Lately, ive seen a bunch of shops now offering trade ins towards new bikes, I think its a partnership with bicycle blue book. Anyone have any insight on the push?
We are doing it. The amount they offer isn’t much, but if you aren’t CL or eBay savvy it’s a win.
Let’s just say that the estimates I’ve run this far have been laughed at.
Oh.. so now bike dealers can be called "stealerships" Just like a car dealer, they take your wooped out trade, fix all the wrong, include a warranty Sell it for profit.
Should be interesting.
This may be the only way to sell an aluminum scalpel. I’d probably get tree fiddy for it
Ah, that's how it works in a car dealer. folks can accept the dealer offer or choose what ever other means to deal with the hoopty.Not quite. The bike blue book people make an offer which is applied to the sale of a new bike. You can accept it or not. They then sell it on Craig’s list or eBay from what I can tell.
I don’t see them having much success honestly.
So you send it to them then they sell and send to someone else? Shipping and their overhead is what's driving their low offers. I did notice them on eBay and their prices are decent, but I always thought they just acted like a listing agent and would have the bike shops ship from their locations.Not quite. The bike blue book people make an offer which is applied to the sale of a new bike. You can accept it or not. They then sell it on Craig’s list or eBay from what I can tell.
I don’t see them having much success honestly.
A business model that plays to consumer laziness is rarely a risky bet. Selling stuff online these days is a PITA. Say you have a bike that might be worth $700 and they offer $350 for it. You have to decide how much time and aggravation that $350 extra you might get is worth to you.
Both Guy's and Knapps seem to be big on the trade in thing. I know Guy's just sells it on ebay. I know a few people who have done this at Guy's but they are long term customers there so I think it is basically just a courtesy thing of "ill sell it for you". They were also bikes with good specs so there is limited risk in being able to unload it. I would have to imagine as you get closer to entry level, you would be getting next to nothing for it.