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Overpaying For A Bike

Old 06-11-17, 02:04 PM
  #26  
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I almost over paid for a Bike recently
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Old 06-11-17, 02:04 PM
  #27  
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Well, I guess if you look at the long game we've all overpaid...after all how many bikes can we ride or do we need?
I can't take it with me and as someone on the forum said, "I hope my family doesn't sell my stuff for what I told them I have paid."
Buy them while you still can, ride them while you still can, what's a few buck in a few years going to mean to you a few cups at Starbucks or a dinner out...the only time it hurts is when you don't realize that
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Old 06-11-17, 02:09 PM
  #28  
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Originally Posted by Kevindale View Post
It's safe to say that most people overpay for their first bike, or if they haven't bought a bike in a long time and don't really know that much about bikes. The important thing is your friend didn't make this mistake in buying a brand new bike. It's easy to over pay by many hundreds of dollars, or more, on those. I've seen people go out and spend $2000 for a new bike, when what they needed was either a $500-600 new entry-level bike, or a $200-400 used bike.

brother: you've been reading my mail!

about 5 years ago I got the bike bug after not riding for about 20 years. I had the local bike shop build a bike from an ordered Waterford frame and I chose individual components. the final product was beautiful, but I didn't realize what I was creating. I ended up riding it about 3 times and then selling it for less than 20% of what it cost me in dollars.

what I did get for my money was an education, so I consider the shortfall from selling to be my tuition. and I've been told the buyer (the LBS guy acted as broker) gave it to his father as a gift. so it all good, and we need to move forward!
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Old 06-11-17, 02:59 PM
  #29  
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I'm thinkin' about what "overpaying for a bike" really means. The truth is, I could never have bought bikes as good as what I have now for what I paid for them. I've struck gold, bikes I never dreamed of owning, rarely even heard of, in some cases never heard of, for far less money in comparable dollars than what I would have paid when they were new. Of course they aren't new, and that make them even better!
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Old 06-11-17, 03:30 PM
  #30  
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It is interesting to note though, that C&V market values had pretty much plateaued, and in many cases, even slid down quite a bit in the last few years (in the now waning(?) years of the retro bike fad)......
Those who think that they had overpaid a few years ago might be feeling a bit awkward when assessing the present values of their collections......and felling that they overpaid even much more for their bikes......
I think it's turned into a buyer's market out there today and it's time to find and buy your dream bikes while things are "quiet".....
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Old 06-11-17, 03:39 PM
  #31  
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I believe I have actually made a slight profit on vintage bicycles that I've sold, taken all together. However, that margin is far from reimbursing me from the heavy losses I took on two new bicycles I bought and sold within a couple of seasons, which both cost in the $3,000 range. I told myself I'd never buy a new bicycle again, but just the other day I broke that rule. I am waiting for a brand new Raleigh Grand Vitesse that I purchased on Ebay for the amazing sum of $600. So, I think that will go a long way towards making up for the previous busts!

As far as bikes that I have not sold are concerned, I can't really say if I've overpaid. Certainly the Centurion Le Mans I built up as a fixie is not worth what I paid in parts, materials and labor. The same can be said for my Raleigh Super Course 12 that will soon be restored a second time at great expense compared to the market price of the bicycle. A couple of other bikes I have may turn a profit, if I were to sell them.

-Gregory
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Old 06-11-17, 07:43 PM
  #32  
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I'm a hard fit because I'm pretty short. So when I find something I like I need to take into account whether I'll see another one I can ride, any time soon. And I now have N so I'm satisfied. Paid too much? Maybe, but I have what I wanted. Gomango said it best.

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Old 06-11-17, 07:56 PM
  #33  
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Money comes and goes, bikes are forever
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Old 06-11-17, 08:38 PM
  #34  
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without seeing the bike, a 10 year old trek mountain bike that OP mentions doesn't sound that outrageously priced..?
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Old 06-11-17, 09:32 PM
  #35  
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I've overpaid for a couple bikes in the past few years. A couple of them I never should have even bought, but I learned from it all. Though with my Hardrock, I was okay with overpaying a bit because it was nearly brand new, fit me, and I just really wanted it...that mattered more.
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Old 06-11-17, 09:52 PM
  #36  
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Have i overpaid for a bike???
Definitely on a couple.
Probably on a couple more.
Maybe on even a couple more.

for the record, i agree with @frantik = without seeing the subject old Trek, it probably would have been listed on Seattle CL for $450 and sold for $325.
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Old 06-11-17, 10:48 PM
  #37  
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I have overpaid for the bikes that I have purchased and not gotten enough for the bikes that I have sold.
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Old 06-11-17, 11:38 PM
  #38  
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Originally Posted by vonfilm View Post
I have overpaid for the bikes that I have purchased and not gotten enough for the bikes that I have sold.
Really, it's hard to be in one of those situations and not the other.
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Old 06-12-17, 04:02 AM
  #39  
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Yup. Bought one in the dark. Drewed, damaged parts, but running, and rattle canned. I really wanted something to ride with all my rides on the other side of the country. That experience taught me a lot. My first Pinarello, was negotiated to half the asking price because of this one experience.

The second one was purchased with a lot of ignorance on my part, I was a sucker for chrome lugs and thought the bike was more than it is.
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Old 06-12-17, 04:27 AM
  #40  
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When I first developed an interest in vintage road bicycles, I managed to make just about every mistake possible with the first bike I refurbished. Though the bike, which was too big for me and bent to boot, was free for the taking, I ended up spending considerably more than it was worth...



