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Pricing Guidelines?
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Road Captain
Joined: Jul 2007
Posts: 584
Likes: 2
From: Woodstock, GA
Pricing Guidelines?
I was wondering what everyone uses to determine the asking price of their motorcycles. I might be putting a Sportster up for sale. With cars you've got the Kelley Blue Book, NADA, Edmunds, and probably more I don't know about. I've seen the motorcycle part of the Blue Book but is that it? I guess you could get a sort of national average by searching for completed listings on Ebay but other posters have said Ebay prices tend to be inflated. You could use the same strategy with HD Trader but I don't know much about their success rate and price accuracies. What do the banks use to determine how much to loan?
Any and all comments and suggestions are appreciated. Thanks everyone!
Any and all comments and suggestions are appreciated. Thanks everyone!
Thread Starter
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Road Captain
Joined: Jul 2007
Posts: 584
Likes: 2
From: Woodstock, GA
RE: Pricing Guidelines?
ORIGINAL: RKHarley
Ask what others are asking - market value.
If you really need to sell it now, ask lower... there are plenty of Sportsters here to give you an idea.
Ask what others are asking - market value.
If you really need to sell it now, ask lower... there are plenty of Sportsters here to give you an idea.
Banned
Joined: Oct 2006
Posts: 545
Likes: 0
From:
RE: Pricing Guidelines?
Read the ads here.
One late model 1200 XL Custom not selling here at $7K. My 2005's @ $8K - no serious calls.
If you have an 883...price accordingly ($5K?) and good luck.
You can also price a little higher on Craigslist/Autotrader/etc. - you might get lucky.
Why don't you tell us exactly what you have and I'm sure someone here will tell you what to ask?
Don't forget the pics and location!
One late model 1200 XL Custom not selling here at $7K. My 2005's @ $8K - no serious calls.
If you have an 883...price accordingly ($5K?) and good luck.
You can also price a little higher on Craigslist/Autotrader/etc. - you might get lucky.
Why don't you tell us exactly what you have and I'm sure someone here will tell you what to ask?
Don't forget the pics and location!
Tourer
Joined: Apr 2007
Posts: 317
Likes: 0
From: Cadiz, Kentucky
RE: Pricing Guidelines?
Supply and Demand. If you have something that everyone wants and the "for sale" supply is linited it will bring top dollar. I have all my bikes listed on here trying to streamline for another project. I used KBB average retail and trade in and found a price I could live with. I sold the ole lady's 05 883C sportster with 6k miles, 3 seats and windshield, sissy bar and luggage rack with 60 days warranty left for $5400.00. If the market is flooded with the bike you have for sale you have to make it eye catching and the money has to make it a better buy than the other guy's. Reality is there are hundreds of people out there that walked into the local HD Dealer and signed on the dotted line with nothing down and low payments for a bunch of years with a high intrest rate. they have made several payments and are either tired of the bike or just want something new and they get the idea that they will sell it and get something new. When they find that payoff is more than they give for the bike to start with they have no choice other than to ask some super high price for the bike. The best thing to do is decide what you got to have for the bike taking into consideration the good you have got out of it and price accordingly. The days of buying Harleys and riding for a couple years and getting all of your money back or even making money is long gone for the most part. There are exceptions to this and there are still poeople walking into the local HD Dealer and plopping down 18 grand for for a two or three year old bike with little or no goodies on it. The bottom line is this, its your bike and you have to be happy with what you get out of it. If you want to sell, price it to sell, if you want it to sit in the garage price it to sit in the garage. Hope this helps.
Tim
Tim
Cruiser
Joined: Jan 2007
Posts: 205
Likes: 0
From: Augusta, GA
RE: Pricing Guidelines?
I used Kelly Blue Book (kbb.com) to get the retail price for mine, then I priced it 15% lower. The retail priceKBB uses figures in a completely serviced and ready to ride bike from a dealership. When I buy from an individual, the first thing I do is to have the bike completely serviced by my mechanic, even if the seller tells me its already been done. If you buy below retail, then service it, you still come out ahead.
A lot of the banks use KBB values to determine the loan value, which is usually 80% of retail, but everyone knows a Harley holds its value better than any other brand, so if you have good credit the banks may go higher on a HD.
good luck, and make sure you have good pics when selling it on-line.
A lot of the banks use KBB values to determine the loan value, which is usually 80% of retail, but everyone knows a Harley holds its value better than any other brand, so if you have good credit the banks may go higher on a HD.
good luck, and make sure you have good pics when selling it on-line.
The Schlong Man
Joined: Mar 2007
Posts: 3,772
Likes: 4
From: Nantucket
RE: Pricing Guidelines?
If you really want to sell your bike, your best bet is to go to traderonline.com do a search of all bikesthat are the same model and same year as yours that are within 25 or 50 miles of your zip code and price it less than any of those that you see.
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Road Captain
Joined: Jul 2007
Posts: 584
Likes: 2
From: Woodstock, GA
RE: Pricing Guidelines?
Thanks everyone - great points all. I'm not sure I'm going to be selling my Sportster but I just wanted to do some groundwork in case I do. All of your methods and philosophies make perfect sense. I've only been a Harley owner for 5 months but I've already figured out we love our machines so much, we tend to overvalue them, especially when it's time to say goodbye to them. I also know I became over passionate and obsessed the day I bought mine and I'm sure I overpaid but I drove home with a new bike that noone has ridden but me and a 2 year warranty. I will only regret it if and when I decide to sell and do the math on loan payoffs, etc.
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Elite HDF Member
Joined: Oct 2006
Posts: 4,602
Likes: 5
From: Southern California - Palm Springs Area
RE: Pricing Guidelines?
HERE IS BUT A FEW:
NADA : http://www.nadaguides.com/home.aspx
KBB: http://www.kbb.com/
CYCLE TRADER: http://www.cycletrader.com/copyright.html
HD TRADER: http://hdtrader.com/index.asp
HD4SALE: http://www.hd4sale.com/
NADA : http://www.nadaguides.com/home.aspx
KBB: http://www.kbb.com/
CYCLE TRADER: http://www.cycletrader.com/copyright.html
HD TRADER: http://hdtrader.com/index.asp
HD4SALE: http://www.hd4sale.com/
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