Hello all I currently own a 2014 ( August ) multistrada 1200, 2002 miles, in pristine condition, I test rode a 2015 Dvt model which I quite liked from Riders in Cardiff, I thought I would enquire what part ex I would be offered against the newer model, baring in mind my bike would of cost over 13.5k ( with panniers) some 14 months ago, it still has manufacturers warranty until August 2016 ! I'm glad I was sitting down when the salesman hit me with the figure of what mine is worth according to the 'book' ...£7.5 k !! How can that possibly be right, when I know my bike would be up in the showroom within a few hours for well over £11k !! How much money do these dealerships need to make ?? !! ,can it possibly be justified ? Or is it just down right greed !!?? All I can say is thank God I didn't buy the bike new !!
Don't forget if you buy new you accept that you give the Exchequer their 20%. So your £13500 bike is actually worth £11250 as you ride off from the dealer. As a purchaser of a second hand bike I refuse to add your VAT onto the value of the bike. Still, depreciation does hurt!!!!
I think this is an artificial argument much used by salespeople who would have no hesitation in setting a resale price above that £11250 if the bike was to immediately return to the showroom. A bike is worth whatever anyone is prepared to pay for it.
Its a % game,high starting price more £ deprecation,its always been a costly move to sell within the first 12 months,as years pass it becomes less of a issue.Moral of the story,dont test ride the latest bikes,i am 100% happy with my 2013 PP,so dont see any need to test ride the new one,i take everyones word that the new dvt is better,just dont want to find out for myself.......just yet !!!!!!!
If you buy a new bike and then choose to sell within 18 months or so, then you will be throwing a lot of money at the change. I cannot understand riders who sell a bike so soon after buying it, unless of course it is not the right bike for them. My 2010 with 23K miles is still a great ride and has been great value for money since I bought it new. When I step off a new DVT and onto mine, I can't justify the change....but maybe next year? The 2014 bikes are probably fantastic 2nd hand buys at the moment and there's not a lot wrong with that engine.
One thing that you are paying for is the convenience of part exchanging. Drop in on your old bike and ride away on the new one. If you want to put a bit of work in and sell the old one privately then I am sure that you would get a better price for it and you might get a discount for not having a part ex on the new one. Dealers, like any business, are there to make money and nothing more. Many salesmen just see a bike as a unit and do not have any passion for them as us bikers do.
I've only ever bought 2 new bikes in my life, and only then because they were both heavily discounted and it made no sense to buy a 2nd hand one for the price difference. Everything else, I've bought good examples of used bikes where someone else has taken the financial hit. If you pay retail for a new bike, you must realise what's going to happen down the line. I've also never managed to sell a bike to a dealer (knowingly anyway). I offered my 1098s to my local dealer who made me a ridiculous offer. I politely declined and got £2k more a week later on eBay.
Ive never bought new. I bought my 1199S for 16k when it was 10 months old. I would imagine the chap who owned it before me would have been given 15k max for it by the dealer. So that means the first owner took a depreciation hit of £500 month. That would make me weep!:Arghh:
Typically a dealer will look for around about a £1500 profit on a used vehicle. Some people's expectations are miles out on what something is truly worth. Sell it yourself if you don't like the price offered or shop around a few dealers. A good starting point is to drop the details into webuyanybike to see what trade bids are going to be like.
Apparently you have not done the requisite miles to be considered a 'proper' biker and thus only own the bike as a lifestyle statement. It’s a form of snobbery
And he doesn't say how much he paid when he bought it second hand? All my bikes are worth more than what I paid, I like it better that way
They perhaps offer 30 days warranty, may even service it. The bike might sit in the show room a while.... Unless the sale guys are commission only, the show room is owned outright and they don't care the building is worth money used or not, or about the bills they pay.. Businesses in the UK have hugggge overheads (most people who are employed do not care about this but would struggle without them) Yes they may make lots of money but gross and net are two different things. You have to make money to ride out the bad times too. I bought a new R6 when I was younger on finance, thrashed it crashed and fixed it, it sold for enough to pay the outstanding finance off (happy with that) and it was a lot cheaper to do it that way than hiring it would have been if that is even possible. Horses for courses unfortunately but you have a choice. However with rising costs to run a business in the UK and tax don't expect things to get much better for the customer.
If your talking ex Viva Moto, now Rite Bike (we buy any bike), they buy cheap and sell cheap. There are 2 (a .com and a .co.uk) I bought a 750S4 MV with 4500 miles on from them that they paid £4800 for from large dealer Appleyards in a bulk buy of trade ins - they sold it to me for £5100. As a dealer they don't rip buyers off and the sellers obviously agree what they will accept. Not a bad business working on quick turnover with keen prices, I have bought 2 bikes from them. Not sure what their aftersales would be like but they buy cheap and sell cheap so should be applauded
