06-08-12, 05:24 PM
Due to a number of factors I think there's no better time to buy a bike for cash than right now, unfortunately for those same reasons it means there's no worse time to sell one.
It's holiday season and many are away, while those that aren't are likely skint having just come back. The Olympics are to some degree keeping a few people occupied and away from their computer, and the spectre of Christmas looms as the next 'big spend' on the horizon after the holiday season. Add to that the general economic (and literal) climate and what you have are some very savvy buyers out there wanting the most for their cash - and with plenty bikes to choose from.
People who would normally splash out on a whim for a bike in the 2- 4k bracket (as those tend to be the bikes bought for cash) are dwindling. Over that figure your usually talking finance deals or bank loans. So in short those with cash are holding on to it, and those without are managing with what they have rather than take on more debt. If you sell now you must be prepared to take a hit, and a bike you rightly value at £2150 is likely to sell for just £1850.
Sell it next March when everyone is optimistically dreaming of the great summer rides to come (yeah right!) and you'll get your £2150
It's holiday season and many are away, while those that aren't are likely skint having just come back. The Olympics are to some degree keeping a few people occupied and away from their computer, and the spectre of Christmas looms as the next 'big spend' on the horizon after the holiday season. Add to that the general economic (and literal) climate and what you have are some very savvy buyers out there wanting the most for their cash - and with plenty bikes to choose from.
People who would normally splash out on a whim for a bike in the 2- 4k bracket (as those tend to be the bikes bought for cash) are dwindling. Over that figure your usually talking finance deals or bank loans. So in short those with cash are holding on to it, and those without are managing with what they have rather than take on more debt. If you sell now you must be prepared to take a hit, and a bike you rightly value at £2150 is likely to sell for just £1850.
Sell it next March when everyone is optimistically dreaming of the great summer rides to come (yeah right!) and you'll get your £2150