MCTuomey
Veteran
I never wanted to pay more to get an M240, so why would I want to now?
All I want is my M-E to no longer have issues. But if Leica does not take care of this adequately, you know there are going to be class actions suits.
I hear you, I feel the same way re my cameras. But I'm going to consider the M240 option because there's no better platform for M lenses than an M body and because it has no apparent legacy issues, especially if the solution proposed by Leica for the M9 series isn't long-term.
I'll put it another way. I paid $5500 for my M-E, wanting a camera to last a long long time.
I did not want to pay the extra $1500 for an M240.
But, if the offer of 65% value is true, then to get a properly functioning digital Leica M my total cost would be $5500 + ($7000 - $3575) = $8925.
Almost $2000 more than if I bought an M240 to start off with!
You still think this is a deal?
I'm not sure whether it's a good deal, but the way I break it down is:
1. Out-of-pocket in your example is $8925.
2. Cost of ownership of your M-E for the time you used it without issue is $8925 less the $7000 cost of the new M240, or $5500 less $3575, or $1925, typical depreciation I'd say.
Leica's giving you a credit for the remaining life of your M-E, hoping you find $7000 of value in an M240. If you don't want an M240 at all, it's probably not a good deal at any price. If you have some interest in an M240, Leica hopes that taking your M-E as trade-in and taking "only" $3425 out of your pocket will entice you. Yes, it would clearly be a better offer if the M240 were priced for this purpose at less than $7000. Or, if the M-E poses the risk of further repairs, lower useability, lack of resale value - leading to a lower effective value than $3425 - it may in fact be a reasonable deal.
Not fun, these kinds of decisions. Or negotiations, if what's what it has to come down to.