Go Back  Bike Forums > Bike Forums > General Cycling Discussion
Reload this Page >

Determining fair value of a used bike

Notices
General Cycling Discussion Have a cycling related question or comment that doesn't fit in one of the other specialty forums? Drop on in and post in here! When possible, please select the forum above that most fits your post!

Determining fair value of a used bike

Old 05-23-21, 08:43 AM
  #1  
Telvis
Junior Member
Thread Starter
 
Join Date: May 2020
Location: Oak Point, TX
Posts: 7

Bikes: Trek Checkpoint ALR5

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Likes: 0
Liked 1 Time in 1 Post
Determining fair value of a used bike

I have been suffering from neck and shoulder pain and decided to go with a recumbent trike. I知 in my mid fifties and abused my body when young. The new recumbent has been a Godsend.

I知 planning to sell my two newest road bikes but I知 not sure what to ask. Are the values in bike blue book accurate? Both bikes are about a year old 2020 models. One is a Trek Checkpoint ALR 5 aluminum with carbon fork and shim and 105 gearset. I put about 2,500 miles on it but it痴 in near perfect condition. The other is a Trek Domane SLR5 full carbon. In excellent condition. It has about 1500 miles on it. I bought them both brand new. Not trying to sell with this post. I知 just trying to figure out a fair price. I just spent a ton on the trike so I知 hoping to cover some of its cost by selling these. The numbers on bike blue book look good but I don稚 know if they are realistic.

thanks,
Tim
Telvis is offline  
Old 05-23-21, 08:46 AM
  #2  
MattTheHat 
Senior Member
 
MattTheHat's Avatar
 
Join Date: Aug 2018
Location: Allen, TX
Posts: 2,256

Bikes: 2021 S-Works Turbo Creo SL, 2020 Specialized Roubaix Expert

Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 691 Post(s)
Liked 3,135 Times in 1,098 Posts
I’d say right now n the DFW area you would likely be able to do better than Blue Book values.
MattTheHat is offline  
Old 05-23-21, 08:50 AM
  #3  
Bryan C. 
nothing to see here
 
Bryan C.'s Avatar
 
Join Date: Sep 2007
Location: Antioch, CA
Posts: 561
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 217 Post(s)
Liked 131 Times in 73 Posts
Originally Posted by Telvis View Post
I have been suffering from neck and shoulder pain and decided to go with a recumbent trike. I知 in my mid fifties and abused my body when young. The new recumbent has been a Godsend.

I知 planning to sell my two newest road bikes but I知 not sure what to ask. Are the values in bike blue book accurate? Both bikes are about a year old 2020 models. One is a Trek Checkpoint ALR 5 aluminum with carbon fork and shim and 105 gearset. I put about 2,500 miles on it but it痴 in near perfect condition. The other is a Trek Domane SLR5 full carbon. In excellent condition. It has about 1500 miles on it. I bought them both brand new. Not trying to sell with this post. I知 just trying to figure out a fair price. I just spent a ton on the trike so I知 hoping to cover some of its cost by selling these. The numbers on bike blue book look good but I don稚 know if they are realistic.

thanks,
Tim
I just recently sold a couple low mileage high end bikes, road and MTB. I didn't get a response to my ad until the sale price was down to 50% of retail. $6500 road bike sold for $3000 and the $4000 mtb sold for $1900.
I was happy to get that much in return.
Bryan C. is offline  
Old 05-23-21, 09:00 AM
  #4  
bikemig 
Senior Member
 
bikemig's Avatar
 
Join Date: Apr 2012
Location: Middle Earth (aka IA)
Posts: 19,411

Bikes: A bunch of old bikes and a few new ones

Mentioned: 168 Post(s)
Tagged: 0 Thread(s)
Quoted: 5458 Post(s)
Liked 2,336 Times in 1,509 Posts
Blue book bike prices are consistently terrible.
bikemig is offline  
Likes For bikemig:
Old 05-23-21, 11:50 AM
  #5  
Iride01
MotuekaCascadeChinook
 
Iride01's Avatar
 
Join Date: Jul 2017
Location: Mississippi
Posts: 11,111

Bikes: Tarmac Disc Comp Di2 - 2020

Mentioned: 42 Post(s)
Tagged: 0 Thread(s)
Quoted: 4493 Post(s)
Liked 3,010 Times in 2,100 Posts
What's more important is how much do you value them. Or in other words, if you don't get offered what you feel they are worth, are you willing to let them sit and rot in storage or just sit around taking up space?

