Upway and local bike shops will determine a trade-in value for your bike using the Upway real-time pricing tool. This value can be applied to the cost of your next bike purchased at the participating store.
How Can I Trade In My Old Bike For Credit Toward a New One?
Written by: Nick Cowie | May 2, 2026 | Time to read: 5 min
If you are trying to sell a used bike, chances are, the funds from your current bike are going right into the purchase of a new one. These are the best ways to get credit for your used bicycle so you can buy your dream bike.
More about the Author: Nick Cowie
Nick is a writer with seven years of experience in the cycling industry. In his free time, he enjoys swimming, Jiu Jitsu, and spending time outdoors.
Unless you plan on never riding again, selling your bike usually means you’re planning to buy a new one. Selling for cash is great, but sometimes store credit can net you a better deal on your next bike than straight cash.
Your used bike will almost certainly not cover the cost of your new one, but it can still serve as a coupon with wheels. Use trade-in programs and store credit to your advantage to get a serious discount on your next bike.
👋 Welcome to Upway!
Upway is your top destination for buying and selling e-Bikes online. Discover your next e-Bike at up to 60% off retail prices, available in new or like-new condition.
Table of Contents
Selling your used bike to Upway
Upway is known for buying and refurbishing e-Bikes, but now we do the same for traditional bikes, too! Send us some information about your bike, and we will make a cash offer for it. Once the offer is accepted, we will help you ship it or arrange to pick it up. Once we have your bike, you will be paid quickly and safely.
- Cash in your account: When Upway buys a used bike, we release a payment within five days of receiving your used bike. Upway is a trusted company that securely deposits cash directly into your account. Get your money fast with Upway so you can put it toward your next bike.
- Bonus store credit: Selling your bike with Upway nets you more than cash. We also offer $150 in store credit if you buy your next bike with Upway. Take a look at our huge selection of certified pre-owned bikes and take advantage of a $150 discount on your next one.
Local bike shops
Stop by your local bike shop and let them know you have a used bike to sell. Some stores will pay cash, and others will let you trade it in or offer store credit. Bike trade-ins are one of the more convenient ways to flip your old bike into a new one, since it can all happen at once. Walk into the store with your old bike and out with a new one!
If you are hoping to purchase a new bike right away, finding a shop that offers store credit can be the way to go. Very often, the offered trade-in value will be significantly higher than a cash offer or the estimate of an evaluation tool like Bicycle Blue Book. This is because the shop wants to entice you to spend money at their store. Take advantage of the deal and get a big discount on your next bike!
💸 Want to sell your electric bike?
- In case you didn't know yet, you can sell your e-Bike to Upway and get your cash in 3 simple steps.
- Want an estimation -> It takes only 2 minutes to complete this form
Upway trade-in program
Over 200 bike shops in the United States have trade-in partnerships with Upway. The trade-in program makes it easy to find a new home for your old bike and get store credit at your local shop. Upway will refurbish your old bike, and you will get a nice deal on your new one. Here’s how the program works.
- Get a quote: Find a participating bike shop near you and bring in your used bike. The shop will use the Upway real-time pricing tool to analyze market trends and market demand for your bike. It will use the data to find a fair market value and make an offer.
- Get a deal: Once you accept the store’s offer, you will be able to apply the agreed-upon trade-in value toward the purchase of a new bike.
- Skip the hassle: There is no need to worry about haggling, meet-ups, or even shipping with the Upway trade-in program. You can simply sell your old bike and buy your new one at a discount in a single trip.
Frequently Asked Questions
Where can I get the best trade-in value?
Is store credit better than cash?
If you plan on using the money from the sale of your old bike to buy a new one, taking store credit is often a better deal since the store wants to be the one to sell you your new bike.
What is the Upway trade-in program?
Upway is partnered with over 200 bike shops around the United States. These stores will send your old bike to Upway to be refurbished, and you will receive store credit at the participating store.
Key Takeaways
- Upway can get you cash or credit: If you simply want cash, you can always take a cash offer from Upway. If you want to buy a new bike, we will give you store credit so you can get it at a discount.
- Find an Upway-partnered shop: There is a good chance that a bike shop in your area has a trade-in partnership with Upway. Get a fair offer on your bike and use that value in store credit to get a new bike the same day.
- A trade-in makes things easier: Trading in your bike takes away a lot of the hassle of selling. There is no need for shipping or talking to multiple prospective customers about a price. Just get your store credit and get on your new bike.
