Advertise on Bikeforums.net



User Tag List

Page 1 of 2 12 LastLast
Results 1 to 25 of 44
  1. #1
    Senior Member
    Join Date
    Jun 2004
    Location
    Northern Nevada
    Posts
    3,749
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Anybody else never think about resale value?

    Semi-philosophical question: A friend of mine bought himself a new bike for Christmas. He's a strong but inconsistent cyclist--he'll do 4000 miles and three or four centuries one year, then ride just a few miles a week the next, but he's been doing that for 20 years, so he's not likely to lose interest.
    When he finally narrowed his choice to a couple of bikes, he admitted he liked one better than the other, but bought the second one because he thought it would have better resale value someday.
    We're not talking about a ton of money--about $2000, easily manageable for him. After, say, five years, the difference in value might be a couple of hundred dollars at most. Yet he'll ride a bike he's lukewarm about on the chance that, five or whatever years from now, it might be worth a little more money. And he'll probably never sell it anyway; he has five or six older bikes in his garage.
    Not me. I don't believe I've ever made a purchase, including my home and cars, based on what they might be worth when I get rid of them. I certainly wouldn't do it with a toy like a bicycle. Am I just out of step with modern America here, or what?

  2. #2
    2 Fat 2 Furious contango's Avatar
    Join Date
    Nov 2010
    Location
    England
    My Bikes
    2009 Specialized Rockhopper Comp Disc, 2009 Specialized Tricross Sport
    Posts
    3,997
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    I usually keep stuff until its resale value is approximately zero so I don't tend to think about it. My car is worth more as a collection of spare parts than it is as a car, and I suspect I'll be saying the same about my bike whenever the time comes to part company with it. Either that or I'll part company with it when parts of it have permanently parted company with other parts.

  3. #3
    Kid A TurbineBlade's Avatar
    Join Date
    Aug 2009
    Location
    Alexandria, VA
    Posts
    1,778
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    What?
    Cyclist, angler and aquarist

  4. #4
    Senior Member Retro Grouch's Avatar
    Join Date
    Feb 2004
    Location
    St Peters, Missouri
    My Bikes
    Rans Enduro Sport, Hase Kettweisel Tandem, Merin Bear Valley beater bike
    Posts
    23,975
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    If I'm buying something to use, I buy the one that I want.
    If I'm buying somwthing to sell, I buy the one that I think other people will want.

    I've always felt that I was a bit out of the mainstream so generally there's quite a bit of difference betweeen the two.

  5. #5
    tsl
    tsl is offline
    Plays in traffic tsl's Avatar
    Join Date
    May 2006
    Location
    Rochester, NY
    My Bikes
    1996 Litespeed Classic, 2006 Trek Portland, 2013 Ribble Winter/Audax
    Posts
    6,567
    Mentioned
    13 Post(s)
    Tagged
    0 Thread(s)
    Nope. I don't pay attention to it at all. I buy stuff to use it and keep it.

    That said, three of my four bikes I bought used, so someone else's resale value was important to me at the time.

    After purchase, I also have no qualms whatsoever about upgrading components. One bike I bought for $100--practically stole it. The wheelset was shot so I replaced them with a $400 set of handbuilts. When the fork was damaged by an errant Pontiac, I put a $450 carbon fork on it. I'll never get that money back if I sell, but in the meanwhile, I get the value of those upgrades on every single ride.
    Last edited by tsl; 01-01-11 at 11:01 AM.
    My two favorite things in life are libraries and bicycles. They both move people forward without wasting anything.
    The perfect day: Riding a bike to the library.—Peter Golkin


    Lucky for me, I work at a library and bike to work.

  6. #6
    Newbie
    Join Date
    Jan 2011
    Location
    Miami, Fl.
    My Bikes
    Current collection. 1941 Paramount tourist, 1951 paramount 3 sp. Clubman, 1962 Paramount road, 1966 Paramount track, 1970 Paramount road, q
    Posts
    2
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I think you should buy what best suites your intended use. I usually tend towards quality, and my experience is that quality does help with resale but it is not my primary motivation.

