Originally Posted by
TakingMyTime
You have to remember, you're buying a late model bike from a private party and any warranty if out the door, you're on your own.
I think this is the salient point here. The bike isn't worth MSRP of a new bike, even if the guy quite literally took it home and put it in a closet without riding it a single mile. This is because
he received the value of the LBS incentives (rewards points, lifetime tune-ups, whatever else they might do) and
he received the value of the lifetime frame warranty from Trek, which applies only to the original owner. As a second owner, you receive none of that value. So you have to weigh what you'd pay for a new one, including those benefits, with what you think you'd spend on a used one.