Hello. Can anyone help me to find the blue book prices for a 2007 R3 and a 2008 R3 bike...both bulit with dura-ace? How would I determine the depreciation of them both too? Thanks so much for any help you may be able to offer.

I would either talk to my local dealer and/or search eBay for completed sales.  Good luck.

there are no hard depreciation numbers for bikes.

as the person above suggests, check ebay, make bids on craigslist ads (see how low they'd go), etc. to figure it out.

Thanks so much for your posts. I am asking because I was hit by a car and the man's insurance company wants to offer a "blue book" price to my bike. I don't have a receipt and so I am trying to figure out how much they will offer me...... Also, trying to figure out if I can fight this with the insurance company or if I will need to sue the man, if their proposed amount isn't a fair number.....I am guessing that it won't be...sigh.

2010 R3 prices as follows;

http://www.cervelo.com/bikes.aspx?bike=R32010#C1

$4500 Ultegra SL

$6800 DuraAce

That would be replacement value, which you would have if you insured it properly. Considering you got hit by this fool, that is his insurance companies problem. Do not accept anything less.

I am not one to promote frivolous lawsuits, but being hit by a car is at the top of my list for reasons to sue. Get a new bike, and give his insurance company a reason to stop insuring him so there is one less idiot on the road we need to worry about. Whatever you do, seek counsel (god knows there is enough lawyers out there who would take the case).

nycker:

Thanks so much for your posts. I am asking because I was hit by a car and the man's insurance company wants to offer a "blue book" price to my bike. I don't have a receipt and so I am trying to figure out how much they will offer me...... Also, trying to figure out if I can fight this with the insurance company or if I will need to sue the man, if their proposed amount isn't a fair number.....I am guessing that it won't be...sigh.

 

They will be happy to settle for a new bicycle identical or similar to your wrecked bike to replace yours if you sign a waiver.  That is the way that is customarily done in the USA if your injuries are not serious.  Used bikes entail risks of concealed damage especially in carbon bikes.  Give them notice in writing that if they do not accept your offer that you will turn the matter over to an attorney in two weeks.  You will get your new bicycle and they will be far ahead financially as a result of your generosity.

I agree with others that you should not give in easily.  For one thing, the "blue book" value - or what you could pay to buy a similar used bike - would not include a warranty, which is lost value to you.  Tell them you want a new replacement and send them a quote for a new bike of the same model.  My experience has been that insurance companies are pretty willing to do this because 1) it is not much money to them compared to replacing a car and 2) they want to make you satisfied to discourage pain and injury type claims. 

Thanks again to all. Unfortunately, I can't make any injury claims, because miraculously, I wasn't hurt and I don't feel comfortable lying about that. When you say that I should sue, do you mean the insurance company? The insurance company told me that if I were speaking to a lawyer that they couldn't proceed with my case. Prior to that, I spoke to one lawyer that wasn't interested in my case because there would be no health component involved. I am going to try to find another one. They haven't come to inspect my bike yet, so I don't actually know what they are going to offer me....I suppose I am preparing myself for the worst at the moment. The R3 was being held at my bike shop that isn't a cervelo dealer. I realized today that although they have been superior for my needs, that I would be better off moving it to a bike shop that carries cervelo, so when the inspector comes, the shop can speak with them about replacement costs. This is a dura-ace bike with fulcrum racing wheels, so I am guessing they would help me in exchange for me buying my replacement through them. As far as I know only the frame and rear wheel was damaged, but as Pharding wrote, there is risk of damage in the handlebars. seatpost, crank(fsa carbon light)...... But this guy did make an illegal u-turn and hit me, so it was his fault and I would like my expenses covered.....nothing more than that! Thanks so much. It helps to have the support from you all.

The insurance company should not talk to the bike shop.  I have never heard of that occuring.  It is your bike and you were hit.  Just man up and do it yourself.  When hit by a car the carbon fiber frame can develop stress cracks that are concealed to the naked eye.  Do you want to put your life at risk because somebody hit you?  Just get a proposal with the retail price of the bike listed and present it to them.  Do not believe the the BS about speaking to your lawyer.  You have a right to legal representation.  They were at fault.  You may feel OK now but who knows about future concealed injuries?  Just hire a lawyer to write a letter.  When you got hit by the car I can't imagine that you didn't experience suffering in that traumatic experience.  You really need to talk to a lawyer about this. 

