I went into Ducati Manchester this morning to have my first look at a 899 not too sure what to think yet until I have ridden one but one thing is certain it's certainly isn't a 1199 which I have personally want to go for, anyway I asked for a p/x price on my 848 evo corse se which was coming out a round 8k which is a set of 4.5k hit on the price that I paid for it new I was expecting somewhere around the 9k mark but the sales rep said they were booking around the 6k mark, one thing is for certain I will not be buying a brand-new 899 from them
Sad but demonstrates the cost of buying new - I'm just buying a 3 year old Lexus with 21k miles and multimedia pack. It cost £30k in 2010 and the dealer is charging £14k, which means he bought the car for probably around £10-11k
Understand where your coming from but that is the cost of buying new. I just sold a 12 month Triumph Explorer and lost loads of money mind you I did ride it for 12000 miles. The other problem with new Ducati bikes is they are constantly bringing in New models which knock the shit out of your second hand bike. I have just bought a very low miles mint 996 and hope to keep its value. Ride safe all Ken.
It pays to shop around. When i purchased my 848 i got 1k more for my trade in and £700 less for the Ducati compared to the lowest offer plus 30% off any add ons. I saved about 2k over what i would have paid had i taken the first offer. The only downside is you may have to buy out of your area as i did but that didn't bother me much. About 40% of the dealers i approached never even returned my call so selling bikes doesn't seem to be high on the priority lists for some. Some big names were amongst them too.
If you are worried about retaining value then please don't buy a new 1199 or 899. You may get a lovely warranty and know that no one has given it a damn good thrashing but in my opinion only buy new if you don't care about depreciation or you plan to keep the bike or car for several years. I`m sure the 899 will be about half a nano second faster to 150 than the 848 and possibly a bit shinier too but will you be able to tell the difference? Maybe keep your bike a while longer and laugh in the face of depreciation !
I got my brand new 1198 in 2011 for 11k from Ducati Aylesbury. I think they sold new for 14-15k. Mine was a 2009 model old stock without DTC and DQS. So I saved 3-4k. Now ive retro fitted DTC and DQS to the 1198. Retro fitted for £450 total. Never buy a new bike. Always buy one at least a year old. I bought new coz it was a choice between a secondhand 1098S or a brand new 1198. The standard ohlins on these arent that much better than the showa anyway, especially once the showa have been set up okay. It was the extra 100cc's and 10hp that swung it for me. So I could top trump mate on his 1098.
Never trade in! Sell it privately! I know our favoured brand is on the obscene side of rude for pricing new - but that level of depreciation is veritably anti-social! I bought a new Triumph Speed Triple nearly three years ago and paid in the region of 8.6k for it I think. If I sold it privately I could still get around 6k for it - that's a reasonably acceptable rate of depreciation I reckon...
I think the main problem is that the 899 is the latest model out, and the out going 848 may not be so popular, hence the big drop in the px price. My 848 was a 2009 model px against a 1199s last April and got £7000 for it, which I thought was not bad and it had 10,000 miles on it, and I bought it new at £9,500.00 in 2009. Personally I think the timing of things is very important, ie when a new model is being launched is bad news.
Trade in is always going to be shite, their view is that it will have to go through their workshop, probably need some bits and bobs doing to it and then they have to retail it, make a profit and provide a warranty, so you end up providing them with a healthy margin which means you end up getting sod all for it.
It depends on your dealer and what he's prepared to do for you. I have a really good relationship with mine and if I want to chop something in, I give him my bike to sell for me. He sells it at retail and doesn't take a commission as I ask him to put the proceeds towards the new bike. It works wonders for me and lost hardly anything when I chopped in my 1098S for my Bayliss 1098R.
My 848evo was £8500 with termis etc. privately, guy I bought it from had paid £12,100 for it 13 months before and done 900 miles........... Personally if I had the Corse I wouldn't be thinking about an 899, I wish I'd gone for one really....... Sell yours privately and get an 1199 panigale again privately.
It's the law of depreciation. you'll loose about 20% in the first year, 10% in the second, 5% in the third and so on. I bought a new 1098s in 2007 for £14,500 and now almost 7 years on it's worth about £7k. So the only way to reduce your depreciation rate is to keep hold of it for years. Now my bike is probably only loosing a few hundred a year.
