Selling a USED Bike...
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- Опубліковано 4 лип 2024
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I think it sold fast because you were realistic on the price. So many people, especially those who purchased during covid, are asking crazy amounts.
Yes exactly. On marketplace in the Laurentians Quebec area where I live you can find great deals but also a dozen of "stagnant" ads for used bikes at or over retail...
This right here. Looking at the used bike market and many are asking for close to, if not new bike prices because they're trying to recover the Covid premium they paid!
@@jumanjifaried4004I see you're fluent in yappanese
@@jumanjifaried4004 huh? What an unhinged response. You should perhaps seek professional help if every time you see something about the dreaded ‘c word’, you totally lose your mind.
@@jumanjifaried4004 😂 thanks for the laugh
The issue I see is used bikes are close to the new bike price. So who wants to risk buying a used bike with no benefit in price savings?
Agree. Just sold my 2022 Spectral in less than 2 weeks BecUse I listed it for half the price BecUse it is USED.
Yeah I’m seeing higher spec brand new bikes for cheaper than used clapped out 2022 bikes with worse components… so why would I buy that if I could afford the brand new one?
I just sold my 2020 evil offering and I just had to be patient and not price it like it was new. What I found is people think that bikes somehow hold their value and are worth 10-20% less than they paid for it when it should be closer to 40-50% off. I also only do in person which I am lucky to be able to do due to where I live there are a lot of bikers in the state/states.
For grins, I put a Canyon Spectral ON CF8 up for sale, its a 2022, no scuffs.
I advertised it @ 3K less than I paid. Not even a sniff. Not even 1 call.
Its one of the top 5 trailbikes for 2022 or 2023. I decided to keep it and ride the hell out of it.
I just sold my old 2021 Ibis Ripmo, got a little more than I was hoping for and about double with pros closet would've given me for it. Took about 2 months to sell, but I got more than I was hoping to get and the best part is, the guy paid cash.
What a flex bro 😂
Putting that laptop of yr bike for sale underneath the text about atomic magnetometry and polarized probe laser. Classic everyday reading. 😂
It is my every day reading! 😂
I miss seeing videos like this on your channel. Also reviews and demo of other bikes. It’s what got me into mountain biking and moved to BC! Awesome work Nic!
Great tip on the pictures and acknowledgement of any damage. I've had one or two buyers try to squirm out after receiving the bike. Worked out but scared the bejeebus out of me. Way more thorough now.
Really great idea for a video Nic with very sensible advice. The new tire tip especially resonates… new tires really make a bike “pop”.
Selling in spring time is best thats when you see them starting to shift more online the ones that have sat all over winter but also cheaper to buy in winter sometimes
Sold two bikes since August and both sold in two weeks. But they were sub $1500 which is always easier too sell. Loving the sales on new bikes. Really driving down the used market
It probably helps that you are a very open and trustworthy person which anyone watching you videos or knows you will know. Some folk selling used bikes are a bit more questionable, that puts doubt and risk into the buyers mind and therefore they will want a lower price to reflect that risk. Thanks for all your great videos 😊
Some buyers are more questionable, low balling has become a science and some will hammer the price no matter what it is. At least on motorcycles this has become very predominate, Ive had to chase some guys off they pissed me off so much.
"i know what i've got"
yeah ok.. same issue with cars right now. lots of people bought overpriced bikes and cars during covid and havent woken up yet to what theyre actually worth. madness
At this point I just keep my process X and whenever I go in group rides with e-bikes I rent from my local shop. I get a fresh bike and it’s way cheaper then buying a new one every other year .
Thanks for the video Nick 👍 Good idea with the fresh tires.
It was a nightmare to sell my old bike -- that was two years ago. In europe used bikes (in almost perfect condition) will sell for 50-60% of the price (you originally paid for). However, that is still better than to not sell them and waiting. Plus in my mind, I am always glad when there's one less thing to think about.
Yeah I sold a one year old bike in workshop standard for about 40% of what I paid for it
I'm in Ontario and saw an ad for a used Norco fluid FSA1 for $5,000. The bike brand new from Norco is $4,250. Even with tax it's going to be less than $5,000 and when I told him this he basically told me to go fuck myself
Came here for the bike selling advice, stayed for the pupper.
It's crazy how different the BC market is vs the Ontario market. My buddy just picked up a Commencal Clash for a steal of a deal and it would have went for probably double what he paid out here in Ontario.