  7. #7
    Senior Member mulveyr's Avatar
    Join Date
    Feb 2010
    Location
    In the wilds of NY
    My Bikes
    Box Dog Pelican, Raleigh Sojourn, Specialized Secteur, 1991 Cannondale tandem
    Posts
    1,305
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Velo Dog View Post
    Semi-philosophical question: A friend of mine bought himself a new bike for Christmas. He's a strong but inconsistent cyclist--he'll do 4000 miles and three or four centuries one year, then ride just a few miles a week the next, but he's been doing that for 20 years, so he's not likely to lose interest.
    When he finally narrowed his choice to a couple of bikes, he admitted he liked one better than the other, but bought the second one because he thought it would have better resale value someday.
    We're not talking about a ton of money--about $2000, easily manageable for him. After, say, five years, the difference in value might be a couple of hundred dollars at most. Yet he'll ride a bike he's lukewarm about on the chance that, five or whatever years from now, it might be worth a little more money. And he'll probably never sell it anyway; he has five or six older bikes in his garage.
    Not me. I don't believe I've ever made a purchase, including my home and cars, based on what they might be worth when I get rid of them. I certainly wouldn't do it with a toy like a bicycle. Am I just out of step with modern America here, or what?

    While I'm sure that there are other people like your friend out there, my experience is that most people purchase bikes based on function and aesthetics. Though not necessarily in that order.

  8. #8
    Senior Member
    Join Date
    Jun 2010
    Location
    Pearland, Texas
    My Bikes
    Cannondale, Trek, Raleigh, Santana
    Posts
    5,715
    Mentioned
    7 Post(s)
    Tagged
    0 Thread(s)
    Your friend is a perfect example of buying an item for somebody else, not for his own needs, wants nor desires and that doesn't make sense to me. In seniority my bikes are 30 years old, 21 years old, 14 years old and 12 years old. Except for the 21 year old (22 in Feb.) that I've owned for 19 years, the others were bought new. All have been altered/changed/rebuilt/upgraded (pick a term) untill they were perfect for me.

    My answer is no.

    Brad

  9. #9
    Gouge Away kaliayev's Avatar
    Join Date
    Nov 2008
    Location
    BFOH
    Posts
    972
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    I never think about resale when buying. I prefer to buy quality used frames that I can build to my preference. I also lean towards rare frames that are kinda under the radar of most people, so resale would suffer I'd imagine.

  10. #10
    Senior Member Flying Merkel's Avatar
    Join Date
    Mar 2008
    Location
    Costa Mesa CA
    Posts
    2,573
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Bicycles have little resale value. If you want an investment, get a mutual fund.

  11. #11
    Senior Member
    Join Date
    Nov 2008
    Location
    Bay Area, Calif.
    Posts
    5,026
    Mentioned
    5 Post(s)
    Tagged
    0 Thread(s)
    I usually keep things until their resale value is very small. And it's hard to predict over a longer timeframe anyway. Back when my bikes were new having vertical dropouts was rare and a sign of a valuable frame. Now there's a market for the old frames with horizontal dropouts that can be converted to fixed or single-speed.

  12. #12
    Humvee of bikes =Worksman Nightshade's Avatar
    Join Date
    May 2004
    Posts
    5,301
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Velo Dog View Post
    Semi-philosophical question: A friend of mine bought himself a new bike for Christmas. He's a strong but inconsistent cyclist--he'll do 4000 miles and three or four centuries one year, then ride just a few miles a week the next, but he's been doing that for 20 years, so he's not likely to lose interest.
    When he finally narrowed his choice to a couple of bikes, he admitted he liked one better than the other, but bought the second one because he thought it would have better resale value someday.
    We're not talking about a ton of money--about $2000, easily manageable for him. After, say, five years, the difference in value might be a couple of hundred dollars at most. Yet he'll ride a bike he's lukewarm about on the chance that, five or whatever years from now, it might be worth a little more money. And he'll probably never sell it anyway; he has five or six older bikes in his garage.
    Not me. I don't believe I've ever made a purchase, including my home and cars, based on what they might be worth when I get rid of them. I certainly wouldn't do it with a toy like a bicycle. Am I just out of step with modern America here, or what?
    It's not you that has as a cockeyed value system it's your "friend" that does. There a few things in life where value means more than worth and a bicycle is one for sure. Since everyone interacts on such a personal level with their bike there is no reason at all to choose a bike other than the one that you really want in the first place. In fact, choosing anything other than what you really deep down want is a self insult to your personality ,your "id" if you will.
    My preferred bicycle brand is.......WORKSMAN CYCLES
    I dislike clipless pedals on any city bike since I feel they are unsafe.

