Retrobikes will only get more expensive?

[legrandefromage]

Brompton report steel up by 40%, rubber up by 55%, transport costs up by 17%

That makes the FS pages here and on LGFSS a goldmine for anyone wanting cheaper bikes than buying new.

Speculation? Naivete?

 

[dbmtb]

Overoptimistic, say I.

But newer (as in can do the same as the current model) stuff may well command a better price on the second-hand market.

 

[legrandefromage]

maybe, but a well presented 'retrobike' will still look like a bike to the casual buyer or someone coming back into cycling as car / transport costs increase - nowt more comforting than finding the very Carrera Krakatoa you used to run as a yoof, all shiny and ready to commute.

 

[lewis1641]

it would be interesting to break down the retail price of an individual bike to see what costs are involved.

a big chunk will be profit (retailer's, importers and manufacturers)

some will be transport

vat/import duties

wages

raw materials

overheads

i suspect the increase in cost of raw materials wont affect the retail price to a huge degree

 

[one-eyed_jim]

The Bike to Work scheme still makes the purchase of a new bike very attractive for those who have access to it. One thing I have noticed is that the price of used, modern parts on the second hand market has risen as the weak pound makes new parts (cassettes, chains, derailleurs, etc.) less affordable.

Fuel costs may be rising again, but the global surplus of shipping capacity means that bulk freight costs are still far below their levels of a couple of years ago.

 

[mikee]

with costs going up the only non retrobike people interested in retrobikes
will be the pikey scum

 

[marin man]

You could be right lgf......last year feb spinergy rear wheel in vgc....ebay......64 english pounds

This year....last week.......spinergy rear wheel......113 english pounds......

almost double......or maybe it is my bids driving the prices up

 

[1988_Ben]

The Bike to Work scheme still makes the purchase of a new bike very attractive for those who have access to it. .

errrr, are you not aware of the changes that HMRC made to the 'Final Valuation Fee' in August last year ?

Basically, it's now hardly any different to a 0% interest hire-purchase scheme, now that any savings made by not paying tax on the monthly increments are effectively wiped out by the recently increased final payment. That is, unless you carry out a 48 month agreement, whereby the final payment is closer to what it always used to be (5%). You're better off getting a bargain and if you really can't afford it, see if you can get a finance deal to pay incremently.

The only people I've met who purchased something on a bike to work scheme were already cycling, and simply wanted a chance to save money on a bike. The main beneficiaries to all this are the shops who were suddenly able to sell bikes and bits for near £1k and the scheme providers who took their cut of the deal.

 

[1988_Ben]

I'm constantly amazed by how much eBayers are paying for absolute tat - like near to £100 for awful Falcon/Peugeot/Raleigh racing bikes with chromed steel bars, 'safety levers' white plastic saddles, usually rediculous 25" frames....oh of course, adding the words 'fixie ?' in the title gets certain people excited.

Maybe I'm just still bitter that a couple of years ago, I sold a full 531 racer, 105 groupset, '92 Chorus chainset, singlespeed (new KMC chain & Shimano BMX sprocket/freewheel), Rolls Saddle, quill 3TTT stem and bars (in gloss black), all in mint condition, and got £140 for it.

Anyhow, I do think the decent 'retro' stuff is potentially a good investment for the future and I commend anyone who has stocked their garage up with old Campag/Italian/British/Californian/Japanese nice stuff - even if their wives disagree !

 

[Andy B]

Not strictly true 1988_Ben

You do still save a decent amount with the cyclescheme

Here are the new clarified guidelines for final valuation

If your voucher was less than £500 then you can pay 3% refundable deposit if it was over £500 you pay a 7% refundable deposit and can continue to use the bicycle for up to 36 months.

There are no further salary sacrifice payments or hire charges due during the extended use period

When the extended use period is over then employees will have the option to return the bicycle and receive a refund of their deposit. No further action or payment is required if they wish to keep the bicycle.

Here is what you could save with the new clarification on a £1000 bike & 20% tax rate.

I firmly believe that the new rules been created as many cyclist took the piss with the system and ordered groupsets, frames and other items that were not in the spirit of the scheme.

The LBS doesn't get a great deal from the cyclescheme as they have to pay a 10% fee.

We also provide bikes on a scheme for the NHS, we have to pay 12% on that.