Originally Posted by
Odin99
Anyone who flips vintage bike also dabble in modern road bike 'flipping'?
I'm talking about grabbing modern bikes that are under priced (say bikes with 9-10 speed shimano 105 or better)? Granted, this involves spending more $$ upfront on a flip (usually $250-600), but the profit margin is also significantly larger ($250-700). (example: paid $200 for a giant OCR w/9spd 105, sold for $550, paid $500 for a giant w/ 9spd DA - sold for $1000). hopefully this isn't too far off topic for C&V, but I've now done this for the two examples above and the profit margin just seems so much larger... am I really now just a used car salesman since these bikes needed nothing to get them running?
A third of my road bike flips this year have been modern bikes. And yes, the margin on the modern stuff tends to be higher, along with the acquisition price. And they usually require a lot less work. And they sell faster (at least around here). So even though I personally prefer vintage bikes, the market around here prefers the modern stuff.