Asking Price Advice
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Intermediate
Joined: Jun 2011
Posts: 30
Likes: 0
From: AZ
Asking Price Advice
Hi all.
I have a 2011 Fat Boy Lo that I'm thinking of putting up for sale (personal deal); perhaps put an ad up on CraigsList.
I looked at N.A.D.A. and Kelly Blue Book, and according to them, if the bike's in good to excellent condition, it should command somewhere around $15,400/ 15,500.
My bike is very clean and well-kept (exterior and maintenance-wise); I should be able to get top-dollar. Here's what I want to find out, though, as far as advice goes:
The bike was purchased by me from a dealership; it used to be a former rental of theirs. The bike had approximately 8,000 miles on it when I got it, and after a year+ of ownership, it now has over 18,000 miles on it.
For a motorcycle, is 18,000 miles considered a lot? I'm not sure if that's a cold-hard fact. I've heard some people say that it is; they say you can't compare it to a car when it comes to miles, that for a motorcycle, it's like it ages faster. Is this true for Harley's? Compared to the metrics?
If I place an ad and get some takers (some people that have done their homework, NADA, Kelly Blue Book, etc.), are they going to say that my mileage should knock some dollars off the asking price?
I'd appreciate any help, tips, or suggestions.
Thanks,
Pez
I have a 2011 Fat Boy Lo that I'm thinking of putting up for sale (personal deal); perhaps put an ad up on CraigsList.
I looked at N.A.D.A. and Kelly Blue Book, and according to them, if the bike's in good to excellent condition, it should command somewhere around $15,400/ 15,500.
My bike is very clean and well-kept (exterior and maintenance-wise); I should be able to get top-dollar. Here's what I want to find out, though, as far as advice goes:
The bike was purchased by me from a dealership; it used to be a former rental of theirs. The bike had approximately 8,000 miles on it when I got it, and after a year+ of ownership, it now has over 18,000 miles on it.
For a motorcycle, is 18,000 miles considered a lot? I'm not sure if that's a cold-hard fact. I've heard some people say that it is; they say you can't compare it to a car when it comes to miles, that for a motorcycle, it's like it ages faster. Is this true for Harley's? Compared to the metrics?
If I place an ad and get some takers (some people that have done their homework, NADA, Kelly Blue Book, etc.), are they going to say that my mileage should knock some dollars off the asking price?
I'd appreciate any help, tips, or suggestions.
Thanks,
Pez
Stellar HDF Member
Joined: Oct 2008
Posts: 2,086
Likes: 154
From: Buffalo, NY
You can probably get a new left-over 2012 for the same price or lower than your asking price. That's zero miles, financing, warranty, no one else rode it. For 2 years old, 18k to me is a lot, plus an ex-rental, I would think your bike is worth $12k. NADA & KBB price might be a dealership price, not a private party
Seasoned HDF Member
Joined: Jan 2007
Posts: 20,616
Likes: 4,440
From: anacoco, la
you have to take the emotion out of it. look at the dealers in your area and see what they are selling used bikes for. check ebay motors and see what the final prices have been, if they even sold. also, see what comparable bikes are selling for on cl. price your bike in line with these, and it should sell. price it too high, and it'll still be in your garage next year. and while mileage doesn't really bother me (i ride my bike), many people will take the lower mileage bike at the same or slightly higher price point, so you have to take that into consideration as well.
if you're looking to get a new ride, see what the dealer is willing to give you on trade. in 2010, i traded in my 2007 roadking custom towards my 2010 roadglide. the dealer gave me 13k in trade. i was thinking of selling it outright for less than that. plus the tax savings, i made out great. and while the new bike was not below msrp, they did not add on to it either. which around here, msrp is pretty much what you're gonna get.
if you're looking to get a new ride, see what the dealer is willing to give you on trade. in 2010, i traded in my 2007 roadking custom towards my 2010 roadglide. the dealer gave me 13k in trade. i was thinking of selling it outright for less than that. plus the tax savings, i made out great. and while the new bike was not below msrp, they did not add on to it either. which around here, msrp is pretty much what you're gonna get.
Road Master
Joined: Apr 2010
Posts: 824
Likes: 2
From: O'fallon IL
Although 18k is not what i would consider high mileage, you will be competing against other same year models with a lot less mileage. If you want to unload it you're going to have to drop the price. I'd say you'll be lucky to get $13-14k in this market - this time of year. $12k is probably a more realistic value. Wait untill Spring and you'll get more interest.
Ultimate HDF Member
Joined: Jul 2007
Posts: 5,716
Likes: 103
From:
A dealer might get $15k.
The 2011 still has the 96B in it, so for $1000 most will go with a new 103 with no miles.
It's winter, we're in a recession and heading for a cliff. I'd say ask $13500 and get what you can. Similar bikes out there with less than 2000 miles aren't selling for $13k.
http://motors.completed.shop.ebay.co...&Model=Softail
The 2011 still has the 96B in it, so for $1000 most will go with a new 103 with no miles.
It's winter, we're in a recession and heading for a cliff. I'd say ask $13500 and get what you can. Similar bikes out there with less than 2000 miles aren't selling for $13k.
http://motors.completed.shop.ebay.co...&Model=Softail
Road Master
Joined: Aug 2012
Posts: 784
Likes: 12
From: Texas
For the average~bike that's high miles. I see 4yr old bikes all the time with 3~4k miles.
(not trying to beat you up i've put 8k on mine is the last 3 1/2 months)
I'm in agreement with the others if you want to sell it fast your going to be in the 12k neighborhood or find someone who has an emotional connection with it.
Bad economy the new bikes have 103's all going to hurt you.
(not trying to beat you up i've put 8k on mine is the last 3 1/2 months)
I'm in agreement with the others if you want to sell it fast your going to be in the 12k neighborhood or find someone who has an emotional connection with it.
Bad economy the new bikes have 103's all going to hurt you.
Stellar HDF Member
Joined: Mar 2011
Posts: 3,482
Likes: 631
From: NorCal Rocklin
I would price it at Nada regardless of miles and then do a research on what other dealers in the your area are selling it for. Each state is different on how they price their bikes. Comb through craigslist and other sites to see what they go for.
It is ultimately up to you how much you think your bike is worth.
It is ultimately up to you how much you think your bike is worth.
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Grand HDF Member
Joined: Mar 2007
Posts: 4,923
Likes: 266
From: Deep in the heart of New Jersey
Go to Ebay and see what they are listed for. Then click on completed sales, and look for a bike that sold and is that's closest to your bike. That will give you a good Idea what you can get for yours. Remember a dealer might get more because they can offer financing. I feel the mileage might turn some people off tho.,,
Ultimate HDF Member
Joined: Jun 2007
Posts: 9,193
Likes: 494
From: Richmond, VA
Yes! This seems to be the most overlooked tool available, and also happens to be the best research aid on the planet. It will show you not only what bikes actually sold for, but what people asked and DIDN'T get. If every bike in the range your asking sold, then your dead on in your asking price. If not a single bike in your range sold, your a dreamer. Either way, its the best way to gage used bike value I have ever seen.