Even at a fair market value, will you be able to let the potential customers that are willing to pay a fair market price or higher know about your bike ?
Iride01 is offline  
Old 05-23-21, 12:42 PM
  #6  
GlennR
On Your Left
 
GlennR's Avatar
 
Join Date: Nov 2011
Location: Long Island, New York, USA
Posts: 8,370

Bikes: Trek Emonda SLR, Sram eTap, Zipp 303

Mentioned: 34 Post(s)
Tagged: 0 Thread(s)
Quoted: 3004 Post(s)
Liked 2,422 Times in 1,184 Posts
with the current shortage of new bikes, a 1 year old bike might be worth what you paid for it.
GlennR is offline  
Old 05-23-21, 01:06 PM
  #7  
cb400bill
Forum Moderator
 
cb400bill's Avatar
 
Join Date: Jul 2007
Location: Kalamazoo MI
Posts: 20,454

Bikes: Fuji SL2.1 Carbon Di2 Cannondale Synapse Alloy 4 Trek Checkpoint ALR gravel Viscount Aerospace Pro Schwinn Paramount PDG 5 Colnago Classic Rabobank

Mentioned: 53 Post(s)
Tagged: 0 Thread(s)
Quoted: 2769 Post(s)
Liked 4,540 Times in 2,700 Posts
A 2020 ALR5 retailed for $2099. The 2021 version is $2199.

Considering that Gravel bikes are currently in really short supply, I'd price it at about $2000 and negotiate from there.
__________________
Originally Posted by Retro Grouch View Post
Fenders protect you from tire splatter. Mudguards protect you from tyre splatter.







cb400bill is offline  
Old 05-23-21, 03:17 PM
  #8  
Telvis
Junior Member
Thread Starter
 
Join Date: May 2020
Location: Oak Point, TX
Posts: 7

Bikes: Trek Checkpoint ALR5

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Likes: 0
Liked 1 Time in 1 Post
Originally Posted by cb400bill View Post
A 2020 ALR5 retailed for $2099. The 2021 version is $2199.

Considering that Gravel bikes are currently in really short supply, I'd price it at about $2000 and negotiate from there.
I would do the happy dance to get 80-90 percent of original value. They are in great shape and like new. I didn稚 know bikes were still hot!
Telvis is offline  
Old 05-23-21, 04:11 PM
  #9  
Bryan C. 
nothing to see here
 
Bryan C.'s Avatar
 
Join Date: Sep 2007
Location: Antioch, CA
Posts: 561
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 217 Post(s)
Liked 131 Times in 73 Posts
Originally Posted by Telvis View Post
I would do the happy dance to get 80-90 percent of original value. They are in great shape and like new. I didn稚 know bikes were still hot!
I think the current bike boom and hot market is on its way out. Just my opinion based on my own experience. Nothing wrong with setting a high sale price and letting the market do its thing. They're only worth what someone is willing to pay.

Look at your local bike ads and see what is for sale and at what price. Price your bikes accordingly. If you are priced higher than market rate it may take some time to find a buyer looking for your specific bike, and who is willing to overpay.

Last edited by Bryan C.; 05-23-21 at 04:15 PM.
Bryan C. is offline  
Likes For Bryan C.:
Old 05-23-21, 05:40 PM
  #10  
LifeNovice1
Junior Member
 
Join Date: Dec 2017
Posts: 199
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 101 Post(s)
Liked 17 Times in 12 Posts
I agree that with the "grand re-opening" the market has cooled. I've noticed people on Facebook marketplace marking stuff way down from what they were originally trying to sell for. You have to remember that people are now selling a lot of those bikes that were flying out of stores at this time last year. But start at 80% retail and see what happens. You can always go down in a couple of weeks.
LifeNovice1 is offline  
Old 05-23-21, 05:48 PM
  #11  
blakcloud
Senior Member
 
blakcloud's Avatar
 
Join Date: Aug 2007
Posts: 2,581
Mentioned: 12 Post(s)
Tagged: 0 Thread(s)
Quoted: 602 Post(s)
Liked 339 Times in 218 Posts
In my neck of the woods used bikes that you are selling would go from 90-110% or your paid price. I was quoted January 2022 for Checkpoint. You will have no problems selling.
blakcloud is offline  
Likes For blakcloud:
Old 05-24-21, 08:38 AM
  #12  
SkinGriz
Live not by lies.
 
