We accept all electric bikes manufactured after 2014. However, we only accept certain brands with certified Lithium-Ion batteries for both quality and safety reasons. Your bike must not show any structural damage (e.g., cracked frame). You must have the battery, its charger, and any keys (battery or frame lock) in your possession.
How Much Can I Sell My E-Bike For?
Written by: Rémy Rossi | February 5, 2024 | Time to read 5 min
Wondering how much your used electric bike could be worth? I’ll clue you in on some insider stats and how Upway makes it super easy to sell.
More about the Author: Remy Rossi
Rémy Rossi is a bike writer, mechanic, and educator who got his start in community-based bike shops and co-ops. With a decade in the industry, he still wrenches on bikes when he can and plays bike polo on a fixie.
In this post-capitalist landscape we call home, it can be tempting to buy shiny new products and forget about second-hand and rejuvenated things. The used bike market, however, seems to have some serious sticking power, offering a win-win to cyclists and more sustainable economics. The latest evolution has introduced new and used e-Bike marketplaces like Upway where riders can buy and sell electric bikes at a huge discount.
But how much can I get when selling an electric bike? I can’t give you an exact price right off the bat, but I’ll explain how Upway makes competitive offers to individuals like you.
👋 Interested about Upway?
Upway is your go destination for buying and selling e-Bikes online. Explore a wide selection of e-Bikes, both new and like-new, at up to 60% off retail prices.
How to sell your bike to Upway?
Follow these simple steps to sell your e-Bike and get cash!
Tell Us About Your Bike: Fill out this quick form with key details, including the brand, model year, and condition of your e-Bike.
Get an Offer: Our team will assess your submission and provide a competitive offer within 48 hours. You’ll have 14 days to decide— no rush, no pressure.
Hassle-Free Shipping: We’ll send you a bike box and coordinate a free pickup at your convenience. No need to worry about shipping logistics— we take care of it all.
Fast & Secure Payment: Once your e-Bike is on its way, we’ll process your payment and deposit it into your bank account within five business days. Plus, enjoy a $150 promo code toward your next affordable electric bike purchase with Upway!
Value of used electric bikes
Depreciation is far from a seller’s favorite word, but it’s a fact of life. Items for sale have different rates of depreciation and things like new cars can drop significantly in value mere seconds after you drive it off the lot.
The competitiveness of the used bike market means buyers can get excellent deals (hint: Upway!) but sellers won’t be able to pocket amounts close to the original retail price of their e-Bike. This is different from, say, the premium watch market where used Rolexes score higher than the original price from the dealer. But that’s a whole different story— and I think bicycles are much cooler than any wrist bling anyway.
Some experienced bike resellers report being able to sell a used bike for around 50% of the retail price, and that’s often an upper limit. If you want to sell faster or the bike has seen significant use, the final sale price is probably going to be lower.
That benchmark could be a starting point if you choose to post the item on public marketplaces where to sell bikes like eBay, Facebook Marketplace, or Buycycle. But selling your bike with Upway is faster and easier— you’ll get a competitive offer within 48 hours and we take care of the shipping!
How much can I sell my e-Bike for?
But let’s take a closer look at what’s involved in that offer from Upway. After all, money matters and you want to be sure you’re getting a good deal for your second-hand electric bike.
We’ve seen a lot of electric bikes over the years and Upway has bought tons of e-Bikes from individual sellers. We also source e-Bikes directly from top brands and bike shops. I asked the team to dive into the numbers and I learned that the all-time average price offered to individual sellers is usually around 34% of the retail price, but it can range widely from 15% to 70%.
Now, that’s a huge range— but it makes sense considering the many factors that determine the final offer price. There’s also the time and money Upway will invest in the e-Bike during the thorough 50-point inspection and professional certification process.
For brands that Upway and its customers particularly value— such as Aventon, Tern, and others— the percentage is often around 50-60% or even higher. We know those bestselling models inside and out and their high-quality construction translates to a higher resale value. But to find out more, fill out the selling form and receive your offer within 48 hours!
The final offer price depends on the following factors:
- Current demand for the specific brand and model: Certain brands and models are more popular than others and this can change throughout the year depending on the season.
- Bike age: Just like used cars, e-Bikes lose value as they get older. Premium brands have longer-lasting components and maintain value for longer.
- The extent of use: The whole point of a bike is to ride it. A well-loved bike is what we love to see, but excessive wear or damage will lower the value.
- Bike condition: Better condition means a higher estimated value. There are never-ridden, pre-owned, and used electric bikes available on Upway.
- Additional factors: Things like mileage, seasonality, and reconditioning costs are also factored into the equation when determining the value of a used e-Bike.
Frequently Asked Questions
What are Upway's acceptance criteria?
How are prices determined?
Our offer price is based on the retail value of your bike, its mileage, and market factors such as demand and seasonality for your model. We also factor in our own reconditioning costs so that the future owner can enjoy a bike in perfect condition, with a one-year warranty.
Key Takeways
Fast & Hassle-Free Selling: Get an offer in 48 hours, free shipping, and payment within 5 days, plus a $150 promo code for your next bike.
Offer Factors: Price depends on brand, condition, mileage, demand, and reconditioning costs. Bikes must be 2014 or newer with a certified Lithium-Ion battery and no structural damage.
