Am (reluctantly) about to sell my Blur LTC, but have no ideas as to what kind of depreciation rate to put on it.
What's the average loss from the original purchase price these days?. The bike's hardly been used and is afew years old.
Anyone any suggestions - hopefully without attempting to set yourselves up for a unnecessarily juicy bargain ! 😉
Personally I wouldn't bother. There's very little (if anything) better out there and you'll get precious little for it. I picked up a brand new frame for £1600 recently. You're prob looking at £900 absolute tops.
divide by 2 for a start.
In my experience, eBaying trade-in MTBs, about 1/3rd of new price even if it's in mint condition. MTBs depreciate a ridiculous amount because everyone wants the latest model.
50% for first year regardless of use.
Then a bit more - look at ebay completed/classified search
From what I have seen the best value holders are Titanium 456s (the Lynksey ones), Cotic Souls and Sodas and Orange 5 frames. Although as a % of original cost I don't think you can beat the older Inbred 26" or 29" models.
not that any of that will help the OP, just discussing the state of the 2nd hand market.
Echo all this. 40-50% discount first year as been my average for selling. You may get a bit mote or less depending on condition/season/gullibility of purchase.
Most bikes ought to not really be like New after 12months.
As above.33% as soon as you hand over your money and 50% as soon as it's touched dirt.They don't seem to lose too much after that.
After 1 year a bike is worth around 55% of its purchase price, then remove 5-10% per year after that....
But you'll ALWAYS get more money if you split and sell as parts.
This is why I don't buy expensive bikes!
I do, just 2nd hand! Agree with the above, 50% in year one, then 10% every year after that.
[i]MTBs depreciate a ridiculous amount because everyone wants the latest model. [/i]
Maybe, but more likely is the cost to bring a s/h MTB back into fully working condition. Fork and shock service (£200), cassette/rings/chain/jockeys (£200), bushing/bearing replacement (£75), headset (min £50) etc.
And like any 'luxury' purchase, if I'm buying one I want a new one. Plus look at other 'luxuries'; watches/jewelery, fashion-clothes - they depreciate by far more.
And rather than sell your Blur, ride it.
I bought an expensive bike about 4 years ago, gets ridden 2-3 times per week and just this year I've already done 3000km - I've got my monies worth 🙂
And split it for the best price.
50% in year one, then 10% every year after that.
I assume you mean 10% of the [b]remaining[/b] value each year otherwise a bike would be worth nothing after 5 years which clearly isn't the case.
Well, yeah. 🙄
MTBs depreciate a ridiculous amount because everyone wants the latest model.
As soon as the bike leaves owner 1 then the warranty is gone. That's worth a lot on some bikes.
As soon as the bike leaves owner 1 then the warranty is gone. That's worth a lot on some bikes.
And sweet FA on lynsk.... others.
There is no rule of thumb, like most things in life so stuff is more desirable than others, therefore it retains its value better.
Look at ebay, or other sold frames & see what they have gone for, and make an informed decision based on that.
Thanks all.
Unfortunately it's pretty much what I anticipated.
Just seems wrong that I can't give such a nice bike the use it deserves anymore, so I think I'll still give it a whirl in a few weeks. Got to be better than having it gather dust in the garage !.
MTBs depreciate a ridiculous amount because everyone wants the latest model
Which is great for those of us happy to ride older bikes.
As opposed to kayaks with hold value ridiculously. Battered boats for 60-70% of full retail.