Join Date: Nov 2020
Posts: 799

Bikes: BigBox bikes.

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 445 Post(s)
Liked 375 Times in 287 Posts
The fair price is whatever price a buyer is willing to pay.
SkinGriz is offline  
Old 05-24-21, 09:41 AM
  #13  
Phil_gretz
Zip tie Karen
 
Phil_gretz's Avatar
 
Join Date: Aug 2009
Location: Fair Oaks Ranch, TX
Posts: 7,003

Bikes: '13 Motobecane Fantom29 HT, '16 Motobecane Turino Pro Disc, '16 Motobecane Gran Premio Elite, '18 Velobuild VB-R-022, '21 Tsunami SNM-100

Mentioned: 25 Post(s)
Tagged: 0 Thread(s)
Quoted: 1459 Post(s)
Liked 1,533 Times in 802 Posts
^this. With perfect information available to both seller and buyer, and mutual agreement on the price, then they have reached fair market value.
Phil_gretz is offline  
Likes For Phil_gretz:
Old 05-24-21, 09:46 AM
  #14  
Flip Flop Rider
Senior Member
 
Flip Flop Rider's Avatar
 
Join Date: Apr 2016
Location: South Carolina Upstate
Posts: 2,040

Bikes: 2010 Fuji Absolute 3.0 1994 Trek 850

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 733 Post(s)
Liked 512 Times in 296 Posts
start out high and see who bites, you can always lower it
Flip Flop Rider is offline  
Old 05-24-21, 10:26 AM
  #15  
Sy Reene
Advocatus Diaboli
 
Sy Reene's Avatar
 
Join Date: Feb 2015
Location: Wherever I am
Posts: 7,918

Bikes: Merlin Cyrene, Nashbar steel CX

Mentioned: 12 Post(s)
Tagged: 1 Thread(s)
Quoted: 4260 Post(s)
Liked 1,228 Times in 809 Posts
You could check prices for comparables on TheProsCloset and/or ask them to make an offer for your bikes.
Sy Reene is offline  
Old 05-24-21, 03:42 PM
  #16  
Retro Grouch 
Senior Member
 
Retro Grouch's Avatar
 
Join Date: Feb 2004
Location: St Peters, Missouri
Posts: 30,223

Bikes: Catrike 559 I own some others but they don't get ridden very much.

Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 1569 Post(s)
Liked 630 Times in 354 Posts
Originally Posted by Flip Flop Rider View Post
start out high and see who bites, you can always lower it
True, but you still have to find a potential buyer who is interested enough to negotiate with you.
__________________
My greatest fear is all of my kids standing around my coffin and talking about "how sensible" dad was.
Retro Grouch is offline  
Old 05-24-21, 04:46 PM
  #17  
Pop N Wood
Senior Member
 
Join Date: Jun 2020
Location: Maryland
Posts: 1,163

Bikes: 1982 Bianchi Sport SX, Rayleigh Tamland 1, Rans V-Rex recumbent, Fuji MTB, 80's Cannondale MTB with BBSHD ebike motor

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 552 Post(s)
Liked 437 Times in 289 Posts
Rumor has it Bicycle Blue Book is run by a retail bike chain. The rumor also states they purposely low ball trade in prices so that same chain can make a buck marking them up.

Don't know about the rumors but know for a fact their prices are on the low side. Especially right now.
Pop N Wood is offline  
Old 05-24-21, 04:56 PM
  #18  
Sy Reene
Advocatus Diaboli
 
Sy Reene's Avatar
 
Join Date: Feb 2015
Location: Wherever I am
Posts: 7,918

Bikes: Merlin Cyrene, Nashbar steel CX

Mentioned: 12 Post(s)
Tagged: 1 Thread(s)
Quoted: 4260 Post(s)
Liked 1,228 Times in 809 Posts
Originally Posted by Pop N Wood View Post
Rumor has it Bicycle Blue Book is run by a retail bike chain. The rumor also states they purposely low ball trade in prices so that same chain can make a buck marking them up.

