How is 2nd hand bike price set?

[TLetlhatlhe]

Thank you everyone, I will shop around some more & ask my colleague first before making a decision to purchase. Almost gave my hard earned money away.

[Brickleberry]

Damn, the world of cycling is brutal isn't it. Had bought a 2014 Zaskar Sport last year before it got jacked. So that bike would be +/-R5000.00 today depending on how often I rode it? So, if I insure it and it got stolen or irreparably damaged after 3 years, I would consider myself lucky(insured price not the same as resale price). Bikes are worse than cars then when it comes to holding up their value. Wouldn't be so into it if it weren't so flippin' enjoyable;-)

Correct. The question of weather cycling can make you a millionaire has been asked before and the answer is yes.... But only if you are a billionaire .

[Dicky DQ]

And don't forget if it is a 26'r the math is now probably 50%, 50% per year

[eccc whippet]

I was told an interesting way to calculate the value of a second hand bike...take 40 % off the retail price...then reduce it by 10 % per year...the bike I purchased last week...I paid exactly that amount according to the calculation for the bike...

 

I don't know that it would work for my anthem...that would mean I could only ask R12 for it...2010 model anthems go for that price?

[TALUS]

Look through lots of Hub classifieds. The ones that are not selling are overpriced.

[Pure Savage]

Look through lots of Hub classifieds. The ones that are not selling are overpriced.

I have subscribed to road wheels ads on bikehub, every new advert I get a mail. It's Ben almost 6 weeks and I keep seeing the same wheel set get cheaper and cheaper. Still overpriced.

 

On an unrelated note, anyone wanting to sell 50mm dark horse clinchers using the formula above, let me know.

[eccc whippet]

On route to job on Saturday to collect my new bike..2 things I noticed...

 

1 ...how many vehicles with trailers moving furniture towards Durban

 

2....how many bicycles on bike racks....bicycle business is booming...if you see the markup...which you see on specials ( company would never sell below cost) ...some say it's a tough market...if some these of these bike shops can afford show rooms like they have and still sell product at the same price as online companies....someone is making good money [emoji6]

[Martin PJ]

Two years ago I sold my Giant Anthem 2 full suspension 26 er on the Hub for R8000, I had paid R22K for it 18 months previously. These bikes lose value very quickly, especially if the later models are better, e.g. 29er versus 26 er, 10/11 speed vs 9 speed.

[Rocket-Boy]

I was told an interesting way to calculate the value of a second hand bike...take 40 % off the retail price...then reduce it by 10 % per year...the bike I purchased last week...I paid exactly that amount according to the calculation for the bike...

 

I don't know that it would work for my anthem...that would mean I could only ask R12 for it...2010 model anthems go for that price?

One of the major factors is warranty.

The warranty is only extended to the original owner, so if you buy a bike that is 6 months old you need to know that you are not getting a warranty with it regardless of how new it is.

[Speeltyd]

I do not think there are easy, straight formula's that apply. A lot depends on new technology and trends. The value of good 26ers fell a lot when 29ers became popular. A bike with 9 speed at the rear may be regarded as old technology compared to new 11 speed. Certainly, when a bike is 10 years old (especially a MTB), it is almost at the point where it can not be sold for more than a thousand or two - simply because the technology on it is totally outdated. There will always be exceptions, eg when it is a boutique brand, or seen as a collectible.

The Hub (specifically), but e-commerce in general has changed that a lot - pricing 2nd hand bikes has almost become like determining stock prices on the JSE - it has become a question of supply and demand. Like someone has said, look on the hub - if it does not sell, it is overpriced - thus become negotiable. Other than that, on places like the Hub you will find a lot of options with comparable prices - simply because sellers compare their prices to others there.

[Disher]

Okay so perhaps a timeous thread. Yesterday I saw a bike for sale advertised for 105k. In comment around that someone said nooooo new its 125K... interesting. Popped down to a LBS stocking my favourite brand.... also 125K new.

 

F%%&%'

 

This got me thinking.

 

A 300cc KTM Motocross bike - a 2013 690 R dual purpose. Both below 120K.... keep digging and a KTM 300 Six days 2016 model is 110K. So without you thinking I am doing some advertising (I'm not)... but it has fried my brain how a bicycle can rival those prices.

