14 Best Places to Sell Your Used Bike for Cash

Do you have an old bicycle that you no longer need? 

If you’re clearing out the garage, you might need to make some extra room. There’s no point keeping a bicycle hanging around if you know you’re not going to ride it. There are several ways to exchange your old bicycle for some money. However, it is important to check out the different options to make sure you get the best deal possible.

 So, let’s take a look at the 14 best places to sell your used bike for cash.

14 Best Places to Sell Your Used Bike for Cash

1 The Pro’s Closet 

One of the great things about this website is that you can sell the whole bicycle or just the parts. If parts of the bicycle are in poor condition, you can simply list the wheels or frame. It only takes a couple of minutes to submit your bicycle for sale and create the listing.

You need to upload a couple of photos of your bicycle along with some basic details. You will then receive a quote from the company within 24 hours and can accept or reject the quote. If you decide to go ahead, you will then receive a free shipping label that covers the full cost of shipping.

You can sell or exchange…

Your bicycle will be inspected carefully before the payment is finalized. While the company offers several payment methods, you can request a cash transfer if you want. Alternatively, you can choose to trade your bicycle and receive credit toward another model. Using The Pro’s Closet is perhaps the quickest and easiest way of getting rid of your old bicycle. 

2 Goodbye Cycle 

This company only purchases high-end bicycles, so you need to ensure that your model makes the grade. Simply head on over to the Goodbye Cycle website and fill out the online form. You need to provide as much information as possible about your unwanted bicycle.

You will receive an offer from the company within 24 hours and can then choose a shipping option. You need to pack up your bicycle and pay the shipping costs yourself. You will then receive payment via check or PayPal. 

How can I ship the bicycle?

If you choose $49 FedEx Ground shipping, you will need to measure the dimensions and weight of your box to receive the appropriate shipping label. You then need to drop the package off at an authorized FedEx location. If you can’t take the package, you can choose $59 FedEx Ground shipping. You can then schedule a collection at the most convenient time. 

3 Bike Exchange 

You can use this website to list your bicycle for sale. The listing fee will depend on the amount you want to sell your bicycle for. On average, you can expect to pay between $9.95 and $29.95 to list it.

Once posted, your listing will remain on the Bike Exchange website for sixty days. If you don’t make a sale, you can renew it for half the original fee, change it as many times as you want and receive weekly performance reports for no extra charge.

 The buyer pays for shipping…

If you make a sale, you can charge the buyer the shipping cost. This also allows the buyer to choose how they want the bicycle to be sent to them. You will receive payment once the sale is complete and has been confirmed. 

4 Pink Bike 

This online community is a great place to find advice and tips on how to make sales. In addition to selling your complete bicycle, you can use Pink Bike to sell parts. This includes seat posts, saddles, frames, and any gear you may have. 

There are more than 70,000 members of Pink Bike, and you are sure to have some members in your area. This makes it easy to connect with customers who have an interest in cycling and are knowledgeable about bicycles. This generally means that the offers you receive will be fairly reasonable.

 No listing fee…

You can create and post a listing free of charge. All you need to do is sign up to become a member and click on the Post Ad tab. You will be guided through the process so that you can create a detailed and eye-catching listing. Once you have found a serious buyer, it’s important to clarify all the details. This includes confirming who is responsible for paying for shipping and how and when payment will be made. 

5 Bicycle Blue Book 

You can connect with thousands of potential buyers when you post a listing on this website. However, you can also choose the instant payout option and sell your bicycle directly to the company. If you’re in the market for a new ride, the trade-in option allows you to make an exchange.

It is important to note that sellers are usually responsible for paying the shipping costs. Depending on the size and weight of your bicycle, it is likely to cost between $85 and $150. However, you can also set up your account to make the buyer pay instead.

6 Cycle Exchange

Next, on my rundown of the 15 Best Places to Sell Your Used Bike for Cash, if you want to sell a top-of-the-line bicycle, Cycle Exchange could be the perfect place. The company purchases used bicycles directly from sellers and refurbish and services them. Cycle Exchange then resells the bicycles along with a full warranty.

Types of items they purchase include:

Although you will be responsible for shipping the bicycle, Cycle Exchange provides a ready-made box. This includes a shipping label and all the necessary packing materials. After your bicycle has been inspected, payment is made by the Swedish payment service provider Klarna.

7 OfferUp

This online platform also comes with a handy app so that you can create listings while on the go. This makes it easy to interact with sellers and answer any questions they may have. OfferUp does not charge listing fees, so you won’t be out of pocket if you don’t make a sale. 

All you need to do is upload photos of your bicycle and write a description. The more detailed the description is, the more likely you are to make a sale. You can connect with local buyers via the app and meet them in person to negotiate. This saves you from having to pay shipping fees, and the company offers pre-approved meeting places.

There is a fee if you make a sale…

However, you can still choose to use the online portal to make sales if you prefer. If you choose this option, you will be charged a fee once the sale is made. This is usually 12.9% of the total price you have set for your bicycle. 

8 Craigslist

This is a good place to sell unwanted items in your area. One of the great things about Craigslist is that it is free to list your items. You won’t even have to pay a commission once the sale has been made. 

