Sell your bike
Have you bought a new bike or do you simply want to clean out your old one? Then it's time to sell your used bike. Here we explain what you need to consider:
- What is the best way to sell a bicycle?
- When do I sell a bicycle?
- What is my old bike still worth?
- What is the best way to sell an e-bike?
- Where do I sell a bike?
- Sell a bike on buycycle.com
What is the best way to sell a bicycle?
You want to sell your used bike. Then we have created a checklist for you:
1. Determine bike type and bike model
Get the bike out of the cellar/garage/bike rack on the wall and gather all the documentation. If you don't know which type your old bike belongs to, take a look at our overview:
In addition, for city bikes and trekking bikes, it is helpful to specify whether it is a ladies' or a men's bike. The next step can be more complicated. It always helps to know the model of your used bike. Often the model is on the invoice - if there is no invoice, you can search the frame. Sometimes the model designation is written there (e.g. for manufacturers such as Cube or Canyon). Alternatively, you can start a Google search or contact the Buycycle team. They will be happy to help you research the model. If necessary, you have to start the sale without model information.
2. Determine condition
An important statement for potential buyers is the condition of the used bike. For example, if it has only been in a dry cellar, the loss in value is naturally lower than if the bike has been ridden a lot and in all weathers. You can orientate yourself very well on the following conditions.
In the case of defective or severe visual defects, you can also take the used bicycle or e-bike to a bicycle workshop or order spare parts yourself and carry out a repair. However, experience shows that repairs are a cost factor before the sale, but often the sales price does not increase to the same extent as the repair costs. A simple alternative is the Premium Check at Buycycle. You can set the used bike as defective and only when it is sold will the bike be sent to a certified bicycle mechanic who will repair the defects.
3. Taking good photos
Besides the price, the photos are the most important arguments for or against a sale. When taking photos, you should make sure that the used bike for sale can be seen in its entirety from the side. It is always helpful to photograph the bike from the side with the gear group and crank - especially in the sporty area of road bikes and MTBs, the components play an important role in the purchase decision. In addition to the overall view, all important components should now be photographed. It is better to take a few good photos of the shifting group, brakes, saddle and co. than several blurred or poorly lit pictures. Brand names such as Shimano and SRAM should be as legible as possible.
In addition, all signs of use should be photographed to avoid later discussions with the buyers. Very important here: Not only your bike is important, but also the background. A dark cellar looks less serious and inviting than a plain, well-lit wall. The following always applies here - a few extra minutes when creating the photo is worth it!
4. Determine price
A selling price must now be determined for your old bicycle. The first point of reference is the new price. If you do not know the price, you can start a Google search or contact the Buycycle team. In addition to the new price, the condition and age of the bike are also important factors in determining the selling price. At Buycycle, you can also get an automated price recommendation within a few clicks. You can find more details about the price determination in the section below.
5. Determine sales location / sales platform
There are various providers and options here. From local classifieds to Ebay classifieds to Buycycle. The detailed comparison and analysis takes place in the later section.
When do I sell a bicycle?
The best time for a bicycle sale is difficult to predict. Basically, of course, most people in Germany cycle in the summer. Therefore, you see proportionally more purchases in summer and fewer purchases in winter. However, the behaviour of buyers differs for the different types of bicycles. Therefore it is also important (see section 1) to know the types of second-hand bicycles. Here is a first indication of the best times to sell for the bicycle types:
This is the perfect time to sell a city bike, trekking bike or children's bike. These bikes are usually bought according to immediate need, i.e. when it is warm and there is no bike available or the old bike is broken, people usually want to solve the problem quickly and buy a new bike. With the above-mentioned types, there is usually less emphasis on brands or special models, so they are usually NOT bought in winter (with a lead-in) for next spring. Basically, this buying behaviour also applies to sporty bikes in the low-price segment. Newcomers to racing bikes or mountain bikes usually only decide to start their new sport in the warmer seasons. The same applies to the e-bike versions of the bicycle types mentioned.
In the colder seasons, particularly high-priced sports bikes are bought. So if you want to sell an expensive road bike, MTB, triathlon bike or e-bike, autumn/winter is a good time to do so. If you look at the buying behaviour of triathlon bikes, for example, you can quickly see that the sporty, ambitious buyers are already gearing up for the new season in winter. The competitions usually take place in the summer, so triathlon enthusiasts want to make sure they have the best possible equipment in advance. The same applies to high-quality racing bikes and mountain bikes. Most races take place in the warm summer months. Ambitious (hobby) athletes already prepare themselves in winter for the sporting tasks in summer. In a weakened form, it can also be seen that high-quality e-bikes are bought in the winter "in advance of the warm season". Before buying expensive bikes that cost several thousand euros, most cyclists conduct a long search of the available models and suppliers. If they find the right model, they usually buy right away, before the "run" on the popular models starts in the summer.
Basically, even high-priced bikes are bought in summer and spring, so you can sell these bikes all year round. In autumn and winter, however, the chances are at least as good as in the warm months.
What is my old bike still worth?
One of the most difficult tasks when selling a bicycle is to determine the right price. You want to get a reasonable price for your old bike, of course, but you also want it to be attractive enough to "attract" potential buyers in a timely manner. Essentially, you determine the selling price with the following steps:
1. determination of the new price of the bicycle
The price of the bicycle when it was new is one of the most important factors in determining the selling price. If you have already bought the bike used and do not know the new price, it is worth researching online or searching for your model in the Buycycle database, where you can find all new prices.