I've always sold bikes in person only. Having it delivered seems like asking for trouble. I'd rather someone came to look at it, check it over and discuss it face to face. Got to be careful with that though as there are certainly some wrong'uns out there!
I appreciate the advice. I’ve bought a couple entry level hard tails that the owners have just wanted to get rid of on Facebook marketplace. I would do a basic tune up, replace any damaged/worn parts, clean it good, take lots of pictures and disclose any damage and double my investment by pricing it correctly to the market. I did not have either listed for more than the weekend.
I do the same thing, but it's more of a hobby then some kinda substantial money maker. You're right though, the key is finding someone who just wants to get rid of it and doesn't care about $200-300 ... The thing is though, time is money, so when you consider the time you're putting into finding, buying, fixing, cleaning and reselling, it's not really a lotta money. Plus the money you spend on parts, components, lube, etc ... For me personally, I have to net at least $300 and even then, I'm not accounting for time since it's something I enjoy doing.
Helps that the buyer can see you riding the bike in 20 videos.
Further, also helps that Knolly is changing their look next season. Gone are the curvy top tubes. Yours is the last of the classic Knolly front triangle... in orange.
Buying a 2020 yt capra with some upgrades for $1500 in a few hours. Perfect for my brother who is just getting into the sport.
The used market kinda stinks in Waterloo region Ontario. People want what they payed for the bike or they're selling bikes that are 10 years old for way too much.
You put the Can in Canadian! Great video😎👍
I think you sold quick since you had a reasonable price but also a good reputation. Used bike purchases are always a gamble, helps to have confidence in who you’re buying from. I saw the ad and almost messaged!
I think you got a very good price . I see used bikes sitting on FB market place for a while . I tired selling a used 2015 Spartan. I will try again with new tires
Here’s my recent experience. Sold my 2021 Transition Spur (Deore build) for 3300. Purchased in Spring of 2021 for 4500 USD. Listed it on Craiglist and Pinkbike. Sold to a Craigslist buyer in 4 days. Had multiple offers in that time too. Overall, it sold way quicker than expected and at a fair price. I got 2 years of use out of it and the guy was amped to get it. Sold due to bike redundancy (own a Transition Sentinel as well).
Nice plug with the AMO physics in the background :)
one of the biggest issue buying new isnt so much the crazy prices of some people, these are easy to.. ignore. its the hidden defects. I had a guy who made me drive 1h after i told him "if the bike is in the perfect state you describe ill just hand you the money and pick it up".
The bike had a broken axs dropper, a big scratch on the fox factory stanchion low enough in the travel that its a problem - and the rest was just-ok, so nothing in the perfect condition described and the pic avoided showing all this. I spent some time fixing his dropper (FOR FREE) and asked him for a discount (basically what it'd cost me to swap the stanchions), which he refused, then he got angry.
That's the risk with used bikes. You can do the travel and be extra nice and still end up with scammers.
I think the biggest thing is asking a fair price. I just sold my old smuggler for a decent price-approx $500 under pinkbike prices. It sold in 2 days. There are a lot of bikes out there, that are at or just under new bike prices.
The doggo clearly said leave the bar spin setup!
I definitely agree. Used bikes are easy in 2023 because ppl are willing to look used more than ever. But E MTB bikes are much harder to sell because no has a way to exactly see how abused is the battery and motor.
My last frame purchase came back to bite me when trying to sell. Last summer I needed a new frame pretty quick, ordered a GG smash, rode it for 6 months and just wasn’t meshing with it. Have been trying to sell it since. Most recently I listed the frame, shock, BB, crankset, and a couple hangers for $900 and still can’t sell it. GG going under and the bike market declining really killed me. Especially when I paid $3200 originally.
Yeah bike companies going under is not helping. I got a ragley blue pig during the pandemic for 2k new when the retail was i think 2.6k. Barely rode it and still put a bunch of upgrades and new parts and im getting no bites or even offers when listing it for 1800. I was hoping go get an offer for 1600 with that list price but oh well. A lot of the crc brands are on sale for half off so I just cant compete with that.
What size is the Smash, and are you willing to ship to Germany?!
Interesting as im looking to buy a used bike in 2023 haha seen a couple im interested in but I've been away from the bike world for a few years now its not like konas and giant atx ones and twos now like i used to ride im more concerned abiut the name on the bike! Likes Knolly never heard of it so thats something id have to go away and reserch into then hinders the buy if going ahead but does look awesome!