Unfortunately, hiring a lawyer would cost most or all of what you would get for the bike.  If it were me, I would work it out directly with the insurance company but would be firm that I want a new bike for all the reasons that have been mentioned.  Get a quote - even if it is from one of the online Cervelo dealers, send it to them and ask when you can expect a check.  Otherwise, start bringing up that you are looking into renting a bike so you can ride in the interim. Insurance companies are often unfamiliar with dealing with claims involving high-end bikes.

 

Last year I was cut off by an elderly woman driving a car which turned left in front of me and my R3. She never saw me until I was bouncing off her windshield. The R3 was destroyed with visible cracks in the fork and seatstays. My LBS declared the bike was irreparably damaged and indicated it needed to be replaced. The front shifters were damaged from the head-on collision with the side of the car and they said carbon stem and handlebars were suspect with that impact. The front wheel was tacoed and the rear out of true. The driver's insurance company was amazing to deal with. Fortunately I had non-severe soft-tissue injury to my left leg/ankle. We invoiced the insurance for the replacement cost (2009 prices) to replace my 2007 R3 with the 2009 model. The insurance company paid all of my medical costs, out of pocket expenses, maximum allowance for pain and suffering. As for the bike, they took 10% depreciation off the 2009 replacement cost for a complete new bike. I didn't complain with that. You should accept no less.

I was hit summer 2008 on my 2006 Felt.  My frame and helmet were both ruined, but no other major injuries.  The insurance wanted the retail price of the bike and helmet and a note from an LBS stating the frame could not be fixed.  I found the 2006 price online and supplied the insurance co with that and the note from the LBS.  They got me a check real quick for the full price. 

Look online to find original pricing for everything you want replaced.  Also, get your LBS to sign that the frame and other carbon components are damaged and carry a high risk of failure due to the accident.  Then, tell them this is what you want. 

Glad to hear you are ok and only your bike damaged (hopefully). I was in a very minor accident once and could not believe the pressure put on me to have a mulititude of tests and chiropractic care done to me (felt like Vultures circling). Do what you feel is best, for only you really know. As far as the bike goes, I think thom_y has the best advice. Give the insurance company the quote and replace your bike and get back out on the road ASAP. All the best.

Thanks again to all who are posting their thoughts. I really appreciate it. I am going to move my bike from my current bike shop to a cervelo dealer for the inspection. I have actually spoken to more than one person who has experienced this, so apparently the inspection is a common practice. My biggest problem at this point seems to be getting a receipt as I don't have one. I have contacted where I bought the bike to see if they may still have one, but if not, hopefully the dealer where I am sending it to, will be able to provide documentation of what it retailed for when I bought it....and I'll see what they offer me. If it is below that amount, then I will try to fight it by speaking to supervisors and whatever I can before I retain a lawyer. As someone mentioned, it might be difficult to get the fees and a replacement bike covered and it definitely would take a long time to resolve. I'll post again with any pertinent updates...thanks again though.

 Easiest thing to do is to go to Competitivecyclist.com and fully detail your bike, email yourself your configuration with pricing.

Politely talk with the adjuster and tell them that you ache and hurt but want it to pass, and if they replace your bike so you can be done with it, you'll be on your way. Ask NOW for an equivalent rental bike which probably will be about $60/day. "Oh, are you able to go out cycling?" "I sure hope so, and am hoping all the stiffness goes away. Do you want to pay for a rental bike for a few weeks, pay for my bike then and find out or replace my bike now?"

Be sure that you don't need medical treatment. Ask them to Pay for your bike NOW and give you $500 for the grief. They'll ask you to sign a 'Release for any further claim of liability'.  If they want to subtract 10% for depreciation, fine. You should be able to get that from a dealer selling you a new bike.

Best,

Jeff