I'll make this short. I bought a bike from budget that was priced at $300 and decided shortly after, my fault, it was not the bike for me and turned around to trade it back in and find something more to my liking. They offered $40 for the trade. So the bike has depreciated $260 in under a year and a total of maybe 5 miles on it? Their used bikes are all overpriced and you can be sure they mark them up quite a bit. I know this because the bike that I traded in to get the $300 bike was priced at $1100.
Screw that.