This bike here... Yamaha R1 2008 | eBay sold last week for £4600 on an auction with no reserve. Clearly, the market decided how much that bike was worth according to the amount people were willing to pay for it. This bike here... 2008 Yamaha YZF-R1 1000cc Supersport BLUE | eBay is the actual same bike. The dealer has just bought it, picked it up, added £1399.99 to the price and stuck it back up on ebay. This is the reason people are asking big money for piles of junk. (Although this bike didn't seem to be a pile of junk, it's now worth £1400 more than it was on the 27th April.) It boils my piss that the dealers do this kind of stuff. It's aftermarket fairing too (I asked the original seller before it sold) but there is no mention of that in the dealers ad. And before you point out the mileages don't match, the description on the original ad describes it as just over 18k. This is defo the same bike as the R1 logo is an incorrect replica and a mistake on the paintwork. The discolouration on the Akras matches too.
In other news, this bike is going to end this morning and it's pretty cheap. Ducati 749 | eBay Low spec model and non-standard fairing but tax and mot, new shape swinger and 12k miles. Not a bad buy for the money.
How dare the dealer try and make a profit in order to pay his bills and feed his kids! If 'the market' decides he's asking too much, he won't sell the bike. If a mug punter comes along, happy days. Caveat emptor, as always...
They're all at it, so it has become normal to expect to pay that much. Not because the bikes are worth it but because its become almost impossible to find a bike advertised at a realistic price.
Of course they're at it, it's their job to do it! Your job is to beat the price back down again. You have to haggle.
Just because you think it's an inflated price doesn't mean it's not the market price. Anything is only worth what someone will pay for it. As Fig says if someone comes along and pays full whack then the dealer's happy. If not then they'll have to reduce the price. Shimples.
The market is driven by buyers, not sellers. If the prices are too high, the product won't sell, simple as that. A dealer may get lucky every now and then, but for the most part the price they advertise is their 'lucky' price, and it'll drop like a stone if they can sense a sale coming.
You should ask your local dealer what profit margin he has on new bike sales. You may be shocked at the answer. A guy near me makes just £80 profit one one particular model - and it ain't a scooter.
and then the monkey that bought will bring it back 6monthes latter quoting consumer rights because a bulb has blown on it. or its developed a misfire because said monkey has been jet washing it.
I think theres a trust issue as well.....had an R6 last year which left me in a much better condition than when I got it and when I got it, it only had 1700 miles on the clock....couldn't sell it for love nor money (5.5k at the time) - luckily I found a dealer that had the Hyper and I PX'd it in....they stuck I think from recollection about 1k on the price - they gave me 5 for it - I think it was on there for a week.... The R6 got forced on me.....the end of a nightmare, came well in the end though...don't think I can see myself getting rid of the hyper...if something came up it would have to be a good deal to say the least...
The cost of everything is going up, bikes included, and the higher new bike prices go, the higher used bike prices go. That's just the way it is. The fewer bikes a dealer sells, the more profit he has to attain from each of his successful sales. Cruel, but that's life innit.
Very strange as everything I try to sell on ebay is worth fuck all according to the person trying to buy it!
And just so you know - because much fewer new bikes have been sold in recent years, the values of recent secondhand models will remain artificially high, simply because there are fewer to choose from. I may just go and kill myself right now
I've put mine on motorcyclenews.com It cost £40 for 3 weeks in the paper and unlimited weeks online but I'm hoping it'll attract more serious buyers. I'd rather avoid eBay altogether this time.
Dealer has overheads, plus has to offer some form of g'tee, maybe do some additional prep work and will have it depreciated the longer he keeps it if he asks too much Good luck to em
Love these threads Honestly, wtf do you think car, bike or dealers in anything do? Buy and sell at the same price?
My point was that the entire second hand market becomes inflated because dealers buy the bikes that privately sell under dealer price and then sell them at dealer prices. So there is no option but to buy at a dealer price, when really consumers don't consider them to be as high in value.
