Best answer: Can you negotiate prices at a bike shop?

How do you haggle on a bike?

Negotiate a Bike Sale, Get a Better Price

  1. Be Bold. Lose your fear of negotiating. …
  2. Make an Offer. Ask the salesperson if they will take less money for the bike. …
  3. Bargaining Points. Ride the bike and look for defects. …
  4. Do Your Homework. …
  5. Check Competitors. …
  6. Cash Talks. …
  7. Stroke Them. …
  8. Don’t Be That Guy.

How much discount do bike shop employees get?

Typically it can be an extra 5-15% off the shop’s current discount rate.

What is the markup on bicycles?

A high margin would be 40-45% (66-80% markup), low end would be around 20% margin (25% markup) in my experience (as an employee). so for a $500 bike a 40% margin is $200, $300 original cost to the shop. In markup terms, a $500 bike that costs $300 wholesale is 200/300 = 66% markup.

Can you negotiate Trek bike price?

You can negotiate everything. If the Trek dealer doesn’t accept your price I am sure someone else will under the condition that your offer is realistic. Unless of course you want a specific bike from a specific dealer.

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Do local bike shops give discounts?

Bottom line is NO a bike shop will not lower the price for you just because you haggled! The profit margin is low on bikes and no lead way to discount. Some bike stores will discount their bikes when the next year models come out.

How much do Trek employees make?

Trek Bicycle Salaries

Job Title Salary
Sales Associate salaries – 23 salaries reported $16/hr
Sales Associate salaries – 19 salaries reported $16/hr
Service Manager salaries – 8 salaries reported $20/hr
Bicycle Mechanic salaries – 7 salaries reported $17/hr

Do Trek employees get commission?

Hardly any room for growth/advancement, hour based pay (no commission), too much corporate politicking.

How do you get a pro deal on a mountain bike?

7 Ways to Get a Great Deal When Buying Your Next Mountain Bike

  1. Buy in the Off-Season When Prices Are Discounted. …
  2. Buy a Used, But Well-Maintained Rental Bike from a Shop Fleet. …
  3. Find a Great Demo Program. …
  4. Buy a Used Bike from a Private Party. …
  5. Opt for a Wheel Size or Standard that’s Fallen out of Fashion.

Which is the best month to buy a bike?

The Best Time to Buy a Bike

  • Any Time. If you have “new bike fever,” you’re not likely to wait for any specific time to buy a new bike . …
  • Federal Holidays. …
  • Early Spring. …
  • Mid-Summer. …
  • Early Fall. …
  • End-of-Year Holidays.

What time of year do bicycles go on sale?

“From October to April, I can usually get you any bike you need,” Boles said. “After that, bike manufacturers slow down production as they start ramping up for the next model year.” Farther north, most shops have a slow season in the winter followed by a large upswing in sales as the weather warms.

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What is the profit margin on Trek bikes?

40% is gross profit margin (sell price of bike minus cost to build bike). Doesn’t account for overhead (SG&A & R&D) that runs the business. 40% GPM is pretty average.