How Much Does a Bike Cost? How Much Should You Spend on Your First Bike? (2024)

I'm that guy, riding a bike that costs more than my car. But here's the thing, no one needs to spend much on a bike. In fact, you probably shouldn’t be like me. You can ride an affordable bike and be just as happy as me (and probably richer).

It’s no secret that cycling can be very expensive. Explaining the economic and technological factorsbehind bike costs wouldtake us deepinto another rabbit hole.Instead,for younewer riders, I'm here to tell you how to buy smart and get the most for your money.Here are the three keys to buying your first bike.

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How much do bikes cost?

Type of Bike

CommonPrice Range

Department store road and MTBs

$100 - $500

New entry-level road bikes

$1,000 - $3,000

New entry-level MTBs

$1,200 - $3,500

Qualitymid-range used road bikes

$1,000 - $2,500

Qualitymid-rangeused MTBs

$1,000 - $3,500

The above price ranges are what most first-time buyers will usuallyencounter when shopping for an entry-level or beginner bike. Here are some things to consider:

  • Department store bikes (e.g., Walmart and Target bikes) arevery cheap, and that's reflected in their quality. They use cheap frames, cheap components, and usually aren't put together by professional bike mechanics. Thesemight be fine for cruising around town, but they tend to cut a lot of corners to keep the price low. They're generally not worth repairing when they break because the cost of components and labor are more than the bike's worth. If you ever get "serious" about cycling, it's better to seek higher quality bikes that are safer and built to last.
  • New entry-level bikescost a lot more than department store bikes, but they are much safer and more reliable. They'll last for many years and are a better option for riders who intend to ride regularly and improve over time. To stay affordable, they usually use basic aluminum or steel frames, which weigh more, but are tough and reliable. They also use entry-level Shimano or SRAM components which work fine, but won't have the features of higher-end options.
  • If you're shopping the used bike market, you can findquality mid-range bikes with much nicer frames and higher-end components, but spend the same as you would on a new entry-level bike. For most aspiring cyclists, this is the ideal option.

Experiencing sticker shock? Well, read on to learn why it might be worth saving up to spend a bit more on a higher-quality bike.

Tip#1: Spend $1,000-3,000 on your first bike

This is a lot of money to some. To others, it may seem like too little. Butthis is a goodstarting point for newer riders who are motivated to "becomecyclists" or anyone who wants a quality bike to ensure they have the best newbie cyclingexperience possible.

If you don’t plan on riding often, if you’re only doing brief rides and locking your bike up permanently outdoors, if you’re not sure you’ll take to cycling as a hobby, or if your life circ*mstances just don’t allow it, it’s entirely okay to spend less than this on a bike to satisfy your needs.

Otherwise, the old adage of “buy cheap, buy twice” (or "buy once, cry once") applies here.Spending approximately this much will get you a good, pre-owned, recent model-year bike that won’t needmany upgrades if any. They will have frames and components designed to work reliably for years to come. This price range opens upa huge selection of good options for entry-level to mid-range machines.

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A quick disclaimer: I work for a business that sells bikes.TPC offers a large selection of entry-level bikes. I would love for you to buy a bike from us. But even if you don’t, I think you should alwaysseek the best value possible.

Buying pre-owned bikes allows you to get a slightly higher-end bike with better components when compared to buying new. You can easily find great used bikes in this suggested price range from private sellers. But some of the added benefits we provide are a30-day return policy, reliable shipping, a full inspection and tune, and a dedicated customer service team. We even offer Affirm financing that lets you ride a bike now and pay later.

Find the right bike and you can be confident it will hold its value better, have better components and technology, and will allow you to enter the sport with a solid foundation for growth.

How Much Does a Bike Cost? How Much Should You Spend on Your First Bike? (1)

Tip#2: Check a used bike's original price

Just like cars, boats, skis, and computers, bikes depreciate. The moment a new bike leaves the shop floor it loses some value. Our expert used-bike purchasing team here at The Pro's Closet has studied this phenomenon for years. They have developed a simple rule to follow when purchasing a used bike, which you can use too.

As a business, we avoid buying bikes that have an original MSRP lower than $1,500 because bikes at and above that price are of much higher quality and will maintain their value and desirability for longer.A quick Internet search will help you determine the original retail price of anybike you're looking at.

If you canspend a bit more on your bikeup front, it will bea better investment in the long run.

Bikes in the sub-$1,000 range are usually built with generic, bottom of the barrel components, orthat have severely outdated designs. These bikes won’t function as well, they will be less durable, and they won't be as nice to ride. Worst of all,bikes like thiswill be difficult, if not impossible to resell later becausethey aren't desirable. It will be very hard to recoup any money you've put in.

Read this story tolearn more about how depreciation affects the price of used bikes.

Tip#3: Keep it (somewhat) current

How Much Does a Bike Cost? How Much Should You Spend on Your First Bike? (2)We've already established that you should look for a pre-owned bike in the $1,000-3,000 range that ideally had a new retail price of $1,500 or greater. But how old is too old when it comes to model year?

The third rule of thumb is to seek out bikes made within the last 5-10 years.

