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Giant OCR3 $375 ?

Old 06-04-12, 11:38 AM
  #1  
alainshep
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Giant OCR3 $375 ?

Hi I don't know about what I should be willing to pay to this bicycle. I asked the seller how close to $250 could he come he offered $325.

small 50cm Giant OCR3 Tri bike - 24spd, alum.frame, - $375 (NOVA)

Date: 2012-06-04, 9:09AM EDT

ten year old Giant OCR3 - small 50cm aluminum frame ( 50cm top tube, 28 inch standover, sloping top tube) 24 speed Shimano Sora components, 700c quick release alloy wheelset, Italia saddle, very light and very fast....excellent condition.
......
Location: NOVA
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Old 06-04-12, 02:16 PM
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Definitely overpriced I would think. Two years ago I sold my wife's OCR1 in mint condition (10 speed, 105, probably less than 500 miles) for $600.
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Old 06-04-12, 02:32 PM
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Forget the TRI bits but an OCR3 was a good cheap bike. 10 years old and it could still be a good bike but not at that price. Last year I sold a 4 year old OCR3 (the later version with a different frame and more modern components) for $300. It was immaculate aswell and I offered a guarantee with it aswell.----Had to as it was one of my neighbours. I got a fair price and he got a good bike.

Edit---And it will not be light and unless you have the motor- it will not be fast.
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Old 06-04-12, 02:58 PM
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Originally Posted by stapfam View Post
Forget the TRI bits but an OCR3 was a good cheap bike. 10 years old and it could still be a good bike but not at that price. Last year I sold a 4 year old OCR3 (the later version with a different frame and more modern components) for $300. It was immaculate aswell and I offered a guarantee with it aswell.----Had to as it was one of my neighbours. I got a fair price and he got a good bike.

Edit---And it will not be light and unless you have the motor- it will not be fast.

I can personally attest that the OCR3 sold, street price, for around $600 in 2006, probably at least $100 less in 2002 (if the bike in question is indeed 10 years old).

I wouldn't pay more than $250 for it if in seriously excellent, low mileage shape. If it's been ridden significantly, well I'd keep looking unless it was very cheap.

Stepfam's selling price for a near-perfect example, several years younger than the one in question is accurate - I saw a similar example (identical to my daughter's, nearly unused, but about 3-4 years old) for $300 at a bike swap recently.

Our '06 OCR3 is a perfectly servicable bike and a great beginner's road bike. But every component from the tires to wheels, to group is the cheapest level. The one in question is quite a bit older and not worth as much in any respect.

Last edited by Camilo; 06-04-12 at 03:02 PM.
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Old 06-04-12, 03:42 PM
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Not a good deal at all. First off, OCRs are not "tri bikes." It was the bottom of the line road bike for Giant. Relatively speaking it isn't "light" or "fast" despite the ad. Add to that it is 10yrs old. For the asking price one could probably buy a brand new version of old stock from an LBS IF it existed. Hell, 8yrs ago you probably could have purchased the new, old stock in an LBS for about $400. Not a good deal really. Personally I'd pass. You can get much more plunking $300ish into a new bike with the addition of a few extra funds.

BTW, nothing against the OCR or Giant. I'm actually quite fond of Giants but this just is not a good deal.
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Old 06-04-12, 03:48 PM
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Originally Posted by Camilo View Post
I can personally attest that the OCR3 sold, street price, for around $600 in 2006, probably at least $100 less in 2002 (if the bike in question is indeed 10 years old).
The 2002 sold for about $850.

I own a 50 cm OCR3 from that year (and no, it isn't a tri-bike).

The 2000 sold for $750. I used to own a 2000 OCR3.
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Old 06-04-12, 03:57 PM
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I'm of the mind that any bike with brifters is worth at least $250. This bike should be right at that lower limit.
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Old 06-05-12, 01:50 PM
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Originally Posted by Machka View Post
The 2002 sold for about $850.

I own a 50 cm OCR3 from that year (and no, it isn't a tri-bike).

The 2000 sold for $750. I used to own a 2000 OCR3.
List price, or out the door price? The one I bought in '06 (Sora Level) listed for, IIRC, $700-750, but the common selling price was $600 or so.
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Old 06-05-12, 02:15 PM
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Originally Posted by IthaDan View Post
I'm of the mind that any bike with brifters is worth at least $250. This bike should be right at that lower limit.
"Worth" as defined by the purchaser but not really in terms of value AFAIC. One can get a lot more bang for the buck with other options. Especially if one adds a couple $hundred more and buys a new ride with warranty. At a certain point the arbitrary bottom of the used bike market pricing is fairly silly and illogical. Just because people are willing to pay the "bottom prices" doesn't make it a good value or a better/good purchasing decision. 10yr old aluminum, lower end bikes definitely occupy this category for me. But to each their own
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Old 06-07-12, 06:30 AM
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25-30% of MSRP
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Old 06-07-12, 06:48 AM
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Washington DC is a hot market. I routinely get $275+ for downtube shifting steel bikes refurbished. I'd say $300+ for this one, depending on whether it had been ridden much (wear and tear). If not ridden and the correct size for the OP, in Northern VA, it'll be worth nearly the $350 asked. Just my opinion, of course.
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