And the "Overpriced Beginners Bike of the Week Award" goes to...

[Scorp]

So, I'm a newbie who's shopping around for my first bike, and what I'm finding on Trade Me is that there are a lot of second hand bikes that are way overpriced.

So I thought I'd have a little constructive fun by starting an "Overpriced Beginner's Bike of the Week Award."

Based on the 20/20 rule of thumb for depreciation: that a new bike depreciates by around 20% the minute you drive it out of the showroom, and then by 20% every year after that, posters can nominate Trade Me listings they think are the most overpriced. Then at the end of each week, I'll pick a winner, taking other factors like damage and mileage into consideration.

You never know, we may even shame some unrealistic sellers into re-listing at more sensible prices.

Anyway, my nomination for the week goes to this little doozie...

2008 Kawasaki Ninja 250 - asking price, a wopping $7,000 (http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-277756571.htm)

:gob:

Yep, that's a two year old, second hand Ninja with 5k on the clock and an unknown history for $7,000 when anyone in NZ can buy a brand new, fresh out the box 2009 model (http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-217546862.htm) from a dealer with 2 years warranty for just $995 more.

By the 20/20 rule of thumb above, that's at least $2,000 overpriced, maybe even as much as $3,000 depending on when it was registered!

:spanking:

P.S. I'm not advocating that beginners buy new bikes - just that people selling second hand beginner bikes get real about prices.

« Post your nominations for "Overpriced Beginner's Bike of the Week" below »

[Supermac Jr]

and how did you value the gear in this instance. looking at what is included I don't thinks its that bad...

[bogan]

dont want to nitpick, but the brand new one is an 09, and the old one is an 08, so only 1 year between em, or only 600$ overpriced by your rule of thumb. Also if the 08 cost 9k new then its not a bad deal by your rule of thumb. I would nominate this one (http://www.kiwibiker.co.nz/forums/showthread.php?t=120357) for the typo in the price box!

[vifferman]

I'd nominate any bike that has "awesome" in the description and that isn't at least 140 hp and modified. I've ridden only one bike that filled me with awe (was shaking for a while after I got off it) and that was when I was only 18 and the bike in question was the fastest in its class in Australasia at that time.

[Scorp]

and how did you value the gear in this instance. looking at what is included I don't thinks its that bad...
The gear is a separate price and a separate issue and no use to anyone who isn't the same size and needs it. The bike is $7,000 and way overpriced when a brand new one costs $7,995.


dont want to nitpick, but the brand new one is an 09, and the old one is an 08, so only 1 year between em, or only 600$ overpriced by your rule of thumb. Also if the 08 cost 9k new then its not a bad deal by your rule of thumb.
The 2009 bike is brand new, as in virgin, never driven, never dropped, never soiled.
The 2008 bike is 2 years old, because this is 2010 and it was driven out of the showroom in 2008.

Was the new price of the 2008 Ninja really $9,000? If so, the seller has a point, though it's still not even close to good value. Is anyone really gonna fork $7k for a second hand bike with 5k on the clock and an unknown history, when you can get a virgin 2009 model for $7,995 with a 2 year warranty?


I would nominate this one (http://www.kiwibiker.co.nz/forums/showthread.php?t=120357) for the typo in the price box!
Sweet :yes:

[bogan]

The 2009 bike is brand new, as in virgin, never driven, never dropped, never soiled.
The 2008 bike is 2 years old, because this is 2010 and it was driven out of the showroom in 2008.

Was the new price of the 2008 Ninja really $9,000? If so, the seller has a point, though it's still not even close to good value. Is anyone really gonna fork $7k for a second hand bike with 5k on the clock and an unknown history, when you can get a virgin 2009 model for $7,995 with a 2 year warranty?


ahh, but assumption is the mother of all fuck ups is it not? while the bike is a 2008, it could have been driven out of the showroom 2 months ago, making it a new 2010 bike (by your definition) with only the showroom devaluation to take into account. Actually thats another point, the second you drive out of the dealer the 09 is only worth $6,400, while driving off on the 08 would still be worth $7k. See where your rule of thumb gets you? Just find an awesome bike you like and buy it, far easier!

[EJK]

Can't beat Yamaha V-Star 250.

Heres 2 year old 2nd hand one on Trademe.
http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Cruiser/auction-269922957.htm

A brand new one costs a whooping over $10,000 NZD.


