DRF aka Thrifty Bill
Join Date: Jan 2008
Location: The NC Mountains
Bikes: 86 Katakura Silk, 87 Prologue, 87 Cimarron, 14 frame school custom, 73 Paramount
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Interesting to me, I use the same 50% rule that Stapfam mentioned. My logic is based on several reasons. First, I figure the bike is used (instant depreciation), secondly, I figure it could have been bought for less than MSRP so MSRP is not really the starting point, and third, usually, any warranty goes away.
+1 on new tires, probably means some serious miles, which is OK, but can be additional negotiating tool.
All in all, probably a fair price if it fits and you like it. Original owner is taking a serious haircut on depreciation.