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CL Ad: 1987 Schwinn Prelude. What would you offer?

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CL Ad: 1987 Schwinn Prelude. What would you offer?

Old 03-08-13, 02:11 PM
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dremel
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CL Ad: 1987 Schwinn Prelude. What would you offer?

Im considering picking up this 1987 Schwinn Prelude. The seller wants $230. I think thats a little high, what do you guys think would be a fair offer for the bike?

thanks for the opinion/help.

Danny

Last edited by dremel; 03-09-13 at 12:35 AM. Reason: seller deleted CL ad.
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Old 03-08-13, 02:17 PM
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Number400
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I sold a cherry 1986 Prelude in that color for $150. I would have liked to get a little more but that's what the going market rate was. There is your comp so start there and hopefully you will get it for under $200 and both parties will be happy.
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Old 03-08-13, 02:29 PM
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My understanding is that SF is a prett hot market, in which case $200 might be about right. Here in WNY, I'd cut that figure in half.
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Old 03-08-13, 03:48 PM
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I think that is an '86 not that it matters. I was planning on selling mine in the spring for about that money but mine has fresh grease and tape and cables
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Old 03-08-13, 03:48 PM
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Thats what I hate about SF. I sent the seller an offer of $180. Hopefully they'll accept. Thanks for the input!
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Old 03-08-13, 05:06 PM
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Around here, I would want to pay $175 max. But in your market, $230 is probably not out of line. Then again I am a big fan of the later 80s Schwinns.
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Old 03-08-13, 06:19 PM
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If it's straight, no rust or dents, stem and/or seatpost not stuck, $230 is a fair price in San Francisco. It's not a screaming deal, but not overpriced either. The '86 was Bright Blue, and the '87 was Midnight Mauve (similar colors).

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Old 03-08-13, 07:21 PM
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Originally Posted by dremel View Post
Thats what I hate about SF. I sent the seller an offer of $180. Hopefully they'll accept. Thanks for the input!
Negotiate in person, with cash. A savvy seller deletes email offers as it only commits the seller.

Ad was just put up today, and you sent an offer for $50 under asking price. Can you share the reasons you think the price is high?


$230 is a reasonable price for a hot market like San Fran. I would be surprised if it doesn't sell at close to asking price. The only ways it sells for less are if the seller is not patient or not knowledgeable.



Edit: The more I look at SF C/L, the better deal this Prelude appears to be. I would go grab it.

If you want to spend less, consider buying outside your area.

I see quite a few Walmart bikes pushing $200 on SF C/L or more, and a 1984 World Sport for $280 and a UO8 for $370. Not sure they will get any of these prices of course.

But I do not see a bike as nice as the Prelude for $230.

FWIW, the lowest I have sold a Prelude for here in Hooterville is $200, and I have sold several. $200 to $225 is the norm for me on a Prelude, fully refurbished and ready to ride. $175 is the norm for a lower mid level vintage bike, a step down from the Prelude.


Here's two examples, I could put up dozens more. Entry level Nishiki, claw RD hanger, missing drop bars and levers, stem shifters, steel chain rings, steel seat post, looks like steel rims, $250 ($100 to $120 bike max here).

Or how about a Firenze for $180 instead ($50 bike here)....

https://sfbay.craigslist.org/sfc/bik/3661493096.htm


https://sfbay.craigslist.org/sfc/bik/3662534365.html

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Old 03-08-13, 09:45 PM
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$200 is about right for that Prelude. As Thrifty Bill says, it is Sellers market in the Bay area.
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Old 03-08-13, 09:53 PM
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I really lucked out last fall. I went to a yard sale and asked the lady if there were any bikes for sale. She said she had an old ten speed in the basement that hadn't been used in years. I took it home for 20 bucks. Same bike.

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Old 03-08-13, 10:18 PM
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Originally Posted by otg View Post
I really lucked out last fall. I went to a yard sale and asked the lady if there were any bikes for sale. She said she had an old ten speed in the basement that hadn't been used in years. I took it home for 20 bucks. Same bike.
You stole it.
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Old 03-09-13, 12:34 AM
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OTG you definitely lucked out.

I met the sellers at their home tonight, and it turns out they are "pickers". The seller told me they picked up the bike for "cheap" at an estate sale. They knew nothing about bikes, and just looked over the craigslist bike page and priced the bike competitively.

After telling them about my experience with Preludes (what I read online before I went over hehe) I ended up leaving with the bike for $180. Its not a $20 steal, but I think both parties were happy in the end. Ill post pictures tomorrow.
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Old 03-09-13, 01:21 AM
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Originally Posted by dremel View Post
I ended up leaving with the bike for $180. Its not a $20 steal, but I think both parties were happy in the end. Ill post pictures tomorrow.
Nice score.
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Old 03-09-13, 06:56 AM
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Quite a score when you see Firenzes for that price in your market! Sometimes, buying from a picker is a great option, as they are just looking to make money FAST, and are not hung up on getting top dollar. I have bought many bikes from pickers, one was a guy five seconds ahead of me at a thrift store. He got his hands on it first, I gave him $50 to give me the bike, and I still had to pay for it!
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Old 03-11-13, 07:09 PM
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87 Schwinn Prelude

Good deal! I sold my mauve Prelude last summer for 250 here in SoCal. (Good condition, ready to ride, but not excellent).

It's a really nice ride!

Drew
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