...for a beginner's CRUISER!

[Scorp]

ahh, but assumption is the mother of all fuck ups is it not? while the bike is a 2008, it could have been driven out of the showroom 2 months ago
5,000 km in 2 months? Unlikely. Plus the ad describes the gear as "less than 2 years old" My guess is (and yes it's an assumption) that the bike was registered in 2008, and has probably been on the road for more than 1 year, hence: 20% the day it left the showroom, and 20% for the first year. making it 2K over priced (absolute max 3K). I think a more realistic asking price would be about $5,500.


making it a new 2010 bike (by your definition)
Not by my definition at all. Guess you misread me.


Actually thats another point, the second you drive out of the dealer the 09 is only worth $6,400
Only if you sell it the same day for $6,400. If you ride it, it's worth what you paid for it... until you sell it. Then it's worth what the next guy pays for it. That ninja listed is only worth $7,000 if some fool actually pays $7,000 for it. If that happens I'll happily admit I'm wrong about the actual value of used 2008 Ninjas.


while driving off on the 08 would still be worth $7k.I could pay a million for it today, that does not mean it would be worth a million. It's only worth $7,000 if someone pays that much for it. And no one will.


Just find an awesome bike you like and buy it, far easier!
Don't worry, I plan to. There are some perfectly reasonably priced second hand bikes out there. I'll be buying one of them in the next couple of months. But I bet you that Ninja above is still knocking around long after I've bought a better value bike.

Be honest, now, if you were shopping for a recent model bike of whatever size or model, would you really chose a second hand '08 with 5,000kms on it over a virgin, fresh out the box '09 with 2 years warranty costing just 14% more?

[avgas]

Just some food for thought.
1998 RG150ES was $2999 in 1998, this also came with 1 years free insurance and a free helmet. FOB.
I notice a few around now for just over $2K.
Likewise I bought a 1988 GB400 for $2,100........sold it a year later for $3,400 (In total I spend $2500 cleaning it up, but also put 20,000Km on)

Buyers pays market.

[blackdog]

If you ride it, it's worth what you paid for it... until you sell it.

I could pay a million for it today, that does not mean it would be worth a million.





come on, now you are contradicting yourself....

[EJK]

Just some food for thought.
1998 RG150ES was $2999 in 1998, this also came with 1 years free insurance and a free helmet. FOB.
I notice a few around now for just over $2K.
Likewise I bought a 1988 GB400 for $2,100........sold it a year later for $3,400 (In total I spend $2500 cleaning it up, but also put 20,000Km on)

Buyers pays market.

Yep, A Suzuki FXR150 was priced $3490 back in 2001 (or was it 1999?) and still you can see Red Baron selling them for $2999. Preety strong resale value? Or rip off? ;)

[bogan]

5,000 km in 2 months? Unlikely. Plus the ad describes the gear as "less than 2 years old" My guess is (and yes it's an assumption) that the bike was registered in 2008, and has probably been on the road for more than 1 year, hence: 20% the day it left the showroom, and 20% for the first year. making it 2K over priced (absolute max 3K). I think a more realistic asking price would be about $5,500.

yeh, 5000k in 2 months is unlikely on a 250, but doable.



Only if you sell it the same day for $6,400. If you ride it, it's worth what you paid for it... until you sell it. Then it's worth what the next guy pays for it. That ninja listed is only worth $7,000 if some fool actually pays $7,000 for it. If that happens I'll happily admit I'm wrong about the actual value of used 2008 Ninjas.
Hey don't blame me, I'm just running with your rule of thumb here!


I could pay a million for it today, that does not mean it would be worth a million. It's only worth $7,000 if someone pays that much for it. And no one will.


Exactly, it aint worth, dealer price minus X minus Y + .... its worth what someone will pay for it


Be honest, now, if you were shopping for a recent model bike of whatever size or model, would you really chose a second hand '08 with 5,000kms on it over a virgin, fresh out the box '09 with 2 years warranty costing just 14% more?
nah, course id choose the later, but that doesnt mean the 08 is the overpriced bike of the week, i think the RGV has more votes now anyways :bleh:

[Mully]

This thread is going to be awesome.

I can feel it.

[avgas]

Yep, A Suzuki FXR150 was priced $3490 back in 2001 (or was it 1999?) and still you can see Red Baron selling them for $2999. Preety strong resale value? Or rip off? ;)
Its funny you mention that. Colemans had my (YES MINE) old RG for $3200..........bike sat there for for at least 6 months.
Mind due at this point it already had a rebuilt motor.
81TUF where for out thou 81TUF.

