why my D4 went to Harrison Cameras earlier today - they offered a FAIR price...... excellent service too.
 
As a matter of interest I had quotes for a straight sale of a D3100 body only a couple of months old. WEX refused to quote, Jessops was about £40 IIRC, but I sold it to the dealer who offered me £130 plus free collection!

AL
 
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Overexposed said:
Its quite obvious that you lot haven't run a retail business !Jessops have overheads to cover, the staff serving you, the shop fronts, rates, tax - they've got to fund their stock and they've got to be able to re-sell what you are p/exing , repair and offer a warranty and make a profit - putting it bluntly it costs money so if you are expecting market price for a p\ex forget it. You have to pay for the convenience of p/ex -it means you don't have to bother with ebay the tyre kickers,scammers etc. But above all you have a choice either use it or not and whatever you'd like to believe no one on the high street is doing it for the love of it, they need to make money. So you takes your choice, bleat by all means but if you want to get touchy feely with new kit you pay for it one way or another. Otherwise carry on using the forum and ebay to sell your used kit !
Click to expand...

Jessops retail business is already funded through the sale of the new kit they're selling. It's not as if they're a startup solely dealing in used equipment.
They've obviously seen that there's a market and money to be made in 2nd hand gear as well and want to get a piece of that action. This used kit isn't needed to pay for their shop front, staff, rates, tax etc.. I agree there are costs associated with holding kit until it sells and warrantying any used gear they sell. They need to make a profit dealing with the used kit, but at these levels the markup would be disgraceful.

I've had a look through their offers and they're insulting. £161.34 for a Canon 6D or £44.94 for a sony rx100 ? I hope these prices are some sort of placeholder until they get their act together.
 
stu.artd said:
Jessops retail business is already funded through the sale of the new kit they're selling. It's not as if they're a startup solely dealing in used equipment.
They've obviously seen that there's a market and money to be made in 2nd hand gear as well and want to get a piece of that action. This used kit isn't needed to pay for their shop front, staff, rates, tax etc.. I agree there are costs associated with holding kit until it sells and warrantying any used gear they sell. They need to make a profit dealing with the used kit, but at these levels the markup would be disgraceful.

I've had a look through their offers and they're insulting. £161.34 for a Canon 6D or £44.94 for a sony rx100 ? I hope these prices are some sort of placeholder until they get their act together.
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No not a placeholder

Plain old scam artistes and urine collecters

They will not see me in their stores again

Scalping is plain scalping

The tall fellow must not be getting the ecpected returns. There's an LCE in Bath where I shall get my sundries from.....
 
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They've got the 7D and 6D at the same trade in value, same for the 1D MkIV and 1DX. In fact they've got 2 different 'offers' for the 1DX, £822.91 and £326.71 :confused:
 
Hold on Guys you have a simple choice - use them or not, but I suspect all you want to do is go in and stroke the new kit and then act all pious and buy off the net which is why there are so few independent camera shops left!!
 
Hold on yourself, guy. I haven't been in a Jessops store in a while as I'm not in a town / city where one is located very often. On one of the last occassions I was in one I bought my 7D and 24-70L, paying a bit more than I could have if I'd bought them from amazon or wex etc.. I thought I'd go and support my nearest bricks and mortar, specialist camera store.
However when they're offering absurd 'trade in offers' that rip off any poor sod that takes 'advantage' of it then I'm going to voice an opinion on it.
 
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stu.artd said:
Hold on yourself, guy. I haven't been in a Jessops store in a while as I'm not in a town / city where one is located very often. On one of the last occassions I was in one I bought my 7D and 24-70L, paying a bit more than I could have if I'd bought them from amazon or wex etc.. I thought I'd go and support my nearest bricks and mortar, specialist camera store.
However when they're offering absurd 'trade in offers' that rip off any poor sod that takes 'advantage' of it then I'm going to voice an opinion on it.
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Like I said , you have the choice to exercise whether you take up their p/x quote! Im not getting at you, just saying that people want top dollar for their used kit, lowest prices for their new purchases and have experienced staff as well and the sums won't add up. If you want to use a shop and play with kit and chat about it and p/x your kit there has to be a price tag. If you don't like the price tag you simply walk on by.
 
