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Used Bike Prices

Old 05-28-17, 04:54 PM
  #1  
Colorado Kid
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Used Bike Prices

I looked at Preformance used bike trade-in program today and I'm sick. My three year old Motobecane is worth next to nothing. (According to Preformance.) BicycleTradeIn - Performance Bike
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Old 05-28-17, 05:29 PM
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I wouldn't expect Performance to give you the best price for your bike. It's probably more of a convenience thing for people who want a few bucks towards a new bike and don't want to deal with the annoyance of selling on the market. What is Performance even doing with used bikes?

It's also possible that your Motobecane is worth next to nothing. They're not exactly a prestigious brand these days.
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Old 05-28-17, 06:09 PM
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If you want the best price for your bike, you're going to have to research the market, spruce up the frame/components, take great photos, list it in multiple places, deal with a bunch of jerk-offs, be willing to sit on it for months, etc. To really get the best price, you would need to build up your reputation as a trusted seller, too.

As seau_grateau said, it's about convenience--Performance lets you skip all the hassle to make a few quick bucks. And you're paying (in essence) for that service.

Also, yeah, you're not going to be recouping any great percentage of your purchase price on a three year old Motobecane anyway. It's just a functional bike, with no value-added style, brand recognition, etc.
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Old 05-28-17, 10:02 PM
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CL is going to be your best bet to get the most out of selling a used bike.
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Old 05-30-17, 03:18 PM
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They probably just give you 15-20% of what you paid for it. I would never go there to trade in a bike.
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Old 05-30-17, 05:32 PM
  #6  
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Motobecane was never a super high end brand (mid range and not bad for the most part from what I know) and now that the name was bought by Bikes Direct it is worth next to nothing. Performance is also a pretty low end shop. From all the people I know who have worked there and being in one and seeing how they operate, it feels more like a wally-mart for bikes then an actual bike shop. It is one shop I walk into that I have no desire to be in unless absolutely necessary and I love going into bike shops.
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Old 05-30-17, 06:52 PM
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Performance has decent bikes kind of harsh to compare them to Wally world. They carry a lot of Fuji bikes and other quasi in-house brands, nothing super special or exciting but good enough for people who just want a reliable bike to ride at a decent price with local warranty support. They price match on tools and tires etc..and run a lot of sales. I bought my Park repair stand and Wahoo bolt GPS from them recently can't complain.

But back to the OP's subject, like with anything used you are going to get the best price selling directly to a buyer vs attempting to sell or trade in at a store that has to turn around and sell it for profit.

Last edited by REDMASTA; 05-30-17 at 06:59 PM.
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Old 05-30-17, 08:01 PM
  #8  
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I agree with thread starter.

Plugged the details in for my 2016 Bianchi Infinito w/Chorus... $1610.00 was TOP trade on a list price of $6200 bicycle!

I know the value drops the second you ride away from the shop, but really, $4600 drop from new!? I guess there are people who don't know how to work the retail game. Also agree to sell on open market is the best way to sell personal items.

Not that I would ever part with my beloved Bianchi. But seriously...
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Old 05-31-17, 01:16 PM
  #9  
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I have noticed just the opposite - used bike prices are going insane in my market right now. The last two years I used to be able to buy serviceable, decent 80s and 90s bikes for around $20-75, upgrade and tune them, and flip them for a profit. Now every single "old" bike, no matter how crappy, is $120 minimum with absolutely zero time or money put into them. I mean we're talking old stepthrough huffy's with stamped dropouts for that much, without so much as new bar tape. It's ridiculous and what's worse is that sellers are getting more and more indignant, certain that their garage find is a "classic racer."

On the other end, even the racing swap threads on FB are all insanely overpriced IMO. NYS has high sales tax and I think a lot of the high-end shops here gauge in the first place. This leads to people selling 3yo Felt bikes with 10spd 105 and asking a grand for them, showing a receipt for $1200 and swearing they "hardly rode it" when the crappy photos show an incredible amount of ware and lack of maintenance. Sorry, but I only consider used for HALF the retail before tax, and I go DOWN from there, because all of these bikes have more miles and require more work than any seller ever admits.
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Old 05-31-17, 01:31 PM
  #10  
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The trade in program is a partnership with Bicycle Bluebook, and it's not exclusively limited to Performance--as far as I can tell Bicycle Bluebook is offering this partnership or service to any LBS that wants it.

