Used bicycles do not come with predetermined prices like new bicycles. The price of the same bike in the same condition can differ by hundreds of dollars between two sellers. Determining the price of a used bicycle comes through comparison, negotiation or both. No price is ever set in stone, but some sellers will not budge on the price they ask for a used bicycle. Determining the price is an inexact science that sometimes seems illogical.
Step 1
Focus on the specific bike brands and models you want to buy. You have to be somewhat flexible because your first choice might not be available.
Step 2
Decide on a price range that is acceptable to you, and one you can afford.
Step 3
Scour the Internet, as well as specialized newspaper and daily newspaper classified ads to get an idea of what sellers are asking for the specific models you have in mind. According to Harris Cyclery, looking up prices of similar used bikes on the Internet can give you a general idea of value.
Step 4
Examine the bicycle, and look for imperfections and mechanical defects. Recognize cosmetic and mechanical issues that will take time and parts to repair, and factor that into the final price, according to BikeWebSite. Ride the bicycle to ensure it feels right, and that it works properly.
Step 5
Negotiate with the buyer or seller to get in the price range you are comfortable with. This process sometimes can take days.
Tips and Warnings
- Ask the seller for a warranty or return period.
- Buying a used bike with mechanical flaws can lead to injury.
Things You'll Need
- Internet Access
Member Comments