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Overexposed said:
Like I said , you have the choice to exercise whether you take up their p/x quote!
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I'm sure you'll exercise your right to takeup their p/x quote should the time come then. Or would you rather deal with any of the other used equipment dealers that will give you a much better deal ?
The people that get taken advantage of with this stuff are often the naive or those that have no idea what the stuff they've had passed onto them or been left with is worth. As Jessops is a high street store and a well known name there's an element of trust that goes alongside that. That trust includes the assumption that they'd make a reasonable / fair offer for what being traded to them. Their offers at https://recycle.jessops.com/home.php are not reasonable.
 
Overexposed said:
Hold on Guys you have a simple choice - use them or not, but I suspect all you want to do is go in and stroke the new kit and then act all pious and buy off the net which is why there are so few independent camera shops left!!
Click to expand...

Disagree

I use Jessops regularly for quick stop bits and pieces. I was genuunely happy they returned

That said I also give my custom to companies I trust, who treat the staff well, have trained their staff and who appreciate customers who actually buy at a y level.

I had a good rapport witb Jessops staff and they were pleased whether I bought £20 of paper one week and £150 of tripod the next visit.

Now this trade in calculatoer is cynical and assumes thst I would in all conscience trade my very tidy 50D for either £67 or £97.50. So I feel I am beinv treated as either a cash cow or foolish moron or both. If this is now a corporate driven "campaign" then my choice is the same as why I ceased jsing othed shops and businesses. A complete lack lf respect which has undo e all the good done by the shol staff.

Mealy minded or simply a reaction but I worked very hard in my business to give suprising service to customers and earn the money that paid for my hobby and I will be damned if I will spend one penny more to Jessops.

Stuff em

Steve
 
Hugh Jarse said:
Disagree

I use Jessops regularly for quick stop bits and pieces. I was genuunely happy they returned

That said I also give my custom to companies I trust, who treat the staff well, have trained their staff and who appreciate customers who actually buy at a y level.

I had a good rapport witb Jessops staff and they were pleased whether I bought £20 of paper one week and £150 of tripod the next visit.

Now this trade in calculatoer is cynical and assumes thst I would in all conscience trade my very tidy 50D for either £67 or £97.50. So I feel I am beinv treated as either a cash cow or foolish moron or both. If this is now a corporate driven "campaign" then my choice is the same as why I ceased jsing othed shops and businesses. A complete lack lf respect which has undo e all the good done by the shol staff.

Mealy minded or simply a reaction but I worked very hard in my business to give suprising service to customers and earn the money that paid for my hobby and I will be damned if I will spend one penny more to Jessops.

Stuff em

Steve
Click to expand...

Steve, some people just want to do things the easy way and some don't have the time or inclination to want to sell their stuff privately, others more savvy see the pounds shillings and pence cost of that. Like I said you have a choice, but from the dealers point of view you have to have significant margins on selling used kit to make it work
 
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Overexposed said:
Steve, some people just want to do things the easy way and some don't have the time or inclination to want to sell their stuff privately, others more savvy see the pounds shillings and pence cost of that. Like I said you have a choice, but from the dealers point of view you have to have significant margins on selling used kit to make it work
Click to expand...

I've used Jessops for 30 years or more, I was disappointed when they went bust and was very happy when my local store re-opened. In the "old Jessops" store, the staff used to trade in elsewhere as they got higher prices for their kit and better deals on new kit, even after the Jessops staff discount had been taken into account. I'd respect them more if they hadn't chosen to re-enter the secondhand market, but the fact is that this seems to be a move that Wonga would be proud of, especially as your gear is either Good or Poor with no additional criteria involved. I'm almost prepared to take bets on how long this "service" might last, but maybe I'll be proved wrong?
 
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