Bikes are constantly evolving. New technologies and standards are introduced at an overwhelming pace. Some riders get a new bike every season just to stay on thelatest equipment.But that is unreasonable for most of us and kind of unnecessary.

Drivetrains that are one to two generations older generally have comparabletechnology to the newest parts. They may not have all the bells and whistles, but they won't ruin your ride.

For example, my first "real" road bike had a 10-speed drivetrain when all the new bikes had 11-speed drivetrains. Did I miss that extra cog? Not at all. The bike still worked great and I loved riding it.

Componentsfrom the last 5-10 years alsohave the added benefit of compatibility. Ifthings do go wrong, it’s easier to get replacement parts if your bike isequipped with newer components that are compatible with modern technologies.

Bike geometry is also evolving, and older bikesgenerally don't handle as well as newer bikes. This is especially truefor mountain bikes, which have seen a huge shift in geometryover the last 10 years. Spending more for a newer bike will ensure your bike benefits from the latest refinements in geometry and improved handling characteristics.

The story of my first bike... Spoiler: I didn't follow the rules

My own experience has shown me that getting a higher quality bikefrom thestart increases the likelihood that you will enjoy riding and continue to ride regularly.

Hopefully, you can learn from my mistakes. Ibought my first bikefor $250 off Craigslist. It was an ancient Peugeot with six speeds, 52/42t chainrings, friction shifters, center-pull brakes, and other outdated components.

The Peugeot was troublesome because I had been hoping to do some serious riding. The stiff gearing and imprecise shifting didn’t help my novice fitness handle climbs. The petrified brake pads and weak, outdated calipers terrified me on descents. The wheels were impossible to true and I had trouble finding vintage 27” tires and six-speed chains at my local bike shops. Riding long distances on this bike was uncomfortable at best.

I nowcan appreciate the charm of vintage bikes, but I would never subject myself to riding this bike again.

Owning a bike like this can be a fun adventure. Butit's oftenjust frustrating and unpleasant. For a broke college kid trying to get to class,the Peugeot was an okay option. But that's all I used it for. It wasn’t until I upgraded to the next bike that I truly fell in love with riding and felt like I became a cyclist.

I saved up and purchased a used Cannondale CAAD10 (from The Pro’s Closet actually, before I was an employee) for $1,500. At the time it was already afewyears old with an aluminum frame and an older 10-speed Shimano Ultegra group. But it was lightyears ahead of the Peugeot.

How Much Does a Bike Cost? How Much Should You Spend on Your First Bike? (3)
My Cannondale, the first "real" bike I owned was relatively affordable and ithelped me become the rider I am today. Hereit is at the top of the biggest climb I'd ever done at the time. I was so proud, and my bike helped me get there.

The Cannondalewas fast, reliable, and refined — three things the Peugeot never was. The drivetrain shifted smoothly. The wheels were stiff and straight, and the brakes actually slowed me down when I was going fast. The geometry was modern and felt agile and exciting. Best of all, it didn’t weigh 30 pounds like the Peugeot. Spending more than I did on my first bike got mesomething that was simply better in every way. The Cannondale was plenty affordable and honestly, it rode nearly as well as any of my more recent $5,000 road bikes.

The bike made me want to ride more. Istarted doing longer more adventurous rides. It made me brave enough totake ongroup rides and the occasional race. I got fitter and becameincreasinglyenamored with the sport.

Because I actually loved riding this bike, ithelped me build a solid foundation of skills and fitness. Its reliability meantI didn’t have to think when I went out for rides.It just worked. I upgraded parts as they wore out or broke, and rode it for several years.It'snow been replaced as my tastes have become more refined and I’ve come to understand what I really want. Still, I credit much of my development as a rider tothis bike.

If you're determined enough, you can behappy and develop as a rider on a $250 Peugeot. If you can, then you're a tougher, more talented rider than I am!

But if your goal is to ride regularly and progress your fitness and skills, a bike in the $1,000-3,000 rangewill facilitate your growthand make it easier to fall in love with cycling.

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Entry-level bikes

If you’d like to see $1,000-3,000 pre-owned bikes in our inventory, check out the following collections:

[button]Entry-level road bikes[/button]

[button]Entry-level 'cross / gravel bikes[/button]

[button]Entry-level mountain bikes[/button]

If you don’t see what you’re looking for, be sure to check back later because new bikes are added daily. You can also set a saved search to receive an alert when your dream bike arrives in our inventory.

If you’re looking for a new bike and are interested in learning more about all of the technology or terminology, take a look at our collection of buyer’s guides that explain the ins and outs of bikes.

Ultimately, the rider plays the biggest part in performance. An exceptionally fit and skilled rider on the worst, cheapest, most outdated bike can outride and beginner on the latest superbike. Though I suggest against buying sub-$1,000 bikes, it’s still possible to become a great cyclist riding one. But starting with a higher-quality bike will makeprogress as a cyclist so much easier and quicker.

Enjoy your journey as a cyclist!

What was your first bike and how much did it cost? Would you spend more or less if you could do it all over again? Do you have any other tips for riders looking for an affordable bike? Let us know in the comments!

How Much Does a Bike Cost? How Much Should You Spend on Your First Bike? (2024)
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