Secondhand ebikes

Author
Discussion

Raccaccoonie

Original Poster:

2,797 posts

25 months

Tuesday 18th April 2023
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Just looking on Facebook marketplace and see barely used and new ebikes being sold for not much less than you can buy new. Like 4-6k bikes.

Who buys these?

President Merkin

4,252 posts

25 months

Tuesday 18th April 2023
quotequote all
People who want a second hand ebike mostly.

Raccaccoonie

Original Poster:

2,797 posts

25 months

Tuesday 18th April 2023
quotequote all
President Merkin said:
People who want a second hand ebike mostly.
Yes get that, but the market has dropped massively in recent months. Are people really paying 80-90% for second hand bikes in cash.

bobbo89

5,485 posts

151 months

Tuesday 18th April 2023
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Noticed similar recently looking at what Vitus E-Sommets were going for on eBay compared with what you can buy them new for on Wiggle...

President Merkin

4,252 posts

25 months

Tuesday 18th April 2023
quotequote all
The bike market has become oversupplied at the same point that people have gone skint. The upshot is retailers stuck with cash tied up in inventory are discounting new bikes to the point that the used market makes less & less sense.

With ebikes in particular, very few manufacturers offer a warranty for subsequent owners, further reinforcing the logic of buying new.

As with most things like this, you can fall into the trap of confusing asking prices with sold. If you paid £6k a year ago for a shiny ebike, it's just human nature to ask £4-5k year later, irrespective of whether it represents value or not. The proof of the pudding is whether those bikes sell, Right now, they won't. If as I imagine, manufacturers pull production to rebalance demand, then the equation will change.

Scoobyshue

237 posts

168 months

Tuesday 18th April 2023
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If you are interested in said bike(s) then make an offer.

Seller can either accept or decline.

In completely unrelated news wink

I have got two brand new ebikes for sale - never turned a wheel. Come with a 2 year warranty. I would be happy to discuss offers for these.

tvrfan007

413 posts

180 months

Tuesday 18th April 2023
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bobbo89 said:
Noticed similar recently looking at what Vitus E-Sommets were going for on eBay compared with what you can buy them new for on Wiggle...
Not just bikes here, many things sel on ebay for what you could buy new at... Mystifying at times when you can buy new for less.

Pablo16v

2,198 posts

203 months

Wednesday 19th April 2023
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tvrfan007 said:
bobbo89 said:
Noticed similar recently looking at what Vitus E-Sommets were going for on eBay compared with what you can buy them new for on Wiggle...
Not just bikes here, many things sel on ebay for what you could buy new at... Mystifying at times when you can buy new for less.
It’s possible that the size of frame they were after was sold out on Wiggle/CRC (happens frequently) so they buy a lightly used second hand one instead. I did that with one of my daughters bikes paying just £150 less than new for a 6 month old example, which was still in immaculate condition.

Raccaccoonie

Original Poster:

2,797 posts

25 months

Wednesday 19th April 2023
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Let's be honest the reason I made this thread is, when will 5k ebikes be 1k?

bobbo89

5,485 posts

151 months

Wednesday 19th April 2023
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Raccaccoonie said:
Let's be honest the reason I made this thread is, when will 5k ebikes be 1k?
When you find out let me know laugh

yellowjack

17,197 posts

172 months

Wednesday 19th April 2023
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Raccaccoonie said:
President Merkin said:
People who want a second hand ebike mostly.
Yes get that, but the market has dropped massively in recent months. Are people really paying 80-90% for second hand bikes in cash.
Tech is the same. I'm looking for a new GPS watch to replace my Forerunner 910XT. Looking on eBay I'm seeing lots of watches which, being blunt, look pretty ropey aesthetically, and they end up selling for near what Garmin's own site are listing them for. Call me old fashioned, but if I'm taking the risk (no warranty, unknown technical sympathy of previous owner, etc) of buying a pre-owned, used item, I expect there to be some considerable saving over buying it new.

President Merkin

4,252 posts

25 months

Wednesday 19th April 2023
quotequote all
Raccaccoonie said:
Let's be honest the reason I made this thread is, when will 5k ebikes be 1k?
You're wasting everyones time.