The problem with Bicycle Bluebook is that the values are not based on any market realities, the values seem to be based on a simple depreciation formula: Bicycle was purchased for X dollars in Y year, minus Z percent depreciation per year = Current trade in value. It doesn't account for local market differences or for the fact that certain bikes are more desirable than others.
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Old 05-31-17, 02:39 PM
  #11  
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It's all a mystery. Alchemy and name recognition and what's in and what's out. Not much seems to be selling these days. Ride your bike. Instead.
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Old 05-31-17, 03:17 PM
  #12  
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It tells me my 2008 Cross Check is worth $124. Do the shops account for the value of mounted components? My Surly is currently wearing a new 105/5800 grouppo that's clearly worth more than $124.
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Old 05-31-17, 03:32 PM
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Originally Posted by ypsetihw View Post
I have noticed just the opposite - used bike prices are going insane in my market right now. The last two years I used to be able to buy serviceable, decent 80s and 90s bikes for around $20-75, upgrade and tune them, and flip them for a profit. Now every single "old" bike, no matter how crappy, is $120 minimum with absolutely zero time or money put into them.
What is the explanation for this spike in prices?
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Old 05-31-17, 03:33 PM
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$126
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Old 05-31-17, 03:44 PM
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Originally Posted by REDMASTA View Post
Performance has decent bikes kind of harsh to compare them to Wally world. They carry a lot of Fuji bikes and other quasi in-house brands, nothing super special or exciting but good enough for people who just want a reliable bike to ride at a decent price with local warranty support.
Fuji owns Performance now, so it is more of an outlet for Fuji as THE in-house brand. . =)
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Old 05-31-17, 04:02 PM
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It's kind of like trading your car in at the dealer vs selling it on your own.

You are going to get a lot more money (and spend a lot more time) selling yourself. Think of it as a convenience fee for not having to deal with all the morons on Craig's list.

I wouldn't freak out too much that your bike is worth nothing on a trade in app particularly if you're not planning on selling it and are just looking to aggravate yourself and feel self righteous about how nice your bike really is.
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Old 05-31-17, 04:15 PM
  #17  
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Unfortunately you have to trade it in for a Fuji.
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Old 05-31-17, 04:46 PM
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Originally Posted by speshelite View Post
Unfortunately you have to trade it in for a Fuji.


I ran a couple Fuji models through the price checker... they didn't fare any better. So at least they're not cooking the numbers to make their own stuff look better.
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Old 05-31-17, 06:34 PM
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Originally Posted by speshelite View Post
What is the explanation for this spike in prices?
not sure but I can only guess that underinformed or misinformed would-be sellers see "old drop bar bikes" fetching $200 and assume that every bike built before 1990 with drop bars is worth this much. they don't know the first thing about brands or quality parts, and don't understand the amount of knowledge, tools, and labor involved in rebuilding a hub or BB, for example, or installing new cables, tires, drivetrain components, etc.

the reality is that I used to buy one for say $50 and put like $80 into it, and sell it for $180-200, making me only about $50, which wasn't very much given the amount of time I spent working on it.
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Old 06-01-17, 09:19 AM
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Originally Posted by ypsetihw View Post
not sure but I can only guess that underinformed or misinformed would-be sellers see "old drop bar bikes" fetching $200 and assume that every bike built before 1990 with drop bars is worth this much. they don't know the first thing about brands or quality parts, and don't understand the amount of knowledge, tools, and labor involved in rebuilding a hub or BB, for example, or installing new cables, tires, drivetrain components, etc.

the reality is that I used to buy one for say $50 and put like $80 into it, and sell it for $180-200, making me only about $50, which wasn't very much given the amount of time I spent working on it.
Have you thought of Macrame' or painting bird house or flat rocks? It might make more money these days!

I agree, you can't make money flipping bikes seemingly anywhere.
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Old 06-02-17, 06:06 AM
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Back in 2009, I sold through, CL a 1994 Huffy Expedition 12 speed for $80 I had replaced chain, cassette, tires, and included a lock. I paid 105 for it new in 94. Everything worked on the bike but it had miles and miles on it. I just cleaned it up nicely and marketed it ok.
Whereas, I just bought on CL a 1991 Huffy Sequoia 18 speed for $35. It was ridden maybe 200 miles. Original tires, brakes, chain and so forth.

Last edited by JLG7163; 06-02-17 at 09:14 AM. Reason: 105 sentence; 18 speed not 21
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Old 06-04-17, 12:56 AM
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Originally Posted by Colorado Kid View Post
I looked at Preformance used bike trade-in program today and I'm sick. My three year old Motobecane is worth next to nothing. (According to Preformance.) BicycleTradeIn - Performance Bike
Don't feel bad, you'll get lowballed for something as highly-coveted as a richard sachs hand-built bike as well.

For a similar experience, visit Gamestop or Pawn Stars.
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Old 06-04-17, 11:52 AM
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Theres two ways to sell a used bike on Craiglist

We will use an example bike that is worth around 400 dollars used.

You can sit on it for weeks/months asking 450 dollars dealing with 2 idiots every day asking you if you'd like to trade it for an iPod.

Or, you can list it for 275-300 and sell it within 3 days.
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Old 04-17-18, 11:36 PM
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Originally Posted by Colorado Kid View Post
I looked at Preformance used bike trade-in program today and I'm sick. My three year old Motobecane is worth next to nothing. (According to Preformance.) BicycleTradeIn - Performance Bike
The bicycle blue book is ridiculous.
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Old 04-20-18, 08:19 PM
  #25  
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Originally Posted by speshelite View Post
What is the explanation for this spike in prices?
I live near a big Canadian city best known as The Birthplace of Drake, the city once famous for its crack cocaine smoking mayor....

In this city it now costs $146.50 per month... which ads up to $1,755.00 per year... to use the transit and the price is going up..

A bicycle is a viable alternative to being gouged for the privilege of being groped on the transit.

Wanna buy a used bike ??

Binky
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