What should the cost of a second hand bike be?

[Sportsworld.co.za]

With new bike prices indicated (or generally accepted) to be rising by between 15% to 20% for 2014, I'm not sure if 2nd hand prices will drop.

 

When a seller sees that a bike that was costing R20 000 to buy is now R24 000 will they keep their 2nd hand model at whatever selling percentage of the original price or be tempted to ask for more because the new one costs a lot more?

 

Interesting times ahead I think.

[Brett]

sell for what you can I guess. you start somewhere and work from there.

Saffers bargain. so if you start at 10k youll get offers of 7k. if you start at 15k then you might get your 12k or 13k that you wanted.

I know some people that have sold used stuff for more than they paid new.

so it all depends who is buying and what the new value is.