GoPro has instituted for a limited time a Trade Up program to get a brand spanking new Hero 5 Black or a Hero 5 Session by turning in your old GoPro Hero camera all the way back to Version #1 to the Hero 4. The program will shave off $100 off a GoPro Hero 5 Black or $50 of a GoPro Hero Session. It can also be traded in if it’s dented, damaged, not working, destroyed or fried. They will pay for shipping both ways.
So does it make sense to do it? Depends on which GoPro you wan’t to exchange in return for a new 5 model. We believe you should look for any GoPro you have around and the older the better as newer models will still be in our view as valuable or more so than the trade in. We analyze if it make sense to do it. The Hero 5 Black is a pretty good slow motion camera on a budget that just works!
GoPro Trade Up Program How It Works:
The good part about the program is that it is not hard at all to implement. Your camera is not inspected besides looking for the GoPro Serial Number or shell to authenticate that it was a GoPro camera and not a competitor or knock off. We found that the FAQ on their page is the best explanation for the program. See below:
GoPro TradeUp Program | Frequently Asked Questions:
The GoPro TradeUp program lets you trade in your old GoPro for a discount on a new HERO5. Getting started is easy at shop.gopro.com/tradeup. We’ll even cover the shipping both ways.
You’ll get $100 off HERO5 Black or $50 off HERO5 Session™ for each camera you trade in. (Only one discount is allowed per camera purchase.)Which GoPro camera models are eligible for trade-in?
Any GoPro camera model can be traded in, all the way back to our very first HERO. Send ‘em our way!My GoPro doesn’t work. Is that OK?
Yep, we’ll take your camera in any condition. Scratched, dented, dinged, destroyed—GoPros are made for getting after it, so no worries if it doesn’t work.How many cameras can I trade in?
You can trade in as many as you want, but you have to register each camera separately at shop.gopro.com/tradeup. Only one discount is allowed per camera purchase.
How do I return my old GoPro?
You’ll receive an email with a prepaid shipping label. (The email will come from FedEx, not GoPro, so be on the lookout). Then just print it out, pack it up and send it in.
Are there any shipping costs or other fees?
Nope. You’ll receive a prepaid shipping label from FedEx to return your old GoPro. Your new HERO5 will ship for free, too. There are no additional fees to trade in your camera.
When will I get my new HERO5, and when will I be charged?
After we receive your old GoPro, we’ll charge the payment method provided and ship your new HERO5 within 14 days.
I live outside the United States. Can I still trade in my GoPro?
The GoPro TradeUp program is available in the U.S. only at this time.
Why does GoPro want my old camera?
It’s not that we want your old camera (although those original HD HEROs are pretty sweet), but more that we want you to have our latest and greatest. From incredible image quality and voice control to cloud connectivity, HERO5 is the best GoPro ever—and we want you to experience it.
But is it worth it to exchange my camera?
In order to see if it is worth it to send your GoPro Hero camera and get a new 5 camera it is important to do some numbers and see if it will be instead ideal to sell it on the used market and then purchase a new GoPro for even better savings. We turn to eBay which is a pretty ideal place to see what the different GoPro cameras are fetching money wise these days:
GoPro Hero 1 Camera:
With a Price range of $25 Working but Dented to $99 New In Box the Hero 1 is an easy exchange as you will get the $100 for the Hero 5 Black for this camera. You will still have to pay $299.99 for the 5 Black or $249.99 for the 5 Session. Remember this is for the purchase of a new camera and not cash refund. These cameras keep depreciating so getting rid of them is an easy decision. If the camera is non functioning of severely damaged it is of course a no brainer exchange.
GoPro Hero 2 Camera:
With a Price range of $65 Working Perfectly to $120 Mint condition the Hero 2 is still a good deal for exchange. You will have a hard time selling it above $100 to anyone. If you still like to keep it it also makes sense as the Hero 2 is still a good 1080p camera. You will still have to pay $299.99 for the 5 Black or $249.99 for the 5 Session. If the camera is non functioning of severely damaged it is of course a no brainer exchange.
GoPro Hero 3 Camera:
While you may find a buyer above $150 for a hero 3 Black it will be very hard to find. The best we could do was $139 for the camera in perfect working condition. The Hero 3 in any configuration is a good sell today on eBay and if it you don’t want to go through the hassle then the GoPro exchange makes sense to upgrade the camera. If the camera is non functioning of severely damaged from a shoot it is of course a no brainer exchange.
Things are getting harder to justify with the Hero 3+. The camera was released just a few months after the Hero 3 Black to fix some image quality issues with a new lens and occasional lock ups. It was a better camera in a lot of ways and still a very usable one. You can get close to $200 for a Hero 3+ Black on the used market if it’s in mint condition. We recommend you sell it for close to what it goes for new today which is $239.99 if you can afford to part from it. If the camera is non functioning of severely damaged from a shoot it is of course a no brainer exchange for a Hero 5.
The GoPro Hero 4 Black is still today almost identical in performance to the Hero 5 Black when it comes to frame rates and resolutions. It’s shortcomings are in the microphone department, lack of built in touch screen and or voice control. However by fetching a price in the used market anywhere from $89 broken for parts to $145 dented or scratched lens and $269 mint condition you are much better off keeping it in your camera arsenal, sell it on the used market or waiting for a Hero 6 Black when announced later this year “Maybe”. If the camera is non functioning of severely damaged from a shoot you may still sell it for the equivalent $100 of the trade up in cash without the need to purchase anything new.
What about the Hero 6 Black?
There are rumors circling of a new Hero 6 Black camera to be announced in 2017. This may be the reason for GoPro to lower Hero 5 inventories before the replacement comes in. The rumors suggest 360 degrees recording or VR wrapping for the Hero 6. There is nothing really substantial besides comments by the CEO Woodman saying VR is something they are working on and that there will not be a two year wait for a new camera. Which means a release this year.
If the GoPro Hero 6 is a VR camera; it means the Hero 5 Black would still continue to be relevant as a regular single lens solution and could have more longevity, which makes the exchange possibility more valuable.
GoPro has had some harsh issues with the Karma drone release and with dwindling sales of cameras the new Trade Up program seems an opportunity to re introduce Hero owners to the brand and see what quality is like today. GoPro has to innovate it’s way out of their predicament; which means it may be preparing a camera that is very different from what you are accustomed to.
All information on the GoPro Trade Up Program at their official site here: https://shop.gopro.com/tradeup
Please share your comments and experiences below on the GoPro Trade Up program. -HSC