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View Full Version : The perfect formula for used bike/part values


gemini2k
01-02-2006, 01:51 AM
Look at the RM buy/sell forums. Look at ebay. Look at other buy and sell forums. I doubt that your bike/item is the only one for sale at the time. Then u have a simple formula

1. Take the price others are asking for their similar/identical products and then
2. ask a similar/identical price.

The people on this forum are a great help and give awesome first hand experience/info on almost any issues. Look at other forums, use the search function just like me and 90 percent of the people. Don't waste their/your time. I know I'm a junior member here, but i thought i should share this amazing process with everyone.

blue
01-02-2006, 01:58 AM
Or, if you don't want to be like all of the other poor bastards out there not able to sell their bikes, sell it for 500$ less. Winnar.

Spunger
01-02-2006, 02:40 AM
Used bike parts value at about 50-80% depending on the part/use/age etc... Things that are of higher wear (tires, tubes, rims, bars, pedals, cranks etc...) tend to only hold about 50% of their value or less depending on abuse and condition. The used market has such variables it isn't funny.

I've bought used parts and for the most part been happy. I just got a used E.13 chainring, retails for $35 for $20 shipped. It's in that range of 50-80% condition which is perfectly fine for used parts. I've bought other stuff with the same principal and been ok.

Now for selling stuff that's how I price used parts. Half of what they normally go for unless the part is truely in excellent shape. If it isn't adjust the price to make it right. But again, the high wear items are the hardest ones to price out because of the wear. If the part is almost new, then you shouldn't eat a giant loss on it but everything has to be fair in the end.

thaflyinfatman
01-02-2006, 04:28 AM
The perfect formula for used bike stuff is that it's worth exactly what someone else is willing to pay. This goes up and down all the time.

lovebunny
01-02-2006, 04:44 AM
The perfect formula for used bike stuff is that it's worth exactly what someone else is willing to pay. This goes up and down all the time.
exactly. ive had stuff up before that i put up at a way higher price than i expected to get and have it sell in a day or 2. ive also put up things for a bargain and had it never sell

zmtber
01-02-2006, 10:35 AM
or this to sell a MTB

Selling a used mountain bike

I'm in the process of selling one of my bikes and the whole thing is a chore that I never enjoy. Since mountain bikes are a lot like cars and trucks -- they lose fifty percent of their value when they leave the show room -- you rarely get what you think the bike is worth when you are looking to unload. Combine your dashed expectations with the glut of e-mails from people who write in hacker-speak, ridiculous low ball offers, and less interest than what you were expecting and you're all set for a harrowing experience.

You can do a number of things that will make selling your well-loved, used mountain bike less of a painful experience and more of a 'challenge':

1. Be honest. There's nothing that kills a potential sale more quickly than dishonesty. If you let people know exactly what they're getting, chances are good they'll appreciate your candour and be more comfortable dealing with you.
2. Lower your expectations. All of those people out there don't realize how much enjoyment your bike gave you and they're not usually going to pay a premium price for your gear -- regardless of how much you love the bike.
3. Post ads with classified services. There are a tonne of classified systems available for selling used gear. Check them out and choose the ones that meet your needs.
4. Be flexible. If you want to move your used gear, expect to receive less than your asking price. While it's easy to bump said items up by twenty percent, chances are good that there will be less interest in it.
5. Be patient. There's lots of used gear out there. In my neck of the woods, it's not uncommon to see classified ads that have a hundred or more bikes available for purchase.
6. Keep your bike in great shape. If you are going to be riding your bike while you're trying to sell it, be sure to keep it in prime shape. Clean it. Maintain it. Replace broken or damaged parts right away.
7. Don't sell your bike in the off season. If you want to generate real interest try to sell your bike in mid-season when more people are actually riding, especially the 'fair weather' riders who enjoy the sport but don't enjoy riding in rain, mud, or snow. Also, these people are more likely to be in the used bike market.
8. Look at consignment stores. Consignment stores usually take a fixed percentage of the final sale value for your bike. The benefit of this system is that you don't need to do anything more than bring your bike in -- the consignment shop will do the rest and let you know once your bike has sold.

While this is by no means an exhaustive list, it should help you out when you do decide to unload that cherished oldie that (hopefully) has given you many hours of enjoyment.

zmtber
01-02-2006, 10:47 AM
The perfect formula for used bike stuff is that it's worth exactly what someone else is willing to pay. This goes up and down all the time.

that true for almost everything, and i learned that after i collected pokemon cards and sold them for like 10 bucks after i spent like 2hundred

Bicyclist
01-02-2006, 10:54 AM
The perfect formula for used bike stuff is that it's worth exactly what someone else is willing to pay. This goes up and down all the time.

Yep! Most people don't understand that, though.

partsbara
01-02-2006, 12:22 PM
that true for almost everything, and i learned that after i collected pokemon cards and sold them for like 10 bucks after i spent like 2hundred

it takes a big man to admit that he collected pokemon cards :)

zmtber
01-02-2006, 10:50 PM
hahaha yeah but after all those years of collecting i felt like an idiot:)