Hello everyone. My boss wants to buy my '97 Diamondback Racing V-Link 3.2 dual-suspension bike (w/LX gear). Due to severe back problems, I never got much riding time on the bike, so it's in excellent condition.
If I was selling the bike to someone I didn't know, I'd be comfortable asking a high price for it. My boss is a super nice guy and would give the bike the use it deserves, so I don't wantt to rip him off. If I paid $1100 for the bike in '97 and have ridden it only a few times with no wrecks, what should be my lowest asking price? Is there any fair formula I can cite to my boss for depreciating a bike's value?
Selling something to your boss can be a delicate situation, so I appreciate any advice you guys can give me. Thanks!