How much should I ask for this Schwinn?

Question

I have a 1999 Schwinn Circuit road bike with Shimano components that I want to sell. It's too nice a bike for me, since I ride rarely. It has road shocks, which I think they were only making that year; some people like them and some don't. They don't weigh much and do make your ride nice. It's 48cm - for a person 5' to 5'6". If it matters, the color is fire engine red. What do you think is a good price to list it at (USD)? I have no idea. In 1999 this model retailed $1100.

bikeworks · Accepted Answer

Well, considering the bike is more than a decade old, you can work out a price like this...

Take the original price ($1100) and subtract 50% ($550). Then reduce the price 5% for each year of age (.05x12=0.6, or 60%) which gives you $220.00.

Start a little high, say, $300 but expect to settle at or near the $220 mark.

How much should I ask for this Schwinn?

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