You don't need to be an 'investor' to invest in Singletrack: 6 days left: 95% of target - Find out more
Im thinking about selling my bike and buying a pivot 5.7 but just would like to know how much people think it would be worth first.Its a felt virtue 2,2009 model with rockshox recon 351 front fork.The bike is in very very good condition,not scratches at all hardly.cheers
50% of what you paid, then 10% off per year
50% and ten percent a year seems a bit much.
I mean 10% of the new number, so a 3 yr old £1000 bike = £365. Feel free to ignore me and list it for 90% of what you paid.
Something is only worth what another will pay. Ebay it with no reserve...
Remember too that there's no warranty on 2nd hand.
That sir, is bollocks 🙂
Go onto eBay and search for your bike, ticking "completed listings" when you do. If any have sold recently you'll get an idea of what you can expect. Don't forget that an eBay price includes 10% commission plus a Paypal fee, so you can adjust the figure to sell via the classifieds here.
Failing that, is it a sought after bike that sells like hotcakes, or is favoured by the not particularly bike literate? (Think Boardman Team FS, Carrera, Spesh etc etc) in which case you'll get way more than any 50% minus 10% rule of thumb. If it isn't, consider stripping it and selling it as a bunch of components to maximise what you get back.
50% and ten percent a year seems a bit much.
It's about right.
I'd say 50-60% after one year depending on the bike and the condition. Then 10% off the new figure every year. The problem you have is that after a year, your nominal £1000 bike is in a sale somewhere for £700-£800, so there's no way anyone is going to give you any more than £600 for it used.
This is exactly why I buy used components and bikes. They are terrific bargains.
🙂
I thought bikes held there money better to be honest,the bike cost me 1600 so i think ill just keep it if im only expected to get about five or six for it.cheers for input anyway.
Right. Apparently they were £1600 new
http://www.bikeradar.com/gear/category/bikes/mountain/product/review-felt-virtue-2-09-34091
It's now 4 years old
Year 1 £800-900
Year 2 £720-£810
Year 3 £650-£730
Year 4 £585-£660
Now, if it really is in spectacular condition and you know how to write a really good eBay advert, you just might get £700 for it. Knock the fees off and you'll loose a chunk of that.
People generally don't want full bikes, you'll get more if you break it and sell as parts. Frame and forks will probably go for over £400 between them alone.
I thought bikes held there money better to be honest,the bike cost me 1600 so i think ill just keep it if im only expected to get about five or six for it.cheers for input anyway.
It just the way it goes, really...... I sold £2400 worth of Yeti 575 at 18 months old for £1250 and thought I'd done well, because that was a boutique bike.
Yeah, you might as well hang onto it. I'm doing that with my Pitch. It'll never be a bad bike.