Harley's Hold Their Value? I don't think so.
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Intermediate
Joined: Jul 2005
Posts: 40
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From: Williamston, Michigan
Harley's Hold Their Value? I don't think so.
So much for the misconception that Harley's hold their value.
I bought a 2006 Low Rider last spring 2006. I paid $17,100 (out the door). I have been trying to sell it for the past 4 months (I bought a 2007 Electra Glide). The best offer I've received so far has been $13,000. This bike is just like from the showroom floor with only 2251 miles.
I don't call taking a $4100.00 hit after one year holding it's value.
I bought a 2006 Low Rider last spring 2006. I paid $17,100 (out the door). I have been trying to sell it for the past 4 months (I bought a 2007 Electra Glide). The best offer I've received so far has been $13,000. This bike is just like from the showroom floor with only 2251 miles.
I don't call taking a $4100.00 hit after one year holding it's value.
Road Warrior
Joined: Jul 2006
Posts: 1,599
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From:
RE: Harley's Hold Their Value? I don't think so.
It doesn't help that there's a newer and bigger engine out right now than what was in your 06.
At least you have the 6speed on there to try get the $$ up.
Give it a bit - there's still dealers offering deals on brand new 06s still sitting on their showroom floor.
At least you have the 6speed on there to try get the $$ up.
Give it a bit - there's still dealers offering deals on brand new 06s still sitting on their showroom floor.
Extreme HDF Member
Joined: Jun 2006
Posts: 17,682
Likes: 3
From: Dallas, TX
RE: Harley's Hold Their Value? I don't think so.
Since the LR is about 15.8 MSRP this year, 2006 would have been a little lower. So let's say 15.5. That would mean only 2500 lower for a used ride, and you may get an offer of 13.5 or even 14 if you get the right person. That is not a bad depreciation rate, since jap bikes will lost 30% (which would be almost 5k on that MSRP).
What you paid out the door does not count. I'd lose even more based on the mods I've done.
What you paid out the door does not count. I'd lose even more based on the mods I've done.
Outstanding HDF Member
Joined: Feb 2007
Posts: 3,417
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From: Salem, OR
RE: Harley's Hold Their Value? I don't think so.
I feel your painand I agree with you. It's a matter of finding the right person that has the cash and finds value in your bike. Personally, I hate selling street bikes, dirt bikes, quads and any other 4-wheel vehicles. It seems that I always get the short end of the stick and have to suck it up and take less than I feel it is worth. I have a motto...buy high and sell low? If I was in the market for a new bike and didn't want to keep tho "old bike", I would just trade it in to the dealer and take the hit and have it off my hands. IMO, it's only the dealers who are able to sell the used bikes for close to new prices...
Road Master
Joined: Oct 2005
Posts: 1,034
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RE: Harley's Hold Their Value? I don't think so.
How much of the $17,000 was sales tax, freight and dealer prep? You don't get nothing back for that. Also any accessories you might have added don't return much on resale.
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Banned
Joined: Apr 2007
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RE: Harley's Hold Their Value? I don't think so.
You never recover the tax $ you spent,less you trade it in and pay only on the diff.
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Joined: Dec 2003
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From: Murfreesboro , TN
RE: Harley's Hold Their Value? I don't think so.
ORIGINAL: carver
So much for the misconception that Harley's hold their value.
I bought a 2006 Low Rider last spring 2006. I paid $17,100 (out the door). I have been trying to sell it for the past 4 months (I bought a 2007 Electra Glide). The best offer I've received so far has been $13,000. This bike is just like from the showroom floor with only 2251 miles.
I don't call taking a $4100.00 hit after one year holding it's value.
So much for the misconception that Harley's hold their value.
I bought a 2006 Low Rider last spring 2006. I paid $17,100 (out the door). I have been trying to sell it for the past 4 months (I bought a 2007 Electra Glide). The best offer I've received so far has been $13,000. This bike is just like from the showroom floor with only 2251 miles.
I don't call taking a $4100.00 hit after one year holding it's value.
You are right on one aspect, Harley's still hold their value (especially compared to metric bikes), but not as well as they used to. Given the changes mentioned above, and the fact that HD is pumping out something like 400k bikes a year, that floods the market and lowers resale values.