People love fresh grips aswell!
Nice Puppy
Been trying to sell my YT Decoy for MONTHS. Priced very fairly (60% off what I paid). 600 miles on it. Gotten a few bites but everyone has backed out for some reason or another (my favorite is "my wife said no"). At this point I just want to get rid of it. I have a new bike and it's just taking up space. Sucks to have to sell it for so cheap, but mountain biking is still fun enough to make it worth it.
What size and model of decoy?
Yeah I just bought a altitude pp for $6k new Canadian so not spending $7k for anything used.
Lighty used, never dropped, only used to get to church on Sundays.....🤣
Because you are selling a used bike base on the new bike's "discounted" price, which makes a lot of sense. A lot people out there I don't know if they live in the cave so they dont know the bike is on sale at the moment, or they just trying to rip off people. I think they just post it there and hope to the best lol expecting to see your new bike.
- Sean
Its too bad you sold it so fast I wanted to buy it!
I’ve been laughing at so many peoples prices on their used bikes. People who bought high, never paid attention to the market and now have no clue. I’ve informed a few of their redic prices when trying to buy and they just laugh. But I laugh more knowing they won’t be able to sell their bike
I wish everybody selling bikes would watch this video because I've seen bikes that are being sold for more than you can buy them new now because people paid COVID prices and now the prices have hit rock bottom. A 1700 brand new bike being sold for 2000 used in some situations
Same. But ask enough people and inform them what the market is doing someone will bite. Especially those who’ve had a bike listed for half the year.
This has absolutely nothing to do with bikes but the background seemed very interesting( especially the box and all the equipment that it seemed to be wired to ) and looks physics based , so I was wondering, what do you do for a living? As in what side of science do you work in?
I’m an electrical engineer and PhD candidate. I work on magnetic sensors called OPMs for use in biomagnetism.
Wow 96,600 of the asking price someone has just got The bargain of the century. Love the thumbnail Nick Not much Clickbait going. on there😂😂 Plus when buying a used bike don’t pay over the odds like I did I paid 4k For my glory but it was my dream bike so didn’t mind try to haggle if you can
There's 3 Prices for Everything High Med Low 😎 I just bought a DH Bike Got a SMOKING Deal 😁
What payment process did you use? Cash? E-transfer?
E transfer
Please, expound on atomic magnetometry...wtf...🤔😉
High 3000’s is great for a bike at this spec. No wonder it sold within a day.😂
Even if it was someone you knew!
I am stuck with my 2022 Privateer 161 GX, bought it for 6800CAD, including taxes shipping and border shenanigans, posted it for 4500 and I got a total of zero messages 😂 thing is, this bike sells for 4500 new, but people don't take fees into account....I'm in Quebec btw! If anyone wants a sweet p3 Privateer hmu 😂
OK, now for your next tutorial, pls do: "Using MATLAB in 2023."
Step 1 download matlab. Step 2 cry
Did he KNOW the bike was owned by an international superstar when he bought it?
I like your bleach dyed hoodie
New Yt Capra’s are so cheap right now. If you’re looking for really good deals checkout used ones. Inform sellers who are asking way too much. Good time for beginners to get on a capable bike without breaking the bank. Or the younger crowd who can’t afford much
Alright buddy, cough up details on the Canon body/lens...
Canon r6 with the 24-105 f4L
Before selling my used bike for half the price i rather keep it 😮
If you can do that then yes keep it.
@@or-ian6973 i was an idot to buy a new bike
There is a product called shine and protect from peatys. I use that on bikes I wanna sell. Males old crap looking brand new 😂😂😂
I remove as many after market components that are customized to my liking. So water bottle cages, any pedals or grips that have a color that isn't original, things like that. I also replace the grips, tires, brake pads and saddle (if worn out), then give it a deep clean and lube, and make sure it's all tuned up and riding like new. If I'm asking more than $4,000 this is all standard, but it's surprising how many people don't put money into it, then they wonder why it won't sell anywhere close to the asking price. I also wrap my bikes before ever riding them, so in 3-4 years the frame still looks new.
You got lucky 🍀
The truth is that you can not sell a mtb these days, because the second market if DEAD. And newer bikes cost so much! If you put the bike in a bag and take it to the attic, then this would be a better investment than selling it. :D
No buttercups. Unrideable
what's the breed of your doggo?
Corgi