Used! The most expensive was $2,800.Admittedly, I got a good deal on mine. But why are used bikes priced so high? Supply surely exceeds demand doesn't it?
Should I buy new, flip it as used and make a profit?
Bike depreciation - is there such a thing?
Moderator: mfarnham
Bike depreciation - is there such a thing?
Frustrated with how high used bike prices are I decided to look at a few websites and search for my existing bike to gauge the used bike market. I paid $1,900 for a 2013 Cervelo R3. The cheapest I could find, for a USED 2013 R3 was $2,100. Used! The most expensive was $2,800.
Admittedly, I got a good deal on mine. But why are used bikes priced so high? Supply surely exceeds demand doesn't it?
Should I buy new, flip it as used and make a profit?
Used! The most expensive was $2,800.Admittedly, I got a good deal on mine. But why are used bikes priced so high? Supply surely exceeds demand doesn't it?
Should I buy new, flip it as used and make a profit?
Geoff
Re: Bike depreciation - is there such a thing?
Every bike I've ever tried to sell I've gotten pennies on the dollar for, maybe it's something I do to them.
compete: 1620, from Fr. compéter "be in rivalry with"
Re: Bike depreciation - is there such a thing?
The dollar has a lot to do with it. A 2016 R3 is significantly more expensive than a 2013 R3 while being essentially the same bike.
Re: Bike depreciation - is there such a thing?
Can you send me a PM the next time you sell a bike Roland?
Geoff