Whats your price limit for buying 2nd hand bike?

[Joe Low]

Hi

 

I've bin spending more time in the "For Sale" section recently & figure it would be better to re-name it "Dreamland"; cuz of the prices a lot of folk want for their stuff.

 

Very oddly (for those who know me) I was looking at mtbs but then you get drawn into other bike for sale threads. I ended up buying new, for R7k incl. a couple of bits; tho after Sunday on the Spruit it doesnt look new anymore (tnx Andy and Nance).

 

This time round, R6k was about my cut-off for 2nd hand, cuz aftr that you can get new & nice for not much more imo.

 

So tell me - whats the most you've spent on a 2nd hand bike?

 

Mine would be R7k for a 1998 steel Da Rosa with dura ace 5yrs ago.

 

Joe Low2010-01-20 06:31:09

[manbearpig]

I paid R14500 for a Yeti 575 2004 about 3 years ago. My original budget was 10k. It was soooooooo worth the extra 4.5. I'm buying new now but I'll never get rid of old faithful.

[Joe Low]

Wow, that's major expense & intrestin to see different people see things diffrently.

 

I thot with mtbs especially the wear and tear is a huge amount more than road & you'd have to be knowledgeable when buying.

 

Great that you bonded with it.

 

[stewie911]

Around R23500 for cervelo R3 with Records.

Budget was originally R3000, then R15000 and then I saw the cervelo.

 

Worth every cent.

 

By anonymous

[manbearpig]

It was either buy "a new toyota" (Raleigh) or "old Porsche 911" (Yeti) Given the abuse dished out I think the former would have fallen to pieces within a year.

[Jackes]

 

R 900 for my wife's Trek hybrid ( miss du toit's old, I presume school bike ), including a pair of hardly used shimano clip in shoes... 

Jackes17542010-01-20 06:41:32

[fandacious]

Around R23500 for cervelo R3 with Records.

 

Budget was originally R3000' date=' then R15000 and then I saw the cervelo.

 

?

 

Worth every cent.

 

?

 

By anonymous

[/quote']

 

 

 

with records? like speed records? or LPs?

[Minion]

I haven't bought a whole bike, but I have spent a fair amount on second hand parts.

 

I wouldn't really set a fixed upper limit on the actual amount I'd be prepared to pay for a second hand bike. I would, however, hesitate to pay more than 50% of the cheapest equivalent new price.

 

[Joe Low]

I wouldn't really set a fixed upper limit on the actual amount I'd be prepared to pay for a second hand bike. I would' date=' however, hesitate to pay more than 50% of the cheapest equivalent new price.
[/quote']

 

Yup thats a reasonable approach.

 

Its a pain to offer a lot lower than what the guy is expectin so i didnt get involved. But i wonder how many bikes go for close to the asking price here.  Impossible to know i guess.

 

 

[GoLefty!!]

depends on whats on offer and the condition.

of course there depreciation but 50% in one year is just being cheap.

 

2nd hand car prices are indicative of what you can expect to payfor 2nd hand bikes or frames.

if you buy a new car for R250,000 its 2nd hand value a year later is R220,000 or thereabouts.

After 3 years its about 60-70% of new value.

 

Can't see why bicycles should be any different. Buy a new bike for R25,000 and a year later in the cycling world someone wants to offer you R5,000 for it. Thats a little over the top but is seems to be the truth for selling on the hub.

 

 Parts are expendable afterall and after 6months should be worth much less than half it value.

 

Frames don't wear out so they should retain their value far longer than a whole bike. You can't expect to pay 30% of new value for a 2nd hand frame that in good condition and still within it warranty period. I'd pay anywhere between 50% and 70% of new value for a frame.

The lower end if buying from a sponsored rider who races every weekend, and the higher end if buying from an enthusiast who just like nice things.

 

the user profile is very different and therefore 2nd hand prices should reward the enthusiast.

 

 

 

[AndreZA]

You can't expect to pay 30% of new value for a 2nd hand frame that in good condition and still within it warranty period.

 

 

 

 

but that is where the problem come in. Warranties are not transferable so you sit with the good if they break or you have to put in a claim against your insurance that will push up your premium.

[stewie911]

Around R23500 for cervelo R3 with Records.

Budget was originally R3000' date=' then R15000 and then I saw the cervelo.

 

Worth every cent.

 

By anonymous

[/quote']

with records? like speed records? or LPs?

 

That would be campagnolo records 10sp.

 

Cars and bikes are different. Frames may last longer, but cyclists like new fancy pretty frames. Components lose their value depending on use. Also the bling factor.

 

And because cycling stuff is alot cheaper than cars, people would rather buy new if they can't get a very good bargain on second hand stuff.

 

stewie9112010-01-20 07:07:06

[benadeja]

Mine was R4000 bought my cycle on the hub , but it was quite a shock when I started cycling end last year never knew this was such an EXPENSIVE world to enter.

[GoLefty!!]

 

You can't expect to pay 30% of new value for a 2nd hand frame that in good condition and still within it warranty period.

 

 

 

 

but that is where the problem come in. Warranties are not transferable so you sit with the good if they break or you have to put in a claim against your insurance that will push up your premium.

 

 

ah you see you are not thinking creatively.

 

most warranties are dealt with by the bike shop. They order you a replacement part/frame from the distributor who underwrites the warranty.

 

if the LBS recommends a warranty is in order then there is an open door for warranty transfer.

 

if you have a good relationship with your LBS and they know your profile, it is entirely possible to sell the bike and if something goes wrong i.e. frame cracks after 6months, but the frame is still within the original warranty period, for you the original owner to lodge the warranty claim with the original LBS on behalf of the new owner.

 

The reasoning is simple. If the frame cracks within warranty and its a manufacturing defect then it could have happened while you owned the frame and therefore the replacement is reasonable.

if the new owner crashes the bike then its most likely going to be apparent that it was crashed due to other damage on the frame.

 

you the original owner will know the condition of the bike and if you're smart, have retained photo's of the frame/bike at time of sale  so that you can check for crash damage etc if the new owner comes running to you to claim warranty.

 

Warranties are so tightly defind these days that its nearly impossible to get a new frame/bike out of the company . In most cases, your insurance  is the best option.

 

 

PS: I have sold two frames in the past where I arrange for warranty transfer with my LBS and the new owner. In one case it was needed and they replaced the frame to me no problem.

 

This is not unheard of

 

[Evan Andreou]

12k for my dura ace Cannondale last

[Justin]

400 smackaroos for a bike for my wife! She wanted to see if she liked cycling, so, entry level was par for the course.