|Pricing a used bike||Sally|
Jul 5, 2001 3:28 PM
|I'm planning on buying a used bike--are there any guidelines for the depreciation value from the original price?|
|bikes depreciate quickly...||C-40|
Jul 5, 2001 4:28 PM
|Unless you find one that's just been sitting, even a one year old bike would rarely be worth more than 60% of MSRP. If the bike has serious mileage, even less. The exception would be highly sought after, high-end models that are scarce.
Also don't pay much for an old bike, even if it has been used very little. If it isn't 9 speed, it's worth 40% of MSRP or less.
One reason for the low value of high production models comes from the fact that they are often discounted 25% or more if they are sold new, as left-over stock.
|re: Pricing a used bike||DaveG|
Jul 6, 2001 4:51 PM
|I would agree with C-40's guidelines. I've generally done slightly better than 40% of original cost on bikes I've sold, but not by much. >60% might be possible if its less than 2 years old, and is in demand. Of course if its on Ebay, it usually ends up going for about twice what its worth!|| |