$16855.84 Impact

How We Calculated Impact for Donations

We utilized a formula found at https://discerningcyclist.com/used-bicycle-value-calculator/

This formula takes into account the purchasing price of a bike, years of ownership, as well as current condition.

For the first year of ownership, we assumed that the bike depreciates by 50% of its original value. For every year after that, the bike depreciates by an additional 10%.

Then, the following multipliers are applied with respect to condition.

How We Assess Condition

• Excellent Condition:

  • Few signs of wear

• Very Good Condition:

  • Some cosmetic imperfections

• Good Condition:

  • Visible signs of use, may need repairs to restore full functionality.

• Fair Condition:

  • Visible damage affecting performance, may need extensive repairs.