What would you offer?

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Jul 26, 2015 | 08:05 AM

Wildon883R

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Road Warrior

Joined: Jun 2010

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What would you offer?

2013 Street Glide with 5000 miles. Private seller has it listed for $17,000
KBB has trade in at $14,600 and MSRP at $18,100. It's 1k under what a dealer would price it. Its mid summer as well bike prices are not going to move much at a dealer. I'm considering an offer of $15,500 cash in hand. What do you think? I got the go ahead to pull a trigger on a new 2016 SGS but i could possibly save 7-8k buying slightly used. I'm all about steal of a deal buying lol. TIA

Jul 26, 2015 | 08:25 AM

osuhd

Tourer

Joined: Jul 2014

Posts: 327

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From: GO BUCKS

Would start at $14500 and work way up, pending what has been done $16k max offer . It's reasonable and its summer time pretty much bad time to sell.

Jul 26, 2015 | 08:31 AM

babygorilla

Road Captain

Joined: Jul 2014

Posts: 684

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From: Weymouth, MA

Quote:

Originally Posted by osuhd

Would start at $14500 and work way up, pending what has been done $16k max offer . It's reasonable and its summer time pretty much bad time to sell.

Jul 26, 2015 | 09:35 AM

OwnerOfHarriet

Road Master

Joined: May 2008

Posts: 1,178

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From: Central Calif

check the NADA pricing, it is more geared to individuals, as KBB is more for dealers. -- I would say a max of 15,500

Jul 26, 2015 | 09:36 AM

GTK

Seasoned HDF Member

Joined: Feb 2006

Posts: 6,680

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From: South Florida

If seller is looking to buy newer bike and wants more trade in money than dealer allows,start at 1,000 over book trade in and work from there.If seller has a written trade in estimate from dealer,ask to see it and work from that figure remembering in most States if you trade a vehicle in you get the trade in tax exempt amount on the newer vehicle.A seller thats done their homework will figure that in to their asking price.

Jul 26, 2015 | 01:13 PM

beary

Grand HDF Member

Joined: Mar 2007

Posts: 4,928

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From: Edmond Oklahoma

Quote:

Originally Posted by GTK

I had to ask my CPA wife if that was true and it is not in Oklahoma.

That being said, I agree with the first sentance. I buy and sell a lot of bikes and my goal is to get roughly within $1000 of "trade in" because that gives the seller extra cash for their next bike and some wiggle room to sell the bike if I chose to not keep it. When a bike is priced around the middle of the retail range. An $1000 above trade in is usually a good place to get negotiating started. If you are not willing to go above that price, it is a good number for the seller to have as a back up when they arent getting any other offers.

High end bikes like Harley touring bikes, BMWs, and Gold Wings typically sit for several weeks and only get just a few offers unless they are on the bottom of the retail estimate. Every Harley I've sold was to the first person who made a serious enquirey and it was for the asking price. high end bikes have a very limited source of buyers who can afford them.

Also, I don't recommending low balling as some have suggested because it can bias the seller against you. I don't even bother responding to low ball offers. My last buyer had to make four offers before I took him seriously. Great deals usually start out as good deals. Great deals starting out usually go fast. I get a steel of a deal of a deal once in a while when I watch the ads closely.

If I were you, I would offer $1000 above trade in.

Beary