MY "TEN SPEEDS"

 

MY "TEN SPEEDS"

 

SITE INDEX   FINDING   BICYCLES   WORK SHOP   TRADING   WHAT'S NEW?

 

MY "TEN SPEEDS"

 

 

 
OLD BIKE VALUE - INTRO

MADE BY & WHEN MADE

VALUE & LOCATION

VALUE & FRAME SIZE

INCREASING SALES VALUE

LOWERING PURCHASE COST

COST INCREASING EXTRAS

VALUE CONCULSIONS

 

COST INCREASING EXTRAS

In addition to the cost of the bicycle itself, other, hidden costs almost always spring up.  When buying on-line, be prepared to pay a considerable amount for shipping, on-line selling fees, payment vehicle costs, packing costs, transportation costs, import costs and possible even broker's fees, from time to time.  These things add up!

As a seller, you must decide who will pay your handling costs.  Take a moment to consider how quickly these can add up...

Let's say a bicycle sells for $500.00 on Ebay.  Ebay, even before the bicycle sells, will charge the seller an insertion fee, just for listing the bicycle.  This listing fee can be anything from a dollar and a half and up.  To that add a healthy percentage of the bike's final selling price (more than five percent).  The costs look like this:  $1.50 (listing fee) + $25.00 (Ebay final value fee) for a total of $26.50.

To your selling fees, you must add money vehicle fees.  PayPal is a money vehicle, in place to make it easy to move money, through cyberspace, at the click of a button.  However, it costs money to move money.  PayPal appears to charge about 5% per transaction.  And, that five percent will be applied to the cost of the bicycle plus the cost to ship the bicycle.  Let's look at how that adds up...

PayPal will charge the seller roughly five percent on the price of the bike ($500.00) + the cost to ship ($150.00 average) which will equal  $650.00.  Five percent of that will be roughly $32.50.  And that number must be added to the cost to sell the bike for a grand handling total of $26.50 + $32.50 = $59.00.

Don't go away, the handling costs are not complete, yet.  In addition to the costs of selling on-line and moving money through cyber space, the seller must also acquire a bicycle box, packing tape, tie wraps, and other smaller, but cost involving, items that will, once again, run the cost to sell up.

So, to the person selling a bicycle, be it in person or on-line, be prepared for some addition costs, that drive the price of the bicycle up.  To the buyer, be aware that these costs exist and they are, often times, built into the price of the item being purchased.

And, for what it is worth, there is little opportunity to avoid many of the costs to sell and buy a vintage road bicycle, these days.

NEXT - WHAT IT'S WORTH CONCLUSIONS

 

 

 

 

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