Although obvious, I put this here first because this is one of the most important factors when purchasing your camera. The HERO3 has three editions (white, silver and black), ranging from $199 - $399 (prices continue to drop annually as newer versions are released -- we'll keep you updated on those). The HERO2's are at the bottom of this gap, but aren't as "new" and lack some features the 3's have (they're discontinued at this point but can be found on the net here and there).
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What is the best action camera for the money?
The HERO4's come with only a few mounts and do not come with Wi-Fi accessories because it's built-in! If you're looking at getting a brand new GoPro and the best of the best, the HERO4 is what you need to look at. In our opinion, the Black Edition at $500 retail is a bit steep and is geared more towards movie makers and professional studios. What we found interesting was the fact that the Silver Edition has a built-in LCD but the Black does not. Is this important to you? Also, the 4K cinema at 30fps with the Black Edition is crazy; however, it eats up a lot of battery. The Silver Edition films in perfect 1080p which is the standard for most playback devices, so going with the Silver as opposed to the Black is more recommended in our opinion.
Inexpensive: Between $200 and $300, you’ll find GoPro cameras that are perfect for most people. There are great 1080p models and some decent 4K models in this price range, and if you’re willing to look at last-generation models, you’ll find a lot to like here. If you absolutely need bleeding-edge features like spherical capture or live streaming, you’ll need to look at more expensive models, but if you just want an action camera that can take gorgeous video and go just about anywhere, you don’t need to spend more than $300.
Some GoPro cameras have user-replaceable batteries, and some don’t. If you need a camera for camping or several days away from home, you’re going to want the former. If you buy a GoPro camera with a swappable battery, you can keep extras with you, so you’ll never miss filming the perfect moment. On the other hand, if you’ll only be using your camera for an hour or two at a time, you can save money by getting a model without a user-replaceable battery.
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Ensure you can easily use your camera before purchase. This is an aspect many people overlook when getting a new GoPro, and it can cost them down the line. There are many bells and whistles tied to cameras. Though they might look great, you don’t want a model you aren’t able to operate. That does not mean you have to get the simplest model out there, but you should get one that is in your comfort zone.