If you really want you bike to sell, price it well! When deciding on a price for your bike, take into consideration the price you paid for the bicycle, its current condition (age, required maintenance, etc.) and most importantly how motivated you are to sell the bike.
Here are some suggested pricing guidelines to help you
Age & Condition
- 1-3 years old: 50-25% off original price
- 4-7 years old: 70-30% off original price
- 8+ years old: 60% + off original price
Please keep in mind that vintage or collector’s bicycles follow a different pricing structure. When selling department store or big box store bikes, consider pricing them at $50 or less.
Answering the following questions will also help determine the value of your bicycle:
- When was the last time the bike had a tune up?
- Are there any parts that have been replaced with higher quality or newer components?
- Are there any components that will need to be replaced soon (i.e. tires, then you may want to take off an addition $50)?
Motivation To Sell
At the end of the day, the biggest question you need to answer is: how motivated am I to sell this bike? Are you highly motivated or might you want to take it home if it doesn’t sell? Consider this when pricing your bicycle.