Selling a bike, how to price it?
02-26-14, 02:54 PM
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Selling a bike, how to price it?
I'm considering selling a 1 year old Trek I paid $1000 for (truthfully looks brand new). Is there any general, loose, vague, "% of what it was new" to go by when setting a price?
02-26-14, 03:03 PM
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Take a look at https://www.bicyclebluebook.com/Searc...x=20000&type=0
That will give you a range to deal with. Generally most buyers would not pay more than 50% - 70% of an original msrp for any used mass produced bike. That's not the asking price but generally the selling one. But there are always exceptions due to size, time of sell, the local market, etc.
Good luck with your sale.
That will give you a range to deal with. Generally most buyers would not pay more than 50% - 70% of an original msrp for any used mass produced bike. That's not the asking price but generally the selling one. But there are always exceptions due to size, time of sell, the local market, etc.
Good luck with your sale.
02-26-14, 11:25 PM
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Most bicycles lose a portion of their value right out the door, just like a car. Same goes for add-ons; even if you invest $500 in to a $1,000 bicycle, you'd be lucky to get an extra $100 for it. As a rule of thumb I subtract at leeast 30% off MSRP new, and an additional 10% for every few years since it's release.
• Bicycle A MSRP new: $2,500
• Bicycle A price out the door (used but new): $1,750 [no dealer support, no longer covered under warranty, no proof of non-existing damage claims]
• Bicycle A price four years since it's release: $1,250
Add or subtract a percentage based on it's condition, age, previous ownership, previous repairs, add-ons etc. Of course this is a good outline for a buyer, but as a seller you should tack on about 20% to allow room for negotiation.
• Bicycle A MSRP new: $2,500
• Bicycle A price out the door (used but new): $1,750 [no dealer support, no longer covered under warranty, no proof of non-existing damage claims]
• Bicycle A price four years since it's release: $1,250
Add or subtract a percentage based on it's condition, age, previous ownership, previous repairs, add-ons etc. Of course this is a good outline for a buyer, but as a seller you should tack on about 20% to allow room for negotiation.
Last edited by Axiom; 02-26-14 at 11:28 PM.
02-27-14, 10:19 AM
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Go to EBay and do an advanced search for this bike where it's already had sold auctions. That should give you an idea of what people are paying for it.
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02-27-14, 10:35 AM
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importantly, use sold auctions not completed ones. This is more than you're likely to get in a local sale as there is a much wider audience, but it might give you a good idea for a starting advertising price that you can negotiate downward from (or drop if it doesn't sell after the first few times you try selling it). Of course, if you're not in a hurry to get the money, you'll get more from it in spring/early summer than right now (assuming you're somewhere that it is still cold and wet this time of year.
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02-27-14, 08:37 PM
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For a 1 year old bike its around 60-70%.
That's why I only buy during sales
For a 1000$ bike I would put it up for 750 and take 675-700.
If you put it up for 800 people might as well go for a new one.
That's why I only buy during sales
For a 1000$ bike I would put it up for 750 and take 675-700.
If you put it up for 800 people might as well go for a new one.
02-27-14, 09:10 PM
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It depends on the size.
size - age - material - components - make - paint
Sizes above 60cm have better resale due to being "rare".
Price according to ebay, shipping is generally around 100.
size - age - material - components - make - paint
Sizes above 60cm have better resale due to being "rare".
Price according to ebay, shipping is generally around 100.
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