Why are road and TT bikes so expensive?
#1
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Why are road and TT bikes so expensive?
I have a couple of road bikes and a triathlon bike so I know how expensive my bikes are, and how expensive bikes can be. My road bikes are on the relatively cheaper end (2018 Specialized Roubaix Sport and a 2020 Specialized Roubaix Comp), each were less than $3000. My tri bike (2018 Cervelo P3 with Enve wheels...much more expensive).
I'm just curious on what bikes you have (I'm assuming we all have more than one bike because it's 'necessary' right?) and what you paid for them (if you want to divulge that), AND if you think that was too much.
I also made a video which goes into the expenses for making high-end bikes, you can view here if you like:
I'm just curious on what bikes you have (I'm assuming we all have more than one bike because it's 'necessary' right?) and what you paid for them (if you want to divulge that), AND if you think that was too much.
I also made a video which goes into the expenses for making high-end bikes, you can view here if you like:
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#2
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If you take high-end bike prices from old catalogs and stick 'em into an inflation calculator you'll find relative pricing is unchanged. FWIW.
Personally, mine are always used, usually old, and pretty inexpensive as a result.
Personally, mine are always used, usually old, and pretty inexpensive as a result.
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A race bike in any era is a highly personal choice that at its "best" balances the requirements of fit, weight, handling, durability and cost tempered by the willingness to toss it and oneself down the pavement at considerable speed. ~Bandera
A race bike in any era is a highly personal choice that at its "best" balances the requirements of fit, weight, handling, durability and cost tempered by the willingness to toss it and oneself down the pavement at considerable speed. ~Bandera
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I tried, but I couldn't make it halfway through the video. Honestly, if your perspective is that $3000 is a low-end bike, and you have so many expensive bikes that you're using an expensive TT bike as a trainer, the whole exercise seems like a chance for you to brag about the cost of your toys.
This is quickly going to degenerate into one of those "what's the right amount to spend on a bike" threads, AKA "snob vs. slob".
This is quickly going to degenerate into one of those "what's the right amount to spend on a bike" threads, AKA "snob vs. slob".
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They don't have to be that expensive though.
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Funny, from my perspective it seems that MTBs are expensive if you go from comparable levels. Probably because they're more mechanically complicated.
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#6
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If you think road bikes are expensive, try pricing a full suspension mountain bike. $3k is literally the entry level suspension bike from a major manufacturer. Mid-tier full suspension bikes $5-7k.
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I have a couple of road bikes and a triathlon bike so I know how expensive my bikes are, and how expensive bikes can be. My road bikes are on the relatively cheaper end (2018 Specialized Roubaix Sport and a 2020 Specialized Roubaix Comp), each were less than $3000. My tri bike (2018 Cervelo P3 with Enve wheels...much more expensive).
I'm just curious on what bikes you have (I'm assuming we all have more than one bike because it's 'necessary' right?) and what you paid for them (if you want to divulge that), AND if you think that was too much.
I'm just curious on what bikes you have (I'm assuming we all have more than one bike because it's 'necessary' right?) and what you paid for them (if you want to divulge that), AND if you think that was too much.
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My first "real" road racing bike was a 1988 Specialized Sirrus that cost $449. That was less than 2 weeks pay for the job I had at the time. When I last had a subscription to Bicycling magazine I couldn't believe they were touting entry level road bikes costing $2,000+ as affordable. I check local Craigslist every day and can't believe people are trying to sell used road and mountain bikes for over $3,000.
Bicycles have never really been a financial investment, but these days they are really not a wise thing to spend thousands of dollars on if a person is remotely concerned with resale value.
Bicycles have never really been a financial investment, but these days they are really not a wise thing to spend thousands of dollars on if a person is remotely concerned with resale value.
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My first "real" road racing bike was a 1988 Specialized Sirrus that cost $449. That was less than 2 weeks pay for the job I had at the time. When I last had a subscription to Bicycling magazine I couldn't believe they were touting entry level road bikes costing $2,000+ as affordable. I check local Craigslist every day and can't believe people are trying to sell used road and mountain bikes for over $3,000.
Bicycles have never really been a financial investment, but these days they are really not a wise thing to spend thousands of dollars on if a person is remotely concerned with resale value.
Bicycles have never really been a financial investment, but these days they are really not a wise thing to spend thousands of dollars on if a person is remotely concerned with resale value.
As for the $2000+ bikes being "affordable", well, they might be twice as expensive as the entry-level bikes, but they are not so expensive that only the super-wealthy can afford them. Hence, they are affordable for many people. And when you factor in an easy financing option like Affirm and similar companies that give decent interest rates, that $2000+ price tag becomes even more affordable.
Nobody in their right mind ever considers the resale value of their bicycle, so that point is completely irrelevant. The only people concerned with re-selling bikes are hustlers trying to "flip" bikes on ebay and Craigslist.
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From the inflation calculator $449 USD in 1988 equates to $986.50 USD in 2020. That's sounds about right for an entry-level road bike with cheap components. You could probably find such a bike at REI or similar sporting goods stores.