2. consider the age and condition of the bike
Similar to a used car, the value of a bicycle decreases with age and wear. It is imperative to take both factors into account, since, for example, an 8-year-old bike that has hardly been moved and is in very good condition is worth just as much as a 2-year-old used bike (same new price) that has, however, already been heavily worn. Here, too, the condition assessment described in the above section is helpful.
3. consider make and model
Here, too, there are analogies to the car market in the bicycle sector. Popular brands (such as Canyon, Cube, Specialized) and especially their popular models (e.g. currently especially the gravel bike models of the popular suppliers) are more in demand than unknown brands and models. More demand leads to a higher selling price.
4. research comparable advertisements
You can search for your bike on common sales platforms and see which advertisements are posted at which prices. This superficial market research helps to validate your own selling price and can also help to check step 3. Popular makes and models are offered at higher prices than lesser known sellers.
5. fine-tuning the basis for negotiation
Lastly, of course, it always helps to advertise the used bike with a negotiable price. When you receive initial counter-offers, this helps you to determine the price that can really be achieved. But caution is also advised here. On platforms such as Ebay Kleinanzeigen, there are often "cheeky" enquiries with unrealistic prices. One should not be irritated by this.
The process described above can often be time-consuming. The Buycycle team has reduced this effort. There, with a short selection of the bike, one can receive a price recommendation for the used bike within one minute. The self-learning algorithm takes into account the aforementioned factors such as new price, condition, age, market situation, time of year, search volume and the selling prices of similar advertisements when automatically determining the price.
What is the best way to sell an e-bike?
When selling an e-bike, the above steps apply. In the case of an e-bike, the only additional issue is the battery and the motor. Basically, an e-bike is much easier to sell if you have an "official" statement about battery capacity and motor power. To do this, you can have the battery checked at a bicycle dealer and make use of the Buycycle testing service.
Where do I sell a bike?
So far, there are various providers for the sale of bicycles:
- Local classifieds
Up to now, people have mostly placed local classified ads for the sale of bicycles or the used bicycle was advertised on Ebay classifieds. Both variants have some weaknesses:
- One is simply limited in terms of space, as the buyers mainly want to pick up the used bicycles. This means that only the local bicycle market is addressed. It takes a bit of luck to find a suitable owner for your old bike. A shipping option is only available in the rarest of cases.
- Payment is not regulated. Personal arrangements over the phone offer great potential for fraudsters. Unfortunately, there are more and more cases of fraud on platforms like Ebay Classifieds.
- Potential buyers can only search for their new bike via free texts. But what the interested parties are looking for cannot always be estimated in advance. Especially if you don't sell a bicycle every day.
- Sometimes the buyer complains about signs of use afterwards.
The Buycycle team started with the aim of offering an alternative without these weaknesses. How can the sale be made simple and safe and appeal to as many interested parties as possible? Here is the description.
Selling a bike on Buycycle.com
1. Advertise in simple
Advertisements can be created quickly and easily at Buycycle - even without detailed knowledge about your used bike. You simply have to enter the brand (e.g. Haibike), the model (e.g. Backroad) and the year of purchase (of the then new bike). The matching bikes are suggested immediately. You simply select the right bike, specify the condition of the bike (e.g. bike in good condition) and the advertisement is created and the bike can be sold.
2. Safe payment
If you are conducting a private sale and the bike is not collected by the person buying it, you have to ensure a digital exchange of the purchase amount. At Buycycle, it is easy to pay with all common online payment options, such as Paypal, Klarna, credit card or even payment by instalment. With the help of privacy settings and secure interfaces to a payment service provider, the money is collected from the buyer and held in trust. As soon as the collection has been arranged, the money is released and sent to the deposited account. In this way, the money is in the account even before the used bicycle is handed over. The special thing about this process is that it offers security for both the seller and the buyer.
3.Uncomplicated bike shipping
A shipment always starts with the packaging. Buycycle sends a packaging set (box and protection in the box for components, frame and wheels) to your home. The box fits an e-bike, road bike, mountain bike, city bike, trekking bike and also a pedelec.
For a particularly small or large frame height, as well as for a children's bike, there are also special versions of the box. Now you have to put the bike in the box and cover the components with the protective devices provided for this purpose. The second-hand bike is now collected at home and delivered to the buyer insured. The buyer now has the feeling of having received a bike directly from the bike dealer - which hopefully increases the enthusiasm around the bike purchase even more. Direct collection of the used bike is of course also possible - especially for short distances, direct collection makes ecological sense.
4. Buycycle takes care of queries
Regardless of whether it's a "mechanical" bike or an e-bike, buyers sometimes have questions about the technical details of a used bike. The Buycycle team wants to help buyers get started on their new bike adventure and relieve the sellers of all the after-sales work. Buycycle's customer support is always available for buyers and will answer all questions. In addition, there are partner bike shops and workshops throughout Germany that can provide on-site support when starting out with the bike. Only in exceptional cases do the sellers have to be contacted in case of queries.
5. No costs
Basically, you can sell a bike for free, i.e. without commission, at Buycycle. The sale is designed to be as simple and safe as possible. A bike purchase is also planned - so you can even sell your bike within a few hours and have the sales price in your account. In this case, signs of use are repaired by refurbishing the used bike.
Do you have any questions about the article or about selling a bike? Just write the buycycle-team. Good luck selling your bike!
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