|How will WalMart effect resell value of schwinns & GTs ?||century2|
Apr 17, 2002 3:05 PM
|since everyone will soon associate Schwinn and GT bikes with WalMart, Target, and toys-r-us -- how do you think the resell value of these bikes will be effected? And how about warranty? there is not a single Schwinn or GT dealer left anywhere nearby me; I guess it is the same in many places.|
|re: How will WalMart effect resell value of schwinns & GTs ?||fuzzybunnies|
Apr 17, 2002 5:25 PM
|Look at what the bikes are currently going for on ebay and you'll see that the resell value for them has already gone through the floor. As for the warrenty, the shop you bought it from may still back the old warrenty other wise it's one year only.|
|Why not just enjoy the bike?||retro|
Apr 18, 2002 7:04 AM
|We've touched on a subject that gripes me more than it should: People seem unable to buy anything without worrying about what they'll be able to sell it for. Makes sense with a house, and maybe a little with a car, if you don't plan to keep it long...but a bike is essentially a toy, not an investment. With VERY rare exceptions, you're going to lose your @ss when you sell. That's why a lot of us have a garage full of old bikes--by the time you buy a new one, the old one's only worth a couple of hundred dollars, so you make it a singlespeed or put fenders on it or whatever. Buying nearly ANYTHING for investment is risky, and with a bike it's almost a guaranteed loser. Just go ride.|
|Resale value is always a factor to consider...||elviento|
Apr 18, 2002 7:49 AM
|and there is nothing wrong with that. Some people happen to change their interests or financial conditions and need to sell a bike. There is nothing worse than having paid $4000 for a bike 3 months ago and then can't sell it now for $2000.
Some poeple go through a lot of bikes too. For example, you will lose a lot more money on a 2001 Litespeed Ultimate than a 2001 5900 if you sell them this year. If you can find a brand/model that has reasonably high resale value, plus if you do some research to get some discount in the first place, it costs just a few hundred dollars to get a new bike every year.
|stop it with the logic and sanity||mr_spin|
Apr 18, 2002 8:17 AM
|Look, if you can't instigate any conflict, take it somewhere else! :) (joke, sarcasm, etc.)|
|re: How will WalMart effect resell value of schwinns & GTs ?||elviento|
Apr 18, 2002 7:34 AM
|If they liquidate, then the company is gone, no warranty. If they reorganize, then the company changes hands, still warranty.
Resale value way down in either case. Schwinn Compact frames that used to appear on $3000 bikes are now sold for $399, etc.
Apr 18, 2002 7:40 AM
|with no replacement parts available or warranty these bikes are worth next to nothing for resale. That said...they are so cheap why not just buy one, ride it into the ground and throw it away if it breaks?|
|Why I decide to buy a GT after they went out:||Qubeley|
Apr 18, 2002 1:39 PM
|I bought a GT ZR 1.0 after they went out, paid $400 for the same frame Andri Tchmil used on the cobbles. I knew well that warrenty will be an issue. But, hey! For all the people who has gone through a couple of bikes, how many of you actually had a defect frame? The chance of your bike fails due to manufacturing is far less than being wrecked in a car accident. I had the opportunity to get a Cinelli frame, but I didn't think for that much more money, I will necesarily have a better ride. The bike used to be the Pro bike, just because the manufacurer is out doesn't make all the frames lose their quality all of the sudden. I knew well that the bike will not have too much resell value, but you paid $400 total, how much can you lose?
Regarding the resell value, I agree with previous post, bike is a rather bad choice for investment: You always lose, unless you buy secondhand and sell it claiming you were the original owner. Contrary to what many people might think, Colnago, the most lust after bike, is probably the worst sucker when it comes to resell. Just do a search on Ebay. There are simply too many source people can get it secondhand cheaper than the price you ask for.