Fortunately, I realized that after the fact, but then along came another Canadian bike, a CCM Formula 1 in excellent original condition. Nearly swooning, I dropped a hundred bucks for that horrible to ride beast...



And I darn near blew it, again, with my late thirties something CCM "Road Racer, but came to my senses when I figured out that restoring it would break the bank...



I am sure that there are others, that have given me less bang than the buck given, but none come to mind, at the moment. That said, for me it is not about over paying or under paying. It is just about having fun doing something that I love to do - find, fix up and ride old road bicycles...
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Old 06-12-17, 04:52 AM
  #41  
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Originally Posted by Colorado Kid View Post
A friend just bought a used Mt. Bike from about ten years ago. I went over and saw it. Worn out Trek with many, many miles on it. (He paid way too much for it. $200.00) Has anyone on this list paid too much for their bike?

Well, let's see . . . I bought a Sachs and a S-Works road bike last year. Think I spent a bunch of $$? But, both of them make me happy when I see/ride them. At the current cost of good therapy, I figure both were good investments. AND, rolling up on either one is like showing up at a school reunion with a 21yo hottie. Everyone knows you are out of your league, but still . . . . . . Just saying.
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Old 06-12-17, 05:41 AM
  #42  
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Unless somebody is holding a gun to your head and forcing you to fork over your money, you can't overpay. Like anything else, a bike is worth exactly what somebody is willing to pay. Frankly, I get more concerned by some of the accounts that I have read and heard about people obtaining very rare and desirable bikes from unwitting family members or owners under duress and offering WAY too little.
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Old 06-12-17, 05:45 AM
  #43  
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OP, does your friend feel he paid too much, or is this just your own feelings about the purchase? Not trolling you, just curious about the viewpoint this is coming from is all. Some people may feel they got a bargain for a bicycle they had sought after, and at the same time others can look at the transaction, and at the bicycle's condition/price/desirability to others, and feel the buyer was crazy to pay the price they did.

Have I ever paid too much for a bike? Yes to be honest with the answer to your question. You can be blind to some flaws when its a model of bike that you thought would be your grail bike. Then the next morning, and the sunlight brings out everything much clearer, reality slaps you upside your head for what you just bought. BTDTGTTSPAC (been there, done that, got the t-shirt, poster and CD)

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Old 06-12-17, 06:08 AM
  #44  
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I felt like I overpaid for my 1984 Trek frameset (and a few components) but it was something I had wanted for several years and it's rare to see one for sale, even on the forums where like-minded folks hang out. Turns out, the price I paid was right in the middle of the range listed on VintageTrek.com.

OTOH, I bought a complete 1983 Takara Highlander MTB for $50. The bike had cro-mo main tubes, a Suntour Mountech derailleurs & shifters, Dia Compe cantilevers, the fancy seatpost and stem that bring a premium on E-bay and a really, really nice 110/74 triple crankset. Probably the only deal I've gotten on a bike related purchase.

I'm pretty sure there is a Rivendell in my future and in absolute terms, I'm sure I'll overpay (compared to other options) but in relative terms, worth it.
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Old 06-12-17, 09:59 AM
  #45  
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Unless somebody is holding a gun to your head and forcing you to fork over your money, you can't overpay.
I strongly disagree! Ignorance, regarding the values of vintage bicycles can, and often does result in over paying as well as under selling. In fact, that is one of the reasons I built my website, to help those who don't know, know.
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Old 06-12-17, 10:23 AM
  #46  
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I definitely went over my usual stingy limit to pick up a cool 1997 Trek UAV 1 "performance hybrid" because it has a Manitou 700C suspension fork. I'm planning a monster cross/gravel build.
I'm pretty sure I have an overall profit over the last 10 years because I have had pretty good luck, coupled with a trained eye; I've been able to score some great deals and flip them or part them out.
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Old 06-12-17, 11:58 AM
  #47  
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I bought a Schwinn Varsity for $0 at the dump. It ended up costing too much time and money to get it rolling. It looked great, but it wasn't. Lesson learned.
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Old 06-12-17, 12:55 PM
  #48  
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I overpaid for every bike after the first one- even the ones that were spectacular deals.
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Old 06-12-17, 01:07 PM
  #49  
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I've been really lucky. I don't think I've truly ever overpaid significantly for a bike. +-$20-$30 doesn't count. The bike I "overpaid" the most for was an old schwinn Impact M.O.S. I think I picked it up for ~$75 in non-running condition. Now that I know better, it was probably only worth ~40-50.

Actually, I lied.

I have overpaid for a bike. It was the one and only bike I've ever bought at a bike store. $1200 for a 2 year old, old stock, relaxed geometry, aluminum bike equipped with SOME 105 parts (not even a full groupset.) And it didn't even fit me... Sold it a year or two later for $450.

That $450 bought me two high end vintage steel frames with dura ace and ultegra components, both of which I could easily sell for ~$400 now.
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Old 06-12-17, 01:39 PM
  #50  
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I can't think of a bike I actually overpaid for, but I did build up a fancy bike I couldn't afford when I was unemployed. I'm out of debt now, but that was a dumb move. Unless I can look at the experience as therapy. I'm not sure that's right.
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