Didn't mean to sound to smug in previous post, bought a thundercat and 748bp brand new before so ive been bitten twice before !
Its also that time of year when no one is really looking at getting a bike so the dealers don't want to get one in part ex as it will sit there for months.... I got my 848 Corse end of July, 3 dealers offered between £3k and £4k for the old 749S. The dealer that took it in the end appear to still have it 3 months later..... I took on the Corse knowing pretty much that there would be an 899 coming. Whilst I like the look of the 1199/899 series and I am sure the 899 is 3mph faster or something, I still prefer the looks of the 848 and hopefully in 2 years and 9 months when I get to the end of the PCP the value will have stabilized a bit and still be worth more than the balloon payment. When I was looking at the PCP, a 3 year old 848 (non Evo, non Corse) was selling at around £7-8k so surely the Corse one will be a bit more..... Well hopefully!
Sold my 4 year old 848 px for a 1199s got £7,000 for it I think if you are really concerned about depreciation values dont buy a car or a bike, especially if its financed. Once you add in the interest against the total paid it would be a huge depreciation, but you only live once and you can only do certain things at certain stages in your life. Its no good wondering in a few years thinking when I was younger I should have bought this its too late, if you want it and can afford it go for it.
bought a mts 1200s from a dealer advertised with 5250 miles on clock, took it out for test ride and the speed shoed in kph, pushed the buttons to change to mph and whoopee the mileage change to 3300 took bike back and did the deal. good old blackpool honda
This. If you swap bikes between models - a new one replacing your old one - you're always going to get a rough deal. It's normal: people want the new thing. If you swap when the model's been out a couple of years and yours is still current, then you'd expect a better deal. I don't have a lot of sympathy for complaining about depreciation. These are toys and depreciation is part of the expense of owning them, like petrol and insurance. If you hang on to your bike for a few years, then the depreciation can be divided by a longer time frame. My Alfa is now worth nothing. I need to change its suspension after 13 years and 120k miles. This will probably cost me half of what it's worth (book value) or more. On the other hand, I've had it from new and like it. Apart from soggy suspension, it's not noticeably worse than the day I bought it. So in my view, well worth keeping going. Its depreciation is now also zero, so every year of use is a cheap one. Similarly my 7 year old 999 is worth next to nothing, I imagine. But it's still great to ride, does all I need it to, so I don't really need to change it. It can't be costing a whole heap of depreciation now. But if you want the latest gizmo, be prepared to pay for it one way or another.
I bought a Monster EVO Anniversary in June as an ex demo, paid £7500 for it which I thought was a pretty good deal ( shows you never to buy new ) for a 200 mile £9700 bike. Like you looked into part ex back in September and was offered between £6 - £6500. All the new bikes I've had lose 30% the minute you take them out the showroom but you can reduce that slightly by selling private but still think you have to be prepared for upto 30%. As already said wrong time of year and the longer you keep them the less painful it becomes.
In general, dealers tend to offer 30% below forecourt price on any trade in`s. The "private" sale price is usually about half way between the 2, so 15% below what a garage would sell their vehicles for. Its a catch 22 situation. You may be able to get a better price privately, but it may take a longer time to sell, especially if its the wrong time of year. So it depends on how much the money matters to you and how desperate you are for a sale. I faced the same situation when I came to sell my old car. It was a Nissan 350z Roadster. Fully loaded with every optional extra ticked. Cost £34k new, I bought it when it was exactly 4 years old for £17k. So, it had halved in value over the first 4 years. I had it just over a year and as it was costing me about £1400 a month on running costs (petrol, insurance, depreciation, servicing, tyres etc) I couldnt afford to keep it any longer. Private price would have been about £12k, garage offered me £9k as a part ex. As it was winter and convertibles dont really sell well, I went for the part ex. So I "lost" about £8k in just over a year on it. Had the car been desirable to a wider audience, like the VW Golf I sold before that, id definitely had gone for the private approach. When I sold my golf, the dealer offered me £700 part ex, and I got £2500 privately just by advertising it on ebay 99p start with no reserve.
