Depreciation- Second hand value Creo Sl Expert in 3 years

[Tunc35]

Hi all,

i’m looking into purchasing a creo sl turbo expert which is $12k AUD here in Australia which is not a small amount.
One of the reasons why i am hesitant is the steep depreciation when i try to sell it some time.
So i want to ask you, if you have one of these, what price are you willing to sell when you’re on market.
If you are interested to buy a second hand one, how much would you pay for a 5 year old version of these?
Thanks

 

[Nova Haibike]

Expensive bikes just depreciate. Not much you can do about that. A used e-bike with a lot of battery cycles will be worth less because of the cost of a replacement.

 

[Marci jo]

My humble opinion:
These ebikes are like computers and depreciate quickly, faster than cars (percentage-wise). What would you pay for a 5 year old used computer in relation to its original price? Or a 5 year old smart phone?

When it comes to say good bye to my current ebikes they will be priced to sell. At that point I intend to have many miles and significant use on them. Heck, since I think if them as favorite pets I simply may re-home them to a “good home”.

 

[e-levity]

If you’re looking for a financial investment try teal estate or the stock market.

If you’re looking to enjoy life there are lots of ways to do that, including some that are free . Bikes are not one of the free ones.

 

[J.R.]

A one year old ebike, well maintained with good battery performance is probably worth 50 to 60% of original MSRP. A five year old ebike would be hard to sell without a new battery pack. The profit from buying an ebike is the ride, not the sale.

 

[Deacon Blues]

High end bicycles depreciate like boats depreciate.....fast.
I'm also thinking that an ebike is going to depreciate faster than a regular bike, due to all the extra 'stuff' that can fail when the bike ages.
Just a rough guess, but I think the Creo would be worth around 50% of its original value after 3 years. Maybe 60%, if you're lucky.
As Marci jo mentioned used ebikes are like computers and become much less desirable as newer, more up-to-date equipment and electronics come on the market.

 

[Tunc35]

Hi guys, thanks for the replies. I do have an e bike currently and i am pretty happy with it as it has been with me for 3 years now and everything works perfectly well. So i'm thinking to upgrade to a proper level now ant this is my way of justifying the difference i suppose. My objective isn't certainly to have the bike as an investment tool but trying to compare with a non electric bicycle.
At the end of the day, when you spend same amount of money to a bicycle, you get a very decent one. On top of that, if you look after it, maintain it as it deserves, the mileage you will get is more than an e bike and when you sell it to upgrade or replace it with a newer technology, depreciation seems lower than an e-bike on the same class. So what i'm trying to understand, from those who have one or equivalent to one, or thinking to get one, when making the decision, why wouldn't you go for a high quality bicycle? Is the assistance that significant?

Thanks all

 

[Brendon@OEB]

Hi guys, thanks for the replies. I do have an e bike currently and i am pretty happy with it as it has been with me for 3 years now and everything works perfectly well. So i'm thinking to upgrade to a proper level now ant this is my way of justifying the difference i suppose. My objective isn't certainly to have the bike as an investment tool but trying to compare with a non electric bicycle.
At the end of the day, when you spend same amount of money to a bicycle, you get a very decent one. On top of that, if you look after it, maintain it as it deserves, the mileage you will get is more than an e bike and when you sell it to upgrade or replace it with a newer technology, depreciation seems lower than an e-bike on the same class. So what i'm trying to understand, from those who have one or equivalent to one, or thinking to get one, when making the decision, why wouldn't you go for a high quality bicycle? Is the assistance that significant?

Thanks all

Good original question, I don't think I follow this comment though?

If you look at bikes like the Pinarello Dogma, they depreciate but relatively slowly because the product lifecycle of the current model is typically 2-5 years with a mid lifecycle update (color or small feature). For instance, my race bike, Pinarello Dogma F10 would be about $12,500 new. Now the F10 is the previous generation and about 2 years old. The best finger on the pulse of resale is eBay which is imperfect at best. I sold the complete bike without my race wheels for about $7500 last year.

E-bikes aren't too dissimilar, there's less componentry on it as most have a 1x drivetrain, also folks usually don't abuse them in a racing scenario. Additionally the computer logs how many times the bike has been updated and when components have changed (in the e bike system, not with regard to the bike components). I'd expect the same curve for depreciation if not sooner. The battery is a significant service part and does have a service life. The rest of the bike is pretty simple from a maintenance standpoint.

Personally I don't want someone elses' bike, I want mine and spending thousands, what's another grand or so for something you're going to really enjoy? Everyone has a budget and I respect that, merely sharing my sentiment. I coach my customers to justify it if they want it. If you're worried about the money spent then perhaps we need to rethink what we're looking at so we don't overspend.

Keep in mind, you might like the Creo SL E5, and upgrade the wheels to something carbon. You can save some bucks and still get some quick wheels that give you a great ride.

 

[Ebiker01]

1300-1500$ !! That's why i never bought it and instead invested the money, already made 4x back . But, i did not get to experience it. The feeling ... Patience is the key...New batteries, new lighter motors in 2-3years.
3D metal printing is just starting, nano tech. , and many others..

If is more then 1500$ , Nobody with money buys used stuff !! esp. an used ebike.

 

[Ebiker01]

The best example is with Hi tech. such as IPHONE.
Apple is one of the most valuable comp. and their products are very desirable just like a hi tech item such as Creo.

An Iphone 6S+ with 16GB IS now 150$ new, maybe 125$ lightly used !
From 700$ 5years ago to 150$. 20% value.

