Originally posted on August 10, 2007 @ 9:06 pm
I recently visited the buy and sell section of one of my favorite online forums. I periodically do this because I have discovered that some really great bargains could be had from the buy and sell section. I was doing the virtual equivalent of window shopping when I chanced upon an ad posted by one of the forum members. This guy was selling his old iMac G4 20″ desktop PC for about $1,199. I couldn’t believe my eyes! The ad further explained that the G4 had been used for a fe w years and that he initially bought the iMac for $2,800.
If you look at the numbers you’d think that you’re getting a real bargain. The guy must be crazy if he’s selling it at that low price! The seller may think that he’s offering a great bargain price, but in reality, he’s ripping off any prospective buyers. Here is where the iniquity of depreciation kicks in. A cursory look in eBay and you will discover that the highest bid for a used but good condition iMac G4 is $200. Yes, a measly 200 bucks. And to put it in a better perspective, the newly released iMac Aluminum, that marvel of desktop architecture, has a base price of, hold on, $1,199. That’s the price being offered by the seller in that buy and sell section!
Depreciation really sucks especially when it involves items that you paid so much money for. The seller may not have any intention of tricking hapless buyers and only wants to recoup some of his investment on a PC. But the sad reality is, the moment you buy a computer, whether it’s a desktop PC or a laptop, it is already obsolete and have devalued in price.
If you have any intention of recouping your investment in computers. Follow this simple advice: Sell it off after two years. Even then, the most that you can get is maybe half of what you paid for it.