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Used Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S.

mft 45-200mm f/4-5.6 2007

£74.00 Low price

£199.00 High price

67 Listings

9 Retailers

8 New this week

6 Reduced

Great for: wildlife photography sports and action travel photography outdoor events and nature

Panasonic's first-generation MFT telephoto zoom with Mega O.I.S. stabilisation.

The Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. is a telephoto zoom for Micro Four Thirds, launched in 2007 as one of the earliest telephoto options for the new system. Covering a 90-400mm equivalent range, it provides substantial reach in a compact package and helped demonstrate the MFT system's telephoto potential at the system's launch. A Mark II version (H-FSA45200) followed with updated optics and Power O.I.S. stabilisation, improving on both optical performance and the cooperative stabilisation capability. The original remains widely available and is a budget-friendly option for photographers entering the MFT telephoto range.

The optical design uses 16 elements in 13 groups, including three ED elements. The 52mm filter thread is shared with several Panasonic and Olympus MFT lenses, making filter carry-over practical within a multi-lens MFT kit. At 380g it is moderate for a 200mm telephoto zoom in the MFT system, manageable for handheld telephoto use. Minimum focus distance of 1.0m suits the telephoto use case — wildlife and outdoor subjects are typically well beyond this point. Mega O.I.S. provides built-in optical image stabilisation; Panasonic does not publish an official stop count for this version. The Mega O.I.S. operates independently and cannot participate in Panasonic's Dual I.S. cooperative protocol — unlike the Power O.I.S. in the Mark II, which synchronises with compatible bodies. Build is lightweight plastic with no weather sealing.

For wildlife, travel, and outdoor photography the 90-400mm equivalent range delivers the telephoto reach that the compact MFT system is known for. Built-in O.I.S. is useful for handheld telephoto work and for Panasonic bodies that lack IBIS. On Olympus and OM System bodies with IBIS the lens stabilisation works alongside the body's own system. Centre sharpness is decent through the mid-zoom range; image quality softens at 200mm wide open, particularly at the edges — typical at this price tier. Autofocus is reliable for most telephoto subjects though not the fastest in the MFT system.

On the used market the original 45-200mm is inexpensive and widely available. Condition checks should cover O.I.S. operation — confirm stabilisation engages cleanly when the switch is activated — and autofocus response at both zoom ends. Dust inside the lens is common on copies of this age but typically cosmetic. The Mark II with Power O.I.S. is recommended for users needing Dual I.S. compatibility or primarily shooting video; the optical improvement is incremental. For budget-conscious MFT shooters needing telephoto reach the original version is an adequate and cost-effective starting point.

Avg £115, up 11.0% over 1 month

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ProductPriceRetailer

Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

£79.00 £87.00

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Good MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Excellent MPB

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Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. Excellent MPB

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Used Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. price history

Tracking the used Panasonic Lumix G Vario 45-200mm f/4-5.6 Mega O.I.S. price? Over the past month, the average has risen 11.0%, from £104 to around £115. Depending on age and condition, expect to pay between £94 and £135 for a used lens.

Average market price (line) and typical price range (shaded). Source: UsedLens daily price index, 11 Jun – 4 Aug 2026.