[Genie]

actuallly that's a damn good deal, 7 weeks ago i bought same bike, pants, jackets, boots, gloves, helmet...coulld almost be my gear on there, same jacket, boots...cost me just over 10K so stop complaining. that is an awesome price. Buying in the 250cc range needed for beginners is a tight market and the new ninja holds it value. Keep looking you will learn so much.

Have fun finding a fun bike and enjoying riding....silly to say that because you just will!

[Genie]

...and more to say.........I've done 3500k in the last 7 weeks and that's having some days off - like today

The new shipment of Ninja is now at $8495.00. When I first looked about 12 months ago they were $7495.00. Mine was the last in stock in Nelson for $7995.00

Should I wish to sell my bike today I would be asking at least $7000.00 and if my gear were to go in too, well I'd be wanting at $1500 for all that. Not gonna happen anyway I love my wee Beast far too much to part with it. We will grow old together :lol:

[Ender EnZed]

Just some food for thought.
1998 RG150ES was $2999 in 1998, this also came with 1 years free insurance and a free helmet. FOB.
I notice a few around now for just over $2K.



Yep, A Suzuki FXR150 was priced $3490 back in 2001 (or was it 1999?) and still you can see Red Baron selling them for $2999. Preety strong resale value? Or rip off? ;)

Inflation and market forces. You can't buy a new RG or FXR in NZ today so the situation is not the same as with a Ninja.

Rather than using a formula; perhaps we could agree that an overpriced bike is one that is not likely to sell at the asking price anytime soon/ever? It's subjective but so is buying a bike. With this in mind I think we'd mostly agree that the nominations put forward are indeed overpriced.

[Ender EnZed]

actuallly that's a damn good deal, 7 weeks ago i bought same bike

Would you have bought it if you saw it for sale 7 weeks ago?

[atothek]

i had this same thought when i was looking for my 250 - why are so many of them at or so close to the price of the bigger (and better) bikes?? I found that the ones that really were overpriced just didn't move. they'd be there week after week and eventually the price would slide down. The 250 market is pretty 'expensive' but the flip side of that is that when you eventually sell your 250 (as I am looking to do shortly) you will likely recoup much of that cost and be able to upgrade with minimal extra cost. No point moaning about it as everyone is in the same boat.

[Scorp]

If you ride it, it's worth what you paid for it... until you sell it.

I could pay a million for it today, that does not mean it would be worth a million.


come on, now you are contradicting yourself....

No I'm not. A bike is worth what someone is prepared to pay for it. Until they go to sell it on, then it's worth what the next guy's prepared to pay for it.

The value of a bike that's not for sale is relevant to the person owning it.

The value of a bike that is for sale is relevant to market forces.

I think the Ninja I linked is overpriced because it is unrealistically close to the price of a newer, unused, fully warranted machine. And therefore priced closer to the owner's estimate of worth than the market's.

But I'm happy to admit I could be wrong... if it sells for $7k.

Bet it doesn't though.

[blackdog]

i had this same thought when i was looking for my 250 - why are so many of them at or so close to the price of the bigger (and better) bikes?? I found that the ones that really were overpriced just didn't move. they'd be there week after week and eventually the price would slide down. The 250 market is pretty 'expensive' but the flip side of that is that when you eventually sell your 250 (as I am looking to do shortly) you will likely recoup much of that cost and be able to upgrade with minimal extra cost. No point moaning about it as everyone is in the same boat.

for sure. 250 bandits around the same age/mileage as my 1200, are often advertised at a similar price to what i consider mine to be worth, if not more!!

[blackdog]

No I'm not. A bike is worth what someone is prepared to pay for it. Until they go to sell it on, then it's worth what the next guy's prepared to pay for it.

The value of a bike that's not for sale is relevant to the person owning it.

The value of a bike that is for sale is relevant to market forces.

I think the Ninja I linked is overpriced because it is unrealistically close to the price of a newer, unused, fully warranted machine. And therefore priced closer to the owner's estimate of worth than the market's.

But I'm happy to admit I could be wrong... if it sells for $7k.

Bet it doesn't though.

no. by your own logic if you paid a million for it today it WOULD be worth a million until you sold it, then would be worth what the next guy is prepared to pay for it

your words, not mine

[firefighter]

There are three others listed at the same price. One has higher kms.......