    Originally Posted by krazygluon
    Steel: nearly a thousand years of metallurgical development
    Aluminum: barely a hundred, which one would you rather have under your butt at 30mph?

  13. #13
    coprolite fietsbob's Avatar
    Join Date
    Jun 2010
    Location
    NW,Oregon Coast
    My Bikes
    7
    Posts
    3,097
    Mentioned
    44 Post(s)
    Tagged
    0 Thread(s)
    Note ebay has the results of stripping bikes and selling them a piece at a time..

  14. #14
    Senior Member cyclist2000's Avatar
    Join Date
    Sep 2009
    Location
    Up
    My Bikes
    Masi (retired), Giant TCR, Eisentraut, Jamis Aurora Elite, Zullo (trainer bike), Cannondale, Stumpjumper, Waterford(N+1), Tern D8 (N+1)
    Posts
    2,844
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I buy a bike based on my current needs and wants. Resale never enters the picture, I haven't resold a bike in 25 years.
    I don't do vintage, I bought them new, rode them, kept them. Now they are just old bikes
    http://www.flickr.com/photos/bustercrb/sets/72157623483647522/

  15. #15
    Senior Member
    Join Date
    Oct 2006
    Location
    Orange County, CA
    Posts
    2,334
    Mentioned
    4 Post(s)
    Tagged
    0 Thread(s)
    If you have the patience to troll craigslist and the various classified forums, you can actually make money. Here's my short history:

    Bought 2004 Allez for $400, rode it for 6 months, flipped it for $450.
    Bought 2005 Roubaix for $700, rode it for 2 years, flipped it for $850.
    Bought 2008 Intense Fenix for $800, probably can flip it for at least $1200 a few years down the road.

  16. #16
    .
    Join Date
    May 2006
    Location
    Hillsboro, Oregon
    My Bikes
    Moots Psychlo-x ybb, Soma ES, Trek 950
    Posts
    3,783
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    I would expect someone that's been on bikeforums and has been an cyclist for awhile, not to consider the bicycle a toy. I see them as transportation and like any good that is disposable, it is going to decrease in value to a point where someone finds it a collectors item. Then the value *could* go up. A house is not disposable so there is always a chance you could end up making money off it when you sold it due to market value of homes in your area.

    I've never made a dime off a bike when I sold it and usually lose money. However, I don't go into a purchase of a consumer good thinking of what I'll get out of it when I sell it. Selling it doesn't cross my mind.
    Demented internet tail wagging imbicile.

  17. #17
    Senior Member wahoonc's Avatar
    Join Date
    Jan 2005
    Location
    On the road-USA
    My Bikes
    Giant Excursion, Raleigh Sports, Raleigh R.S.W. Compact, Motobecane? and about 20 more! OMG
    Posts
    16,303
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Sounds like one of those people that knows the price of everything and the value of nothing....

    I buy bikes that I want, if I no longer want them I sell them for what ever I can get for them. Quite often I give them away, however I don't buy particularly expensive bikes.

    Aaron
    Webshots is bailing out, if you find any of my posts with corrupt picture files and want to see them corrected please let me know. :(

    ISO: A late 1980's Giant Iguana MTB frameset (or complete bike) 23" Red with yellow graphics.

    "Cycling should be a way of life, not a hobby.
    RIDE, YOU FOOL, RIDE!"
    _Nicodemus

    "Steel: nearly a thousand years of metallurgical development
    Aluminum: barely a hundred
    Which one would you rather have under your butt at 30mph?"
    _krazygluon

  18. #18
    XR2
    XR2 is offline
    Senior Member XR2's Avatar
    Join Date
    Aug 2009
    Location
    the foothills
    My Bikes
    88 Bridgestone T700
    Posts
    938
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Nope. I consider transportation money gone once I spend it.
    I owe-therefore I am.

  19. #19
    Banned
    Join Date
    Jun 2009
    Posts
    4,793
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    The whole "resale value" idea is an outgrowth of someone wanting something for nothing. Live in a house you "paid" $50,000 for, spend $5000 a year on mortgage payments, $170 a month on utilities, and turn the "purchase" for $55,000. All you've really spent is the utility money and whatever costs were involved in the transaction. Sounds not only GOOD, but to the greedy ones, ESSENTIAL.

