It's gotta go
That's what most people say when they overvalue their bike/car/truck/house/whatever.....
While that is technically a true statement, it doesn't mean that's the value of that year, make, model, of bike. It only means that in that place, and at that time, someone was willing to pay that much for that bike... I'm sure there has to be a more technical process that Black Book (and others) use to set their: Average Retail, Auction Wholesale, Clean Trade, Fair Trade, and Finance Advance prices... I was told it was buy collecting and averaging actual sales numbers, not asking prices...
That fact that someone bought a 2000 Harley that's been in a fire for $7K is proof that emotional buyers are unconcerned about a bikes actual value. You will never convince me that a 2000 Harley fire bike is worth $7000k, just because someone was willing to pay that much for it...
Many Harley buyers are emotional buyers. Emotional buyers are most often willing to overpay (for anything). They are certainly out there, more so in the Harley Market, but I don't believe they are a true measure of a vehicle's market value... As part of total sales numbers, they will/can influence a bike's market value... Probably why prices skyrocketed across the board during the pandemic
Unless I am mistaken about how Black Book and JD Powers decide on their prices (if someone knows I'm wrong about that, please school me on where they get their numbers), I'll trust their values, especially when buying a bike, over the opinion of the guy (or especially a dealer) selling it....
I am not against paying above "average market value" for a bike I believe is an above average example for that model/year bike... but that is a subjective evaluation that will change from person to person and bike to bike. Knowing the average market value will give me a place to start when selling or buying.
I'm also not condemning anyone listing a bike for over market value, in an attempt to find "that guy" who will want the bike so bad he'll overpay for it... "caveat emptor".....
Again, just sharing my personal opinion.....
Last edited by hattitude; Nov 30, 2022 at 10:56 PM.
While that is technically a true statement, it doesn't mean that's the value of that year, make, model, of bike. It only means that in that place, and at that time, someone was willing to pay that much for that bike... I'm sure there has to be a more technical process that Black Book (and others) use to set their: Average Retail, Auction Wholesale, Clean Trade, Fair Trade, and Finance Advance prices... I was told it was buy collecting and averaging actual sales numbers, not asking prices...
That fact that someone bought a 2000 Harley that's been in a fire for $7K is proof that emotional buyers are unconcerned about a bikes actual value. You will never convince me that a 2000 Harley fire bike is worth $7000k, just because someone was willing to pay that much for it...
Many Harley buyers are emotional buyers. Emotional buyers are most often willing to overpay (for anything). They are certainly out there, more so in the Harley Market, but I don't believe they are a true measure of a vehicle's market value... As part of total sales numbers, they will/can influence a bike's market value... Probably why prices skyrocketed across the board during the pandemic
Unless I am mistaken about how Black Book and JD Powers decide on their prices (if someone knows I'm wrong about that, please school me on where they get their numbers), I'll trust their values, especially when buying a bike, over the opinion of the guy (or especially a dealer) selling it....
I am not against paying above "average market value" for a bike I believe is an above average example for that model/year bike... but that is a subjective evaluation that will change from person to person and bike to bike. Knowing the average market value will give me a place to start when selling or buying.
I'm also not condemning anyone listing a bike for over market value, in an attempt to find "that guy" who will want the bike so bad he'll overpay for it... "caveat emptor".....
Again, just sharing my personal opinion.....
I have an 06 standard with a lot of cosmetic work, 15k miles and have been offered 11 as recently as September. I took it by the dealer and he said I should get 12 for easily. Problem is I don't want to sell it.










