How to sell an electric bike or change it for the new one

Do you know how to sell an electric bike that you don't need anymore?

It’s easy for riders to become attached to their electric bikes.

For many people, their bikes are more than a transportation method—they are a way of life.

However, just like with everything, there comes a day when it’s time to say goodbye.

Is there a way to sell an electric bike individually or even to exchange it for a new one.

Whizz has your back!

Here’s how to sell an electric bike in 5 steps

• Assess your e-bike’s condition

First off, it’s important to understand the condition of your bike. Are you selling a relatively new electric bike, or did your bike suffer some severe damage and malfunctions?

Even if you think your bike is in good condition, it’s essential to conduct a thorough assessment so you’re entirely sure.

First, check the e-bike’s battery.

All batteries have lifespans, and you need to consider this. If your battery is older than 2 years, this can affect your bike’s value and maybe even prevent you from selling it altogether.

The same goes for motors. It should work at full power without any hiccups or crashes.

• You also need to look into the bike's tires and frame

They should be without cracks or holes. If the tires are deflated or the frame is broken, you might not be able to sell your bike.

If you want to get a good price for your e-bike, you need to deal with any wear and tear.

Take note of all the necessary repairs and complete them before listing your bike for sale.

• Understand trade-in value

The next step is to understand the value of your bike on the market.

There are no rules here. Your best course of action is to look for similar models and compare the prices.

Be realistic about your bike’s condition. If you overestimate your e-bike price, you probably won’t be able to sell it.

If you need some help with evaluation, you can always use Whizz's Trade-in program to help you out. This is a good way to understand the price of your e-bike hassle-free.

• Prepare for sale

Before selling your electric bike, it’s important to make sure it is in the best possible condition.

Make repairs on any malfunction that is affecting your bike’s functionality. You don’t need to worry too much about minor dents and scratches, but fixing these can help raise your bike’s price.

You also need to gather any original documentation you still have.

This includes receipts and manuals. These will confirm your bike’s age and help identify the exact model of your bike.

In fact, many buyers won’t accept a bike without receipts and warranties, so you should always keep those for as long as you own the e-bike in question.

• List or trade

Next, it’s time to list your electric bike for sale or to consider trading it for a better model.

Most people choose to list their bikes online. You can use websites such as Walmart’s Marketplace, Craigslist or you can simply trade your bike with Whizz.

These websites are a good place for selling an e-bike, but they don’t guarantee you high prices or even that the sale will be successful.

If you wish to continue your e-bike journey and you simply wish to get a new e-bike because the old one is no longer sufficient, you can always find a company that will help you trade it for a new one.

Whizz has a Trade-in Program that allows you to trade your old e-bike for the superior Storm-2 model.

Storm-2 has a range of up to 85 miles per charge and reaches speeds of up to 25 mph. It is perfect for delivery riders, but also for people who want to have a reliable electric bike for long-term commuting.

All you need to do is to bring your used electric bike that is no older than 2020 to one of Whizz’s NYC, NJ and Philly locations. The model of the e-bike isn’t important, but it should be in good condition, without any mechanical damages that affect the bike’s functionality.

Instead of getting a small payment and spending months looking for a decent bike, you can instantly get a new Storm-2 bike at almost half its price.

If you don’t feel like you have the money for the new bike, don’t worry. You can also use split rent payments and pay a small monthly fee for the next 12 months.

This is a great way to make sure you get the best possible deal for your old electric bike and to get a new, better one at the same time.

Read also: What is e-bike credit and how to use it

Finalize the deal

Once you’ve repaired the bike, gathered all the documentation, and made a successful deal, all you need to do is to complete the transaction and ship the e-bike.

Of course, if you’ve decided to trade with Whizz, this process will be even more straightforward. We’ll take care of your bike and make sure you get a new one, all in one visit to our center.

Whether you are using your e-bike for work or for leisure, you can count on Whizz. Contact us today and save money on extensive processes and complicated paperwork.

Related: 10 things to know before buying an e-bike

FAQs

Where is the best place to sell electric bikes?

Most people choose to sell their used electric bikes on online marketplaces and sites such as Craigslist.

However, while popular, these websites don’t guarantee you’ll actually make a sale on your bike, and not many people earn much on selling their used things.

Your best option is to look for an electric bike manufacturer and retailer that will either accept to buy your bike or help you to trade it for a new one – usually with a small payment to make up the price difference.

Do electric bikes sell well?

While Bicycle Market Research shows that there is a high demand for electric bikes, this only goes for new models.

Used models might be trickier to sell, as many people worry about the condition of batteries, motors, and other mechanical parts that can become less efficient over time.

What is the resale value of e-bikes?

On average, e-bikes lose about 15-25% of their value each year, with the most significant drop being noticed during the first year. After just a few years, your electric bike will have less than 50% of its original value – and that is if it's in a good condition.

In other words, if you are selling your old electric bike hoping to buy a new one, you will probably need to pay more than you’ve earned to afford it.