Trade In - Not
Road Captain
Joined: Aug 2008
Posts: 631
Likes: 6
From: Utopia
I hear ya...love the FatBoy's 'cause i am one (lol), but will wait until my FXDC is paid off to buy another bike (unless i find a sweet deal on a workable Shovelhead). I already learned my lesson with trading in my Sportie (i should have listened to you all about not buying it in the first place) lol.
Road Master
Joined: Aug 2008
Posts: 1,027
Likes: 163
From: Grapevine Texas
Never ridden a fatboy but I do like the looks of em, of course there isn't many harleys I don't like the looks of, on the same note though, gotta bud down in arizona that has an 05 custom sporster, and he's done a few things to it. Real clean bike, taken well care of, he was wanting to upgrade himself and either step up to a fatbob or maybe a fatboy, well he went to a couple dealers and they pretty much embaressed the hell out of him with a trade in value next to nothing. It's a shame, you all remember a number of years back that if you wanted to own a HD, you had to order one, and you might be on a list for over a year. Had that still been the case those values on our bikes might reflect more coin, but since Craigslist is full of gently used, and used up bikes, well the price flects those values unfortunately.....
Thread Starter
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Tourer
Joined: May 2009
Posts: 323
Likes: 0
I'm going pay it off and use the money to do some custom work on the dyna. Maybe next year I will re-think it.
Banned
Joined: Mar 2009
Posts: 2,717
Likes: 1
From: Connecticut / Amsterdam
When i got fired i got a little over $110,000 from my profit sharing and had to roll it over into an IRA but did the right thing and made a early withdrawal and paid off my condo and credit cards , I had to pay a penalty for the early withdrawal but it was the best move i ever made with the money because i could have lost 60 % or more to the dreaded stock exchange ! Now if i can find a job i can get a loan for a used Viper !
Last edited by Wonkaboy; Feb 23, 2010 at 10:46 AM.
Ultimate HDF Member
Joined: Oct 2007
Posts: 7,562
Likes: 11
From: Palm Harbor fl.
yeah, in todays market it would be crazy to trade a perfectly good bike for a new one... if the prices of new were slashed as bad as used bike prices... that would be a different story. the used market worth will go back up, once the bikes available level out and not everyone in financial trouble are trying to sell fast for anything they can get... wait a couple years...
Tourer
Joined: Apr 2008
Posts: 314
Likes: 1
From: Erie,Pa
Yep, sounds like a win/win for the dealer. He buys(steals) your bike, sells you a new one and then sells your trade at top dollar. I went to get a few parts this morning at the dealer and they have an 09 Heritage/ tuquoise and antique white, I like these colors but I'm not ready to get rid of my Dyna, and can't seem to hit on the lottery.
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Elite HDF Member
Joined: Apr 2007
Posts: 4,919
Likes: 23
From: Seattle, WA
I don't think the Kelly Blue Book online shows 'trade in' vice 'private sale' or retail for bikes like they do for cages ... but that should give you an idea of what the differential or dealer mark-up (profit) is ... or at least what they're trying to make on the trade-in ....
However, if you sell through a private sale (or craigslist) you don't give the dealer the mark-up profit ... you don't have to take the low-ball offer ...
If you list on craigslist or wherever, you can entertain a "best offer" from a buyer, but you can also hold out for what you're asking ... or what the market will bear ....
Then you can go to the dealer with cash in hand and make them a low-ball offer ... or find a low-mile late model bike on craigslist that someone else is selling ... cut the dealer out of your scenario altogether ....
That gets you the bike you want without taking a huge financial penalty ... I know it is convenient to be able to ride in, get financing and ride out on the bike on their showroom ... but, they have direct costs and overhead they have to cover ... so, you are not getting a 'deal' that way ....
R/
'Chop
However, if you sell through a private sale (or craigslist) you don't give the dealer the mark-up profit ... you don't have to take the low-ball offer ...
If you list on craigslist or wherever, you can entertain a "best offer" from a buyer, but you can also hold out for what you're asking ... or what the market will bear ....
Then you can go to the dealer with cash in hand and make them a low-ball offer ... or find a low-mile late model bike on craigslist that someone else is selling ... cut the dealer out of your scenario altogether ....
That gets you the bike you want without taking a huge financial penalty ... I know it is convenient to be able to ride in, get financing and ride out on the bike on their showroom ... but, they have direct costs and overhead they have to cover ... so, you are not getting a 'deal' that way ....
R/
'Chop
Cruiser
Joined: Jan 2009
Posts: 140
Likes: 0
I won't go into all the details, but I was very dissapointed in the trade in they qouted. I had no illusion that I would get my money back, but the qoute was ridiculous. Plus, I looked at their used inventory and they have an 05 and an 06 Dyna with triple my miles that they are pricing as much and more than I paid for my 08 and neither has the accessories I have.
Deck