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Only applies to essentials, not toys.What the OP is talking about is price gouging.
Only applies to essentials, not toys.What the OP is talking about is price gouging.
it seems there are people ordering multiple bikes online and reselling. if you were to do this with cars for example - there are several issues including license to be a dealer, taxes etc. if not complying - that would be illegal. i really dont know if any of this applies to private party scalper who is just trying to make some money reselling new bikesWhere do you live that you would even think that's a possibility?
It doesn't. You should see what goes on with sneakers, etc.it seems there are people ordering multiple bikes online and reselling. if you were to do this with cars for example - there are several issues including license to be a dealer, taxes etc. if not complying - that would be illegal. i really dont know if any of this applies to private party scalper who is just trying to make some money reselling new bikes
in talking to a friend about whether or not i should claim some income on my tax form, he suggested 'don't - they'll tell you if you're supposed to.'It doesn't. You should see what goes on with sneakers, etc.
Which of course has zero to do with things like bikes and sneakers.fwiw - very common for people to be acting as used car dealers w/o licensing, taxing etc.. the biggest hurdle is not getting caught of course. and that's pretty easy provided they never take legal title during their short ownership.
The market determines the price, not you.
Sellers have an obligation to not lie about what they are selling (i.e. year, spec, etc.) but that's it. There is no formula that says a used product must be X% of MSRP because XDi says so. Ever look at a used Porsche GT RS pricing, they are well above new MSRP.
I just sold a 2 year old Mondraker frame for approximately 30% of new cost, because that's what the market determined. If I could have gotten more in my timeline you better believe I would have.
Buy low, sell high.There is absolutely zero legal implication for someone buying a bunch of bikes at retail, marking them up, and then reselling them. Assholery, sure. But not illegal. The sneaker analogy is spot on. Sneaker resellers are nuts. All because there are lot of people who like to collect them, and the industry makes these limited release shoes to attract these folks.
generally speaking there are potential legal consequences in selling of practically anything at any time. i dont have any real issue with scalping and it seems relatively uncommon in the big picture. i would consider it to be more of a thing between scalper and gov and/or the manufacturer which may have some liability involved. not being an attorney specializing in this sort of thing, i wouldnt say, is why i didnt say. i do know that laws regarding scalping tickets for example vary from state to state and that used car sellers must become licensed asa dealer and obtain tax ID etc at anything greater than just a few transactions/year.any taxes owed for operating a business reselling items is a completely different issue. You have no way of knowing if someone is doing what they're supposed to do on that end or not. I've seen cities crack down on people who run perpetual garage sales, because they're effectively running a resale business without doing what they're supposed to do from a tax and permitting standpoint.
There is absolutely zero legal implication for someone buying a bunch of bikes at retail, marking them up, and then reselling them. Assholery, sure. But not illegal. The sneaker analogy is spot on. Sneaker resellers are nuts. All because there are lot of people who like to collect them, and the industry makes these limited release shoes to attract these folks.
in windsurf we buy high, sell low. it is the name of the game and just seems no way around it. even the pandemic hasnt changed our basic economic model. anyone caught price gouging would be laughed off the beachBuy low, sell high.
That's called smart in my book.
for bikes? wtf are the potential legal consequences for reselling bikes? if obtained legally, the only potential consequences are related to tax liability, business licenses, and that junk. But that isn't unique to this year, or to bicycles.generally speaking there are potential legal consequences in selling of practically anything at any time. i dont have any real issue with scalping and it seems relatively uncommon in the big picture. i would consider it to be more of a thing between scalper and gov and/or the manufacturer which may have some liability involved somewhere. not being an attorney specializing in this sort of thing, i wouldnt say, is why i didnt say. i do know that laws regarding scalping tickets for example vary from state to state and that used car 'dealers' must be licensed at anything greater than couple transactions/year.
in any case, i see scalping as being unsavory, but minor issue. the outright fraudulent offers and stolen bikes is probly more of an issue for anyone looking to used bike market
starting to seem like maybe something you 're interested in?for bikes? wtf are the potential legal consequences for reselling bikes? if obtained legally, the only potential consequences are related to tax liability, business licenses, and that junk. But that isn't unique to this year, or to bicycles.
bicycles aren't tickets. event tickets are a whole other thing. they're not a tangible item. they're a certificate that grants you admission to an event with limited attendance. they're also not cars with registration and licensing requirements.
Not sure if serious....or just obtuse.starting to seem like maybe something you 're interested in?
How to Become an Authorized Bicycle Dealer
Owners of small sport and bicycle shops can gain a considerable amount of credibility by becoming authorized bicycle dealers for well-known manufacturers. Being affiliated with major corporations of trusted brand name products can do wonders for improving your business reputation and...careertrend.com
i get it - times are tough, no toilet paper for a year, yada yada, do what you have to do, but i suggest try to find someone that actually knows because as i said the first time i mentioned the topic - i dont. mebbe call whatever brand it is you want to resell and ask them.Not sure if serious....or just obtuse.
That doesn't apply here. Resellers aren't buying from manufacturers and getting distributor accounts. They aren't offering warranties. Honestly, there is absolutely zero functional difference between these people and people who sell random used bikes. I've met all kinds of people who buy and resell used bikes to make money. Buy low, sell high. Sometimes, it's just a matter of buying from someone who doesn't realize that they have something collectors would desire, and reselling it as-is for more money, to the right audience. Sometimes it involves cleaning up a classic Italian road bike you found in a barn in BFE. The resellers have simply realized that with short supply, if they can buy new bikes at retail, they can actually sell for more money on the used market.
There is zero law against this. Becoming an authorized bicycle dealer is about building business relationships with vendors, getting a retail space, and making sure your finances are in order. It has nothing to do with this discussion.
I guess I should have called Salsa when I sold my Bucksaw this summer? And Santa Cruz for wanting to sell the old Blur my wife didn't want anymore. And Diamondback for the cross bike my wife also no longer wanted to ask them if I could resell them?i get it - times are tough, no toilet paper for a year, yada yada, do what you have to do, but i suggest try to find someone that actually knows because as i said the first time i mentioned the topic - i dont. mebbe call whatever brand it is you want to resell and ask them.
hope this helps
"A thing is worth however much someone is willing to pay for it"This has become one of the most ridiculous threads I've endured on MTBR in a long time -- and I've endured quite a few. I said it once, I'll say it again: A thing is worth whatever someone will pay for it.
If I can get $35,000 for my 2007 On One Inbred singlespeed (genuine cro-moly!) then that's that -- I'm $35,000 richer and whoever loved it enough to give me $35,000 for it is that much poorer but he's got his (evidently) dream bike. Case closed.
Let's use our heads, folks. This is not that hard to figure out. There are certainly no laws governing it. Sell what you want, buy what you want. We each have to make our own way.
Now can we please stop the insanity.
=sParty
I wonder if he'd take $400 for itWhile it is a matter of supply and demand, I think the OP was largely just talking about sellers who way over price and take advantage of people who do no research on what the bike is worth and pay greatly inflated prices due to their lack of knowledge.
I came across the below today. I've never heard of this brand and maybe I'm wrong, but it looks like the seller is trying to take advantage of someone to me, though I doubt they'll get any takers, though it does have a frame mounted water holder.
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