What is camera grey market?
A “gray market” camera is one that is advertised for a price significantly less than is charged by the original manufacturer or their authorized dealer. Before thinking about purchasing from gray market stores, buyers need to be educated in how the discount market for expensive cameras works.
How do I know if my camera is grey market?
Look to see if the warranty or manuals appear to have been photocopied. If they have been, you are looking at grey market gear. Even if the warranty looks genuine, check it. Make sure that it is applicable to the country you bought the camera in.
What is a GREY import camera lens?
A grey import camera is a product that was originally destined to a specific market with a lower price tag but that is then sold in a different market, below that market’s average price. Instead of the manufacturer’s warranty, grey import sellers often offer an extended seller’s warranty that covers almost all defects.
How do I know if my Nikon camera is grey market?
Remember: the easiest way to recognize gray market is that the product does not include a Nikon Inc USA warranty. Look for, or ask for a Nikon Inc USA warranty whenever you buy a Nikon product.
Does Amazon sell grey market cameras?
Amazon allows gray market listings in categories like camera equipment. There is nothing illegitimate about gray market camera gear, it is generally still sold by authorized retailers.
Are GREY imports bad?
1) Grey Imports are Illegal – They’re not, there’s nothing illegal about grey imports, you’re not going to get caught by the AFP or any of that sort of stuff.
Why are GREY imports cheaper?
Grey imports may be significantly cheaper than UK stock products. There are differences in the costs of running a business in the UK compared to other parts of the world – labour costs, regulatory costs etc. This includes the costs of providing after sales support, warranty repairs and so on.
Are gray market cameras bad?
There is absolutely nothing wrong with buying a gray market product. It is not illegal and if it saves you a lot of your hard earned money and you are fully aware of all the risks and lack of warranty and service options, then by all means go for it.
How do I buy grey market stocks?
Trading IPO Shares in the Grey Market:
- Investors apply for shares via IPO.
- Few individuals who think that the share values more than its issue price.
- Buyers place the order to buy IPO shares at a certain premium by contacting the grey market dealers.
Are Cotswold cameras GREY imports?
Cotswold Cameras is a grey market importer based in the UK, though the company itself is registered in the British Virgin Islands. They claim that all their equipment is imported legally (i.e. duty and VAT paid), but they do not provide VAT invoices so it looks like they’re operating illegally too. Neil.
Is there such thing as a gray market camera?
However, since there is no direct involvement of the manufacturer or its distribution partners in the gray market product sales, nothing could technically stop a seller from selling a fake product as a “gray market” in the same price category. Below are some of the reasons why Nikon USA strongly advocates against buying gray market products:
How much does a gray market Nikon camera cost?
Now if you are wondering how big of a difference there is in price between a gray market and a properly imported product by the manufacturer, let’s take a look at a couple of examples. The Nikon D750 is priced at $1,996.95 at B&H Photo Video (authorized Nikon seller) – that’s the current MSRP of the camera.
How does canon deal with the gray market?
One of the ways that the camera companies, especially Canon and Nikon, are trying to deal with the gray market is to refuse to honor warranties or even repair their cameras if they do not meet purchase criteria. Remember that the warranty is based upon where the camera came from.
How are gray market products sold for less?
Basically, when exchange rates are favorable, gray market products are sold for less. In comparison, manufacturers often compensate for favorable differences in exchange rates by providing limited time bundles, promotions and rebates. Other than that, the price of properly imported retail product typically stays the same.