REI simply launched a pilot program with The Professional’s Closet to change bikes within the Denver market. May the brand new program sign a shift in how shoppers purchase, promote, and commerce used bikes?
REI desires to make it simpler to promote your previous bike. For the following three months, the co-op will pilot a motorcycle buyback program in partnership with The Professional’s Closet, a number one reseller of used bikes, within the Denver market. This program permits prospects to commerce in a used bike in change for an REI present card.
This system is fairly easy. First, gross sales start with a “digital expertise” the place prospects can submit a motorcycle for evaluation by The Professional’s Closet. If the professional consumers supply a buyback, they are going to instruct prospects to carry the bike into the REI Denver flagship retailer. There, REI will situation them a present card in change for the bike. The REI Bike Store will then package deal and ship the bike to The Professional’s Closet to be resold.
It’s price noting that The Professional’s Closet has many accomplice outlets already. It’s a serious bike reseller throughout america. However the partnership with REI indicators that the massive retailer desires to proceed its push to change into a severe contender for bike consumers — and now sellers.
Whereas there are a lot of methods to promote a used bike, the primary profit appears to be comfort. Sellers take away the necessity to submit a motorcycle on-line, meet with consumers, and haggle costs. Clearly, the fee in a present card means the vendor ought to need to purchase some gear from REI sooner or later. For a lot of, it might be a handy solution to unload an undesirable bike.
We reached out to REI to search out out extra about this system.
Used Bike Program: Interview With REI
What kinds of bikes are you able to commerce in?
Presently, REI will settle for mountain, highway, gravel, TT, and observe bikes that align with The Professional’s Closet‘s present product choices by way of model, sort, or worth. Tandems, recumbents, and e-bikes are presently not being accepted.
How a lot are you able to anticipate to get by way of trade-in worth?
Commerce-in values will fluctuate by bike, model, sort, and the unique worth of the bike. Along with the greenback worth of the trade-in, the comfort of this system is a real profit to prospects, who as we speak typically have to make use of extra cumbersome or much less reliable platforms to promote or commerce used bikes.
What are you able to do with the trade-in dollars?
Credit score is issued through REI present playing cards, which can be utilized to buy any merchandise REI sells, together with a brand new bike.
Will REI resell the bikes?
REI is just not planning on reselling used bikes right now. Nevertheless, we’re discussing choices with The Professional’s Closet.
What REI shops will probably be concerned?
Throughout our pilot interval, all bikes should be processed by the net program and introduced into the Denver REI flagship retailer to take part.
Can you purchase the used bikes on-line?
Right now, you should purchase the used bikes on-line by The Professional’s Closet, however not by REI.