Others are within $500 and probably after a quicker sale. If your 20% rule applies every year, people would be paying you to take their vehicles. Not what you meant but still.

You do'nt even own a bike yet, so i'm guessing have little knowledge of the bike market, what bikes are worth what with certain suspension mods etc, so you are hardly a good judge for your own thread it would seem.

[bogan]

The value of a bike that's not for sale is relevant to the person owning it.

The value of a bike that is for sale is relevant to market forces.

If a bike isn't for sale does it even have a measurable value? tis a bit like the guy with the poisonous cat init, shrodinger i think its name is.

[The Pastor]

lol i once did 5000km in a week on my 250!

[Tank]

So I thought I'd have a little constructive fun by starting an "Overpriced Beginner's Bike of the Week Award."



WOW - you are going to have this argument again every week?

[bogan]

lol i once did 5000km in a week on my 250!

yeh, sometimes i forget where I live too

[Ender EnZed]

If a bike isn't for sale does it even have a measurable value? tis a bit like the guy with the poisonous cat init, shrodinger i think its name is.

Schrödinger's Cat doesn't really work in quite the same way. I like the quantum mechanics thought experiment analogy on KB though.:2thumbsup

[The Pastor]

motorbikes go brrrrooooooooom

[EJK]

lol i once did 5000km in a week on my 250!

then you went bankrupt?

[bogan]

Schrödinger's Cat doesn't really work in quite the same way. I like the quantum mechanics thought experiment analogy on KB though.:2thumbsup

firstly you wont know if it works until you look, tis the point of it you see! But i think it quite a good comparison, cos you can estimate what the value of your bike is, but its never proved until you sell it.

[The Pastor]

lost my licence

[Cayman911]

"What value!! "
My arse.

if you're going to start this, this thread is just gonna turn into war of the words. and it dosnt take a genius to realise most crap on trademe is overpriced.
because its not what the bike is worth. its what the seller thinks the bike is worth, and some.

i remember when they were being sold for $6800....
now RRP 8,495.00. gotta love it aye?

[Scorp]

actuallly that's a damn good deal, 7 weeks ago i bought same bike, pants, jackets, boots, gloves, helmet...coulld almost be my gear on there, same jacket, boots...cost me just over 10K so stop complaining. that is an awesome price. Buying in the 250cc range needed for beginners is a tight market and the new ninja holds it value. Keep looking you will learn so much.

Have fun finding a fun bike and enjoying riding....silly to say that because you just will!
Thanks Genie, I'm sure I will.

I'm not really complaining, more laughing at some people's expectations. I just think the bike is overpriced. And the gear is a red herring (unless you're exactly the same size and shape as the owner, and don't have gear already, and like the jacket, and are happy with a second hand pink helmet.

It's not the only overpriced bike on Trade Me, there are heaps of 250's in the same boat. I'll be buying one of the more sensibly priced ones though.

A quick question though: You bought a new Ninja for $7,995. Do you wish you'd held of so you could buy the one I linked from Trade Me plus the gear for $7,500 instead? Or do you think your new package was a better deal at $10,000?

[Scorp]

no. by your own logic if you paid a million for it today it WOULD be worth a million until you sold it, then would be worth what the next guy is prepared to pay for it

your words, not mine
Oh, sorry, you were taking that bit literally.

Damn! I wish there was a sarcasm emoticon... maybe :innocent: will do.

[Scorp]

You do'nt even own a bike yet, so i'm guessing have little knowledge of the bike market, what bikes are worth what with certain suspension mods etc, so you are hardly a good judge for your own thread it would seem.
True. But I have bought things and sold things before and have worked in the marketing industry for about 25 years so I do know a little bit about expectation vs actual market value.

P.S. I think if there were any mods on that Ninja the ad would say so.


WOW - you are going to have this argument again every week?
Yeah... probably not. I'm sure I said "fun" somewhere back there :innocent:

[tigertim20]

lets face it, the 250 market is a strange one. O could show at least ten, and maybe 20 or 30 bikes on TM, that are 400-600cc for under 6k. (second hand of course) whereas plenty of 250's are asking thousands more. I have three or four 600's on my watchlist right now at around 3-4000.

