Bike depreciation in the first 12 months

[DaffyDuck19]

Hi all

I have been cycling for only about 12 months and am considering selling my bike and treating myself to something else, but I have no idea as to how much a road bike would depreciate year on year.

Someone has already made me an offer on it and am thinking its on the low side.

It cost me £1k 12 months ago, a full carbon road bike, solid well known make with excellent reputation in mint condition.

I'm not going to name or list it as I'm looking for advice and don't want to risk breaking any rules and getting my posted deleted.

I have been offered 60% of its original value, which I thought seems harsh as I thought it would hold a little more of its value in first 12 months.

Any guidance will be much appreciated.

Thanks in advance

DD19

 

[Kies]

I was going to say 60% before i finished reading your post. I have a well reviewed £1k aluminium bike and would be pleased with £600 for my next purchase. If you want more (possibly) , sell it in April next year - all the newbies will want it

 

[DaffyDuck19]

Thanks Kies

Having no reference point it useful to hear other opinions. Sounds like a reasonable offer then.

Appreciate the reply.

 

[biggs682]

thats a huge chunk of £'s , but i suppose thats why i bought 2nd hand

 

[RWright]

Depends on what kind of deal you got on it when you bought it.

 

[Boris Bajic]

DD19, if it is a well made bike with an excellent reputation, is there a better route to improvement than sale and replacement?

The trick with enjoying bicycles is to have a frame that you like and that likes you. You will know if your frame fits these criteria.

If you have that and you want to upgrade, then there is a lot to be said for doing so as parts wera out.

Wheels take a long time to wear out, but for the first-year loss added to your (unknown) upgrade cost of a new bike, you could buy some pretty decent ones.

The same old frame on new, better, lighter wheels will feel pretty radically different in some situations.

Bicycles are becoming more like white goods in some respects and the bike market already resembles a lower-volume version of the car market. It's all about disposable goods, obsolescence and upgrades... but there is still a lot you can do without throwing the whole thing away.

Do think about upgrading your bike p[art by part. It is fun, it spreads the cost and you end up with the bike you want, not the one you saw in the catalogue.

Have fun whatever you decide to do!

 

[User6179]

Would depend if you paid list price or got it at a discount when you bought it but 60% seems fair to me .

 

[User6179]

DD19, if it is a well made bike with an excellent reputation, is there a better route to improvement than sale and replacement?

The trick with enjoying bicycles is to have a frame that you like and that likes you. You will know if your frame fits these criteria.

If you have that and you want to upgrade, then there is a lot to be said for doing so as parts wera out.

Wheels take a long time to wear out, but for the first-year loss added to your (unknown) upgrade cost of a new bike, you could buy some pretty decent ones.

The same old frame on new, better, lighter wheels will feel pretty radically different in some situations.

Bicycles are becoming more like white goods in some respects and the bike market already resembles a lower-volume version of the car market. It's all about disposable goods, obsolescence and upgrades... but there is still a lot you can do without throwing the whole thing away.

Do think about upgrading your bike p[art by part. It is fun, it spreads the cost and you end up with the bike you want, not the one you saw in the catalogue.

Have fun whatever you decide to do!

I would say do the opposite especially if your a high mileage cyclist, would be cheaper to sell your bike every year or two and buy the same model new than to buy new parts such as the rip-off prices of parts now.

Not counting consumables( tyres, brake pads, cables, etc ) if I had renewed parts on my bike like for like it would have cost me about a grand after two years on top of a bike that cost me £1600 where I could of sold the bike for a £1000 and put £600 towards a new one and had a brand new bike again, I downgraded to cheaper parts instead.

 

[zizou]

60% is in the ballpark of what to expect (assuming the bike is still £1000 and not available discounted elsewhere)

You might get lucky on ebay and get some more...the other side of this is that ebay fees and postage will quickly eat into much of the difference.

 

[HLaB]

I've no experience of the 2nd hand market but the figure I've heard is 50% almost immediately after you've bought it and subsequently 10% per annum, based on that 60% doesn't sound far off but I suppose its the same with cars, etc if there's a market there you may get more on a private sale.

 

[DaffyDuck19]

Thanks everyone for the feedback.

The bike was £1k full price and is still being sold at the same price.

I bought the bike on the bike to work scheme so obviously real price to me was less.

I considered upgrading but I want to go from a double to a triple which I know is expensive. I have worked through some maths and figured I could get the same bike with the triple on another bike to work and pay nothing if selling the bike around the £700 mark, where as an upgrade from a Tiagra double to a Tiagra triple is going to set me back say £300 or more.

Just been looking on ebay at previous sold items for the same frame and similar spec and most seem to be around the 30% if 12 months old, and around 50% at 2yrs.

So upgrading costs more and I have a 12 month old bike.

Or same frame with set up I am looking for new with potentially for little or no cost.

Seems a no brainer.

Cheers again

DD19

 

[jowwy]

Thanks everyone for the feedback.

The bike was £1k full price and is still being sold at the same price.

I bought the bike on the bike to work scheme so obviously real price to me was less.

I considered upgrading but I want to go from a double to a triple which I know is expensive. I have worked through some maths and figured I could get the same bike with the triple on another bike to work and pay nothing if selling the bike around the £700 mark, where as an upgrade from a Tiagra double to a Tiagra triple is going to set me back say £300 or more.

Just been looking on ebay at previous sold items for the same frame and similar spec and most seem to be around the 30% if 12 months old, and around 50% at 2yrs.

So upgrading costs more and I have a 12 month old bike.

Or same frame with set up I am looking for new with potentially for little or no cost.

Seems a no brainer.

Cheers again

DD19

if you bought it on bike to work scheme, it only cost you approx £700 not the 1k your quoting. Also hmrc will tell you that after one year the bike is worth 20% of its original value

so being offered 60% which is £600, means you've only lost approx £100 on a bike that you have owned for 1yr.........seems good to me

 

[michaelcycle]

Depends on the bike really. Some hold their value a bit better than others (not especially because they are superior bikes but because they are better known and therefore more people are likely to be in the market for them, especially at a lower price point.) I reckon 30 - 40% could certainly be achievable.

Having said that I do find it puzzling that the principal (only?) reason who want to change bikes is to move from a double to a triple. If it a compact double you could get a similar range if gears by swapping out the cassette (within reason that is) cheaply without the faffing around of selling and then buying a new bike.

 

[BSRU]

Thanks everyone for the feedback.

The bike was £1k full price and is still being sold at the same price.

I bought the bike on the bike to work scheme so obviously real price to me was less.

I considered upgrading but I want to go from a double to a triple which I know is expensive. I have worked through some maths and figured I could get the same bike with the triple on another bike to work and pay nothing if selling the bike around the £700 mark, where as an upgrade from a Tiagra double to a Tiagra triple is going to set me back say £300 or more.

Just been looking on ebay at previous sold items for the same frame and similar spec and most seem to be around the 30% if 12 months old, and around 50% at 2yrs.

So upgrading costs more and I have a 12 month old bike.

Or same frame with set up I am looking for new with potentially for little or no cost.

Seems a no brainer.

Cheers again

DD19

I upgraded my bike from a double to a triple, Tiagra, and it cost maybe £140, all you need is a left hand lever, new chainset, front changer, some spacers and time.

 

[goody]

Not sure I'd call going from a double to a triple an upgrade.