How to Increase the Resale Value of Your Bike

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Do you want to get the most out of your bike? Most times when someone purchases a brand-new bike, they tend to sell their old one so that they can get some money back from it, and even use it towards the new bike! If you want to know how to increase the resale value of your bike, then keep on reading!

First impressions are key. The amount of money to have your bike fully serviced may be high, so it is a good idea to try and tackled the smaller issues on your own, such as ensuring that all parts of the bike are working properly and are safe to use. The most important aspects to cover are ensuring that the brake pads work, making sure the chain is lubricated, and that there is sufficient air in your tyres.

Small cosmetic fixes such as if you know your bike has a scuffed saddle or needs new grip tape, can be easily fixed or replaced for minimal costs. Small enhancements like this will improve the overall look of your bike.

If your bike looks neat and clean, it is more likely to sell. You should always give your bike a proper clean before viewing, as this will lead to a good first impression and increase the chances of the bike being sold. Many buyers will immediately associate a dirty bike with being not mechanically sound.

Finding the best place to sell your bike will make the world of difference. Options such as Facebook Marketplace and Gumtree are great places to sell your bike as they are free to use and can reach a large audience in a short amount of time. You should do your best to make your listing look as appealing as possible and ensure that the correct information is available. You need to be honest regarding the bike’s overall condition. Having multiple images up of the bike from different angles will give the viewers a better idea of how the bike looks and how it functions. Pictures are worth more than words!

For the images, try to have an aesthetic background, something that is not too busy as you don’t want the background to take away from the actual product, your bike. There should be sufficient lighting to really make the bike stand out and to allow the viewers to really see the bike and its details.

When it comes to pricing, do market research on similar bikes to determine a fair price. It is no secret that non-modified bikes are usually sold for better prices. You should also be cautious when viewers come to see your bike, as there is a chance that they could be thieves who are posing as potential buyer. Try to take a friend with you when meeting a potential buyer and be vigilant when allowing them to take the bike for a test ride, ensure that there is adequate security as you don’t want them to ride off with your bike.

All of these tips and tricks are sure to help you sell your bike for the right price!