Its supply and demand. the little ninja's are a desirable bike, thus they will command a higher price. my old man used to have a saying he would use, when he was purchasing a collectible item.. he wouls say "its only worth what someone's prepared to pay you". the same bike may be worth more to me than you, or vice versa.

[steve_t]

I have a 2008 250R that I'll be looking to sell shortly. I'll let you know how it goes. To me, any bike that you can buy, ride for 6-12 months, and sell for close to what you paid for it, is not overpriced. We'll see how close I get to my buying price as soon as I get around to selling it. Until then, I've strapped the L plate on it and got my missus learning to ride :niceone:

[Mully]

You do'nt even own a bike yet, so i'm guessing have little knowledge of the bike market, what bikes are worth what with certain suspension mods etc, so you are hardly a good judge for your own thread it would seem.

Shh - stop talking sense. There's no place for that on KB



I'm not really complaining, more laughing at some people's expectations. I just think the bike is overpriced.

It's not the only overpriced bike on Trade Me, there are heaps of 250's in the same boat. I'll be buying one of the more sensibly priced ones though.

It's not bike owners who are alone in overpricing things on TM - the number of cars which are priced waaaaay over the price people will pay for them (which must be the definition of "Value" is shocking.

Plus, as already mentioned, 250s are a captive market. Until recently, no-one (AFAIK) was even making a "sporty" 250, so if you wanted one, you had to buy a 20 year old, clapped our ZXR, TZR etc.

[blackdog]

Plus, as already mentioned, 250s are a captive market. Until recently, no-one (AFAIK) was even making a "sporty" 250, so if you wanted one, you had to buy a 20 year old, clapped our ZXR, TZR etc.

with the exception of gpx/zzr the latest 250 sprots i can think of is the last 'prilia rs250 in '99

[Ender EnZed]

with the exception of gpx/zzr the latest 250 sprots i can think of is the last 'prilia rs250 in '99

GSX250 not sproty enough? Seems about the same as a GPX to me.

[blackdog]

GSX250 not sproty enough? Seems about the same as a GPX to me.

wot was the last year for 'em? actually i had thought bout em, just 4got to mention. gsx and gpx not really that sproty.....

[Ender EnZed]

wot was the last year for 'em? actually i had thought bout em, just 4got to mention. gsx and gpx not really that sproty.....

Not very sproty. Oil cooled parallel twin and very heavy as well. 2005 is the latest year on Tardeme. (http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-275243569.htm)

[Jonno.]

I didn't know how over priced 250s were until I started looking for a NC 30. The bike market is very different than the car market.

[Genie]

Thanks Genie, I'm sure I will.

I'm not really complaining, more laughing at some people's expectations. I just think the bike is overpriced. And the gear is a red herring (unless you're exactly the same size and shape as the owner, and don't have gear already, and like the jacket, and are happy with a second hand pink helmet.

It's not the only overpriced bike on Trade Me, there are heaps of 250's in the same boat. I'll be buying one of the more sensibly priced ones though.

A quick question though: You bought a new Ninja for $7,995. Do you wish you'd held of so you could buy the one I linked from Trade Me plus the gear for $7,500 instead? Or do you think your new package was a better deal at $10,000?

Hard to say, if it was local and the gear fitted yeah most likely but being out of town and not able to try on etc - no. Would have had $3000 to go play with ..... holiday woudl have been nice. The convience of being able to try all the gear on etc really wasn't worth that 3k, oh I could have gone shopping for dresses. But hey I got a brand spanking shine new bike, leathers that are all mine and i'm happy with that (though I'd love some new dresses)

[EJK]

Speaking of 2nd hand bikes, check out this clown-o-cycle

http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-276174356.htm

[Sis]

Hard to say, ....i and i'm happy with that (though I'd love some new dresses)

Know the feeling.

I need a new front tyre so I have had to cancel my hairdressers appointment to get a colour and do it myself.

Rather have the bike running :scooter:

Besides no one can see when I have my helmet on:yeah:

[Genie]

haha, that would suit my 5 year old princess, she is into rainbows or maybe Ronald McDonald House might like it, she sure is purdy.

[Ender EnZed]

Hard to say, if it was local and the gear fitted yeah most likely but being out of town and not able to try on etc - no. Would have had $3000 to go play with ..... holiday woudl have been nice. The convience of being able to try all the gear on etc really wasn't worth that 3k, oh I could have gone shopping for dresses. But hey I got a brand spanking shine new bike, leathers that are all mine and i'm happy with that (though I'd love some new dresses)

What about just the bike for $7k?

