EGBigelo

Just to put some closure to this thread... I purchased a 2016 Marin Argenta Elite on Friday from Performance Bike. This was my first visit to a Performance store and it was a nice experience. The bike is full 105. I don't see it on the Marin site so maybe a Performance exclusive? It cost $799, and they are running a $50 off if you spend $199 or more deal this weekend, so I got it for $750.

I also got 10% on their Performance card, so $75 bucks to spend there.

I test rode a Fuji Sportif as well (Tiagra/disc brakes), and almost went with it because I would have got 20% back on the Performance card. But it was a bit heavier than the Marin, and I wasn't as comfortable on it. And I've never had a 105 bike; the highest groupset I have is Tiagra.

It makes me wonder how a LBS stays in business. It's almost like going to Home Depot and not your local hardware store. I like to support my community, but not at the cost of spending hundreds more on a bike.

Maelochs

This? (https://www.marinbikes.com/us/bikes/d...-argenta-elite) 21 lbs, 10-speed Tiagra? Looks like you got a really good deal.

EGBigelo

No. That's the bike but not the groupset. Mine is a greyish color too. The one I have is full 105 (the new 5800 11 speed). That's why I was thinking it was a Performance "exclusive" model. But I don't see it on the Performance site either.

RPK79

Depreciation is a specific accounting term. Regardless of your couple of semesters of Accounting 101 you clearly don't understand the definition.

Writing off of old inventory with reduced or no value is just an adjustment, an doing so depends on your inventory valuation method from a tax standpoint. If you value your inventory at the lesser of cost or market value you would adjust it down and increase your cost of sales. If you value your inventory at cost you would not make an adjustment unless you disposed of or sold the inventory.

Let's take a look at what IRS Pub 946 has to say about depreciation of inventory:

https://www.irs.gov/publications/p94...link1000107319

The fun thing about accounting is it is fairly cut and dry. Things have to be done a certain way. Therefore, you cannot just call it what you want to make yourself happy. You have to actually call it what it really is and treat it properly based on tax law and/or GAAP.

Maelochs

The fun thing about talking to accountants is that you can stop.

Shuffleman

The reality of this thread has been discussed many times. It is not incumbent upon the buyer to find a way for him to conduct business with the shop. It is up to the shop to figure out how to stay relevant in a changing economy. I completely understand wanting to do business with the LBS but I also understand that as a consumer if it is more money, than it is not worth it. Businesses have to provide value to the consumer and the consumer must recognize that value. I do not own a lbs and I wont pretend to know their margins. In the end, I do not want to know them as it is not my responsibility.
In the case of the OP and this particular shop, he has the right to ask for a lower price. His point is valid. The owner also has the right to stand by his price. His point may be valid as well. If he wants to move it, than he may move it and lose on that one.
I have purchased many stocks and not sold them in time. Thus, I had to sell at a loss. It happens. It is better to realize your loss and move on than to tie up your money hoping that it will change.

RPK79

You can, but you usually end up regretting it later.

Maelochs

Okay, to repeat form another thread ... no talk of new bikes without pics! Take 'em, post 'em. Otherwise we will send the accountants after you.

RPK79

Correct. We like to see documentation on all new assets.

Shuffleman

I have always liked their mtbs but have never seen their road bikes. They look beautiful from what I have seen on line. I guess that Performance sells different things in different parts of the country. I live in Florida and it is mostly Fuji and Ridley, which are both nice but it would be great to see some different bike like Marin.
Either way, great job and getting what you want and being happy with it. Now you get to enjoy riding it.