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1998 Giant Kronos Road Bike

Old 10-28-15, 11:52 AM
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chexican
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1998 Giant Kronos Road Bike

Hello, newcomer here. Don't really know much about bikes so any advice from those experienced would be fantastic.

I'm trying to buy a 48-50cm road bike locally on Craiglist... How does this bike look? GIANT KRONOS ROAD BIKE

It's a 1998 Giant Kronos bike for $195. The person claims it was was tuned up 2 months ago and is ready On Bicycle Blue Book, it states $145 is the maximum private party value for a like-new 1998 Giant Kronos. Thoughts? Is it worth it?

Thanks!
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Old 10-28-15, 11:58 AM
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bikemig 
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Blue book is generally low; you can use it to negotiate but this price isn't bad. This is a pretty nice bike and looks in decent shape. The tires are pretty good; this bike has been taken care of. It will make a good rider if it fits and the price, while no screaming deal, is certainly fair.
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Old 10-28-15, 12:18 PM
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Ignore BB claimed value as it doesn't take into account season, location, or local inventory and those 3 things greatly affect pricing. If the cables look clean(no rust on the exposed cable), the wheels spin true, and the bike fits- its probably been taken care of and is worth the money. Take it for a ride, something like 10min even, to make sure you like it. I am constantly amazed at how few people even jump on the bikes that I refurbish and sell.
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Old 10-28-15, 02:40 PM
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That's a more than reasonable price IF the bike fits you, and everything works.

Check the shifters out, and make sure that they are working 100%. You can get early STI shifters serviced (late STI shifters are not serviceable) if they are not perfect, but it will cost you about $60 a pair.

The prices listed in the Bicycle Blue Book are often quite different from the real world. The fact if, STI shifters are expensive, and any bike with working STI shifters is going to have a base market value higher than a bike without, because of the market value of the shifters. The Blue Book does not take into consideration the market value of the component group. You could strip the frame of that bike and sell the group with wheels for $300-$400 (with working shifters). So the value of the bike can't be $145.

If I were you, I get $200 in cash and go see that bike RIGHT NOW. If it fits, and everything works, make an offer of $150. You can try to make a case based on the valuation from the Bicycle Blue Book. Be willing to pay the $195 asking price, if the Seller will not budge, if the bike fits, and is in the excellent condition in the photos.
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Old 10-30-15, 02:49 PM
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Originally Posted by RoadGuy View Post
That's a more than reasonable price IF the bike fits you, and everything works.

Check the shifters out, and make sure that they are working 100%. You can get early STI shifters serviced (late STI shifters are not serviceable) if they are not perfect, but it will cost you about $60 a pair.

The prices listed in the Bicycle Blue Book are often quite different from the real world. The fact if, STI shifters are expensive, and any bike with working STI shifters is going to have a base market value higher than a bike without, because of the market value of the shifters. The Blue Book does not take into consideration the market value of the component group. You could strip the frame of that bike and sell the group with wheels for $300-$400 (with working shifters). So the value of the bike can't be $145.

If I were you, I get $200 in cash and go see that bike RIGHT NOW. If it fits, and everything works, make an offer of $150. You can try to make a case based on the valuation from the Bicycle Blue Book. Be willing to pay the $195 asking price, if the Seller will not budge, if the bike fits, and is in the excellent condition in the photos.
you can get a brand new 11 speed group set without wheels for $360.... I agree with your value of a bike with brifters but not that high for that groupset and wheels.
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Old 10-31-15, 11:08 AM
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FWIW, I sold a very similar Kronos - same color! - a few years ago for $325. Of course, I completely rebuilt it, lubed the shifters, new tape, saddle, tires, etc. BTW, this is a steel frame, not an aluminum one, if memory serves.
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Old 10-31-15, 11:14 AM
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Originally Posted by RoadGuy View Post
That's a more than reasonable price IF the bike fits you, and everything works.

Check the shifters out, and make sure that they are working 100%. You can get early STI shifters serviced (late STI shifters are not serviceable) if they are not perfect, but it will cost you about $60 a pair.

The prices listed in the Bicycle Blue Book are often quite different from the real world. The fact if, STI shifters are expensive, and any bike with working STI shifters is going to have a base market value higher than a bike without, because of the market value of the shifters. The Blue Book does not take into consideration the market value of the component group. You could strip the frame of that bike and sell the group with wheels for $300-$400 (with working shifters). So the value of the bike can't be $145.

If I were you, I get $200 in cash and go see that bike RIGHT NOW. If it fits, and everything works, make an offer of $150. You can try to make a case based on the valuation from the Bicycle Blue Book. Be willing to pay the $195 asking price, if the Seller will not budge, if the bike fits, and is in the excellent condition in the photos.
+10 Great advice.
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Old 11-05-15, 05:24 PM
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chexican
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Hello all,

Thank you for everyone's advice! I really appreciate it. I want to see the bike, but the owner isn't answering any of my emails... I've given up on it, although it looks (and sounds) like a great bike.

Again, I appreciate everyone for the help! If the person gets back to me, I'll update you all.
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