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Since I don't have a lot of money to spend on a camera or lighting and sound equipment is it a good idea to buy it used? Has anybody ever had a bad experience?

I'm sixteen years old, I'm going to start studying multimedia and I hope to enroll in a film school sometime. I don't have that much money to spend on a camcorder so I've been saving as much as I can to get one. The one I need to get now needs to be good enough to shoot independent short films...