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[Closed] How Much Is a Bike worth that has only covered 12 miles?

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[#6356584]

I have a Trek 6500d I bought new last year and for various reasons I have only ridden it 12.3 miles along the canal.
I'm considering selling it as I'm building a new Chameleon and the money could go towards parts for this. Also it would free up some space in the garage.
So how much should I be asking? It cost me £1000 and really is as new.

Thanks

Andy


 
Posted : 22/07/2014 10:07 am
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£600. Maybe more if it's a sought after bike that is out of stock.

12 miles could be 200. Bike has been used.


 
Posted : 22/07/2014 10:09 am
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Fair enough. I'm not trying to be greedy I just never have a clue when it comes to pricing second hand stuff

Andy


 
Posted : 22/07/2014 10:10 am
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No matter how many miles it done, it's 2nd hand & has no warranty.. the normal opinion is 50% of new, though I suggest you could try for up to 75% but don't be surprised if you struggle to get interest.
Search ebay completed listing for the same bike and go from there, would really be the best advise (If selling off ebay, factor in the fee's you'd have had to pay to ebay/paypal in your listing)


 
Posted : 22/07/2014 10:12 am
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Somewhere between 50% and 75% I'd of thought. It may be nearly new but it has been used, and is last years model now too.


 
Posted : 22/07/2014 10:21 am
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I reckon on 33% of as used and then 10% per year

Given yours is in perfect nick you may get more but it is IMHO unlikely

5


 
Posted : 22/07/2014 10:22 am
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I'm not expecting to get anywhere near what I paid for it. Obviously Its used with no warranty and the price must reflect this.
I think I'm looking at it more from the point of view of is it worth selling or should I keep it. If say for instance it was only worth £200 I would keep it. I would hate to sell it and barely even be able to afford a reverb seat post for the new build. I may as well keep it and use it for winter commuting to save wear and tare on my other bikes.

I had a quick look on eBay and a slightly lower spec model that had seen a lot more used sold for £400


 
Posted : 22/07/2014 10:24 am
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the problem you have is the likes of Pauls Cycles (and the internet big boys) will be doing last years bikes for up to 50% off RRP, so your bike would have limited appeal when people can find something similar 'new' for the same/less money.

I'd chance your luck at £700, and be prepared to accept £500ish if you really wnt rid of it.

..and this is why many cyclists have a shed full of bikes, 'cos they're worth naff-all second hand.


 
Posted : 22/07/2014 10:35 am
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Is it worth stripping and selling the bits individually on a bike like this? I guess if it had been used more then yes but as its as new my gut feeling is that its worth more whole.
I could use a few bits including the forks to upgrade my wife's bike but I'm not sure its worth the hassle


 
Posted : 22/07/2014 10:45 am
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It's a chance your arm and hope for the best job. It's a dull but honest bike - more likely to appeal to a non cyclist thinking about getting fitter than someone already doing the sport. Now's the time to sell it though, mid summer with the tour on telly.

I bought a very similar £1K rrp bike for a friend a year or so ago on ebay - done pretty much the same milage but sat in the shed a couple of years more.....£235 I seem to remember but it was in the autumn and the auction finished on a mid morning weekday.


 
Posted : 22/07/2014 10:52 am
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Its easy to find what people will pay for something, search on Ebay, click Sold and there you go...

http://www.ebay.co.uk/itm/Trek-6500-D-Disc-Mountain-Bike-Hard-Tail-2012-47cm-18-5-Hydraulic-Brakes-/221452113184?pt=UK_Bikes_GL&hash=item338f931520


 
Posted : 22/07/2014 10:58 am
 dazh
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...as much as someone else is willing to pay for it. Put it on ebay with no reserve and you will have your answer. Sorry not very helpful but the number of times I hear people saying 'I'm not selling for x, it's worth at least y...' which is a bit silly really.


 
Posted : 22/07/2014 11:32 am
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I didn't realise you could search ebay's sold auctions. I googled the bike model and looked on a few old ebay listing but nothing I found really reflected mine. That one on the link above is closer than anything I found.

As mentioned I'm not expecting to get anywhere near my money back and am not trying to be greedy by saying its worth X. It worth what its worth and without being unrealistic I would like to get as much as possible for it to put towards my new build. If the general consensus was that its worth £600 I would try and sell it but if it was £200 I would keep it and use it for winter commuting.


