Pricing on used bikes
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Joined: May 2018
Posts: 99
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From: NorCal
Pricing on used bikes
If you were considering purchasing a used bike do you use KBB or NADA for determining a offer
KBB only shows trade in value and suggested retail value if buying from a dealer
NADA provides low retail and average retail pricing
KBB only shows trade in value and suggested retail value if buying from a dealer
NADA provides low retail and average retail pricing
Stellar HDF Member
Joined: Apr 2012
Posts: 3,117
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From: Maryland
Develop reasonable ranges/averages from those sources and go from there.
Seasoned HDF Member
Joined: Nov 2009
Posts: 15,705
Likes: 22,718
From: Farmington ,MS
Looking at "asking" prices on Craigslist or Cycle Trader gives you absolutely no clue to what bikes are "selling" for.
KBB and NADA tend to be high on what bike are selling for in personal cash sales.
"Sold" listings on ebay will give you a closer idea of real prices.
KBB and NADA tend to be high on what bike are selling for in personal cash sales.
"Sold" listings on ebay will give you a closer idea of real prices.
Ultimate HDF Member
Joined: Jul 2007
Posts: 5,716
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From:
If you going to look at KBB, prices are closer to the trade-in side. Nothing is selling for retail unless it's a hard to find bike like a Springer, FXR.
The thing to remember is that the bike market is tiny compared to the car market. Sources like KBB and NADA have far less transaction data to go off of with bikes than cars.
The other thing to keep in mind is that their numbers for relatively new bikes (say, five years old or newer) will be better than the old stuff.
KBB lists "retail" value of my 1990 ElectraGlide at $5200. What does that even mean? How many 1990 ElectraGlides changed hands in the CONUS last year? I wouldn't be surprised if it was less than a few dozen. That's not enough to establish anything like a true "market" price.
The other thing to keep in mind is that their numbers for relatively new bikes (say, five years old or newer) will be better than the old stuff.
KBB lists "retail" value of my 1990 ElectraGlide at $5200. What does that even mean? How many 1990 ElectraGlides changed hands in the CONUS last year? I wouldn't be surprised if it was less than a few dozen. That's not enough to establish anything like a true "market" price.
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Stellar HDF Member
Joined: Mar 2011
Posts: 3,482
Likes: 631
From: NorCal Rocklin
KBB and nada is a "GOOD STARTING" point. You can price according to what others are selling them for. Sometimes those values do not work everywhere.
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