[Genie]

maybe as today a brand new one is $8495.00, that is $1500 less and only done 5k on the clock, not bad. Warranty has run out though, but what exactly does that mean, that after 2 years bike will shit itself, that's a risk with brand new.

[blackdog]

Speaking of 2nd hand bikes, check out this clown-o-cycle

http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-276174356.htm

oh, arh, .... feeling a little queezy :puke:

[Ender EnZed]

Speaking of 2nd hand bikes, check out this clown-o-cycle

http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-276174356.htm

Someone thinks it's cool.

[Genie]

Someone thinks it's cool.

and his trademe handle...is fruitcake13......says it all :lol:

[dogsnbikes]

Well I dont know who is this guy's machanic is but too think it could be worth 2k once legal:blink:http://www.trademe.co.nz/Browse/Listing.aspx?id=277015018

saying that I have seen them on Trade Me for around 3k but have been reduce to 12-1500 which is more realistic for a good condition one and I mean a Good one:yes:

[steve_t]

Speaking of 2nd hand bikes, check out this clown-o-cycle

http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-276174356.htm

Do do do do do do do do do do .... I love the ballet. Hmmm... that doesn't work so well in writing :shutup:

[EJK]

<center><img src="http://i6.photobucket.com/albums/y243/berry_lthird/hijack-2.jpg" />
Thread hijack. Successful</center>

[Cayman911]

Speaking of 2nd hand bikes, check out this clown-o-cycle

http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-276174356.htm

What on earth is that?

Riding that is the equievelant of having a big sign on you saying " Shoot me "

[Mudfart]

the overpriced ninja may have been bought in november or december of 2008, then it would still have 9-10 months of warranty left. for example my 09 ninja was bought in late october 09. so thats nearly half the warranty left. however i bought new because i took my entire family on a 3 hour round car trip to matamata to look at a second hand ninja 08 black, only to be told the truth right at buying time, when I asked for them to give the rego so my insurance could check it out, and it had been written off and repaired!!!!.
you can have my ninja for 6500,its mint with only 1400kms on it.

[Scorp]

you can have my ninja for 6500,its mint with only 1400kms on it.
For a Ninja registered just 18-20 weeks ago with only 1,400kms on the clock, that's not a bad price. But why are you selling so soon?

[Mudfart]

im not seriously looking to lose it yet, but we may be having some additions to our family soon (2 more ffs)!!. looks like i need a 7 seater cager, (ouch). just putting it out there.

[blackdog]

im not seriously looking to lose it yet, but we may be having some additions to our family soon (2 more ffs)!!. looks like i need a 7 seater cager, (ouch). just putting it out there.

nah, u need 2 bikes with 2 seater sidecars :)

[Genie]

well congrats to you and mrs mudfart, I have a 7 seater cager, damn ugly thing, my twins just started school which is why I got my bike. Hold on to it if you can, it's way cheaper to run and you cna't take the children on it. Obviously.

[steve_t]

Hey Scorp. Do you wanna buy my 250R for $6500. I think it has done a little over 2000km. It was serviced and WOF'd at Hamilton Motorcycle Centre in October of last year. Stock apart from Customskins paint protection (Thanks Simon), a Keiti carbon tank pad, and green wheel stripes to match the green fairing of course;) I can get the exact mileage if you want. Just thought I'd throw it out there. Cheers
Oh but mine's a 2008. I'm told the only difference between 08 and 09 was that when they went to 09, they changed to a slightly cheaper set of tyres

[Scorp]

im not seriously looking to lose it yet, but we may be having some additions to our family soon (2 more ffs)!!. looks like i need a 7 seater cager, (ouch). just putting it out there.
Ouch. Feel for you. But congrats on the family front!!! :yes:

[{.bLanK}G_o_D]

Anyway, my nomination for the week goes to this little doozie...

It's not that far off the mark.
You make too many assumptions.
The bike is listed as 7k "ONO".
Everybody starts their asking price at the top end of what they think it's worth.
I paid 8k for a second hand, eighteen year old 250. I consider it a fair price from a licensed dealer for what it is. Slightly different scenario than that kwaka, but my point being there are plenty of bikes out there that look over priced to some one who doesn't know better.

