What it cost to buy, fix, and sell a $20 bicycle

Kinja'd!!! "Akio Ohtori - RIP Oppo" (akioohtori)
10/27/2020 at 16:46 • Filed to: Hooptie Bikes

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The “saga” of my $20 bike has come to a close. But before I launch into it... lets go with a brief summary. Back in June I decided to buy some air tools and a beat up Schwinn bike. The bike needed a ton of work and I decided it would be a fun project.

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It wasn’t, but I thought it had potential.

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Long story short, I ended up with q u ite a few bikes, determining the bike was too small for me and ended up with another old bike that fit better. Also another old Schwinn because I can stop buying bikes whenever I want to!

Anyway, with five total bicycles at a house with only two people, I knew I needed to sell one. While I like the Varsity, of the two old Schwinns I owned it was the worst . The World had better tires, more standard parts, better shifters, and I did a better job on the rebuild.

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So the varsity went up for sale.

But first I stripped it for parts!

Namely I removed the flat bars and replaced them with the factory drop bars that came with it. I opted to wrap the new bars with some perforated fake, brown leather bar tape to hopefully appeal to the type person who might want to buy this bike. I went ahead and added in some brown hoods for good measure too. I also removed the fenders so I could fit them to my World. Lastly I took off all the electrical stuff that came with it in case I want to us e it later.

Then I listed it for sale for $175 because why not?

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A man just came by and paid me $150 for it.

Total Cost

So how much did it cost me to get this old junker back on the road?

Initially, $153 plus the cost of the bike, which we’re calling $20.

Costs

Bike purchase: $20

Initial costs: $153

Trip Computer: $30

Bar tape: $12

Hoods: $12

But we also have to get credit some of the parts I saved!

Credits

Flatbar: $16

Grips: $11

Fenders: $ 25*

Brake levers: $5*

Generator: $0

Lights: $0

Sale Price: $150

*Unknown or subjective value so valuing at 1/2 replacement cost

Grand Total: -$20

All in, the bike cost me $20 to own. Honestly I’m pretty happy with that and hope the bike goes to a good home.

TERRIBLE photo of the doggos, for your time.

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DISCUSSION (7)


Kinja'd!!! ttyymmnn > Akio Ohtori - RIP Oppo
10/27/2020 at 16:58

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Kinja'd!!! Akio Ohtori - RIP Oppo > ttyymmnn
10/27/2020 at 17:00

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Kinja'd!!! Out, but with a W - has found the answer > Akio Ohtori - RIP Oppo
10/27/2020 at 17:14

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Anyway, with five total bicycles at a house with only two people, I knew I needed to sell one.

Let me introduce you to our lord and savior Rule #12 .

Lovely work by the way, always fun to get your money out of a project.


Kinja'd!!! Future next gen S2000 owner > Akio Ohtori - RIP Oppo
10/27/2020 at 17:26

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This is a pretty good outcome for a story that starts out with being a bit drunk on Craigslist.


Kinja'd!!! Nom De Plume > Future next gen S2000 owner
10/27/2020 at 17:37

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It was a learning experience that netted him plenty of chances to take out latent anger on people for despising him and his choices on the internet, LOL.


Kinja'd!!! Akio Ohtori - RIP Oppo > Out, but with a W - has found the answer
10/27/2020 at 18:40

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I agree with this equation for cars. My problem with bikes is they’re both very small but also difficult to store, paradoxically. Also they like to fall over a lot. Like all the time. For no reason.  But also I wasn’t riding this one and it seems unfair to fix a bunch of damage from neglect... and then neglect it haha.


Kinja'd!!! barnie > Out, but with a W - has found the answer
10/27/2020 at 19:26

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Bingo! In college lived in a big 5-bedroom house with a roommate. 23 bikes fit on the racks in the foyer and front room . My roomy did not ride...