What price should I sell for?

[byunbee]

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.

That's likely true. I give it until early 2021 since that's the earliest potential vaccine might be available if any. Even if no vaccine, I think people will generally venture out more and more.

 

[RolandSchitt]

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

It's funny how much controversy you started with this post. I wouldn't use it as my only guidance, but for a dead simple formula I think it's pretty good. I plugged in a couple of hypothetical bikes and the numbers I got made sense. Nice work.

If I were going to tweak it I'd make the mileage and age penalties drop off over time. 1,000 miles vs 2,000 miles matters more than 9,000 miles vs 10,000 miles. Still, I think I'd leave it as is for the simplicity.

 

[golova]

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

To close the loop, sold it for $1150.

 

[byunbee]

Hey my formula was pretty close!