What would you pay for a 1 year old bike?

kelsen
kelsen Posts: 2,003
edited November 2010 in Commuting chat
So Cycle to Work has come around again in my company. I didn't intend to apply this year but a colleague mentioned in passing that he might be interested in buying my current bike off me for the right price. I'm thinking with the cycle to work saving and money I get from my old bike, I could be riding around in a brand new bike for pennies (well, a few hundred quid).

Given there is no right price for a second-hand bike, I thought I'd try and get an average price based on your feedback. I realise there're a lot of variables like type, brand, components, condition, etc, but a rough estimate would still be helpful.

This is what I have: Specialized Tricross 2010 used for a regular commute but in pretty good condition.

Comments

  • tailwindhome
    tailwindhome Posts: 19,355
    Do an Ebay search on COMPLETED listings
    “New York has the haircuts, London has the trousers, but Belfast has the reason!
  • asprilla
    asprilla Posts: 8,440
    Depends on the bike, but generally around than 50% or below.

    I bought my 1yo Ribble for £450 (build price £900) and I bought my 1yo Cervelo S1 for £700 (build price of about £2000).

    Hoping the Cervelo doesn't drop too much more since they have stopped making if for 2011...
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  • chunkytfg
    chunkytfg Posts: 358
    HMRC say 25% of RRP regardless of what it is!! And they are the govt so they MUST be right :roll:

    :lol:
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  • kelsen
    kelsen Posts: 2,003
    chunkytfg wrote:
    HMRC say 25% of RRP regardless of what it is!! And they are the govt so they MUST be right :roll:

    :lol:

    Good point! :lol:
  • magoo289
    magoo289 Posts: 223
    Depends but not more than 50%.

    Although see this article from the Guardian http://www.guardian.co.uk/money/2010/no ... ax-benefit

    I'll not be happy if my employer is looking for 25% after signing a contract for 5%!
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  • mcj78
    mcj78 Posts: 634
    TailWindHome wrote:
    Do an Ebay search on COMPLETED listings

    +1 - second hand prices can vary greatly depending on demand for particular brands/models/colours, checking ebays completed listings for your particular model will give you the best idea of what it's worth!
    J
    Moda Issimo
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  • hatbeard
    hatbeard Posts: 1,087
    I bought mine brand new a month ago for £670 if that helps at all.
    Hat + Beard
  • Mr Plum
    Mr Plum Posts: 1,097
    mcj78 wrote:
    TailWindHome wrote:
    Do an Ebay search on COMPLETED listings

    +1 - second hand prices can vary greatly depending on demand for particular brands/models/colours, checking ebays completed listings for your particular model will give you the best idea of what it's worth!
    J

    When I was looking into buying my Tricross I saw identical bikes go for about £200 difference in price due to location and an unwillingness to ship...

    If he's a mate then sort him out with a deal, if not then hike the price up :P
    FCN 2 to 8
  • Mr Plum
    Mr Plum Posts: 1,097
    hatbeard wrote:
    I bought mine brand new a month ago for £670 if that helps at all.

    Sport?
    FCN 2 to 8
  • spen666
    spen666 Posts: 17,709
    magoo289 wrote:
    Depends but not more than 50%.

    Although see this article from the Guardian http://www.guardian.co.uk/money/2010/no ... ax-benefit

    I'll not be happy if my employer is looking for 25% after signing a contract for 5%!

    if you signed a contract for 5%- then be very worried because it is not a valid C2W scheme and NOT therefore eligible for the tax saving andd the tax man can come after you for all the tax saved.


    Be careful what you are saying
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  • hatbeard
    hatbeard Posts: 1,087
    edited November 2010
    Mr Plum wrote:
    hatbeard wrote:
    I bought mine brand new a month ago for £670 if that helps at all.

    Sport?

    yep.

    edit: I price matched it off the web at Evans (who do our C2W scheme)

    this isn't where I pricematched but it's a good example that there's some pretty good savings on them if you hunt around as they're end of season stock clearance now
    Hat + Beard
  • kelsen
    kelsen Posts: 2,003
    hatbeard wrote:
    Mr Plum wrote:
    hatbeard wrote:
    I bought mine brand new a month ago for £670 if that helps at all.

    Sport?

    yep.

    Good price! The version I've got with the lower spec 2300 groupset cost £700 a year ago.
  • Mr Plum
    Mr Plum Posts: 1,097
    Yeah I got my Sport for £680 just over a month ago. The link in the OP is to a standard Tripple though so I was a tad confused... great prices on 2010 Specialized bikes at the moment.
    FCN 2 to 8
  • hatbeard
    hatbeard Posts: 1,087
    Mr Plum wrote:
    The link in the OP is to a standard Tripple though

    whoops missed that, will teach me to speed read threads I guess :oops:
    Hat + Beard

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