Cash Converters pricing madness

[legrandefromage]

if its not electric and a 29er, it aint worth jack

 

[db95]

Maybe it's changed, but it used to be:

Proof of i.d.
Sign a piece of paper saying you hadn't stolen it.

That's it.

Then you'd get £20 for a bike costing £400 new.

Maybe £20 is all you need

Still is pretty much that verification or atleast it was up until a few years ago, I know a couple people who had some rough years that'd rob mostly electronics from one store then sell on to the likes of CC, Cex etc. CC would take any government issued forms (ie housing benefits, benefit claim paperwork, etc) as proof of both ID and address - not that it's Oceans Eleven levels of espionage but I'd heard that people living in halfway houses and the like would often have their paperwork go missing to be used as ID at those stores.

 

[legrandefromage]

when I worked at a Cashconverters, it was two forms of ID. If it needed work, yes it would be bought cheap but if it was good, it would be more

The retail was usually 2.5x the purchase price. VAT would have to be paid on any profit

Interestingly, if the purchase price code is still used, both bikes were bought at £25 each but 'BK' could also just be short for 'bike'

 

[bikeworkshop]

when I worked at a Cashconverters, it was two forms of ID.

And plenty of bike thieves don't mind showing genuine proof of id, because their short-term needs come 1st, and the police already know who they are.
The bike will probably never be recovered, and bike theft is hardly ever prosecuted anyway.