    I don't roll like that; since you really can't live for free in today's society, I look at the house payment as rent. It's cheaper than an apartment, has more space, and I can do what I want with it, but I'm NOT looking at turning over any money out of it. In fact, I may just do a "reverse mortgage", and let the bank have the house when I die. My daughter has already expressed the burning desire to move Down Under, so I don't need to will the property to anyone; my dad's estate, with multiple rental properties, was a friggin' nightmare.

    It's the same with cars and bikes. I buy what fills my needs, and since my needs don't change, why swap out what works? WEAR IT OUT.

    (BTW: my present bike, a daily beast of a MTB, has outlasted every car I've ever owned -- and no longer do.)

  20. #20
    Senior Member
    Join Date
    Jun 2010
    Posts
    817
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    The ONLY thing I have ever considered "resale value" on prior to purchasing was the now-ex-wife. The resale value was exactly what I expected when I made the purchase - nothing.
    -----------------------------------------
    While others have labelled me antisocial at various times, it's actually not true. I just don't like people.

  21. #21
    Bianchi Goddess Bianchigirll's Avatar
    Join Date
    Apr 2009
    Location
    Camp Hill, PA
    My Bikes
    Too many to list here check my signature.
    Posts
    20,685
    Mentioned
    46 Post(s)
    Tagged
    1 Thread(s)
    the only time I think about resale value of my bikes is when the Boss talks about layoffs!
    Bianchis '87 Sport SX, '90 Proto, '90 Campione del Fausto Giamondi Specialisma Italiano Mundo, '91 Boarala 'cross, '93 Project 3, '86 Volpe, '97 Ti Megatube, , '90 something Vento 603,

    Others but still loved,; '80 RIGI, '80 Batavus Professional, '87 Cornelo, '09 Motobecane SS, '?? Jane Doe (still on the drawing board), '90ish Haro Escape

  22. #22
    Senior Member longbeachgary's Avatar
    Join Date
    Sep 2008
    Location
    Beautiful Long Beach California
    My Bikes
    Eddy Merckx MXL; 2012 CAAD10; 2013 CAAD10 - The Silver and Black; Cannondale CAAD10 DI2 - The Black Dahlia; 2013 Cannondale CAAD10 DI2, The Black Mambo
    Posts
    3,273
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Buying something that you don't really like that much because of resale value doens't make sense to me. Buy what you like and you may just use it more.

  23. #23
    Senior Member
    Join Date
    Apr 2007
    Posts
    3,523
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    Thinking about resale value on a $2,000 bicycle is crazy even if there was a meaningful difference between the two. First, I ask anyone to show me that there is a difference and second, if there is, show me it's meaningful.

  24. #24
    Chargers Fan
    Join Date
    Oct 2010
    Location
    Orange County, Ca
    My Bikes
    2010 Roubaix Expert
    Posts
    62
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I buy investments for resale value. I don't buy depreciating assets like bikes, cars, motorcycles, etc. for resale value. I buy them mostly for fun - because I want it. I don't worry about whether item A will be sold for less of a loss than item B if I'll get more enjoyment out of B. There's two simple solutions to the worry of resale value -

    1. Don't sell it. Keep it and enjoy it for a long time to come.

    2. Don't buy it in the first place. Taking a loss at resale is part of the cost of ownership. If you can't take the loss, but don't want to keep it, then you really couldn't afford it in the first place.

    If I can afford to pay cash for a bicycle that costs more than some people's cars, I can afford to take a loss when I sell it to buy another bicycle. I have no idea what the resale value on my bike would be, and I don't really care. If I see something else I like better at some point, I'll sell it for whatever is fair value, buy the new one, and move on. If the hit in value affected my monthly budget in some meaningful way, well then I probably shouldn't have been buying expensive bicycles in the first place!

  25. #25
    I'm Carbon Curious 531phile's Avatar
    Join Date
    Aug 2005
    Location
    Earthquake Central
    My Bikes
    Enough
    Posts
    2,195
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    If he is worried about resale value, he should buy used. There's a good chance he'll make most of his money back after 5 years. I have seen 4 year old $1600 bikes sell for $500. In 5 years time, I'm confident he would be able to get at least $350 for it. $150 depreciation is not bad considering the depreciation from $1600 to $500 that the first owner had to deal with.
    Last edited by 531phile; 01-01-11 at 10:54 PM.

    Quote Originally Posted by avner View Post
    I loled. Twice. Then I cried. Then I rubbed one out and cried again, but thanks for sharing.

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •