Resale Values
Why so it can sit in the garage? If he cant ride the one he has, how would he ride a new one?
Acc don't mean anything to a would be buyer and the low mileage would scare me. Tells me the bike hasn't been ridden and I may be investing in a lot of seals and gaskets. I like bikes that have a good amount of miles, if someone is racking up the miles they are usually taking care of the bike. Besides that if you don't like the prices don't sell. Everyone is looking for a bargain and your bike is 1well frame and engine to old (new frame 09, new engine 103). Might want to keep it and enjoy
If you don't need to sell it, I'd hang onto it into the Spring. It won't be worth any less in 4 months, and there will be more buyers, a better chance you'll get a fair price.
Common wisdom is you can't tack the cost of accessories onto a bike's asking price very successfully. You'll wind up inflating the price to the point where you got no takers. As others have said, if you have a 'feature you've added that the potential buyer would do himself, then that's a selling-point for that particular person. But it's not a justification to raise the price in general (but maybe a reason to hold the line with the guy who's interested). And it might even be a negative for some people (who aren't interested or who might even be turned-off by the 'upgrade').
The frame is like any other feature. If a guy is hell-bent on a 'new' design frame, he's probably not even going to look at our pre 09 bikes. So the frame--like any other basic feature peculiar to the 07 model year--isn't going to lessen the value of the bike so much as it will limit the potential customer base. Not really the same thing, i.e., if a guy's interested in your bike, the frame is not going to be a particular issue to him. But if he wants the 'new' frame, he's not going to be interested in your bike. (I think that makes sense...)
Certainly if you want to sell it fast, you can lower the price to the point where someone will snap it up on general principles. But it doesn't sound like you need to do that.
The question for me, at this point, is will you be able to beat the $13.2K you're being offered now? My honest opinion, based on having sold (and bought) several bikes over the past few years is, that's a very fair price coming from a dealer. They usually are pretty constant (mine always offers KBB trade-in) so you probably won't get any less during the model year than what they've offered you already. So you got some time to try for more.
You might get more than the $13.2K if you sell it privately. If your dealer's offering 13.2, I'd presume the going price in your area is at least three or four grand more. If you price it a couple grand below that, with the extended warranty and low mileage, you got a good chance of getting your price. (BTW, always price it above the minimum you'll actually accept...so you got some negotiating room).
Not sure about the 'risks' of a private sale. Sell it cash-only, and do the transaction at your bank. They can run the bills through the machine (looking for counterfeit), you'll sign the pink, and turn the bike over.
DO NOT offer a test ride. Do the sale as described (bank/cash), then let the guy ride it. If it's as you say, then there will be no issues. You can ride it FOR the guy, too, if he's skeptical.
To get more than $13.2K, it sounds as if you're going to have to do a private sale. If you're not willing to sell it yourself, then take the $13.2K now, and charge the rest off to convenience.
Good luck...
alan
Common wisdom is you can't tack the cost of accessories onto a bike's asking price very successfully. You'll wind up inflating the price to the point where you got no takers. As others have said, if you have a 'feature you've added that the potential buyer would do himself, then that's a selling-point for that particular person. But it's not a justification to raise the price in general (but maybe a reason to hold the line with the guy who's interested). And it might even be a negative for some people (who aren't interested or who might even be turned-off by the 'upgrade').
The frame is like any other feature. If a guy is hell-bent on a 'new' design frame, he's probably not even going to look at our pre 09 bikes. So the frame--like any other basic feature peculiar to the 07 model year--isn't going to lessen the value of the bike so much as it will limit the potential customer base. Not really the same thing, i.e., if a guy's interested in your bike, the frame is not going to be a particular issue to him. But if he wants the 'new' frame, he's not going to be interested in your bike. (I think that makes sense...)
Certainly if you want to sell it fast, you can lower the price to the point where someone will snap it up on general principles. But it doesn't sound like you need to do that.
The question for me, at this point, is will you be able to beat the $13.2K you're being offered now? My honest opinion, based on having sold (and bought) several bikes over the past few years is, that's a very fair price coming from a dealer. They usually are pretty constant (mine always offers KBB trade-in) so you probably won't get any less during the model year than what they've offered you already. So you got some time to try for more.
You might get more than the $13.2K if you sell it privately. If your dealer's offering 13.2, I'd presume the going price in your area is at least three or four grand more. If you price it a couple grand below that, with the extended warranty and low mileage, you got a good chance of getting your price. (BTW, always price it above the minimum you'll actually accept...so you got some negotiating room).
Not sure about the 'risks' of a private sale. Sell it cash-only, and do the transaction at your bank. They can run the bills through the machine (looking for counterfeit), you'll sign the pink, and turn the bike over.
DO NOT offer a test ride. Do the sale as described (bank/cash), then let the guy ride it. If it's as you say, then there will be no issues. You can ride it FOR the guy, too, if he's skeptical.
To get more than $13.2K, it sounds as if you're going to have to do a private sale. If you're not willing to sell it yourself, then take the $13.2K now, and charge the rest off to convenience.
Good luck...
alan
Last edited by AlanStansbery; Dec 12, 2011 at 07:32 PM.
The used motorcycle market will not get any better any time soon. It's a good time to be buying and a **** poor time to be selling. Don't get in a hurry. Ask a reasonable price for your area and stick to it.
Good luck!
Good luck!
You should have ridden lot more so it won't hurt that bad for depreciation, it's 5 year old vehicle regardless what you do it the value will take a dump.I'll be happy to get $12K for mine after all I had fun riding it for last 5 years.For all the accessory once it used it's only brings in whatever you get from selling it in a garage sale.
Last edited by Punjabi Rider; Dec 12, 2011 at 07:54 PM.







