Buybacks PDF Print E-mail
Written by Mike   
Thursday, 29 April 2010 16:00

So here's the deal. The GBP always needs bikes. We get bikes from auctions, garage sales, donations, trades, and even find a few in trash piles but it's not enough. We need your old bikes and we're willing to pay for it! If you have a used bike you need to get rid of or if you just need the cash, we'll buy it!

 

That said, we still need to keep the shop open. That means we pay based on condition, mechanical functionality, initial value, and repair cost. We generally hold to the following price scheme for all the bikes we buy.

 

1) We value your bike. If you bought it from us, your purchase price is the value. If you didn't then we estimate what WE will sell it for in the shop.

2) We subtract $30 from that price. This is the cost we must recover from each bike to pay the rent and keep the lights on.

3) We subtract $15 from that price to cover the cost of a complete tune up. If you bought the bike from us this fee is waived.

4) We subtract the cost of repairing the bike if repairs are deemed necessary (if you have been riding this bike, this usually isn't necessary).

 

We also sometimes run specials on buybacks so keep your eyes open and watch the blog!