How do you determine the value of a used bicycle with upgrades?
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How do you determine the value of a used bicycle with upgrades?
I am preparing to sell my old bike so I can buy a new one. I've upgraded/replaced several of the stock parts. Does this effect the current value of the bike? Is there a tool where you can find the value of a used bike with upgrades? I still have all of the stock parts. I'd like to understand if I should just put them all back on prior to selling.
#3
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I am preparing to sell my old bike so I can buy a new one. I've upgraded/replaced several of the stock parts. Does this effect the current value of the bike? Is there a tool where you can find the value of a used bike with upgrades? I still have all of the stock parts. I'd like to understand if I should just put them all back on prior to selling.
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I sold an Allez with a lot of upgrades-Ultegra derailleurs, brakes, KEO pedals, Cateye computer, PD Carbon Stryke aero bars and a few more things. I think I got a little more than I would have for stock. The guy who bought it was really nice and appreciated how it was set-up.
OTOH, I sold a Specialized Sirrus with a few upgrades and it had carbon seatstays, which you can't find on flatbar/hybrids anymore. It was $1200 new, and I got $650 for it.
It really depends.
I've sold a LOT of guitars and basses with upgrades and you RARELY see any return on those upgrades.
Basic rule, you really don't see any significant return on upgrades.
If I were you, I'd revert the bike back to stock.
S
OTOH, I sold a Specialized Sirrus with a few upgrades and it had carbon seatstays, which you can't find on flatbar/hybrids anymore. It was $1200 new, and I got $650 for it.
It really depends.
I've sold a LOT of guitars and basses with upgrades and you RARELY see any return on those upgrades.
Basic rule, you really don't see any significant return on upgrades.
If I were you, I'd revert the bike back to stock.
S
#9
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IMO, unless the upgraded parts could be used on whatever you buy for your new bike, there is no need to keep them. Also, I would not hold out for a big price. Sell it to get rid of it. For example, if you're asking $500 and someone offers $450, take it. If you're willing to back out, they could be too. Get some cash for it and supplement with more of your own money. So many people who sell second hand don't put a value on their time. If you spend 4 hours making changes that will get you an extra $25 or $30 was it really worth it? Especially if the higher price results in a longer amount of time to sell. 4 extra hours of work and waiting another 3 weeks for that perfect buyer to come along is not worth $30 to me.
I see two options
1) Sell the bike as is and throw the stock parts as a bonus. This could also result in a quicker sell and getting your new bike sooner.
2) Put the stock parts back on. Sell the bike in it's original condition and try to sell the upgrades separately. This will be more work. Never forget to put a value on your time.
I see two options
1) Sell the bike as is and throw the stock parts as a bonus. This could also result in a quicker sell and getting your new bike sooner.
2) Put the stock parts back on. Sell the bike in it's original condition and try to sell the upgrades separately. This will be more work. Never forget to put a value on your time.
Last edited by metz1295; 04-14-15 at 10:27 AM.
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If I'm buying a used bike I base the price on the price of the bike stock.
10 Wheels answer is pretty spot on. It's worth what the buyer will pay for it. And I'll add from my experience, it's also not worth nearly as much as you think it is.
I bought a bike recently that had an upgraded saddle (Fizik) and upgraded stem (Pro Vibe) and upgraded bar tape (lizard skins) etc. All nice upgrades but didn't effect how much I was willing to pay. If seller had original parts and wanted to swap them I would have paid the same for the bike but he didn't and obviously I would pay much less for a bike with no saddle or stem.
Parts are easy to sell on ebay and if you truly have valuable upgrades it's probably better to take them off and sell them seperately
10 Wheels answer is pretty spot on. It's worth what the buyer will pay for it. And I'll add from my experience, it's also not worth nearly as much as you think it is.
I bought a bike recently that had an upgraded saddle (Fizik) and upgraded stem (Pro Vibe) and upgraded bar tape (lizard skins) etc. All nice upgrades but didn't effect how much I was willing to pay. If seller had original parts and wanted to swap them I would have paid the same for the bike but he didn't and obviously I would pay much less for a bike with no saddle or stem.
Parts are easy to sell on ebay and if you truly have valuable upgrades it's probably better to take them off and sell them seperately
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Another question: can you re-install the stock components yourself? If not, a huge portion of the 'savings' just goes to the wrench (which might be okay).
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Is it an old classic bike where putting the original parts back on would increase the value? If so, do so. If not, consider how much effort it would take to put it back to stock. You probably won't get more money either way, so is having the upgraded parts to use again later worth the effort to take them off/put the old ones back on (and potentially replace any needed cables?
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Is it an old classic bike where putting the original parts back on would increase the value? If so, do so. If not, consider how much effort it would take to put it back to stock. You probably won't get more money either way, so is having the upgraded parts to use again later worth the effort to take them off/put the old ones back on (and potentially replace any needed cables?
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If I'm buying a used bike I base the price on the price of the bike stock.
10 Wheels answer is pretty spot on. It's worth what the buyer will pay for it. And I'll add from my experience, it's also not worth nearly as much as you think it is.
