imported post
imported post
tomcycle wrote:
Talk to anyone in the auto industry (includes motorcycle)
You have a 5000 bike with 3000 of accessories
, unfortunately you will have to find someone who wants your bike and is willing to pay for the accessories. That will be a long hard wait usually.
Tom
That is correct. Working in theautomotive industry has certainly re-wired my brain as to the value of used vehicles (bikes, cars/trucks, 5th wheels, etc). Not to go into any sort of detail, the
absolute short list ofthings I'd consider in valuinga 2007 trade-in would be:
1. what does a brand new 2009 model retail for?
2. what is the real retail price of the 2009 after any manufacturer rebates. Any rebates are "mentally deducted" from the price (i.e., buy-in cost) of the used bike.
3. what major changes have happened between model years 2007 & 2009? Things like fuel injection, better suspension, etc,aremore "mental deductions".
4. what would I be willing to sell my 2009model for since I need to make room for the incoming 2010's? Any further in-store price cuts are, you guessed it, more "mental deductions" from the value of the used 2007.
5. what is the monthly paymenton my clearance priced 2009 factoringsubventedfinancing rates? If the rate is say 1.9% for example, how much would the payment compare to the used bike using a bank rate for a person with an average credit rating? If these figures are too close, then there's more "mental deductions".
Using the above points (& other stuff too long to list) I'd come to a figure for a used 2007.
The farkles added would hardly enter my mind & I usually I pretend they're not even there.
For the most part, bike prices are too small to take advantage of any tax savings by trading it in on a new one, & private sales are usually the way to go. However, my above thoughts are still valid if you sell it privately since the process would be contemplatedby an informed consumer rather than a dealer.
