We buy bikes from all sorts of people and places and we’ll always give you the best price that we can. We do need to know a couple things first though; is it your bike to sell and do you have Proof?
Our first question is normally “How much you are hoping for?” We need to know because it can be difficult to negotiate with someone who wants £1000 when we believe the bike is only worth £200 to us. Sometimes people can get quite insulted and that’s something we would rather not do.
There are many reasons that there can be a big difference between “Trade” price and “Retail” price. The biggest thing for us is VAT.
Let’s say we buy a bike from you at £50 and put it through our workshop at a cost of £30 to get it to a good usable standard, then we price the bike at £120 and sell it. We then have to pay £24 to HMRC leaving us £96 or £16 gross from the whole deal to pay wages, insurance, rent, rates, utilities etc. We are not complaining about costs but our reputation depends on us selling quality machinery that won’t let our customers down and we do have more costs than you would if you sold your bike online or at the bottom of your garden.
We can come to you and view and collect to make it easier for you but, the above still applies.