Used Bike Part Valuation Tips

For the upcoming bike swap on March 30th, 2013 here are a few general tips to keep in mind.

Information on this years bike swap can be found in this post here.

Bike Swap Tips

  • There is no Kelly or NADA blue book for used bicycles; so all used bicycle values are relative to the buyer and seller.
  • So a general depreciation schedule needs to be considered. Most bike shop bikes are designed for 5+ years life; reaching a slower rate of depreciation between year 3 or 4 as long as they are maintained.
  • Important value factors: Age and Component Condition are primary; followed by frame model (and brand) and condition.  The frame may be scratched up or even dented, but if the components are in good condition or new that brings more value.
  • Bikes depreciate 5-35% immediately at time of purchase, then 20% per year per IRS schedules.

Based on this information above about bike values the following value chart may be useful as a ‘general guide’; there are always exceptions.

 

Calculating the Value of a used bicycle

Original Cost Immediate (5%) Yearly Depreciation Rate Max Yr 1 Value Gen Yr 2 Value Gen Yr 3 Value Gen Yr 4 Value
5000 4750 1000 3750 2750 1750 750
4500 4275 900 3375 2475 1575 675
4000 3800 800 3000 2200 1400 600
3500 3325 700 2625 1925 1225 525
3000 2850 600 2250 1650 1050 450
2500 2375 500 1875 1375 875 375
2000 1900 400 1500 1100 700 300
1500 1425 300 1125 825 525 225
1000 950 200 750 550 350 150
750 712.5 150 562.5 412.5 262.5 112.5
500 475 100 375 275 175 75
250 237.5 50 187.5 137.5 87.5 37.5
100 95 20 75 55 35 15

 

Bike Parts:

Bike parts, like car parts, are designed for a certain amount of wear and tear before wearing to a point beyond their optimal functional. Though like used car parts may be used for parts or used as a straight replacement depending on a cyclists needs. Used parts other than frames rarely have more than 50% of their original cost value; with some exceptions.

Parts of a Bicycle:

Bike Parts Image used with permission of Jim Langley

Image used with written permission fromJim Langley of http://www.jimlangley.net

Parts that are considered to wear quickest and are considered disposable:

  • Chains
  • Cables
  • Bushing
  • Inflatable Tubes
  • Tires
  • Bottom Brackets
  • Grips
  • Brake Pads & Discs
  • Brake Tubing or Cables

Parts that are considered high wear and sometimes can be salvaged or repaired:

  • Chain Rings
  • DeRailers
  • Wheels
  • Shifters *
  • Brake Levers *

*= For Shifters and Brake levers that are damaged or , not just needing tune-up or adjustment.

Parts that are considered low wear and have a high functional and/or low cost recylability rate even with high cosmetic wear.

  • Frames
  • Forks
  • Cranks
  • Handlebars
  • Pedals
  • Seatposts
  • Headsets
  • Stems
  • Seats / Saddles

Accessories that to hold their value well:

  • Paneer Racks and Bags
  • Rollers & other Bike Trainers
  • Bike Repair Stands
  • Bike Trailers

 

-Christopher S.