Lov2Ride,
Don't you wish they had the equivalent of a Kelly Blue Book for used bicycles? I recently bought a used bike that I'd found in a craigslist ad, and I determined the price by:
1. Finding out how much the bike would have cost brand new.
2. Looking for the same year bike in other ads to get an idea of the going rate.
3. Seeing the bike in person to determine if it was the bike for me and to get an idea of the condition of the components and frame.
4. Finding out how many other people are interested in the bike.
If the bike is for you, there aren't any others like it in the area, and others are interested, I'd be willing to pay close to asking price. (Yah, I'll never win any awards for negotiating!
) OTOH, if they don't accept your offer, you can always offer them more!! So, hmmm, maybe I'd offer them $1500 if the bike is in as good of condition as advertised and it fits you.
Also, keep in mind that you may have to replace a few things on the bike, so budget accordingly:
- how are the brake and derailleur cables? New? Old & frayed? In need of adjustment?
- do the tires need to be replaced?
- does the bike fit you, or are you going to have to take it in to get fitted and buy a new stem, etc.
- do you get along with the seat, or do you need to buy a better one for the bike?
- does the bike come with pedals or do you need to provide your own?
- how do you like the handlebars? Are they the right width for you? Can you reach the brake levers with your hands in the drops or on the hoods?
Hope this helps and happy shopping! I'm looking forward to seeing how your test ride goes!
- Melissa
I'll get back on the bike soon, I promise!