I bought a bike recently that had an upgraded saddle (Fizik) and upgraded stem (Pro Vibe) and upgraded bar tape (lizard skins) etc. All nice upgrades but didn't effect how much I was willing to pay. If seller had original parts and wanted to swap them I would have paid the same for the bike but he didn't and obviously I would pay much less for a bike with no saddle or stem.
Parts are easy to sell on ebay and if you truly have valuable upgrades it's probably better to take them off and sell them seperately
10 Wheels answer is pretty spot on. It's worth what the buyer will pay for it. And I'll add from my experience, it's also not worth nearly as much as you think it is.
I bought a bike recently that had an upgraded saddle (Fizik) and upgraded stem (Pro Vibe) and upgraded bar tape (lizard skins) etc. All nice upgrades but didn't effect how much I was willing to pay. If seller had original parts and wanted to swap them I would have paid the same for the bike but he didn't and obviously I would pay much less for a bike with no saddle or stem.
Parts are easy to sell on ebay and if you truly have valuable upgrades it's probably better to take them off and sell them seperately
A stem is honestly a don't care item. buyer may have to change it to get length he wants anyway. Even if you put a $400 Enve stem on a $800 bicycle, it doesn't turn into a $1200 bicycle.
HB Tape is a consumable. Has no monetary value with regards to a selling price.
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If I'm buying a used bike I base the price on the price of the bike stock.
10 Wheels answer is pretty spot on. It's worth what the buyer will pay for it. And I'll add from my experience, it's also not worth nearly as much as you think it is.
I bought a bike recently that had an upgraded saddle (Fizik) and upgraded stem (Pro Vibe) and upgraded bar tape (lizard skins) etc. All nice upgrades but didn't effect how much I was willing to pay. If seller had original parts and wanted to swap them I would have paid the same for the bike but he didn't and obviously I would pay much less for a bike with no saddle or stem.
Parts are easy to sell on ebay and if you truly have valuable upgrades it's probably better to take them off and sell them seperately
10 Wheels answer is pretty spot on. It's worth what the buyer will pay for it. And I'll add from my experience, it's also not worth nearly as much as you think it is.
I bought a bike recently that had an upgraded saddle (Fizik) and upgraded stem (Pro Vibe) and upgraded bar tape (lizard skins) etc. All nice upgrades but didn't effect how much I was willing to pay. If seller had original parts and wanted to swap them I would have paid the same for the bike but he didn't and obviously I would pay much less for a bike with no saddle or stem.
Parts are easy to sell on ebay and if you truly have valuable upgrades it's probably better to take them off and sell them seperately
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Sell the bike with the "upgrades" but be aware that if I were looking at your bike I would be looking at the condition of the components and how much wear they showed. Sometimes people think their bike has upgrades but actually they have some expensive worn-out parts.
Your question comes with a big qualifier for any response, that qualifier is "it depends." IE How much more will you get for a convertible with a new top? Only so much if the engine is blown.
What I like to do before I move on is to save any parts that I think I might use in the future. You may want that long cage, or SS, rear derailleur sometime down the line. Maybe you ride with someone that could use it. That's a good plan if the buyer of your used bike doesn't value the extra parts. No point in just giving them to a stranger.
Your question comes with a big qualifier for any response, that qualifier is "it depends." IE How much more will you get for a convertible with a new top? Only so much if the engine is blown.
What I like to do before I move on is to save any parts that I think I might use in the future. You may want that long cage, or SS, rear derailleur sometime down the line. Maybe you ride with someone that could use it. That's a good plan if the buyer of your used bike doesn't value the extra parts. No point in just giving them to a stranger.
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You usually will get pretty close to the bike price on www.bicyclebluebook.com with not much extra for upgrades.
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You usually will get pretty close to the bike price on www.bicyclebluebook.com with not much extra for upgrades.
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If they're really nice wheels, you're not going to get your money back. Either keep them for your next bike or sell them separately. If they are OK wheels, maybe they'll perk up your ad when you say you've upgraded them, but that's about it.
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I would recommend looking at new bikes that have similar parts, and try to get 50-70% of that much, depending on the age. For completeness - if you have an al bike with a carbon fork, which is 105 10 speed equipped with upgraded wheels, go to a few websites and find new bikes with 105, al frame, carbon fork, ect.. Take 70% of the real selling price (not the MSRP), and start from there. Another way is to see what your bike is going for on eBay without upgrades, and maybe add a few dollars, up to the 70% price listed earlier.Also, it's not worth as much as you think, as stated above
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#24
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"usually" but it depend on market and I have found the higher priced the bike was new, the bigger hit you'll take on the sale. I just sold a higher end carbon bike in very good condition and ended up taking about 50% of what bicyclebluebook said it was worth. But for me I just wanted to get rid of it and had it for sale for over a month on CL and Ebay. I had several people interested and after 10+ people told me they wouldn't pay more then a certain price I started to realize that was the true market for the bike. Blue book value is nice but if nobody that is interested in the bike will pay that price , that's not the price
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