Hello Marrissa Assessment is difficult. Economics 101-supply and demand. It's value is whatever the market will bear. I often ask the donor what he paid for it and how long ago. That gives me a basis. If he doesn't know, I try to source a price. If that is not feasible, I start asking myself what do I think about the bike. What is its condition? Features? Box store bike (low ball) bike shop bike (high ball). Nearly every bike is valued at least $50.00, unless it is a sidewalk bike or such. Some shops create an appraisal checklist. Then there is what your members want and don't want. For instance, I don't like BMX bikes, but I have a friend and he buys and sells old BMX all day long. I like portables like Moulton and Bike Friday. I'll buy those. You have to study what your community values. After the bikes are re-furbished, then I price according to time put in and cost of parts above the basis. Our rate of exchange for EAB is $8.00/hr for every hour of work given to the co-op. Angelo
From: Marissa Pherson marissapherson@gmail.com To: thethinktank@lists.bikecollectives.org Sent: Wednesday, June 6, 2012 12:25 PM Subject: [TheThinkTank] Assessing Value of Donated Bikes
Hi all,
I'm new to the list, from Columbus, IN's community bike co-op. We just launched a new website: www.bikeco-op.org
I come to you seeking any policies and procedures you may have in place at your local bike collective regarding determining the value of a bicycle. We have an Earn-a-Bike program and a shop bike program and would like to standardize the values.
At the moment, we don't have a checklist or chart to determine how much time an Earn-a-Biker needs to work to earn a donated Raleigh hybrid, or how much to suggest a donor provide for us to have that same Raleigh hybrid fixed up and ready to go.
Before re-inventing the wheel, I wanted to come to you all and get some input or some info on what is used elsewhere to keep bike values somewhat consistent.
Thanks in advance!
Marissa Pherson
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