 

Take the top of the range XXXX - It has great light 29 inch wheels, a carbon frame, may be running XTR or S ram components, maybe a 1 x 11 has some brake discs on it, decent pedals and a chain. + whatever else I forgot.

 

Now take the aforementioned 6 days KTM (or insert whatever) Honda/bmw/XXX - this has a pretty advanced engine of 300cc capacity. It has leading edge technology brakes, a gear box, an advanced exhaust pipe, in many cases an odometer, lights etc.. you get my point. Moreover it has the ability to transport 2 people (depending on the model) at speed from point a - point b.

 

How is 125k worth of value derived from a bicycle. ??? How on earth and I don't care what brand name is thrown around does one extract 100K + value from a bicycle. For the sake of this discussion, lets not even mention the 60 - 80K examples.

 

Being fortunate to have one of my other hobbies as aviation, one can get a very decent Microlight for 125K. ??? Wont even go into the merits of that design, engineering, and build for light weight components...?/

 

I have seen several folk (myself included) clatter pretty successfully around van gaalens / (pick a venue) on a 25k 29er... or a 15K 26 er or even a sub 10K whatever and derive just as much fun out of the experience. Yes I had the privilege of riding a 1x11 pyga around the greek church route, was it awesome yes.... but even then that's a 60 k bike?? what the hell more could I get for another 60K

 

In this day and age, my humble opinion is that the manufacturers are going to have to fight hard for my cash. The competition is not between manufacturers but the other sports / hobbies that I could ALSO do if I divided up the cash wisely instead of throwing it all at a bike??

 

Just shooting the breeze here, but can someone explain to me why I should pay more than 35K for a bike??

[Speeltyd]

Okay so perhaps a timeous thread. Yesterday I saw a bike for sale advertised for 105k. In comment around that someone said nooooo new its 125K... interesting. Popped down to a LBS stocking my favourite brand.... also 125K new.

 

F%%&%'

 

This got me thinking.

 

A 300cc KTM Motocross bike - a 2013 690 R dual purpose. Both below 120K.... keep digging and a KTM 300 Six days 2016 model is 110K. So without you thinking I am doing some advertising (I'm not)... but it has fried my brain how a bicycle can rival those prices.

 

Take the top of the range XXXX - It has great light 29 inch wheels, a carbon frame, may be running XTR or S ram components, maybe a 1 x 11 has some brake discs on it, decent pedals and a chain. + whatever else I forgot.

 

Now take the aforementioned 6 days KTM (or insert whatever) Honda/bmw/XXX - this has a pretty advanced engine of 300cc capacity. It has leading edge technology brakes, a gear box, an advanced exhaust pipe, in many cases an odometer, lights etc.. you get my point. Moreover it has the ability to transport 2 people (depending on the model) at speed from point a - point b.

 

How is 125k worth of value derived from a bicycle. ??? How on earth and I don't care what brand name is thrown around does one extract 100K + value from a bicycle. For the sake of this discussion, lets not even mention the 60 - 80K examples.

 

Being fortunate to have one of my other hobbies as aviation, one can get a very decent Microlight for 125K. ??? Wont even go into the merits of that design, engineering, and build for light weight components...?/

 

I have seen several folk (myself included) clatter pretty successfully around van gaalens / (pick a venue) on a 25k 29er... or a 15K 26 er or even a sub 10K whatever and derive just as much fun out of the experience. Yes I had the privilege of riding a 1x11 pyga around the greek church route, was it awesome yes.... but even then that's a 60 k bike?? what the hell more could I get for another 60K

 

In this day and age, my humble opinion is that the manufacturers are going to have to fight hard for my cash. The competition is not between manufacturers but the other sports / hobbies that I could ALSO do if I divided up the cash wisely instead of throwing it all at a bike??

 

Just shooting the breeze here, but can someone explain to me why I should pay more than 35K for a bike??

Why would you pay more for a Rolls Royce than a VW. You probably won't, with the same rationale (which is fair). You can get a great bike for R35k, and even for less - so, don't pay more, unless it is the "Rolls Royce" that you want - in which case, pay the premium and shut up

[lerouc]

I bought a Giant XTC which was less than 6 months old for basically half price. You were still able to walk into Giant shops and the same bike was still on the floor. The new models wasn't even out yet.

