Aibu to expect £50 for this bike?

[OneWorld]

We bought a new Raleigh bike for my DS in 2016 when he was 4. He tried a couple of times and somehow never liked it. It just remained in the garage ever since. We bought it for £100 and now I put it on eBay for £50. No one wants it! It looks new, but it was in the garage since 2016 :( Do bikes wear out with time even when they are not used?

Aibu to expect £50 for it? Half price??

OP, again, check on ebay. It's really not true that you can't sell a kids bike for more than £20!

It might be for the model you have, but they can sell for more.

I actually agree with the reasoning of not selling something for half price!

is that your reasoning when selling a car too?

Presumably it is buyer collect - so you are limited to people local to you. You'd be better putting it on FB local marketplace - that's where I look for bigger items i know i'll need to pick up.

I'd rather pay the extra 50 quid and get a bike from a reputable shop so that I knew it would be in good working order and come with a guarantee than off some stranger. In order for me to be tempted to take a gamble plus go to the the trouble of picking the thing up from a perhaps not so convenient place I wouldn't be willing to pay much more that 20 to be honest.

depends on the bike model. I sold my sons 18 month old islabike for £200. I bought it brand new for £200 so broke even! But in the 18 months I'd owned it the new ones had gone up in price by £50.

I also bought another islabike brand new for £600 and sold it 2 yrs later for £400. Not bad, £200 on a fab kids hardtail.

Raleigh bike, I wouldn't even consider buying one new let alone 2nd hand

I also agree with MountPheasant about the half-price principle.

I think a lot of it with selling stuff second-hand is that the seller and potential buyers are approaching things from a completely different POV. You as seller have an item for which you paid a lot of money, which you no longer need and wish to recoup some of the cost from that one item that you have and need to sell. Potential buyers have a great range of options and price-points for that item and yours is only one of many for them. Also, you're looking for the highest price you can get and they're looking for the lowest price they can pay.

As a slightly extreme example, I had a friend at uni who would buy the required expensive course textbooks for the £30 or whatever they cost at the shop and then advertise them for sale at the end of the year for £28 - and he would be amazed that nobody was interested in saving themselves £2. Of course, the new students coming up had various options - although this was before Amazon and eBay etc, they could still buy them from more realistic sellers, try borrowing from friends or the library etc; and if they did have £28 available to spend on one, why wouldn't they stump up an extra £2 and buy a clean new one, latest edition, with no markings and dog-eared pages etc?

Realistically, I think you have to look at selling most things second-hand (except certain items that are in very high demand) as a way of clearing space and getting a bit of money back as a bonus, rather than as a way of realising any substantial equitable value, even if there undoubtedly still is a significant amount.

We bought a £140 bike for my daughter from halfords. She barely rode it and we sold it after a year for £25.

My ds' got a second hand islabike (£175), he rode it every day, in all weathers, threw it around and scuffed it up over a period of 2 years. I put it on Facebook marketplace with photos of all the scratches. It sold in one day for £150.

I disagree completely about the half price principle. You sell things at the price they are worth second-hand, usually decided by what others have paid and what someone is prepared to pay.

If you buy something new for a much lower price than the RPP (sales or other), you don't price the item based on what you actually paid, but on what the market price is. You might end up selling for 80% of the original cost, good for you. As long as the buyer is happy!

If you buy the item for more than you could have had, it's still worth the same second-hand.

As long as you are honest about the item being second hand, nothing wrong with making a few bucks.

If i had the choice between £50 used from e.bay and £100 new, I would choose new.

Facebook or gumtree is better for local pickup but £30-40 is more realistic. I wouldn't pay that much for a basic second hand bike to be honest, nobody knows how little you used it

@WhenOneFacePalmDoesntCutIt you're right that you sell an item for what it's worth second hand but the point I think you've missed is that most of the time second hand items actually are worth less than half the brand new price / have market values less than half the brand new price. If that wasn't the case, people would always be better off buying new and then selling on (cash flow permitting). Think about it logically...

There are some obvious exceptions - things with enduring value like cars; property (obviously).

£20-£30.

You’ll do better on a local selling site for £40