How can I find out how much my bike is worth?
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How can I find out how much my bike is worth?
Hi everyone, sorry if this is a repetitive topic or anything, but I couldn't find any information anywhere.
I have a 2004 Cannondale R900si with Ultegra/105 stuff, and a Selle Italia pro flite (I think). It's got about 110 miles on it, and one scratch on the pedal from a drop at a standstill. I think I paid around $1200 for it in 2004.
Is there any way to know how much I could sell it for? I can't find any of these for sale on the internet, and I don't know how much bikes depreciate. It's a nice bike, but way more than what I need, I feel, and I don't ride much outside of commuting any more.
Thanks for any help, everyone, I appreciate it.
I have a 2004 Cannondale R900si with Ultegra/105 stuff, and a Selle Italia pro flite (I think). It's got about 110 miles on it, and one scratch on the pedal from a drop at a standstill. I think I paid around $1200 for it in 2004.
Is there any way to know how much I could sell it for? I can't find any of these for sale on the internet, and I don't know how much bikes depreciate. It's a nice bike, but way more than what I need, I feel, and I don't ride much outside of commuting any more.
Thanks for any help, everyone, I appreciate it.
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Go on your local craigslist and look at bikes of similar vintage and with similar components then add a little bit since you have a nice frame then add a little more so people can try and bargain with you and see how many bites you get.
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The value of a used anything is a function of what you are willing to take and what someone else is willing to pay. So I would say determine what you would take for it (or what you would actually pay for it if someone else were selling it) then add a couple of hundred. If someone buys it for the asking price good for you. Otherwise they can make a lower offer which you can then accept so they think that they negotiated a better price.
For a "quick and dirty" rough estimate, take what you paid and cut it in half - then add $100 or so for "negotiation room". If you get no takers, lower the asking price - or list it on E-Bay and set a reserve to the lowest you will accept.
And remember, a buyer with cash in hand now is worth more than a potential buyer who has not called and may not even exist and that may or may not make a better offer tomorrow.
No matter how nice your 04 is, it is a 6 year old bike. if you are not in a hurry to sell it then you can be more firm in your asking price. If you want it gone tomorrow - set a fire sale price and watch it fly.
For a "quick and dirty" rough estimate, take what you paid and cut it in half - then add $100 or so for "negotiation room". If you get no takers, lower the asking price - or list it on E-Bay and set a reserve to the lowest you will accept.
And remember, a buyer with cash in hand now is worth more than a potential buyer who has not called and may not even exist and that may or may not make a better offer tomorrow.
No matter how nice your 04 is, it is a 6 year old bike. if you are not in a hurry to sell it then you can be more firm in your asking price. If you want it gone tomorrow - set a fire sale price and watch it fly.
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ill give ya $50 cash. you ship to vermont?
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2010 Kestrel RT900SL, 800k carbon, chorus/record, speedplay, zonda
2000 litespeed Unicoi Ti, XTR,XT, Campy crank, time atac, carbon forks
2010 Kestrel RT900SL, 800k carbon, chorus/record, speedplay, zonda
2000 litespeed Unicoi Ti, XTR,XT, Campy crank, time atac, carbon forks
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