nickjb

I have been riding mountain bikes up until this point and am getting ready to purchase a road bike. I had no idea that there were so many to choose from and how much you can spend on one. After doing some shopping I have decided to possibly purchase a used 2004 Lemond Nevada City. The bike is going to need a tune up and probably two new tires as it hasn't been rode in a while, but the bike is in good condition other than that. What do you feel is a fair market price for this bike as I don't want to overpay or insult the owner? It was purchased for $700 new. I would appreciate any advice you may have. Thanks.

BlazingPedals

Hmm... about all I can say is that insurance companies depreciate bikes at 10% per year.

bigvegan

There's not really any such thing as a "fair market price" for used bikes, so you need to figure out what it's worth to him, and what your budget is, and how much work you can do yourself.

Figure $60-100 for a tuneup if you're not doing it yourself, plus another $25-60 if you need new tires / tubes.

I'd offer him $180-200 and go from there.

awesomejack

bikes depreciate incredibly fast. $200 does seem reasonable, especially if it needs a tune up. its definitely not worth a cent over $250-$275