Valuing a 2nd hand bike

Valuing a 2nd hand bike

Author
Discussion

Steve vRS

Original Poster:

5,023 posts

247 months

Friday 3rd July 2015
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I have been offered a TT bike second hand. I don't have all the details yet but in general, how do you value a bike? For a car, it's easy - look at Glasses guide or have a trawl through the Trader. But where do you start with a bike?

This could be academic however, as my wife may well remind me that we are saving up for a new kitchen.

Steve

richardxjr

7,561 posts

216 months

Friday 3rd July 2015
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Rule of thumb is half RRP after a year, then a further 10% off residual value per year.

anonymous-user

60 months

Friday 3rd July 2015
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The "rule of thumb" is massively flawed though.

Buyers always quote it because it offers them good value for money but sellers will argue that it doesnt take into all the variables that make some bikes more valuable in the second hand market compared to others.

I use previous listings on ebay as the guide price then take into account the individual bikes condition, upgrades, value new, factor in the "niche" factor such as is it a TT/track bike?, does it have some special factory component fitted at factory or proprietary technology etc etc


bakerstreet

4,817 posts

171 months

Friday 3rd July 2015
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richardxjr said:
Rule of thumb is half RRP after a year, then a further 10% off residual value per year.
Nope. On Ebay, then tend to go for more than that. Planet X Pro Carbon is an easy example as it was £1000 new. Expect older 10sp bikes to go for £600 ish and some will still go for more than that and the 11sp bikes could go for £800+.

Based on your logic, you could go and buy a 2014 Cannondale SuperSix Evo for £750 and I can tell you right now, that just won't happen. More like £1100 and some will go for £1300 even though you can get a 2015 bike for £1350 if you know where to look wink You might be able to get older 2013 spec bikes for £650, but the groupset will be low spec like Tiagra.

scrwright

2,722 posts

196 months

Friday 3rd July 2015
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Trying to work this out myself, have an unused full sus MTB that is a few years old, like new, £1600 rrp was going to put it out for a grand & see where I get, as everything its as much as someone will pay for it.

g7jhp

6,995 posts

244 months

Friday 3rd July 2015
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Put the bike on eBay with a reserve for the upper valuation. If it sells great, if it doesn't you have a guide to what people would pay and could come down towards that.

anonymous-user

60 months

Saturday 4th July 2015
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-10% if a private sale!