What price should I sell for?

G

golova

New Member
Hi,

Wanted to get advice on the price for the used bicycle? I need to sell my CrossCurrent S.

Exact model:
CrossCurrent S (650W) × 1
Red (+$0) / M/16.5" [5'5" to 5'9"] / 12.8 Ah

I has 1K miles on odometer. Battery is in good condition. Overall no significant damages, few scratches.

How to determine the price?
 
Generally 50% of the new retail price... perhaps a bit less due to the current environment.

Where are you located? Have you checked eBay and Craigslist posts for comparable sales?
 
Last edited:
Used eBike Sales Price Formula 😁

Sales Price = Original Purchase Price - Used Factor (20%) - ($100 x number of miles/1000) - (bike age in number of years x $100)

For example:
Original Purchase Price = $1899
Age of bike = 2 years
Number of Miles = 1000 miles

Sales Price = $1899 - $379.80 - ($100x1000/1000) - (2 x $100)
= $1899 - $379.80 - $100 - $200
= $1219.20
 
Used sales are hot right now cuz it's getting virtually impossible to find new ebikes at dealers - everything has sold out over the pandemic. Everybody and his uncle came out for bicycling during the lockdown. In fact, the dealers are wondering what they're going to do when they don't have any more bikes to sell. Even the pedal bikes are getting sold out.

List it here in the classifieds, on craig's. You only need ONE buyer. LOL
I would list it for $1450 OBO. Drop the price $50 every week or so 'till it sells.
 
byunbee said:
Used eBike Sales Price Formula 😁

Sales Price = Original Purchase Price - Used Factor (20%) - ($100 x number of miles/1000) - (bike age in number of years x $100)

For example:
Original Purchase Price = $1899
Age of bike = 2 years
Number of Miles = 1000 miles

Sales Price = $1899 - $379.80 - ($100x1000/1000) - (2 x $100)
= $1899 - $379.80 - $100 - $200
= $1219.20
Click to expand...
There you go ...when you sell for half of what it's worth, you have a spreadsheet to blame. Or to thank if it goes higher than you expect. Supply of new bikes is spotty and thatdrives up used prices locally
 
byunbee said:
Although I came up with this in my head, it's not that farfetched and the resulting price is reasonable IMHO. :cool:
Click to expand...
I like your logic just fine, my point was these are illogical times, and the very best models fail to work on very short term issues. Hence they at least give us something to point to.
 
Interesting....

I just applied @Alaskan's sale to the formula. He listed his 2019 R&M Homage Rohloff HS for $6450 with 2950 miles.

1591930142511.png

Price from Propel Bikes

Sales Price = $8509 - (20%x$8509) - ($100x2950/1000) - (1x$100)
= $8509 - 1701.80 - $295 - $100
= $6412.20!!!

Formula Price = $6412.20
Alaskan's Sales Price = $6450
Difference = $37.80
Variance % = 0.5%

That's pretty good!! *Patting myself on the back* 👋👋
 
Art Deco said:
I like your logic just fine, my point was these are illogical times, and the very best models fail to work on very short term issues. Hence they at least give us something to point to.
Click to expand...
Agreed. You can't model for outliers. And these times definitely are outlier period.
 
byunbee said:
Interesting....

I just applied @Alaskan's sale to the formula. He listed his 2019 R&M Homage Rohloff HS for $6450 with 2950 miles.

View attachment 55204
Price from Propel Bikes

Sales Price = $8509 - (20%x$8509) - ($100x2950/1000) - (1x$100)
= $8509 - 1701.80 - $295 - $100
= $6412.20!!!

Formula Price = $6412.20
Alaskan's Sales Price = $6450
Difference = $37.80
Variance % = 0.5%

That's pretty good!! *Patting myself on the back* 👋👋
Click to expand...

That is pretty close. However what I am selling is that bike with the 1000 watt dual battery option which adds $1,059 to the price. It also has the GX option which is another $59 for a price of $9,627 at Propel. In addition I had the bike fitted with the Fox suspension upgrade which is now available on the Delight but not the Homage. That option adds another $706 to the price. With these options the price for the same bike new results in a starting point of $10,333.

Using your formula, subtracting 20% results in $8268, then subtract $295 and $100 for the result of $7,383.

The formula I used was quite a bit simpler. I subtracted $1 for every mile for a price of $7,383. That seemed to high to me so I then dropped it another 10% which brought it down to $6,645. I then figured I should drop the price below $6,500 to make the price more psychologically attractive. Hence $6,450. My price was a combination of formula and WAG (wild ass guess) as to what I would consider a price attractive enough to sell the bike. We shall see if it works.
 
Alaskan said:
That is pretty close. However what I am selling is that bike with the 1000 watt dual battery option which adds $1,059 to the price. It also has the GX option which is another $59 for a price of $9,627 at Propel. In addition I had the bike fitted with the Fox suspension upgrade which is now available on the Delight but not the Homage. That option adds another $706 to the price. With these options the price for the same bike new results in a starting point of $10,333.

