For the upcoming bike swap on April 12th, 2014 from 12:30 to ~2:30 here are a few general tips to keep in mind when coming to the swap for both buyers and sellers as well as general valuation guide for used bicycle gear originally published for the 2013 swap and has been updated. Prices are negotiable on most things; but have a sense of the value of items. This includes buyers and sellers.
Craigslist and eBay can be points of reference, but remember especially with eBay that there are shipping costs as well as be sure you look at completed items; not just what people are asking.
The swap tends to be a cash only event; but increasingly we have seen the use of Square (R) & Paypal (R) credit card readers; but I would simply plan on cash. Checks are rarely taken but it does happen. There is an ATM at the credit union next to FireTap, an Alaska USA ATM inside of Lowes, and a Wells Fargo ATM inside of Holiday. Many financial institutions also have branches or ATMs either near the Dimond Center or near the Huffman / Old Seward area.
Used Bike Valuation and Arctic Bike Club Bike Swap Information Anchorage
Where is it: 11051 S Center Dr, Anchorage, AK 99515 ; this is behind Alaska Club South and across from Lowe’s near Old Seward & O’Malley.
When: 12:30 – 2:30pm
Bike Swap Tips and Valuation
- 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 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.
- The bike swap ‘typically’ is not a place for ‘collector bicycles’; but we do see them on occasion.
Based on this information above about bike values the following value chart may be useful as a ‘general guide’; there are always exceptions and this is assuming minimal maintenance and no new components.
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|
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:
Parts that are considered to wear quickest and are considered disposable:
- Inflatable Tubes
- Bottom Brackets
- Brake Pads & Discs
- Brake Tubing or Cables
Parts that are considered high wear and sometimes can be salvaged or repaired:
- Chain Rings
- Shifters *
- Crank Sprockets / Rings
- 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 and can last across multiple bicycles for years.
- Cranks (but not the sprockets/rings)
- Seat posts
- Seats / Saddles
Accessories that to hold their value well:
- Paneer Racks and Bags
- Rollers & other Bike Trainers
- Bike Repair Stands
- Bike Trailers
-Christopher S.Originally published 3/31/2013; updated 04/06/2014.
The Arctic Bike Club Bike Swap is free but you can support the club through your membership. 10% off all ABC Club Membership until 11pm April 19, 2014. Use Code: “B372A5FCCX” at https://arcticbikeclub.org/abcmember/sign-up-plans/