There's plenty of options for selling your used bike. Some require more or less work than others, and some provide more value for your bike and your time. Let's look at the top 5 ways you can sell your used bike.
1. Sell with The Pro's Closet
The Pro's Closet operates the internet’s largest used bicycle marketplace. Whether you want to Sell outright or Trade In a bike toward a new purchase on our website, our online Sell/Trade process is designed specifically to help you get money for bikes quickly and easily.
If your used bike has an original retail price of $1,500.00 or more, we're interested in buying it. There's no need for you to struggle with listing your own bike.
Simply follow the instructions on our Sell/Trade page to submit your bike and you will receive a response with an offer for the value of your bike within 1 business day.
2. Sell Your Bike To A Pawn or Used Sporting Goods Shop
If you're lucky there might be a used sporting goods shop near you that'll buy used bikes. Many modern bike shops don't bother with buying and selling used bikes anymore. Otherwise, one of the quickest ways to turn your used bike into cash is to find a local pawnshop. The old-fashioned, if inelegant, way to turn most items into quick cash. If you're lucky, you may have a shop nearby that specializes in buying, selling, and consigning used sporting equipment.
The advantage here is being able to sell locally and having the convenience of completing a transaction the same day you decide to walk in. The major concern, however, is getting maximum value for your bike. Many shops may lack the expertise to understand what your bike is really worth, or their business model makes them unable or unwilling to give you the amount you want.
3. Sell Your Bike On Craigslist, Facebook, or Local Online Marketplace
Online classifieds give you a free platform to list your bike. Just upload some photos and write a description. Once again, getting maximum value for your bike is the greatest concern here. The people who browse online marketplaces are diverse and can range from experts to enthusiasts, to complete knobs. These places are ripe for negotiation, something many people find exhausting. If your bike is of any decent value expect low-ball offers and aggressive hagglers.
When selling online, must also always be wary of scammers who spam sellers with bogus offers. The most important thing when dealing with and meeting Internet strangers is to make sure transactions are safe and secure. Many police stations now offer special areas for such transactions to occur.
Your ad also has to fight for attention, as it continuously gets bumped down by newer ads. If someone isn't searching for exactly what you're selling, they may never see it. If you're up for the work and personal interaction it takes, then it may be the way to go.
4. Sell Your Bike On A Bike Forum or Website
The internet is rife with bike nerds, and places like online forums are where they gather. There are forums dedicated to every cycling discipline imaginable, from specific ideologies to brands, and interests. Many cycling focused sites have specific buy and sell forums, which you can think of as a slightly more educated version of your local online marketplace. Still, visibility can be hit or miss depending on the site or bike, and you may run into similar issues with low-ballers, potential scammers, or lack of views.
Remember, if your bike doesn't sell locally, you'll have to pack and ship your bike. This costs money (sometimes a lot!), and if you don't have the materials or experience, it can be difficult. Here is an excellent post on How to Pack & Ship a Bicycle which can help. Selling your used bike on a forum can be a bit of extra work, but it can definitely help when you want to sell to a more specific type of buyer that you might not be able to find locally.
5. Sell Your Bike On eBay
eBay allows you to reach a pool of buyers that spans the globe. You have to deal with shipping and eBay fees, but in exchange, you get good visibility and a better chance that your bike sells.
A small hurdle involves developing a reputation through positive feedback. Often, buyers are more inclined to purchase from trusted sellers with good ratings. This isn't to say that you can't sell with poor or few ratings, but if you don't sell often or you're selling for the first time, there's a chance that you could be missing out on some buyers willing to spend a little more for confidence and security.
eBay is also a popular option for the “part out”. Many enthusiasts will go in search of specific parts and the search and filtering functions make finding those parts easier. If you're having trouble selling your used bike as a whole, or you want to try and maximize your return by splitting your bike into its component parts. With eBay's global marketplace, you can likely find that one (or hopefully more) buyers looking for what you're selling.