Valuation Query

c.p.w.g.w

Just looking for some help in valuing a bike...

2019 Canyon Ultimate Carbon Fibre SL7 in katusha Red, size medium... between 200-400 km done on it, stored in doors and was bought for €1,600 new

Thanks in advance for any help or guidance

CantGetNoSleep

Is that the 105 rim braked version?

I wouldn't see something like that as having lost a huge amount of value especially if it is in perfect condition and with new prices having increased (although I think the CF SL 7 is now 1699€).

I'd actually think you could sell it quite easily too, maybe on here where you will get more genuine interest.

I'd say 1250 or so - too much more and you are better off buying new for warranty etc. I'd ask 1350 if selling on Adverts.

Would be a great bike for someone - particularly if you are a good weather cyclist, 95% will never need anything better than that

Mr. Cats

I reckon you might have to accept a slightly lower final price. At that pricing you’re competing with 1250 bike to work purchase. So a typical buyer might think, I can buy this new bike over here for 2k, less 600 saved in B2W tax, so net 1400. For that I get a warranty and everything specced as I choose, and my initial cash down is only 750. Also a lot of buyers in that category might be a bit nervous of buying second hand. Against that your bike is available today, whilst there’s a shortage of new stock.

But as stated above, the only way to really know is to advertise it and see how it goes. I think the 1350 that CGNS mentions is a fair starting price. If it has done as little mileage as you say, then get some high resolution photos in strong sunlight. It really makes a huge difference in the appeal of something second hand if people can see it’s really ‘as new’ - eg show the rubber ‘spikes’ on the tyres are still there. Borrow a phone off a friend if their camera is better.

fat bloke

1600 new??! Wow. Fair play to Canyon. Lovely bike. Is that Tiagra or 105 at that money?

However, as said above I think realistically you'll be down around 1000. That's if you actually want to sell it. If you just to have an ad up for 4 months and post "still available" every 2 weeks then that's another story :). The size, being in the meat of the bell curve, works in your favour though.

sin_26

If you want to post this bike on adverts prepare yourself for offers around half of your asking price 😁. I've sold few rigs alright but always through donedeal. Found much more serious buyers there as well as here on boards.

c.p.w.g.w

105 groupset & rim brake edition

MojoMaker

1. Available now vs waiting months from Canyon.
2. 6 year warranty on Canyon frames, so well within that assuming you have proof of purchase etc.

Hard to get a new bike anywhere, including Canyon, summer is approaching and good training weather within reach in just a few weeks.

€1200 and stand over €1000 - someone looking for a Canyon might jump, and model year is not as relevant if it's virtually brand new.

Rim brake version is more desirable (IMO) but the market has skewed some thinking recently that disc brakes are all that matter so who knows.

Mr. Cats

So op, what’s your own thinking on the valuation?

c.p.w.g.w

https://www.boards.ie/discussion/comment/118634440#Comment_118634440

It is a very strong valuation...

I really want to keep it, but I genuinely don't see myself getting back on road anytime within the next 18 months and currently trying to buy a house, so a few extra € in my pocket will massively help...1st world problems I know

Mr. Cats

Interesting. One way to think of it might be what it would cost you to replace in 18 months or later.

Based on above, it seems bike currently retails at 1700. At current bike inflation rates, that could be 1800 or even 1900 in a year or two time. Also, it could be that the rim/105 model is dropped and the disc could easily be 2k. You might be able to use B2W (not every company would facilitate canyon). This would knock off about 250 to 600 or so, depending on your tax rate.

So best case scenario in a year or two’s time is that it would cost around 600 upfront and between around 600 and 1000 taken from pay checks over a year to replace what you have. In return you would have c. 1k now.

If it was me I would keep the bike as the replacement cost is just too high. But it depends a lot on your own individual circumstances and what difference the 1k now would make to you. Keeping the bike would give you a huge advantage in one regard in my book though. Buying and moving house is stressful and there’s no better de-stresser than getting out in the fresh air for a ride. Having a think about various goings on re purchase whilst out on the bike might save you a few quid as well. Great way to learn a bit about your new neighbourhood too!

c.p.w.g.w

I have another bike, which in fairness is in very good nick, and don't know if I can justify having both...just sitting there

Mr. Cats

Ah fair enough. That does change things. So long as you’ve got a bike to get out on an extra one does seem a luxury.

fat bloke

Erra sure look it. You're not squaring the circle here. Put it up for sale. If the price is right and someone likes it, you'll have the cash in your pocket lickety-split. If it doesn't sell then it's too dear. -There are plenty of "Quick Sale Wanted" bike ads on adverts that are 8 months old!

MojoMaker

Sensible approach. A bike doing nothing is an expensive ornament and really the only bikes worth hanging to and indulging their non-use state is something pretty unusual or old, or both. An entry-level 2019 Canyon does not qualify!