 
Posted : 22/07/2014 11:41 am
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Is it worth stripping and selling the bits individually on a bike like this?

uusally only worth it with a bike with desireable bits people are looking to upgrade to, which (no offence) isnt on a stock 6500.

A massive +1 for Freeagent, old-stock discounters like Pauls destroy second hand values of bikes sold at rrp. The last 3 new bikes I bought (2 FS MTBs from Pauls, a road bike from CRC) were old-stock and 45-50% off rrp.

Trek try to limit this buy effectively banning mail order - I think you have to collect from store if you order online - in an attempt to protect prices and their dealers.

Ebay [i]is[/i] your best bet as it seems to be populated with buyers who assume if its on ebay its a bargain- you routinely see stuff selling there for as much as it can be bought for new if you know where to look. Which most STWers do.


 
Posted : 22/07/2014 11:41 am
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I have bought similar bikes off here at c 50-60% rrp, usually have a few extras thrown in too like spare tyres, tubes, mudguards etc.

Good deals for me, in fact if any sellers are reading this, they are being well used & much appreciated.


 
Posted : 22/07/2014 11:46 am
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I don't expect it to add value but I did change the bars for Raceface Deus ones in matching orange. I still have the originals so I will include them if I sell it or change them back if required.


 
Posted : 22/07/2014 12:08 pm
 br
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[i]A massive +1 for Freeagent, old-stock discounters like Pauls destroy second hand values of bikes sold at rrp. The last 3 new bikes I bought (2 FS MTBs from Pauls, a road bike from CRC) were old-stock and 45-50% off rrp.

[/i]

No, the likes of Pauls don't 'destroy s/h values', they just sell bikes that wholesalers/manufacturers want to clear out of their warehouses...


 
Posted : 22/07/2014 12:45 pm
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as a buyer of 3 such bikes and someone who posts Pauls links in pretty much every "which bike for £XXX?" thread I have no issue with them, but clearly the unintended consequence is that anyone who pays rrp (the OP for one, apparently) can't expect to get 50-75% of that back on re-sale. Not sure how you can disagree with that point, or you just feeling contrary today, is it the heat?


 
Posted : 22/07/2014 2:15 pm
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Iv just picked up a boardman team HT 650b that is 2mth old only been used once cost the bloke just under £900 for £500 bike was very clean I could have knocked him down a little but was happy to pay his aking price..


 
Posted : 22/07/2014 3:14 pm
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I paid £800 for my Fuel ex which would have been £1300 new (62% of RRP). It had been riden once. And i saw it before I paid.

It was an XL in year that seemed short of XL bikes. The same model was selling for £1100 the day I bought mine. But not in my size


 
Posted : 22/07/2014 4:15 pm
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If you want the top [I]achievable[/I] price and you're not keen on splitting it up, I'd pop it up on Fleabay, set a reserve at ~£475 (perhaps a shade below what you want), and put a "buy it now" of £625; a little over the odds but factor the cost of paypal, postage, etc...

If it only goes for that reserve of £475 you've done OK, odds are it will get bid up a bit ideally over £500, if you are very lucky then a proper mug goes on there and simply has to have it, clicks buy it now, then you get that £625, but I'd not expect that TBH, its simply serves as a guide to the upper end value of the thing and bidders will set their bids accordingly...


 
Posted : 22/07/2014 4:17 pm
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Its pretty crap these days selling stuff secondhand.You dont get alot but Hay Ho thats life.


 
Posted : 22/07/2014 8:29 pm
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Botty burps from cows isn't the problem, as they pass wind from their mouth much more.

At school in the 1970's we were taught to skin, sort out giblets and fillet fish. Not sure this would be allowed nowadays.

But if your looking for a new to you bike then its good news Who needs the cycle to work scheme when ebay is full of Spec' siruis that have done a couple of rides going cheap as chips..


 
Posted : 22/07/2014 8:48 pm
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@ampthill - WTF? 😆


 
Posted : 22/07/2014 8:56 pm
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@ampthill - WTF?

I assume he has quoted something about bike prices in the [url= http://singletrackworld.com/forum/topic/what-do-meat-eaters-think/page/3 ]meat[/url] thread.


 
Posted : 22/07/2014 9:05 pm
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He hasn't posted anything on that thread. Maybe he just wanted to copy that bit and paste it into a letter to his mom or something


 
Posted : 22/07/2014 9:08 pm
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I nearly did a little wee! Thanks ampthill 😀


 
Posted : 22/07/2014 9:12 pm