 

It comes down to how long do you want to advertise the bike or do you want a quick sell. (same as property) if your price is right it will sell if you want to make money (or loose less) you must play the waiting game.

 

I've seen some ridiculous prices for second hand bikes where people bought a 20k bike new and rode it twice didn't like it and now advertising for 18k.

 

There is an XTC on the classifieds here which i have been eyeing for a while. I first made contact with the seller in September, saying no offence but your price is too high, wanted 23k for a a bike that was 28k new. I made an offer for less which he refused (yeah it was quite low though) but he was adamant he is not going to drop his price further.

 

So the bike is still for sale and if he was only a bit more negotiable he would have had cash in the bank already.

[HeyYou]

A good place to start: Not for SA, but gives you the 'international' value.

 

http://www.bicyclebluebook.com/Default.aspx

[sakkiebomskok]

The motorbike argument is not valid bud. People attach value to what they feel is worth the work they have to put in for the joy theu get out(and of course their interests). If you use that argument then i can say 150 million is way to much for a painting that just hangs on a wall and i can print one that looks exactly the same for R20.

 

Bikes of 100k, like the Canondale at CWC for 145k is a bit ridiculous because i don't believe that the R&D and the material costs get even close to that. If you look at a bike that has the same parts but a different (also carbon frame), or previous year model for half the price with nothing changed it shows me that people pay to show off their new toy to their friends.

 

BUT that being said. New tech makes a huuuge difference, and even more so for pros. Remember these bikes are made for the guys who win a race by 1 or 2 seconds some times. These days everyone has the same, nutrition, training tech, etc so every single minute advantage is worth any amount of money for them.

 

 

As for the original poster. Market dictates the price. A 26er is worth alot less here in SA than in Europe and Aus for instance, because we are snobs and always want the best to show off with. And that bike isn't worth more than 5 maybe 6k.

[2 X 2]

Okay so perhaps a timeous thread. Yesterday I saw a bike for sale advertised for 105k. In comment around that someone said nooooo new its 125K... interesting. Popped down to a LBS stocking my favourite brand.... also 125K new.

 

F%%&%'

 

This got me thinking.

 

A 300cc KTM Motocross bike - a 2013 690 R dual purpose. Both below 120K.... keep digging and a KTM 300 Six days 2016 model is 110K. So without you thinking I am doing some advertising (I'm not)... but it has fried my brain how a bicycle can rival those prices.

 

Take the top of the range XXXX - It has great light 29 inch wheels, a carbon frame, may be running XTR or S ram components, maybe a 1 x 11 has some brake discs on it, decent pedals and a chain. + whatever else I forgot.

 

Now take the aforementioned 6 days KTM (or insert whatever) Honda/bmw/XXX - this has a pretty advanced engine of 300cc capacity. It has leading edge technology brakes, a gear box, an advanced exhaust pipe, in many cases an odometer, lights etc.. you get my point. Moreover it has the ability to transport 2 people (depending on the model) at speed from point a - point b.

 

How is 125k worth of value derived from a bicycle. ??? How on earth and I don't care what brand name is thrown around does one extract 100K + value from a bicycle. For the sake of this discussion, lets not even mention the 60 - 80K examples.

 

Being fortunate to have one of my other hobbies as aviation, one can get a very decent Microlight for 125K. ??? Wont even go into the merits of that design, engineering, and build for light weight components...?/

 

I have seen several folk (myself included) clatter pretty successfully around van gaalens / (pick a venue) on a 25k 29er... or a 15K 26 er or even a sub 10K whatever and derive just as much fun out of the experience. Yes I had the privilege of riding a 1x11 pyga around the greek church route, was it awesome yes.... but even then that's a 60 k bike?? what the hell more could I get for another 60K

 

In this day and age, my humble opinion is that the manufacturers are going to have to fight hard for my cash. The competition is not between manufacturers but the other sports / hobbies that I could ALSO do if I divided up the cash wisely instead of throwing it all at a bike??

 

Just shooting the breeze here, but can someone explain to me why I should pay more than 35K for a bike??

 

 

Yes I agree the prices of some bikes are way to high and they are really not worth such high prices, but as long as you have people buying such expensive bikes, you will have manufacturers supplying them.  There's always people with too much money that want to have the the most expensive bike (not necessarily the best bike) to impress there friends.