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Evaluating how much a second hand bike is worth
Apologies if this is in the wrong place ( I am new here )!.
I have a Dawes Super Galaxy 2011 that was recently renovated with new rear and front cassette and chain and am going to replace this with a Cube Peloton Race 2014. Problem is that I have no idea how to price a bike when selling it. For all i know it could be worthless!
If anyone could provide some advice because I tried looking for similar items and didnt find any so cannot use their price as a guide.
Thanks for any help in advance.
Matt
If you're new please join in and if you have questions pop them below and the forum regulars will answer as best we can.
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3 comments
Funny that because if I had a Cube Peloton Race I'd be more than happy to exchange it for a Dawes Super Galaxy!
Unless it's vintage a used bike in good condition is worth 40-50% of it's RRP.
To be facetious, it's worth what someone's prepared to pay.
As a starting point though, there was a 2012 'non-super' on CTC the other week for £600: http://forum.ctc.org.uk/viewtopic.php?f=40&t=85981&p=775683&hilit=galaxy...
And of course you can always search completed sales on FleaBay: http://www.ebay.co.uk/sch/i.html?_sacat=0&_from=R40&LH_Complete=1&_nkw=d...
From past observations, the new parts on a used bike appear to have negligible effect on the selling price, so while it may help sell it, I wouldn't expect to recoup those expenses.
Good luck with the sale!