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New or Used - Help me decide

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New or Used - Help me decide

Old 01-03-18, 11:52 PM
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New or Used - Help me decide

So I'm on the waitlist for a new bike, but in the meantime I've gotten the opportunity to buy the same bike, used. I would save about $600ish by buying the used one, which is about 3 years old and is owned by a bike mechanic. It appears well maintained. That being said, part of me wants to just go with the new one and remove all uncertainty with frame condition and component wear and tear. $600 is about 15% savings, which isn't an insignificant sum but I can swing it at the moment.

Am I being an idiot for wanting to buy new?
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Old 01-04-18, 12:44 AM
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For only 15% savings I'd go with the new one. You'd probably lose the warranty buying used and that alone would be worth more than 15% to me.
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Old 01-04-18, 05:12 AM
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a bike Mechanic working at a bike shop probably got that bike for next to wholesale price. I got like 31% off a new bike price and the shop still make GOOD money.

I'd wait for the new one!
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Old 01-04-18, 06:27 AM
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Flip a coin.

If you find yourself saying "Oh crap!" with the result, do the opposite.
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Old 01-04-18, 06:47 AM
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Originally Posted by Retro Grouch
Flip a coin.

If you find yourself saying "Oh crap!" with the result, do the opposite.
I love this advice!

To the OP, go new if you want new. It's not often that one buys an expensive bike. If getting new is part of the experience you've been priming yourself for, then get the new bike.
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Old 01-04-18, 07:10 AM
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Normally I favor the cost savings of buying used, but it doesn't seem like you're saving enough in this case.
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Old 01-04-18, 08:16 AM
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So it's a $4000 new and you can get a three year-old one for $3400. Go for the new one.

For a three year bike $3000 would be more interesting.
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Old 01-04-18, 08:39 AM
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Go new. I saved 400 just buying a new 2017 model versus a 2018. Buying a 3 yr old used bike for only $600 savings seems like not a particularly great deal.
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Old 01-04-18, 11:26 AM
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I would expect that a 3 yr. old bike would be at most 75% of the new cost and not a great deal at that. I'd probably make the seller a take it or leave it offer at a price that makes it a better value. You decide what that would be so that if they say yes, you won't have any regrets. If he says no, wait for the new one.

The other thing to consider is what you are doing to the shop that is ordering the bike for you. Are you going to stick them with inventory that is going to be hard to move? If you do buy the used bike at minimum, you should call them immediately so they can cancel the order with the manufacturer.
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Old 01-04-18, 12:22 PM
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NEW!! I love getting a BRAND NEW bike...used is still great but nothing like getting new!
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Old 01-04-18, 02:12 PM
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Many bike shop mechanics are able to get "pro" deals from suppliers which are cheaper than the price the shop pays. A 15% discount off current retail on a 3 year old bike is a ripoff. A fair price on that bike would be no more than 50% of the original retail price
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Old 01-04-18, 06:16 PM
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Originally Posted by Ogsarg
I would expect that a 3 yr. old bike would be at most 75% of the new cost and not a great deal at that. I'd probably make the seller a take it or leave it offer at a price that makes it a better value. You decide what that would be so that if they say yes, you won't have any regrets. If he says no, wait for the new one.

The other thing to consider is what you are doing to the shop that is ordering the bike for you. Are you going to stick them with inventory that is going to be hard to move? If you do buy the used bike at minimum, you should call them immediately so they can cancel the order with the manufacturer.
++
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Old 01-04-18, 11:35 PM
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this is the guy's personal bike, not something being sold through the shop. i think he's offering a pretty fair price based on the components on the bike.

i'm on the waitlist with a local framebuilder, and they keep a pretty consistent list for this particular model, so i feel confident that they wouldn't be stuck with something they couldn't easily sell.

thanks for the input everyone.
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Old 01-05-18, 12:34 AM
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Get the new bike.
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Old 01-05-18, 10:48 AM
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15% savings for a 3 yr old bike? Not me. A few years ago I got a 1 yr old used Trek Madone, in almost new condition, with only 2k miles on it, for 50% off.
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Old 01-05-18, 11:00 AM
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Exactly. One of my favorite tricks is to search CL for the keyword "thought", as in "I thought I'd buy an expensive bike and be all awesome and ride all the time and land a gig as a TdF champion, but it turns out I'm out of shape and lazy, so now I'm selling this bike with 20 miles of use for half what I paid"
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Old 01-05-18, 11:09 AM
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You can often pick up model year old bikes, new, nearly half off around me this time of year. My last purchase was a model year old, new, at 35ish percent off.

Unless the bike has been significantly upgraded, 15% off wouldn't be worth it for a three year old used bike
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Old 01-05-18, 11:12 AM
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a 15% difference being $600 you are probably overspending on too much of a bling bike and should be more realistic
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Old 01-05-18, 11:13 AM
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Originally Posted by Riveting
15% savings for a 3 yr old bike? Not me. A few years ago I got a 1 yr old used Trek Madone, in almost new condition, with only 2k miles on it, for 50% off.
Yes, 15% off is typical for a new bike that's just been hanging in the bike shop for a year and still comes with the full warranty. A three year old bike that's been ridden at all by the original buyer needs a far greater discount to be worthwhile.
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Old 01-05-18, 11:19 AM
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Originally Posted by drew3
this is the guy's personal bike, not something being sold through the shop. i think he's offering a pretty fair price based on the components on the bike.

i'm on the waitlist with a local framebuilder, and they keep a pretty consistent list for this particular model, so i feel confident that they wouldn't be stuck with something they couldn't easily sell.
OK this is new information that would have been useful in the OP.

So the bike we're talking about is a custom-built local bike? If that's the bike you're set on, then the supply/demand picture is quite different, and the economics change radically.

If you have the opportunity to buy this dream bike now, well-maintained by a competent mechanic-owner, for 15% off, instead of waiting to pay full price, then I say buy used now.
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Old 01-05-18, 11:23 AM
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FWIW I would go with a new bike especially if it has a lifetime warrenty.
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Old 01-05-18, 06:20 PM
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That mechanic is trying to make a big profit off his 3 year old bike, it should be half the price of the new bike as previously mentioned. New bikes are sweet, get it!
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Old 01-05-18, 06:32 PM
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Get the new bike, or you'll always wonder if there was a difference, and the new bike was better. A bike that expensive shouldn't be bought used just to save a few bucks. I just think you'd be cheating yourself.
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Old 01-06-18, 01:19 AM
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Originally Posted by fietsbob
a 15% difference being $600 you are probably overspending on too much of a bling bike and should be more realistic
you know, i've thought a lot about if i have any business spending this kind of money just in general on any bike. but the reality is it's not that hard to get up to $3.5-4k with a made in US frame, dyno hub, hydraulic disc brakes, sti shifters, rack, fenders, lights, some otherwise modest components, and tax/shipping. unfortunately i don't have the knowledge or the tools to build up the bike myself so i am relying on the build prices that i am presented with.

and the bike in question is an elephant nfe, which i'm not quite sure qualifies as a "bling" bike.

got some updated for 2018 prices today for the new build i'm interest in which makes the used option a little more desirable. bike shopping is fun.
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Old 01-06-18, 06:22 AM
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Originally Posted by drew3
and the bike in question is an elephant nfe, which i'm not quite sure qualifies as a "bling" bike.
That's a nice frame! Are you having it built with 650b wheels?
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