how to sell bicycle?

36 Posts

Hi experts,
I wanted to sell my bicycle ‘Wilier Izoard XP’, I have never sold online before!
My questions are:
- Is Ebay the best site to sell bicycles?
- If a person comes to see the bicycle and wants to try it, what can I do to make sure he won’t just scape with it haha.
- I do not have the receipt from when I bought it, but the shop where I bought it, is nearby… Will the potential buyer want to see the receipt?, shall I go ask the shop for a new receipt/proof?
Thanks! Any tip is welcome!
Ps: I bought it for £900 two years ago, I would need the money in the next month or so… is it ok to sell it for £500 or is it too low/high?
I wanted to sell my bicycle ‘Wilier Izoard XP’, I have never sold online before!
My questions are:
- Is Ebay the best site to sell bicycles?
- If a person comes to see the bicycle and wants to try it, what can I do to make sure he won’t just scape with it haha.
- I do not have the receipt from when I bought it, but the shop where I bought it, is nearby… Will the potential buyer want to see the receipt?, shall I go ask the shop for a new receipt/proof?
Thanks! Any tip is welcome!
Ps: I bought it for £900 two years ago, I would need the money in the next month or so… is it ok to sell it for £500 or is it too low/high?
0
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Replies
You should have some paperwork even if no receipt. I bought a bike off a neighbour so I knew its provenance, but they gave me the folder with a manual and a couple of tools that came with the bike. Did you pay by credit card/cheque? Show them details of the transaction?
Other people will comment on price, I'm not familiar with the bike or the current market.
A £900 bike 2 years old is not worth £500, sorry. That's entry level spec and will not hold value, you might get lucky at £500 but I'd stick it on ebay about £300 and hope for the best - there are lots of bikes around for sale and reductions in 2018 bikes as 2019 bikes are out now and a new one for £500 is potentially of the same spec as your 2 year old one.
Gum Tree or ebay probably best
Don't accept any deals to pay by Paypal, there are well known scams involving people buying it for a friend without seeing it and sending a courier
“I think that the Government are right to apply to join the European Economic Community...” -Winston Churchill 1961
“The future of Europe if Britain were to be excluded is black indeed.”[FONT="][FONT="][FONT="] - Winston Churchill 1963
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And yes cash up front only, if they want a test drive say yes thats fine but you hold the cash during. If I was a buyer I wouldnt have any problem with that.
Decent bikes hold their value fairly well, and if rare and good condition you might get £500 if you are lucky. But I would probably aim for £400.
i would prob try it first around £450 leaving it open to offers, if within a few days/week i hadnt got a sniff I would start lowering the price.
as others have said hold on to something of value of theirs ( or the cash), car keys maybe
You could try that.
I have bought one off Gumtree
But a £900 bike new is now an obsolete model which would be sold as a run out model for £600 by the shops with the guarantees that brings too.
I too agree £500 is too high.
Ask yourself what would entice you to look at it should you be a purchaser?
and
good luck
Gumtree and Preloved are both free but when I ve tried them to sell, to save Ebay fees, I have never managed to sell much at all. Local Facebook Marketplace is better than both of these free auctions .. If someone rolls up with a car on a collection only purchase then its safe to let them have quick run around. I have bought and sold many bikes on Ebay and never had the slightest problem with bike buyers. Its the local bike nicking kids i m more worried about and my expensive bike stays indoors not in the garage
£900 bike is only just above entry level and spec may not be great (I'm guessing it is probably Tiagra 4600 given the age, not even the newer 10 speed 4700), it won't hold 50% value after 2 years - £300 as I said above you might get but with 2019 bikes out, 2018 spec bikes let alone 2017 or 2016 are reduced and a new one with guarantee it won't have been ridden harshly, crashed etc is more appealing
“I think that the Government are right to apply to join the European Economic Community...” -Winston Churchill 1961
“The future of Europe if Britain were to be excluded is black indeed.”[FONT="][FONT="][FONT="] - Winston Churchill 1963
[/FONT][/FONT][/FONT]