I need some advice from someone who nows better.
How do you determine the fair value of a used bike ?
Is there a rule of thumb I could use ?
Reason I am asking is that I am having a look at a 2004 Giant Pegasus tonight.
The seller says he bough it for 1,100cad$ (that's around 900$usd).
Asking price: 700$. How do I figure if it's a fair offer ?
Any input would be greatly appreciated.