Using your formula, subtracting 20% results in $8268, then subtract $295 and $100 for the result of $7,383.

The formula I used was quite a bit simpler. I subtracted $1 for every mile for a price of $7,383. That seemed to high to me so I then dropped it another 10% which brought it down to $6,645. I then figured I should drop the price below $6,500 to make the price more psychologically attractive. Hence $6,450. My price was a combination of formula and WAG (wild ass guess) as to what I would consider a price attractive enough to sell the bike. We shall see if it works.
Click to expand...
Good luck with the sale. It's a beautiful bike.
 
Alaskan said:
That is pretty close. However what I am selling is that bike with the 1000 watt dual battery option which adds $1,059 to the price. It also has the GX option which is another $59 for a price of $9,627 at Propel. In addition I had the bike fitted with the Fox suspension upgrade which is now available on the Delight but not the Homage. That option adds another $706 to the price. With these options the price for the same bike new results in a starting point of $10,333.

Using your formula, subtracting 20% results in $8268, then subtract $295 and $100 for the result of $7,383.

The formula I used was quite a bit simpler. I subtracted $1 for every mile for a price of $7,383. That seemed to high to me so I then dropped it another 10% which brought it down to $6,645. I then figured I should drop the price below $6,500 to make the price more psychologically attractive. Hence $6,450. My price was a combination of formula and WAG (wild ass guess) as to what I would consider a price attractive enough to sell the bike. We shall see if it works.
Click to expand...
the problem is most buyers wont really understand what the upgrades do but add to the cost.
 
Clearly, to begin with, Riese & Muller bikes are not for most buyers. If someone does not understand the value of having two batteries rather than one, they won't be willing to pay for it. The same goes for suspension parts, entry level Suntour versus higher end Fox. If you don't know what the difference is, do not understand the value and are unwilling to pay for it, you are not really ready for a bike like that. And that is okay. I can wait for someone who gets it to come along.
 
byunbee said:
Used eBike Sales Price Formula 😁

Sales Price = Original Purchase Price - Used Factor (20%) - ($100 x number of miles/1000) - (bike age in number of years x $100)

For example:
Original Purchase Price = $1899
Age of bike = 2 years
Number of Miles = 1000 miles

Sales Price = $1899 - $379.80 - ($100x1000/1000) - (2 x $100)
= $1899 - $379.80 - $100 - $200
= $1219.20
Click to expand...

With respect these kinds of precise formulas don't make sense. Why %20 used factor ? why $0.1 cost per mile , $100 cost per year ?

There are lots of different things to consider.
- Is the bike still under warranty? Your savings can melt if something goes wrong with the motor/ battery etc.
- Are the components outdated? If you are getting the same system as the newer bikes fine, otherwise you may be way overpaying for outdated tech.
- Was the bike maintained? While not as costly as the first one, once you pay for chain, brakes etc you may find that you are getting closer to the original price.

MSRP is very misleading, many people do not pay msrp when buying a bike especially the expensive ones. An informed buyer if patient can actually get the same bike, brand new, for a very good discount which may be the same or even be lower than a used bike price.
 
Last edited:
Johnny said:
With respect these kinds of precise formulas don't make sense. Why %20 used factor ? why $0.1 cost per mile , $100 cost per year ?

There are lot's of different things to consider.
- Is the bike still under warranty? Your savings can melt if something goes wrong with the motor/ battery etc.
- Are the components outdated? If you are getting the same system as the newer bikes fine, otherwise you may be way overpaying for outdated tech.
- Was the bike maintained? While not as costly as the first one, once you pay for chain, brakes etc you may find that you are getting closer to the original price.

MSRP is very misleading, many people do not pay msrp when buying a bike especially the expensive ones. An informed buyer if patient can actually get the same bike, brand new, for a very good discount which may be the same or even be lower than a used bike price.
Click to expand...
Easy tiger...

Like I said it was just something I came up with in my head for fun that turned out to be reasonable.

Reality is that people who buy used bikes don’t take in to consideration all the factors that you mentioned. They mostly want to know the model year, whether everything is working, odometer, and price.
 
byunbee said:
Easy tiger...

Like I said it was just something I came up with in my head for fun that turned out to be reasonable.

Reality is that people who buy used bikes don’t take in to consideration all the factors that you mentioned. They mostly want to know the model year, whether everything is working, odometer, and price.
Click to expand...

Good to see that you find your own formula reasonable. Good luck.
 
The bottom line is the sale is made at the price a buyer and seller are willing to agree on. The invisible hand of the free market... YMMV. ;)

I suspect that the current inflated Seller's market due to Covid-19 will soon change to a Buyers market and prices will drop after the summer.
 
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