Important advice for new riders, buying a bike on Ebay
:-Know as much as possible about the bike you want to buy, and what they are worth - both used and new! and DO NOT! become emotionally attached to a bike because you are bidding on it.
Ive bought a couple of bikes this way and I've not been ripped off on either occasion. But I have just sold one of them and this is the prompt for this message.
The bike i just sold was listed at a lowish price, with room for bidding up to what i thought was what it was worth. It looked good in the pictures, but by no means did it look new.
Because the start price was good, bidding started almost immediately and quickly rose to the level where I thought it would plateu........
It didnt plateu.
The price went up and up.
There was about 3 guys fighting over this thing like a bunch of dogs with a bone.
I added with every question asked - "come and inspect the bike before you bid"...no takers on this offer.
As thr price sailed past the original purchase price that I paid (and I probably paid too much!) I almost felt that I should try to stop these guys bidding "Stupid Money!" for this bike. but what can one do as a seller on Ebay
? I didnt set the price, they did!
1 of the bidders, I would assume was just a young teenager by the questions he asked. I would have just given the bike to him at a vastly reduced cash price, had he won. But the other two continued to push the price to the point where I've seen much newer, better designed bikes sold (even some new bikes!)
The bidding continued to rise.
I double checked the wording in my listing to make sure i hadnt mis-represented the bikes condition or age. I wasnt talked up too much at all, just the facts.
When the bidding stopped, I had almost made a $600 profit on a second hand bike I bought over a year before. I believe I paid a little too much for it back then, but i was happy at the time.
I was a little embarrased when the transaction took place but the cash was enthusiasticly handed to me, and the buyer went off happy with his purchase.
My advice to all people looking for the next bargain bike, on Ebay
(1) Know what your bike is worth - watch a few bikes go and get a feel for what they are worth.
(2) Check the New price - you may find it is worth finding a little more cash and getting a new one - the prices seem to be coming down, drasticly. Cycling Express on line, even last years run-outs at the LBS can be at really low prices that would make 2nd hand seem like nonsence.
(3) Check alternative brands / styles etc - A lot of people get caught up on the "In" bike of the week. This changes pretty regularly too, find the right bike for you, not what the "Vello fasionistas" are loving this week. The bike has to impress you - not your mates.
(4) If you have the oportunity - Inspect before you bid! - you need to be happy with the condition and the size when the auction ends, and you have the highest bid.
(5) Know that what you want to buy will suit your riding style - Do your homework! Talk to as many people as possible. I made this mistake! I bought a downhill bike when what I needed was an XC /XT bike - Now, I have a new Trance and i am very happy.
I hope this helps someone to avoid making an expensive mistake.
I was happy to make some money, but felt guilty when I took the cash. I did need it to fund my recent purchases (keep the minister for finances & war happy)