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4 questions to answer before selling your kid's old bike
Do you have a kids bike lying unused in your shed or garage? One that has been passed down through every member of the family and is now too small to be ridden? Are you considering selling your kids old bike on and making a bit of cash for the next size up?
If the answer is a resounding 'yes' then read on! We have four questions for you to ask yourself (and answer!) before you sell your kids old bike when they've outgrown it, plus to make sure you get the most money back.
Q1: Is the bike in a good enough condition to sell on?
Here at Cycle Sprog we always advise on buying good quality kids bikes. One of the many reasons we do this is that once a quality bike has been used by all the kids in the family, it should retain a good percentage of the purchase price come resale time.
On first appearances the bike may look a state - filthy dirty with mud and stains, plus some scratches on the frame. Nobody in their right mind would want to part with their hard-earned cash for that would they????
Well, as a matter of fact - yes they probably would - after it's been cleaned up a bit! Some brands, such as Islabikes, are in such demand that a good used specimen can sell for over 70% of the original purchase price.
However, if you've bought a cheaper kids bike you need to be realistic about whether you can transform a rust covered bike into something worth selling on.
If the bike isn't in a fit state to sell on, please don't send it to land fill. There are lots of charities out there that may be able to use it, either as a donor bike to give another bike a lease of life, or for training projects. From time to time retailers have deals where they give money off new bikes if any old bike is traded in. At the time of writing Evans Cycles were running such a scheme.
Q2: What bike maintenance do I need to do before I sell it on?
The more maintenance you can do before selling your kids old bike, the more money you're likely to make. If you want to achieve top money for the bike then it needs to be in top condition. If you don't want to go to the expense of getting it into this condition then make the faults very clear when you're selling. That way the person looking to buy can budget accordingly and offer what they think it is worth to them. Be extra vigilant in making clear any faults that could affect safety, such as with the brakes or gears.
Check out the Cycle Sprog guide to preparing your kids bike for resale for further details on how to get a used bike into the best condition for sale.
Q3: Where is the best place to advertise a used kids bike?
There are lots of options for where to sell a used bike from the For Sale board at your local supermarket, through to online market places such as Ebay and Preloved. There are also a couple of Facebook Groups for selling on old Islabikes and Frog Bikes.
Which will give you the best return will depend on a number of factors, such as your location, type of bike being sold and how happy you are using different on-line selling methods.
Check out our Guide to the Best place to sell a second hand kids bike to find out which suits you best. If you decide to sell on Ebay, then our guide on how to sell your kids bike on Ebay will help you get the possible price.
Q4: How much is my kids old bike worth?
The best way to get an idea of the value of a second hand kids bike is to do a quick search on ebay and Preloved of completed sales for the same bike. Look at the prices achieved for similar quality bikes, and note whether these were collection only or posted out.
Be realistic with your pricing when you're selling your kids old bike. Even with a quality kids bike, prices will vary depending on condition. If your child has been taking part in cyclocross races every weekend for 3 years, or the bike has been stored outside all winter, you're not going to get as much for a bike as one that's been taken up and down a cycle path several times during the summer months.
4 questions to ask before selling your child's old bike
Before you start selling your kids old bike, remember to ask yourself the following four questions:
- Is the bike in a good enough condition to sell on?
- What maintenance do I need to do?
- Where is the best place to advertise the bike?
- What is the bike worth?
Next steps: selling your kids old bike
If you've decided that the 'too small' bike taking up precious space is worth a few pounds, you'll want to check out these other articles:
How to prepare your kids bike for resale
Find the best place to sell your kid's old bike
Disclosure: This post contains some links that use affiliate marketing. This means we get a very small commission if you make a purchase, which helps us keep Cycle Sprog going. Thanks for your support!
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