I've basically compiled an enormous list of bikes that I would like to purchase over the last couple of weeks, and I have consistently compared them to their blue book value, taking into account any significant modifications or damage, and I have realized that one of two things is going on.
1.) KBB values are completely wrong.
2.) Bike sellers, (particularly on this forum) greatly over-price their bikes.
So, in my search it was common to see completely stock bikes that were priced $2k OVER their suggested blue book values. Keep in mind that the "Suggested Retail Value assumes that the unit has been fully reconditioned and is in excellent condition." and that the "final sale price will likely be less."
What do you guys think? When you're looking at a used bike, do you take the blue book value into account? And if not, how do you find your price point?
info from www.kbb.com