As for the $2000+ bikes being "affordable", well, they might be twice as expensive as the entry-level bikes, but they are not so expensive that only the super-wealthy can afford them. Hence, they are affordable for many people. And when you factor in an easy financing option like Affirm and similar companies that give decent interest rates, that $2000+ price tag becomes even more affordable.
Nobody in their right mind ever considers the resale value of their bicycle, so that point is completely irrelevant. The only people concerned with re-selling bikes are hustlers trying to "flip" bikes on ebay and Craigslist.
As for the $2000+ bikes being "affordable", well, they might be twice as expensive as the entry-level bikes, but they are not so expensive that only the super-wealthy can afford them. Hence, they are affordable for many people. And when you factor in an easy financing option like Affirm and similar companies that give decent interest rates, that $2000+ price tag becomes even more affordable.
Nobody in their right mind ever considers the resale value of their bicycle, so that point is completely irrelevant. The only people concerned with re-selling bikes are hustlers trying to "flip" bikes on ebay and Craigslist.
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No one said anything about "needing" financing, I said it is an option that makes a $2000+ bicycle more affordable. You might be in the privileged position of being able to lay out $2000+ frivolously, but many people prefer to keep their cash and amortize the cost of a purchase in that price range. And with interest rates being as good as they are, it makes a lot of sense to do so, especially if you can pay back the borrowed money faster than scheduled. It might not be your cup of tea, but it's still a good option for many, many people.
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No one said anything about "needing" financing, I said it is an option that makes a $2000+ bicycle more affordable. You might be in the privileged position of being able to lay out $2000+ frivolously, but many people prefer to keep their cash and amortize the cost of a purchase in that price range. And with interest rates being as good as they are, it makes a lot of sense to do so, especially if you can pay back the borrowed money faster than scheduled. It might not be your cup of tea, but it's still a good option for many, many people.
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That's a silly, semantical argument. If someone doesn't have the cash to buy a big-ticket item today, but they can buy it with financing today, then the item was made affordable because of financing.
#17
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Given how our financial markets work, being able to spread payments out into the future at no interest generally does make something more affordable. And not just in the sense that you can buy something before you would otherwise have adequate liquidity. Even if you have cash in hand to buy something now, you'll nearly always end up richer in the long run if you dump the money into reasonably-safe investments and then pay the cost of the item later.
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Given how our financial markets work, being able to spread payments out into the future at no interest generally does make something more affordable. And not just in the sense that you can buy something before you would otherwise have adequate liquidity. Even if you have cash in hand to buy something now, you'll nearly always end up richer in the long run if you dump the money into reasonably-safe investments and then pay the cost of the item later.
And by the way: that's not semantics. It's just economics.
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#19
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That only means that it's not more affordable than not making the purchase at all. If you profit off of those alternative investments, the purchase is still more affordable than having spent an equal amount of cash up-front.
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But if you are arguing that somehow a new bike (or new anything) costs you less if you finance it, you've lost me. Even if you can invest your lump sum and earn a higher rate than you are paying on the loan, you are spending money and incurring an opportunity cost.
#21
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My impression is that the scenario being discussed is a 0% loan of X dollars versus an up-front payment of X dollars. In the former case, if the money that you didn't pay up-front ends up making money in an investment while the loan is being paid off, you end up with more money than in the latter case. There's no "opportunity cost" compared with the latter case, since you didn't have any opportunity in the latter case: the money is all gone right from the start.
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Trek Emonda SLR9 - $11,999 https://www.trekbikes.com/us/en_US/b...e=bluedark_red
Honda CRF450R - $9,599 https://powersports.honda.com/off-ro...tition/crf450r
Some bikes are way overpriced. There is no way the cost of R&D plus manufacturing of a bicycle is more than a state of the art motocross bike.
Honda CRF450R - $9,599 https://powersports.honda.com/off-ro...tition/crf450r
Some bikes are way overpriced. There is no way the cost of R&D plus manufacturing of a bicycle is more than a state of the art motocross bike.
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My impression is that the scenario being discussed is a 0% loan of X dollars versus an up-front payment of X dollars. In the former case, if the money that you didn't pay up-front ends up making money in an investment while the loan is being paid off, you end up with more money than in the latter case. There's no "opportunity cost" compared with the latter case, since you didn't have any opportunity in the latter case: the money is all gone right from the start.
Now, in your scenario: Sure, that is exactly the outcome of my new car purchase example. However, the purchase did not make me money - the purchase did not make me a profit. That still entailed spending money that would have otherwise been in an investment fund earning a nice return. I made a nice return by financing the car, but (theoretically) I could've made a similar return by just skipping the car, borrowing money (say, through a HELOC, which had pretty low interest back then, or from one of the million offers I got to write a check, made out to myself, on a credit card at 0% interest for a couple years), and putting the loan proceeds into my investments. Bottom line: spending money on anything takes it away from other uses, and that entails opportunity cost. I didn't make that rule - it just is.
#25
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This is all that I was ever responding to.