Residual value/depreciation

Vidor06

Long term loafer
I having been trawling ebay and gumtree for some time on the lookout for n+1. I am planning to buy a Cyclocross bike later in the year and am looking for something to do me for the interim.

Now the point.

If a bike was bought in 2007 for £600 how much of its value would it retain today? Assume the bike has done a couple of thousand miles and has been well looked after. I am sure this is way too simplistic but hopefully someone can give me some sort of clue.
 

TheDoctor

Europe Endless
Moderator
Location
Stevenage
Hmmm. Be very careful of a cheap bike on Ebay or particularly Gumtree.
It's likely to be stolen. Members here have seen their stolen bikes on Gumtree and Ebay.
 

swee'pea99

Legendary Member
Hmmmm...I think 'likely' is a tad strong. There are certainly stolen bikes, but I do believe the vast majprity are legit.

To answer the original question, I really don't know, but I'd guess at somewhere between 1/3 and 1/2. Perhaps nearer the 1/3...
 

TheDoctor

Europe Endless
Moderator
Location
Stevenage
OK - every time I've looked at Gumtree a good few of the bikes looked 'dodgy'.
I'd agree with you on the 35% give-or-take a little, BTW.
 

Kestevan

Last of the Summer Winos
Location
Holmfirth.
I've seen the following formula used before:

1st year 30% off purchase price.
Then 10% off every following year.

I think this works out reasonably well on most mid-range bikes.

Cheap clunkers and top-end exotica probably fall outside its remit though.
 
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