Join Date: Jan 2002
Location: Orlando, FL
Bikes: litespeed, cannondale
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Used bikes are a tough sale. People buying bikes want to pick the kind of bike, the size, the color and the size. With a used bike, it takes quite a bit of looking to find something that is suitable. So the buyer has to put in quite a bit of effort. Also on a used bike, there is no support. If one has a problem with a bike purchased new, most of the time the LBS will fix the problem. That is not the case on a used bike.
I am not saying that used bikes can not be great deals. They often are. From what I have seen, most used bikes generally have less than 5000 miles on them. A well maintained bike will last almost 10 times that long. So on a wear basis, the bike is still virtually new.
But I agree with Esteban, half price is probably a good place to start. Estaban says he does this all the time, and having experience with this sort of thing means that his word is probably far better than mine. On older bikes with parts that are hard to find, I would say much less than half price.