Creo -9000$ - 5years from now- 15-1800$ MAX. !
Take a sleep pill , or travel into the future , buy 10of them, and sell them to me.

 

[Ebiker01]

making the decision, why wouldn't you go for a high quality bicycle? Is the assistance that significant?

It's a completely different sport:

-10x more fun
- no recovery days
- no heavy legs
- no training days
- no hard hills
- a lot safer on the road due to the higher speed amongst cars !! This one is very imp. aspect
- a lot fitter , b/c you are never entering an overtraining zone
- keeps your marriage intact , b/c you ride faster and get home sooner( that's prob. the 2nd. most imp. aspect)

- and few other reasons that other members can point out...

But the difference is that regular cycing and ebike cycling are very, very different.
No knee stress , lots of happiness and joy b/c you can go out again and again to many new places.

Can you do that with the analog bike ?? Like literally ride every day 50-60miles with elevation 2-3000ft. with a rack full of whatever you like to carry: snacks, water, tent, clothes, etc... After 3-4 days you will never look at the analog bike for a few weeks !!
Even if it's Electric road bike, is the same. The body is just not a machine...to ride day /day out. Can you ride @25mph for 1 hour by yourself ?
Well; we finally have a machine that is very well integrated with the human body and is called an ebike

Ebikes tend to be bought by people with a higher capacity for intelligence , people who really understand the benefits and never look back. Is okay every now and then to look back and ride the analog bike..:

 

[Tunc35]

It's a completely different sport:

-10x more fun
- no recovery days
- no heavy legs
- no training days
- no hard hills
- a lot safer on the road due to the higher speed amongst cars !! This one is very imp. aspect
- a lot fitter , b/c you are never entering an overtraining zone
- keeps your marriage intact , b/c you ride faster and get home sooner( that's prob. the 2nd. most imp. aspect)

- and few other reasons that other members can point out...

But the difference is that regular cycing and ebike cycling are very, very different.
No knee stress , lots of happiness and joy b/c you can go out again and again to many new places.

Can you do that with the analog bike ?? Like literally ride every day 50-60miles with elevation 2-3000ft. with a rack full of whatever you like to carry: snacks, water, tent, clothes, etc... After 3-4 days you will never look at the analog bike for a few weeks !!
Even if it's Electric road bike, is the same. The body is just not a machine...to ride day /day out. Can you ride @25mph for 1 hour by yourself ?
Well; we finally have a machine that is very well integrated with the human body and is called an ebike

Ebikes tend to be bought by people with a higher capacity for intelligence , people who really understand the benefits and never look back. Is okay every now and then to look back and ride the analog bike..:

That's some impressive Sell Ebiker01! you got me on the keeps marriage intact, should have started with that one

 

[Stefan Mikes]

All good comments. Let me second that with an example, which is the digital photography. The Canon 1D was absurdly expensive from the Mark I. Nobody wants to buy anything than the latest generation of 1D; the investment in such a camera is to take the best quality photos at given time. Once the next Mark is released, the previous camera generation is technologically dead. Moreover, a brand new concept, the "full frame mirrorless" cameras appeared, offering top image quality at far less weight, only using specialised brand new lens. Fancy a photographer selling their DSLR camera arsenal (camera bodies, and all lenses) just to afford buying the new type camera and very few lenses (as these are very expensive and no second-hand market exists yet).

It is the same with e-bikes. Except, selling an old e-bike is very hard. No-one trusts the existing battery is healthy. Nobody trusts the motor longevity.

The profit from buying an ebike is the ride, not the sale.

The best comment of all.

 

[Brendon@OEB]

The best example is with Hi tech. such as IPHONE.
Apple is one of the most valuable comp. and their products are very desirable just like a hi tech item such as Creo.

An Iphone 6S+ with 16GB IS now 150$ new, maybe 125$ lightly used !
From 700$ 5years ago to 150$. 20% value.

Creo -9000$ - 5years from now- 15-1800$ MAX. !
Take a sleep pill , or travel into the future , buy 10of them, and sell them to me.

I don't know that I'd compare e-bikes to the depreciation of cell phones, but I agree with your argument that you buy them to ride!

 

[kattanm]

Also it is harder to sell an e-bike second hand. I use ebay all the time for regular bikes, and that works ok. But shipping on an e-bike is a fortune because of the battery, so that might limit you to local buyers only/smaller market.

 

[Deacon Blues]

Here's my personal example of selling a used ebike.
Yesterday I sold my 2016 Pedego RidgeRider. New, with an aftermarket rack, top bag, and suspension seat post, the bike cost me $4150 Canadian.
I put 3300 km on the bike in four years (I mostly ride my two carbon road bikes) and the bike was in very good condition.
I sold the bike for $2200, so, about a 50% loss in four years. Last year I tried selling it for $2800 (recommended price from my local Pedego dealer) and got zero response.

 

[Ebiker01]

Here's my personal example of selling a used ebike.
Yesterday I sold my 2016 Pedego RidgeRider. New, with an aftermarket rack, top bag, and suspension seat post, the bike cost me $4150 Canadian.
I put 3300 km on the bike in four years (I mostly ride my two carbon road bikes) and the bike was in very good condition.
I sold the bike for $2200, so, about a 50% loss in four years. Last year I tried selling it for $2800 (recommended price from my local Pedego dealer) and got zero response.

You got a good price. It depends also on where the ebike is. A big city or a populated area can generate a lot more interest.

 

[Deacon Blues]

You got a good price. It depends also on where the ebike is. A big city or a populated area can generate a lot more interest.

Very true. I live in a small town.