Page 1 of 2 12 LastLast
Results 1 to 10 of 18

Thread: Bike values?

  1. #1
    2 YEAR PREMIER MEMBER preynol1's Avatar
    Join Date
    May 2017
    Location
    Hockley Essex
    Posts
    322
    Thanked: 213

    Bike values?

    Had my 17 plate, 12k mile, sport valued today at an Essex dealer. The best they can offer is £10k!
    Thatís almost £5k lost in 21months.
    I know it just after Xmas and the new ones due out soon. But the salesman told me the market was still good, just before offering that.

    Anyone else got any comparable figures.
    With that loss in value buying a new bike doesnít make sense.



    Sent from my iPhone using Tapatalk

  2. #2
    Standard Member s14silvia's Avatar
    Join Date
    Apr 2018
    Location
    Scotland~Ayrshire
    Riding
    2017 s1000rr
    Posts
    11
    Thanked: 1

    Re: Bike values?

    Itís probably the mileage thatís against it Iím guessing, I paid 14k in the summer for a 67 plate with 1000 miles on it from mottorad

  3. #3
    Forum Admin soofsayer's Avatar
    Join Date
    Aug 2013
    Location
    York
    Posts
    5,804
    Thanked: 2020

    Re: Bike values?

    I agree that its a lot to drop so quickly.

    Book values come from the prices recorded in the trade which determines what the dealer will then generally offer. Trying to trade in when a new model is launched will always be a bad time to trade. The market already has enough demand to push out delivery slots, so the thought of bidding over book on a trade-in when there’s a line of profitable customers already in place would be foolish. Wait until this time next year and you’ll likely get a much better deal, meaning a year of depreciation free biking in the meantime.

  4. #4
    2 YEAR PREMIER MEMBER preynol1's Avatar
    Join Date
    May 2017
    Location
    Hockley Essex
    Posts
    322
    Thanked: 213

    Re: Bike values?

    It was a bit of a rant!
    I knew you lose money as soon as you leave the dealer, but not so much!

    I did some digging on the internet and itís not a bad price currently from a dealer.

    I was only looking to swap for a new plate. Think Iíll keep it.


    Sent from my iPhone using Tapatalk

  5. #5
    2 YEAR PREMIER MEMBER phil's Avatar
    Join Date
    Sep 2011
    Location
    Essex
    Riding
    KTM Superduke GT
    Posts
    2,086
    Thanked: 393

    Re: Bike values?

    Quote Originally Posted by preynol1 View Post

    I did some digging on the internet and it’s not a bad price currently from a dealer.

    I was only looking to swap for a new plate. Think I’ll keep it.


    Sent from my iPhone using Tapatalk
    Paul, have you got a 2nd bike?

  6. #6
    2 YEAR PREMIER MEMBER preynol1's Avatar
    Join Date
    May 2017
    Location
    Hockley Essex
    Posts
    322
    Thanked: 213

    Re: Bike values?

    No not anymore gave both up for the BMW.


    Sent from my iPhone using Tapatalk

  7. #7
    Standard Member Beavis's Avatar
    Join Date
    Jan 2015
    Location
    Falkirk
    Posts
    605
    Thanked: 94

    Re: Bike values?

    Always the same, dealer tells a seller one thing and a buyer another. I paid £15500 for my 15 4 years ago come May. Mines is sitting at just over 9k miles and much as I'd love the all singing and dancing New one there's no way I'd pay ( at least ) another £9k to have it. My days of buying brand new bikes are now gone unless I have a lottery win or my long haired Fife mate is gonna treat me.

  8. #8
    LIFETIME FORUM MEMBER JimmyMac's Avatar
    Join Date
    Jul 2015
    Location
    Windygates, Fife
    Riding
    HP4 Carbon Pink
    Posts
    3,317
    Thanked: 1719

    Re: Bike values?

    I can push it out to an Oban fish supper Dunc, that's about the price of a new Ducati.

    Heard all the guff from dealers before too, bought a brand new Mini for £16500 in 2010 and was told if I brought it back within 3 years I would get £13500 as a trade in against a new one as long as the mileage was below 35000. Dawn was using it for Uni and by two years old it had 32000 on the clock.
    I took it in to get a new one and the same person offered me £9000 for it, when I stated what they told me when I bought it all they said was "things have changed". Needless to say I still have it, it's still perfect and now has 150,000 plus on the clock. I will donate it to a youngster when I run out of the need for it.

    I always buy cash for all vehicles and try to get the best deal I can but dealers aren't even fussed as they would rather sell on PCPs and get commissions from the finance companies.

    The new S1000RR looks brilliant and I am positive it will be a huge leap forward in performance, but it doesn't make the current bikes redundant. But someone who's livelihood is reliant on selling will tell you different.

    JimmyMac

  9. #9
    Standard Member Beavis's Avatar
    Join Date
    Jan 2015
    Location
    Falkirk
    Posts
    605
    Thanked: 94

    Re: Bike values?

    Quote Originally Posted by JimmyMac View Post
    I can push it out to an Oban fish supper Dunc, that's about the price of a new Ducati.

    Heard all the guff from dealers before too, bought a brand new Mini for £16500 in 2010 and was told if I brought it back within 3 years I would get £13500 as a trade in against a new one as long as the mileage was below 35000. Dawn was using it for Uni and by two years old it had 32000 on the clock.
    I took it in to get a new one and the same person offered me £9000 for it, when I stated what they told me when I bought it all they said was "things have changed". Needless to say I still have it, it's still perfect and now has 150,000 plus on the clock. I will donate it to a youngster when I run out of the need for it.

    I always buy cash for all vehicles and try to get the best deal I can but dealers aren't even fussed as they would rather sell on PCPs and get commissions from the finance companies.

    The new S1000RR looks brilliant and I am positive it will be a huge leap forward in performance, but it doesn't make the current bikes redundant. But someone who's livelihood is reliant on selling will tell you different.

    JimmyMac
    I'll keep you to that fish supper mate.

  10. The Following User Says Thank You to Beavis For This Useful Post:


  11. #10
    1 YEAR PREMIER MEMBER MacRR's Avatar
    Join Date
    Mar 2015
    Location
    Rutland
    Riding
    KTM 1290 SDR
    Posts
    2,142
    Thanked: 711

    Re: Bike values?

    Quote Originally Posted by Beavis View Post
    Always the same, dealer tells a seller one thing and a buyer another. I paid £15500 for my 15 4 years ago come May. Mines is sitting at just over 9k miles and much as I'd love the all singing and dancing New one there's no way I'd pay ( at least ) another £9k to have it. My days of buying brand new bikes are now gone unless I have a lottery win or my long haired Fife mate is gonna treat me.
    I think the problem is also that the market for sportsbikes is shrinking all the time, you can get some serious discounts on new prices at the moment which can only depress secondhand values. I have to say I am tempted by the gen 4, although I'll need to ride one first.. but if I do I'll go or an ex demo bike at the end of the season and save some dollar.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •