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Old 12-25-2012, 02:29 AM   #1
Nuclear
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How to price a used motorcycle??

First off, I want to say I have never purchased a motorcycle before. I am looking into getting my first bike in January so I am shopping around.

I have purchased plenty of used cars before using KBB as my primary guide. KBB takes into account not only the model of the car but also the mileage and condition of the vehicle. The pricing guides for motorcycles (NADA/KBB) give the suggested list price, low retail price and average retail price but how are those prices affected by mileage/condition/modifications to the bike and how would I adjust those prices if I were purchasing from a private seller?

For example, I am highly interested in this person's ad for a 2009 SFV650. They are asking 5k which is 500 over the retail value from a dealer (KBB). Assuming the bike is in excellent condition, what price would you ask them to meet considering 1) they are a private seller 2) there are modifications made on the bike.

Thanks!
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Old 12-25-2012, 05:17 AM   #2
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3500 - 4500. Price fluctuates between 4500 - 5500 it seems. cash is always king if you show a buttwad of cash, usually makes persuasion on your favor.

ask yourself this. When buying a bike, do you take into consideration the modifications? For example, If I paid 5000$ for a paint job, would you add that to the Suggested price of the car?
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Old 12-25-2012, 05:53 AM   #3
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You usually don't get anything for mods unless it's high dollar aftermarket stuff like an Ohlins Suspension, and even then it's depreciated. If that's only a slip-on and not a full exhaust I wouldn't add that to the value of the bike or any of the other mods he has listed for that matter.

Only a dealer gets full retail because they have overhead. Private party sales are always a lower price.

Best thing to do is shop around and compare similar models.

Offer what you're comfortable paying.

I'd have a shop check out the bike before you buy it.
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Old 12-25-2012, 06:06 AM   #4
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when i look at a used bike, i am thinking about the max i want to have in the bike when i am finished with it...so i look at the mods with a view of what i am going to take off and replace with something i like and what things i am going to add, i figure that cost against my total and decide what i can pay for the bike and negotiate from there...like bevo said the mods someone else has on a bike does not really add any value for me unless it is a mod that i was going to make with the equipment i was going to add anyway...
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Old 12-25-2012, 06:20 AM   #5
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Consider insurance and operaton costs also.
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Old 12-25-2012, 12:15 PM   #6
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A bike is worth what the payer thinks. Remember: money rules, he who has the money makes the rules. Always negotiate. Agree on having a dealer check out a bike with more than 5000 miles or so or any super sport likely to be abused.
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Old 12-25-2012, 12:56 PM   #7
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Blubook is mostly for reference only. Sale price is whatever the seller is willing to let go and the buyer is willing to pay. With a rare exception, the bikes I've recently bought and sold have all been quite a bit below KBB and NADA.

Personally, I don't like a bike larded up with go-fast parts. It communicates to the buyer that the owner probably rode the bike accordingly. The more mods you throw on, the less buyers might agree with your choice of parts. That's why mods don't sell well.
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Old 12-25-2012, 01:00 PM   #8
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Btw, if you are interested in the Gladius, RacerX might still have his for sale here on MH. Mostly stock and in mint shape.
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Old 12-25-2012, 08:31 PM   #9
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Ok thanks for the information everyone. I think I will just aim for 80-85% of the retail price for a private seller, ignore modifications and try to get the bike inspected prior to the sale.
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