Advice needed on selling custom made Hongfu bike

[Rob Samuel]

Hi guys,

I'm looking for a bit of advice. In 2014 I began getting into triathlons and ended up splurging £1100 on ebay for a custom made bike. It's a Hongfu with Di2 carbon fibre frame, forks, handlebars and rims and ways in at 7kg. I have had the wheels rebuilt since then and serviced.

Other parts are -

Campagnolo Centaur Carbon Groupset (2012)
Campagnolo Record Carbon Seatpost
Prologo Zero II Pas Nack Saddle with Carbon Rails

I just wondered what people thought a reasonable asking price would be? A bike with this spec in the shops would be £2500 - but I'm not sure if that counts for much! Is £800 realistic?

Thanks for the help,

Rob

 

[Tommy2]

I think if you paid £1100 for it then depending how many miles it's done £800 seems reasonable.
Put some pics up.

 

[vickster]

I think you'd be lucky to get that for a Chinese framed bike but see how you get on. Can get a good frenzy on eBay or zero interest!

 

[mickle]

I sell a used bikes for a living. As a vague guideline maximum of what the right buyer might pay for a used bike:

75% of its original retail price multiplied by a condition rating with 0.0 being scrap and 1.0 being immaculate as new condition.

So a £1100 bike in 7/10 condition gives a selling price of £577.50

Price it lower to sell it quicker. Price it higher if you're prepared to wait for the right buyer to come along. But you might be waiting a long time...

 

[lutonloony]

I sell a used bikes for a living. As a vague guideline maximum of what the right buyer might pay for a used bike:

75% of its original retail price multiplied by a condition rating with 0.0 being scrap and 0.1 being immaculate as new condition.

So a £1100 bike in 7/10 condition gives a selling price of £577.50

Price it lower to sell it quicker. Price it higher if you're prepared to wait for the right buyer to come along. But you might be waiting a long time...

Guessing you meant 1.0 as immaculate, but an interesting calculation

 

[mickle]

Guessing you meant 1.0 as immaculate, but an interesting calculation

Doh yes.

 

[Rob Samuel]

Cool - thanks for your response. Yes I was thinking that I might have to lower the price a bit - although I was wanting to try and sell it on spec, rather than my buying price - as the spec is still pretty damn good for an £800 bike, let alone a £600 one.

 

[mickle]

Bang it up on ebay with a Buy It Now price that represents the minimum you're prepared to accept for it plus a margin for bargaining.

Write a long and clear description and use your full allocation of 12 good quality images to show it in its best light.

Unless you live in London offer postage or risk putting off anyone outside of reasonable driving distance.

And then either leave it at that price and wait patiently - or drop it incrementally over a period of time - until someone bites.

Share it about, and ask your F&F to share it about, on soc.med. to maximise the listing's exposure.

 

[mickle]

I'll be expecting a cut mind you, for all this great advice.

 

[Rob Samuel]

I'll be expecting a cut mind you, for all this great advice.

No probs - I'll sharpen my scissors!

 

[Rob Samuel]

I think if you paid £1100 for it then depending how many miles it's done £800 seems reasonable.
Put some pics up.

Probably need to get some better pics - this is what I have taken so far - the urban backdrop probably doesn't help!

 

[goody]

You'll probably get more splitting it. It looks like a very large frame which limits the market. Any pictures you take need to be a bit better than those above, nice clean background clean the bike thoroughly close ups of any wear or damage. If you sell it through ebay listing fees and final fee knocks quite a bit off your final amount. There are so many bargains on new bikes out there it's hard to get a good price for a used one.

 

[ufkacbln]

Doh yes.

...............Just as I was going to buy an immaculate bike off you!

 

[Rob Samuel]

As an update - I ended up selling it on a large buy/sell/swop bikes group on facebook for £750 - quite convenient in the end.