Resell of a MTB

[rvdp]

Hi everyone. Compliments of the seasons. So in 2016 I bought my wife a Silverback Sola 3, right. Nice 3 x 11, mid entry level for R13,000. Was a good price back then. Cam out with Recon Silver 32", SLX rear deraileur, and straightforward deore. The MTB did 190km as she could just not get around to it. 

2 months ago I made a project of the bike. I added XT 11 SPEED GS REAR DERAILEUR, 30T CHAINRING upfront with a Sunrace top-of-the-range 10 speed 11-46 casette. Also did tubeless conversion with brand new Crossmark 2. Guess what, not ridden once. 

We decided to sell and started to look at the market comparisons. Bike addict selling a second hand Sola 3, 3X, deore groupset,  2016, with downish spec second hand for R8900.

I decided to advertise for R14,000.00, leaving enough room for bargaining etc. I had an offer from a guy for R7000, for the upgraded bike. I said well, for 8K I will consider replacing the spec to original 3X, SLX deraileur, and he can have it. He replied "no" and that the components is not worth the price. 

 

 

Whats your feel on this. Any constructive/positive feedback here?

[madmarc]

Its a problem when you upgrade medium to entry level bikes, and then try sell them to recoup what you invested. If you look at whats on offer in the classifieds, there's lots of similar spec bikes in the 8 - 10 K range.

 

I have a top of the range TREK 9.8 full carbon highly spec'd bike that's probably worth 20K, but resale ? will probably not even sell because its a 26er unless its a give away price. So i keep it as my fun bike.

 

Bikehup also not the best place to get top dollar for used kit. People on here look for bargains or good deals.

 

If you looking for a quick sale then you need to drop the price. Or have patience. Also advertise it on mulitple platforms - Go to FB - "Mountain Biking South Africa" or "MTB South Africa" groups are all very active with guys selling used bikes

 

Good luck with the sale

[porqui]

Meneer ride it off the shop floor and the price drops significantly.

 

Remove the upgrade parts and make the bike spec again and sell "upgrade" parts separately.

[Ysterperd]

Website to determine approx value

 

https://www.bicyclebluebook.com/

[Grease_Monkey]

Meneer ride it off the shop floor and the price drops significantly.

 

Remove the upgrade parts and make the bike spec again and sell "upgrade" parts separately.

Follow this advice. Return to original spec, sell for +/- 7 or 8k. Then sell the parts on their own or re-use on a new bike. Unfortunately that level of bike will never sell for more because they are upgraded, there is unforutnately a ceiling price for them, which means you will be giving the upgrades away.

[rvdp]

Funny enough, the guy, fro. This platform, wants to buy upgraded bike for 7k, but uninterested in stock standard version.Bike Addict sells 2nd hand stock standard, same year for 8.9k. I reckon a chancer.

[Grease_Monkey]

Funny enough, the guy, fro. This platform, wants to buy upgraded bike for 7k, but uninterested in stock standard version.Bike Addict sells 2nd hand stock standard, same year for 8.9k. I reckon a chancer.

The guy you are referring to does sound like chancer, many of those around. Not worth wasting your time on them.

[Eugene]

Remember people buy second hand to get a bargain. If it is not a bargain, then they'll rather buy new.

 

Personally, I would accept the R7k he offered you.

 

The type of person wanting a Silverback hardtail would probably prefer a 2 x 10 setup anyway, so the value you have placed on 1 x 11sp is not the same value as a buyer would place on it.

[Kranswurm]

Remember people buy second hand to get a bargain. If it is not a bargain, then they'll rather buy new.

 

Personally, I would accept the R7k he offered you.

 

The type of person wanting a Silverback hardtail would probably prefer a 2 x 10 setup anyway, so the value you have placed on 1 x 11sp is not the same value as a buyer would place on it.

Agreed..7-8K is fair considering the second hand market

[DJR]

Calculate value like this:

 

Buying price new

Minus 25-30% immediately when you walk out the shop with it

Then minus 10-15% for every year it is old

Upgrade parts often counts for nothing on a lower end bike

Upgrade parts count for maximum 50% of their new value on a higher end bike

 

On a very desirable model you can go higher than the end sum

On a less desirable model you will will have to drop it below

 

Main barrier to buying 2nd hand is that it has zero legal manufacturers warranty, no matter what. THAT is the main reason most 2nd hand bikes sell for around 50-75% of their new prices.

[Nkiliva]

Part of the unwillingness of the possible buyer to pay asked or near asked price is the reason that some sellers, if not most in this platform, sell used bikes at ridiculously high price...and this sends a very wrong message to potential buyers. I have seen 2 same specked bikes but with about 30% in price difference.

 

Personally, when i sell a used good it's really a bargain to whoever buys it... and i forget about what paid for, literally.

 

With years, the sellers are getting really greedy here...that's my view.

[Goodbadugly]

Calculate value like this:

 

Buying price new

Minus 25-30% immediately when you walk out the shop with it

Then minus 10-15% for every year it is old

Upgrade parts often counts for nothing on a lower end bike

Upgrade parts count for maximum 50% of their new value on a higher end bike

 

On a very desirable model you can go higher than the end sum

On a less desirable model you will will have to drop it below

 

Main barrier to buying 2nd hand is that it has zero legal manufacturers warranty, no matter what. THAT is the main reason most 2nd hand bikes sell for around 50-75% of their new prices.

I agree with 90% of this

Except the sentence in bold.

New bike prices is the problem. How the hell is it possible for a mtb to be 'worth' R200k? R30k for a wheelset? R800 for a mtb tire? R6k for a cassette?

So as far as I am concerned the 2nd hand prices are a bit closer to the real value.

 

To the OP.

The price of any article is dictated by what people are prepared to pay for the article. Not by the seller. In new articles prices are dictated by the want. Second hand article prices more often by a need. 

[DJR]

................New bike prices is the problem. How the hell is it possible for a mtb to be 'worth' R200k? R30k for a wheelset? R800 for a mtb tire? R6k for a cassette?

So as far as I am concerned the 2nd hand prices are a bit closer to the real value...............

I get what you are saying.

 

I have the same feeling when I look at what all manner of mass produced things are sold for. Be it phones, computers, cars or bikes. And the flip side of the coin is how unwilling most people are to pay for something unique, hand made, one of a kind. I think it can be summed up by saying that the worlds' value system is seriously out of whack.