All people who use this platform are anonymous until they choose to exchange contact details. While this can be a blessing, you need to proceed with caution. Make sure you get the contact details of a buyer before shipping a bicycle to them. Making the buyer responsible for the shipping costs is a good way to discourage scammers. 

9 5miles 

If you’re clearing out your garage, you can post a wide range of items for sale on 5miles. This website allows you to divide and post your things in multiple categories. As a bonus, you will not be charged a fee for listing your bicycle for sale.

You can also choose the price you want to sell your bicycle for. When searching, buyers can set the number of miles they are willing to travel to make a purchase. This allows you to meet them in person and saves you the hassle of shipping your bicycle. 

10 BikeSoup 

BikeSoup is a worldwide marketplace dedicated solely to bicycles, bicycle parts, and gear. You need to pay $3 to list your bicycle for sale on BikeSoup. However, you will instantly be connected with a huge number of potential customers.

Members of BikeSoup can reach out to you and place offers. It’s important to take the time to interact with potential buyers and answer their questions. The better your customer service skills are, the more money you stand to make.

Paying for the shipping box is worth it!

Once you have made a sale, the BikeSoup team will provide you with everything you need to ship it. You will receive a reusable bike box that is filled with styrene blocks, cable ties, and box tape. The box also includes foam piping to protect the bicycle frame and polyurethane bags to protect the wheels. 

Although you have to pay $50 to receive the shipping box, this is a very simple and affordable solution. You will also receive shipping labels and up to $650 of insurance. This provides peace of mind when you are shipping your bicycle to an unknown buyer. 

11 eBay 

This popular auction website connects you with millions of potential buyers across the United States. This means that the chances of making a sale are very high. However, a huge number of sellers also use eBay, and you need to make sure your bicycle is competitively priced.

You have the freedom to set your own price or put it up for auction. It’s worth investigating the two options and seeing which one you prefer. You can list up to fifty items for free and will pay a 10% commission when you make a sale. 

12 Play It Again Sports 

If you don’t feel like dealing with unknown buyers, you can sell your bicycle to Play It Again Sports. You simply need to take it to your nearest store and have it reviewed by an employee. A price will be set based on the condition and the projected demand for it.

If Play It Again Sports makes you an offer, you will be paid on the spot. This saves you the time and trouble of negotiating with potential buyers. Therefore, it’s worth seeing if you have a store near you and reaching out. 

Local used Sporting Goods stores

It’s worth checking out the stores in your area that sell used bicycles. Make sure you call ahead to save yourself a little time and trouble. If you get a nibble, enquire how much you are likely to receive.

This saves you from having to create a listing and wait around to get paid. Although local shops are likely to pay a bit less, you will get the money on the spot. You may also be able to turn on the charm and drive the price up a little. 

13 SidelineSwap 

It’s free to list your bicycle for sale on this platform, and you can set your own price. It allows you to list a wide range of different types of bicycles for sale. This includes road bicycles, BMX bicycles, and downhill bicycles. SidelineSwap also boasts a useful guide that helps you to set the right price.

Once a sale has been made, you will be provided with a prepaid shipping label. You will be charged a 12% seller’s fee on the first five sales that you make and a 3% payment processing fee. After this, the seller’s fee is reduced to 9%. However, the buyer is responsible for paying the shipping cost. You can also make an exchange in person if you live close to the buyer. 

14 Facebook Marketplace

This is another online platform that connects you to a huge number of potential buyers. If you are already a Facebook user, it’s worth checking out this feature. You will be able to see items that are for sale within a specified parameter.

The good thing about this platform is that there are no listing or commission fees to pay. You are free to set your own price and can communicate directly with potential buyers. You can sell as many items as you want without ever paying a dime. 

Tips On How To Sell 

If you are ready to sell your bicycle, you will want the process to be as quick and easy as possible. Waiting several weeks or even months to make a sale is sure to be a waste of your time. Here are some ways to speed up the process and get the best price possible.  

Clean and Service Your Bicycle

You need to make sure that your bicycle is in the best condition possible before listing it for sale. Take the time to thoroughly clean and oil all the parts of your bicycle. Making any necessary minor repairs will help you command a higher retail price. 

Take Excellent Photographs

Most platforms require you to submit at least a couple of photographs of your bicycle. You need to take the time to work on your photography skills to make your images as detailed and compelling as possible. Include close-ups that make your bicycle stand out from the crowd. 

 

Create a Compelling Listing

The listing is basically your sales pitch and should inspire people to want to buy your bicycle. You need to include all the most important details, including the model, year, and color. It’s also important to be honest about the condition of your bicycle so that you don’t mislead people.

Set a Realistic Price

It is important to make sure the price you are asking for is competitive. Although you naturally want to make as much as possible, avoid setting the price too high. If you do this, it’s unlikely that anyone will want to purchase your bicycle. Take a look at the asking prices for similar used models and use this to guide you.

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Final Thoughts

If your old bicycle is lying around gathering dust, selling it might be the best option. Before you go ahead, you want to make sure you receive as much money as possible. Doing a little research will help to make sure you maximize your earning potential.

It’s a good idea to have a look at how much other people are selling similar models for. Reach out to a few companies and potential buyers and see what they are willing to offer. Cleaning and servicing your bicycle before posting photos will also help you to command a higher asking price.

Have fun making that extra cash!