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Overpaying For A Bike

Old 06-11-17, 10:18 AM
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Overpaying For A Bike

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?
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Old 06-11-17, 10:24 AM
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I've overpaid for bikes that I really wanted.

No biggie.
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Old 06-11-17, 10:25 AM
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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.
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Old 06-11-17, 10:32 AM
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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.
Count me in! $150 for a Peugeot City Express several years back. Great shape, but about $100 more than I'd pay for it now.

Also, in retrospect I paid too much for my Paramount when all is considered. But hey, when a Paramount is staring you in the face and it's your size and it will support your local co-op...
No regrets.
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Old 06-11-17, 10:38 AM
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often paid too much but look at it this way, your friend has a bike he can ride from a reputable manufacturer which can be maintained or upgraded as long as they live. not bad really.
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Old 06-11-17, 10:39 AM
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Sometimes...but it all evens out in the end.
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Old 06-11-17, 10:41 AM
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It depends on how bad you want it, how fast you want it, how much you have available to you.

"Too much" is totally relative.
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Old 06-11-17, 10:47 AM
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I've overpaid a few time. Even if the price of the bike is fair, you have to figure in gas money to go pick it up. Then figure tires, tubes,cables, bar wrap and a saddle.
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Old 06-11-17, 10:58 AM
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I overpaid on an '87 Cannondale Black Lightning in rough but "I think I can elbow grease clean the paint back to health" shape. Found out some frame 'damage' upon further inspection (once home, of course) and the paint really was shot and poorly rattle-canned in spots. Lost my shirt on the thing, BUT sold it to a local fellow who volunteered at a coop here, leading me to discover it, volunteer at it, and have my now restored (former basket case) '74 Paramount come through the shop, leading me to buy it for a not-overpriced sum, and here I am.

So I agree, it does or certainly can even out. And if the bike is solid and hopefully kept (and kept up) for a long while, no matter what, he/she has a bike that is always ready to go and take them anywhere at a decent rate of speed for the effort. One of the reasons I like bikes as a more-than-hobby: the money spent is goes toward things that will last a long time, if they haven't done so already. They can be used, enjoyed, and "rediscovered" over and over again.
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Old 06-11-17, 11:07 AM
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Boulder is home to many Bling heavy bike shops, they cannot all run off internet sales, somebody there has Money.


Local Demand Pushes up Prices..






.....

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Old 06-11-17, 11:17 AM
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Yup, ive overpaid before. And ive sold for a loss before.
Its sorta taboo to say either around here, especially that second thing, since this forum is loaded with 'look at what i got for dirt cheap!' threads.
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Old 06-11-17, 11:18 AM
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Originally Posted by gomango View Post
i've overpaid for bikes that i really wanted.

No biggie.

+1
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Old 06-11-17, 11:25 AM
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Originally Posted by gomango View Post
I've overpaid for bikes that I really wanted.

No biggie.
Correct.

I have also overpaid for most every movie I have attended in the last decade. I don't wring my hands about that either.
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Old 06-11-17, 11:29 AM
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Certainly. When I have been looking for something for a while and it becomes available, I am willing to pay more than someone else might. If I ride it enough times, I figure it was not overpriced.
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Old 06-11-17, 11:29 AM
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Compared to the outrageous deals some people post here, I've definitely paid more than average for all my bikes except for my 80s mountain bike commuter, which I grabbed for $100. Turns out it needed a new front fork, and after looking around on ebay for awhile I said screw it and bought a new one for $70. So...yeah no ridiculous deals yet. Though there's a really crappy looking schwinn voyager on craigslist for $95 at the moment...I might try waiting a couple weeks and then send an offer.

And I purposely overpaid for my miyata 1200 because I really wanted it.

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Old 06-11-17, 11:37 AM
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Definitely, usually in a sudden, irrational surge of desire. But for many, I've 'underpaid' based on the pleasure I get from them. I've also got bikes that I still can't assess if I overpaid. What's the metric for it? Can I get my money back? I may never know.
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Old 06-11-17, 11:48 AM
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Ditto. I make it up by buying several more at a good price for dollar cost averaging.

;-)
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Old 06-11-17, 11:55 AM
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If you count up all the peripheral costs I've certainly spent more I should have. That's why I don't add up all those peripheral costs.

It has been said that a woman will buy something she doesn't need if she can get it on sale. A man will pay more than necessry for something he really wants.

I fall into the latter category.
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Old 06-11-17, 12:16 PM
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My Raleigh Competition frame. $80. A year later, I had a framebuilder have it stripped and examined. (I didn't trust the workmanship and this was a great(!) gravel bike. Out here, every steep descent has wicked washboard at the bottom.) So, ~$250 for the strip and powdercoat. But the framebuilder also added a WB boss, modified the Huret dropout hanger to the modern standard, cleaned up the mangled seat lug AND brazed all the joints and repaired several cracks in tubes from very poorly brazed lugs (bordering on none at all). All this, including the paint - $1000.

It's a wonderful ride. 531 at its best in a classic, very old-school format. With big, fat tires on horrendous roads, paved or otherwise, a true blast! And I can trust it completely now.

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Old 06-11-17, 12:23 PM
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Originally Posted by gomango View Post
I've overpaid for bikes that I really wanted.

No biggie.
Quite so. There are time you have to step up to get something you really want. IME, if you see it, you may never see one like it again. Case in point is the NOS, NIB Lejeune Champ du Monde I bought.
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Old 06-11-17, 12:50 PM
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I am a terrible salesman and an even worse negotiator. I tend to buy what inspires me...sometimes I get good deals, sometimes I don't. But either way...as long as I am ok with it, so what. I have overpaid for a bike that just screamed to me...then changed almost everything on it and sold off the parts for less than they were probably worth. All because I wanted the bike. Then wanted to change it. Then wanted money for other things more than I wanted the parts.

But in the essence of balancing out, I have gotten some free bikes and parts.
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Old 06-11-17, 01:21 PM
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Nope. Never. Not me, no sirree.

I learned a long, long time ago that "overpaying" bothers me more than "missing an opportunity." (I can allow "missed opportunities" to slip from my memory.)

(However, I have missed out on opportunities, and, tomorrow is another day...)
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Old 06-11-17, 01:48 PM
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Of course we all pay too much for our bikes cause we are just middle aged cheapskates!

Nahhh! to be frank, I've gotten very very good deals from BF C&V Forum members, and I thank them very much for understanding that us mortals have limited budgets (mostly from paycheck to paycheck) to satisfy our shared passion for C&V bikes.
Thank you very much guys!
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Old 06-11-17, 01:52 PM
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The pricing structure of seller pb**bikes on eBay is based on the need to overpay.
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Old 06-11-17, 02:00 PM
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Originally Posted by xiaoman1 View Post
Sometimes...but it all evens out in the end.
I might have more invested in my bikes than they are worth (if you look strictly at monetary value). I don't sell many bikes, so it's all hypothetical.

More importantly, I enjoy good personal health because I ride my bikes 300 to 500 miles per month.

Enjoying good health and a relaxing hobby is priceless. Monetary value is relatively meaningless.
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