Here is a question we encounter daily: "How much money can I get for my used bicycle?" People ask because we are experts, and of course, we appraise hundreds of bikes every week.
So how does it work? Let's walk through a few ways you can determine the value of your used bike.
Unfortunately, there isn't a simple formula to determine the value of a used bike. Depending on the brand, year, model, and amount of wear, a used bike could be worth less than half of its original retail price, or it could fetch up to 75% of MSRP.
One thing we do know is that depreciation is often exponential during the first three years. After that, bikes tend to depreciate more gradually.
Many people sell used bikes on eBay. Sometimes, you can find a model that is similar to yours to get a sense of what a competitive asking price would be. You can use the website Checkaflip to search active and completed eBay listings for average listing prices and average sale prices.
However, eBay listings will only tell you so much about your own bike's value. After all, most people upgrade their bikes with nicer wheels, carbon handlebars, or even an entirely new drivetrain.
For this reason, The Pro's Closet has our pre-owned bike advisors ready to help you determine your bike's worth.
To tap the knowledge of our bike experts, all you need to do is submit a Sell // Trade request. Note: We only buy bikes that had an original MSRP of $1,500 or greater.
The process is simple. Log in or create a new account with The Pro's Closet, enter your bike's brand, model, year, and condition. We also need photos of the bike's drive side and non-drive side. Our team then will appraise your bike using our 15-year-old database of sold listings. Within 24 hours, we email you our custom offer for your bike.
When you use The Pro's Closet to sell your pre-owned bicycle, you'll get the most value out of your bicycle with the least amount of hassle.
For more information, visit our Sell Your Bike page.Click To Sell