Value of slightly used bikes?
I saw ads from individuals wanting to sell supposedly slightly used bikes. One is a 2008 Cannondale Adventure 4 and the other is a Giant Cypress DX. What should they be worth as used bikes?
I saw ads from individuals wanting to sell supposedly slightly used bikes. One is a 2008 Cannondale Adventure 4 and the other is a Giant Cypress DX. What should they be worth as used bikes?
Jib Jab
Favorite Answer
What year Giant? Bicycles depreciate in value too, just like cars. Figure roughly 10% depreciation per year, minimum. A 2001 Giant Cypress DX went for $350. Today maybe $75. A 2008 Cannondale Adventure 4 went for $429.99 new. Today it would still be a good buy as much as $300, if in good condition & is the right size for you. If any bike isn't the right size for you, it's useless.
http://www.bikepedia.com/QuickBike/BikeSpecs.aspx?Year=2001&Brand=Giant&Model=Cypress%20DX&Type=bike
http://www.bikepedia.com/QuickBike/BikeSpecs.aspx?Year=2008&Brand=Cannondale&Model=Adventure+4&Type=bike
Anonymous
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Add-ons to any bike are there because the current owner (you) like them... not necessarily because the buyer will want them, and certainly not because the buyer will be willing to repay you "retail" for those add-ons (because they are now used, even if you installed them yesterday). New tires are always a good investment to increase your price slightly (and buyer interest) IF the bike's current tires are beyond worn!. The new owner will save $ in the short-term, and the bike will be "ready-to-ride" when they take possession! The only draw-back is that most savvy buyers will not care if the tires are new, or will have a preference of another brand or style tires, which means they will see new tires as a hindrance that will need to be addressed if they buy it! Every buyer is different though.... If you look at any "book" value, for any bike, there is always an asterisk next to every price, which clearly footnotes that any aftermarket add-on's should add no more than $25 (usually) to the price... and some add-on's do not increase the value at all... such as taller windscreens, aftermarket LED signals, under-glow lighting, etc. even if you paid $1000 for the add-on, retail... you'll lose $ by leaving it with the bike or selling it separate (because it is a used part now). When I buy a bike, I always look for one that has some accessories, but I will not pay a dime extra just because they are there. In all honesty, most of the time I'll be taking the crap-add-on's off and selling them locally or on eBay, so I can put on the things "I" want...
?
Even if the shop was selling a brand new 2008 it would be greatly reduced and missing all the new technologies. Planned obsolescence was created for bicycles, decades before it was applied to computers.
A bike that has been used, not matter how little is never worth more than half the price of new. You will be missing the warranty, the professional fitting, the whole year of free tune ups and other goodies you get buying from a shop. Plus you never know if the bike has been stolen or has been crashed or has some serious problem.
kucuba
Giant Cypress Dx Price
bikeworks
Go to http://thecheapbikeshop.com and go to the used bike value calculator. Fill in the info and there you have it.