Well, maybe not zero chance, GMAN. I appreciate your sentiments - that it's great to help out somebody who needs a bike. My first "real" bike was a 1998
Cervelo Eyre Tri that I bought on eBay in 2004 for $800. In 2011 I upgraded to a new Speed Concept 7.0. I posted the Cervelo on eBay and it sold for $800. (I felt bad getting that much for it, so after I saw the winning bid price I threw in an extra wheel set and a bunch of tires because it was 650c and I wasn't going to need them anymore.) I'm careful with eBay postings, cleaning things up really well, taking lots of really good pictures, etc., but it's totally possible to sell a used bike for decent money if you show it well.
The GMAN wrote:
Justicebeaver wrote:
You could get $1000 for it no problem. Anyone who thinks that is "next to nothing" has more money than they know what to do with. I say I say I wonder what all the poor chickens are doing this winter. Lot's of people would rather spend less and have an awesome older bike than sell a kidney for an equivalent new bike.
If you have the patience to wait for the right buyer on Craigslist you can get $1000-$1400 (40% of new is normal). That's a big deposit on a pretty great new bike. (the disclaimer is that if you don't live in a major metro area you'll never find the buyer on CL and need to look at Ebay)
Zero chance he can get $1000 for 10+ year old bike that was $4000 at retail. If he did, buyer is a total moron. I’m sure it’s a lovely bike but the value just isn’t there. Look at Bicycle Blue Book. In my opinion their values are far too high and the realistic value is down in the fair to good range at maybe 75-80% of those ranges. One will never see Excellent or Very Good no matter the condition of the bike. Fair to Good is in the $600-$850 range. Drop 20% off that because of BBB inherently running too high and you’re at $480-$680. So let’s say $500 plus finding that exact buyer who is willing to buy an 11 year old bike. I’d just as soon give it away than go through the hassle of trying to sell an 11 year old bike for 10% value. But that’s me.