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Posted

I am planning on buying a second hand Giant XTC. I know its commen for them to crack on the seat tube.

 

Will I still have warranty on it if I am the second owner?

Posted (edited)

I am planning on buying a second hand Giant XTC. I know its commen for them to crack on the seat tube.

 

Will I still have warranty on it if I am the second owner?

 

Normally the warranty is not carried over to the second owner (Not just Giant specific).

Edited by BIERSTEKER
Posted

No.

 

That's why the starting place for negotiating a price on the frame should be 40% below new, then take 10% off for every year of the frame age. For components, take 30% off and then 10% per year. Add the 2 numbers and that is what you should try to get the bike for.

 

Buying second hand, YOU take the risk, therefore you should get it cheap enough to make it worth your while. Otherwise you should be looking at new.

Posted

No.

 

That's why the starting place for negotiating a price on the frame should be 40% below new, then take 10% off for every year of the frame age. For components, take 30% off and then 10% per year. Add the 2 numbers and that is what you should try to get the bike for.

 

Buying second hand, YOU take the risk, therefore you should get it cheap enough to make it worth your while. Otherwise you should be looking at new.

 

That makes no sense. The bike is going to depreciate at the same rate wether you are the first or any subsequent owner.

 

the OP's question is more to do with the transferability of the warranty than what price to pay for used goods. And as has been metioned, whilst not ethically correct, you can obtain the original proof of purchase and use the warranty.

Posted

No.

 

That's why the starting place for negotiating a price on the frame should be 40% below new, then take 10% off for every year of the frame age. For components, take 30% off and then 10% per year. Add the 2 numbers and that is what you should try to get the bike for.

 

Buying second hand, YOU take the risk, therefore you should get it cheap enough to make it worth your while. Otherwise you should be looking at new.

What DJR said....that's all.

is' ja :thumbup:

Posted

That makes no sense. The bike is going to depreciate at the same rate wether you are the first or any subsequent owner.

 

the OP's question is more to do with the transferability of the warranty than what price to pay for used goods. And as has been metioned, whilst not ethically correct, you can obtain the original proof of purchase and use the warranty.

That's fraud

Posted

I am planning on buying a second hand Giant XTC. I know its commen for them to crack on the seat tube.

 

Will I still have warranty on it if I am the second owner?

No

Posted

Exactly what they said to me about a component (not frame)....but then i contact the manufacture overseas and got it sorted out in less than week because they was aware that there was a manufacturing fault on them.

 

I am not to sure that XTC frames crack, but know that the 2012 (29er) Anthem frames had a common problem with frame cracking at the seat post. The 2013 frames were mush better.....

Posted

That's fraud

 

I said it wasn't ethical.

 

Wandering off on a tangent about the depreciation of second hand goods is kind of pointless with regards to the original question.

Posted

 

 

I said it wasn't ethical.

 

Wandering off on a tangent about the depreciation of second hand goods is kind of pointless with regards to the original question.

I think it added great value to be honest. He tried to explain why there is merit in buying new and highlighted why bikes depreciate at the speed of white light.

 

Ps thin line between ethical and illegal in this case...not worth it.

Posted (edited)

I think it added great value to be honest. He tried to explain why there is merit in buying new and highlighted why bikes depreciate at the speed of white light.

 

Ps thin line between ethical and illegal in this case...not worth it.

 

 

Look at it this way. I can go right now and buy a brand new bike that cost more than a brand new car. If I sell them both the next day, the car goes with it's warranty and maintenance plan, the bike not.

 

Both will suffer depreciation, and you take the knock for that.

 

Why is the warranty of a bike attached to the person and not the thing? We as cyclists just sit back and take it once more.

 

Would I commit fraud? Dunno, but based on the value of bikes these days, I'd think twice about it.

Edited by Cellar
Posted

 

Why is the warranty of a bike attached to the person and not the thing?

 

 

Good question that one

 

I think there are several reasons:

 

1. If the bike frame warranty is for life of the original owner, the manufacturer has to limit it somehow, otherwise they would have to replace every bike frame eventually, if the lifetime warranty got transferred on and on.

2. A car warranty is for a limited time period, so there is a limit to the liability for the manufacturer.

3. I think the bike makers use that warranty as a marketing tool to encourage people to buy new bikes, which is what they need to make a profit.

4. There is nothing preventing the seller of a 2nd hand bike to offer the buyer a warranty, limited or lifetime, but it never happens, because the seller knows it is too great a liability to shoulder.

5. I think a limited time warranty should be transferred to the next owner, hopefully bike makers might do this some day

 

Btw Cellar, I only meant to explain why the initial depreciation on 2nd hand bikes is so steep. Basically, it is that lifetime warranty that the 2nd owner don't get, that cause the price to drop like a lead balloon when you walk it out of the bike shop. I know both the pain and the joy, having bought and sold new and second hand myself.

Posted

 

 

 

Look at it this way. I can go right now and buy a brand new bike that cost more than a brand new car. If I sell them both the next day, the car goes with it's warranty and maintenance plan, the bike not.

 

Both will suffer depreciation, and you take the knock for that.

 

Why is the warranty of a bike attached to the person and not the thing? We as cyclists just sit back and take it once more.

 

Would I commit fraud? Dunno, but based on the value of bikes these days, I'd think twice about it.

Yep, is a bit of a mystery that warrantee is tied to person buying...unlike with a vehicle. DJR summed it up perfectly. And it is what it is...

 

 

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