Trade or sell? Planning new RGU purchase
#1
Trade or sell? Planning new RGU purchase
I have a 2015 Switchback with some pretty nice upgrades, which I'm well aware make little if no difference on trade or resale value.
Normally I would always consider selling as opposed to trading, but with the glut of really nice used bikes out there, who knows how long it might take to sell it on my own - especially considering it's an FLD, the bastard child of the HD lineup. I also know that I will take a beating on a trade. But I am actually considering going that route so I can have the new one by spring.
Opinions, anyone?
Normally I would always consider selling as opposed to trading, but with the glut of really nice used bikes out there, who knows how long it might take to sell it on my own - especially considering it's an FLD, the bastard child of the HD lineup. I also know that I will take a beating on a trade. But I am actually considering going that route so I can have the new one by spring.
Opinions, anyone?
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Every state is different but here in Georgia, you only pay tax on the difference between the trade and the price of the new bike. This helps to make trading it less of a punch-in-the-gutt if you get lowballed on the trade. Having said that, when I traded my '13 on a '17, it's obviously a numbers game but I would say they gave me as much as I could have got by selling it myself. Even if that wasn't the case, losing a bit saves the aggravation of tire kickers
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#8
The same forces that may limit you quickly selling to a private party may impact what the dealer offers you in trade. The advantage in trading is no waiting, not dealing with a score of idiots who are not as interested in buying your bike as they are in annoying you, and possibly a smaller sales tax depending on your state. Advantages to private sale is typically a higher sales price. You are likely to take a bath regardless of which route you take, selling that new of a bike. If you have an existing loan (you didn't say) you'll have to pay that off as well.
What bike are you thinking of buying?
What bike are you thinking of buying?
#9
Yeah its a convenience thing trading a vehicle in. Some feel the pounding you take on the trade is better than the hassle of selling it yourself. You may try for a while to sell it yourself. You never know its a nice looking bike and since they are not making that bike anymore there might be someone who is looking for the whole 2 bikes in one thing the SB is. Be patient.