Don't know about the rumors but know for a fact their prices are on the low side. Especially right now.
IOW, sounds like the auto blue books, who I believe the purpose was to provide sellers a price that they could feel comfortable getting as an offer from the local car dealership as a trade-in.
Sy Reene is offline  
Old 05-24-21, 06:36 PM
  #19  
urbanknight
Over the hill
 
urbanknight's Avatar
 
Join Date: Mar 2006
Location: Los Angeles, CA
Posts: 23,305

Bikes: Giant Defy, Specialized Allez, Raleigh Pursuit tandem

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 439 Post(s)
Liked 479 Times in 294 Posts
Originally Posted by Telvis View Post
Are the values in bike blue book accurate?
Nope. Not even close.

My favorite way to determine the market value of most used items is to check completed eBay listings of similar items. You have to take into account the condition, but it otherwise gives you a fairly good starting point.
__________________
It's like riding a bicycle
urbanknight is offline  
Likes For urbanknight:
Old 05-24-21, 08:00 PM
  #20  
Telvis
Junior Member
Thread Starter
 
Join Date: May 2020
Location: Oak Point, TX
Posts: 7

Bikes: Trek Checkpoint ALR5

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Likes: 0
Liked 1 Time in 1 Post
Originally Posted by urbanknight View Post
Nope. Not even close.

My favorite way to determine the market value of most used items is to check completed eBay listings of similar items. You have to take into account the condition, but it otherwise gives you a fairly good starting point.
I知 travelling for work all this week. I知 going to post them for sale this weekend. We will see how it goes. I知 not in a huge hurry to get them sold. I will try the higher price points and slowly reduce until the sell. I can always go down on price but never up.
Telvis is offline  
Likes For Telvis:
Old 05-26-21, 05:46 AM
  #21  
Pop N Wood
Senior Member
 
Join Date: Jun 2020
Location: Maryland
Posts: 1,163

Bikes: 1982 Bianchi Sport SX, Rayleigh Tamland 1, Rans V-Rex recumbent, Fuji MTB, 80's Cannondale MTB with BBSHD ebike motor

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 552 Post(s)
Liked 437 Times in 289 Posts
I've sold all of 4 bicycles in my whole life, but the times I did I priced them to sell. Too much work dealing with people who never show up.
Pop N Wood is offline  
Likes For Pop N Wood:
Old 05-26-21, 04:52 PM
  #22  
70sSanO
Senior Member
 
70sSanO's Avatar
 
Join Date: Feb 2015
Location: Mission Viejo
Posts: 5,057

Bikes: 1986 Cannondale SR400 (Flat bar commuter), 1988 Cannondale Criterium XTR, 1992 Serotta T-Max, 1995 Trek 970

Mentioned: 19 Post(s)
Tagged: 0 Thread(s)
Quoted: 1655 Post(s)
Liked 1,689 Times in 1,058 Posts
Originally Posted by Pop N Wood View Post
I've sold all of 4 bicycles in my whole life, but the times I did I priced them to sell. Too much work dealing with people who never show up.
This is excellent advice. If you are trying to get top dollar you have to expect people to change their minds because they are not getting enough depreciation over a new bike that comes with a warranty and maybe maintenance.

John
70sSanO is online now  
Old 05-26-21, 05:42 PM
  #23  
Telvis
Junior Member
Thread Starter
 
Join Date: May 2020
Location: Oak Point, TX
Posts: 7

Bikes: Trek Checkpoint ALR5

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
Likes: 0
Liked 1 Time in 1 Post
Originally Posted by 70sSanO View Post
This is excellent advice. If you are trying to get top dollar you have to expect people to change their minds because they are not getting enough depreciation over a new bike that comes with a warranty and maybe maintenance.

John
Good point. When I fist posed the question I didn稚 expect the high value responses I received. I知 going to post them this weekend. I知 going to be reasonable in the pricing.
Telvis is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright ゥ 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.