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Old 05-04-06, 07:50 PM   #1
tspinning
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New (used) bike question

Hello all,

I'm on the hunt for a new bike as mine was stolen last weekend. Let's not dwell on this much longer, the season is here and I want to put the bad behind!

I happen to have a huge "Bike Swap" coming up on saturday at all the local shops in my town (this was really cool to find out) and happen to have been talking to someone who knows about a very well kept Rocky Mountain Slayer, year 2002. I know the rear end had a recall at one point, but if this one has the replacement (beefier from later model year) and shows no signs of true abuse, what do you all think a fair price would be.

http://www.epinions.com/bicycles_200...ay_~full_specs

Sadly I'm not sure the exact specs on this ride as things might have come and gone over time (did i mention the owner actually worked at a bike shop??) but found this link to help shed some light.

Any owners around here also? I did a fourm search, but didn't see much on reviews.

Thanks for the read

Tspin
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Old 05-05-06, 08:59 AM   #2
tspinning
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Oh come on, there must be one person with some input on this bike~!
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Old 05-05-06, 09:06 AM   #3
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What it is worth is basicly what seller is willing to sell it for and what you are willing to pay. One way to get a good idea is to search ebay for completed auctions.

In my opinion the bike is worth about $500 - $700.

The way my formula (accurate or not) works is first year take off 50% of value. After that take off 25% per year.

2002 - new $2450
2003 - $1,225
2004 - $920
2005 - $690
2006 - $520
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Old 05-05-06, 10:32 AM   #4
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Quote:
Originally Posted by LowCel
What it is worth is basicly what seller is willing to sell it for and what you are willing to pay. One way to get a good idea is to search ebay for completed auctions.

In my opinion the bike is worth about $500 - $700.

The way my formula (accurate or not) works is first year take off 50% of value. After that take off 25% per year.

2002 - new $2450
2003 - $1,225
2004 - $920
2005 - $690
2006 - $520

That makes my '98 cannondale (about $2000 new) worth $133!
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Old 05-05-06, 10:38 AM   #5
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That makes my '98 cannondale (about $2000 new) worth $133!
LOL, sorry about that. Like I said not always completely accurate. It just seems that is pretty close to what bikes usually sell for used on places such as ebay. Once bikes get over four or five years old it's just finding someone willing to pay as much as you are willing to sell it for. Actually, I guess that is always the case.

This bike in particular was owned by a bike shop employee. Was he also a racer? Most shop employees I know abuse their bikes on a pretty regular basis.
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Old 05-05-06, 11:33 AM   #6
tspinning
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Yea, I didn't actually get to talk to the owner, he had left for the day, so i'm hoping to catch him at the shop tonight. If he raced it I'll be going lower on cost, rumor has it the bike is 800-850 in range. I'm not sure how much barter is allowed at these things, but it seemed like a deal if it was in great shape (and had the rear section replaced
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Old 05-05-06, 12:53 PM   #7
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Quote:
Originally Posted by LowCel
What it is worth is basicly what seller is willing to sell it for and what you are willing to pay. One way to get a good idea is to search ebay for completed auctions.

In my opinion the bike is worth about $500 - $700.

The way my formula (accurate or not) works is first year take off 50% of value. After that take off 25% per year.

2002 - new $2450
2003 - $1,225
2004 - $920
2005 - $690
2006 - $520

I wish ebay worked that way. It is more like a $2450 bike from 1997 being worth $520 today. (or sometimes more)
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Old 05-05-06, 01:18 PM   #8
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Originally Posted by Portis
I wish ebay worked that way. It is more like a $2450 bike from 1997 being worth $520 today. (or sometimes more)
This is generally just a good rule of thumb for bikes a few years old, not ten years old. If someone is willing to spend that much on a bike that is ten years old then congratulations to the seller. I know I wouldn't be willing to spend that much money on a bike with ten year old technology, unless of course it was a classic such as a "real" Schwinn Homegrown or a Fat Chance "yo eddy", something along those lines.
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