[Scorp]

Hey Scorp. Do you wanna buy my 250R for $6500. I think it has done a little over 2000km. It was serviced and WOF'd at Hamilton Motorcycle Centre in October of last year. Stock apart from Customskins paint protection (Thanks Simon), a Keiti carbon tank pad, and green wheel stripes to match the green fairing of course;) I can get the exact mileage if you want. Just thought I'd throw it out there. Cheers
Oh but mine's a 2008. I'm told the only difference between 08 and 09 was that when they went to 09, they changed to a slightly cheaper set of tyres
Sounds great, but as a result of the research I've been doing I'm now more convinced than ever that the way to go is to spend less than 4K on a good sound workhorse learner bike.

Bikes like the Ninja and the Hyosung GT250 are obviously doing really well, good looking bikes that are pulling in the beginner buyers. But it looks like the majority are moving on to bigger things within a year.

So I figure, if I'm going to be shopping for a 600cc plus bike in a year, I'm better off spending under 4k on a 250 now, maybe a Virago, GSX or older VTR or Hornet, then saving the bigger bucks for the bike I really want in 12 months time.

[steve_t]

Sounds great, but as a result of the research I've been doing I'm now more convinced than ever that the way to go is to spend less than 4K on a good sound workhorse learner bike.

Bikes like the Ninja and the Hyosung GT250 are obviously doing really well, good looking bikes that are pulling in the beginner buyers. But it looks like the majority are moving on to bigger things within a year.

So I figure, if I'm going to be shopping for a 600cc plus bike in a year, I'm better off spending under 4k on a 250 now, maybe a Virago, GSX or older VTR or Hornet, then saving the bigger bucks for the bike I really want in 12 months time.

Fair enuf. When I was looking at the market, I figured that whatever 250 I got, the resale would be thereabouts 12 months down the track so I'd get something I liked the look of (an hopefully that someone else will like the look of). I hope I'm right ;) :laugh:

[Scorp]

Fair enuf. When I was looking at the market, I figured that whatever 250 I got, the resale would be thereabouts 12 months down the track so I'd get something I liked the look of (an hopefully that someone else will like the look of). I hope I'm right ;) :laugh:
Good point. And good luck!

[Genie]

Sounds great, but as a result of the research I've been doing I'm now more convinced than ever that the way to go is to spend less than 4K on a good sound workhorse learner bike.

Bikes like the Ninja and the Hyosung GT250 are obviously doing really well, good looking bikes that are pulling in the beginner buyers. But it looks like the majority are moving on to bigger things within a year.

So I figure, if I'm going to be shopping for a 600cc plus bike in a year, I'm better off spending under 4k on a 250 now, maybe a Virago, GSX or older VTR or Hornet, then saving the bigger bucks for the bike I really want in 12 months time.

oh you are a sensible one...love the 4 green boxes you now have. I too considered the cheaper learner bike for short term...decided to go brand new as I've never had new before, was my first and I'll likely keep it for at least 3 years if not more. Might even save it for when my boy wishes to get out on hte road. He is 8 and on his second little dirt bike. I'm only a little lady so I really don't think I'll want a bigger one and you are only allowed to travel at 100k so why go for more power...the little Ninja is a fine wee beast.

[Scorp]

the little Ninja is a fine wee beast.
Sure is. Can't disagree with you on that. :msn-wink: And if i thought it would keep me happy long time I probably fork for one now. Just, being a typical bloke, i figure I'll end up wanting something bigger in a year or so, like a nice new Yamaha XJ6S, heh-heh.

[Genie]

Sure is. Can't disagree with you on that. :msn-wink: And if i thought it would keep me happy long time I probably fork for one now. Just, being a typical bloke, i figure I'll end up wanting something bigger in a year or so, like a nice new Yamaha XJ6S, heh-heh.

and you will....men always want bigger and better and fast....bikes that is.

[sil3nt]

$2000 you can have my GPX. I ride it everday to work. Nothing wrong with it. I figure if i sell i might actually start riding the bicycle!

[Cayman911]

I figure if i sell i might actually start riding the bicycle!
And everytime you pull up at the lights, see green, you twist the handle bar and nothing happens. your soul will just shatter. Keep the moto dude

[Mully]

Sounds great, but as a result of the research I've been doing I'm now more convinced than ever that the way to go is to spend less than 4K on a good sound workhorse learner bike.

Scorpio.

Less than four grand will get you a nearly new one (i.e. won't depreciate much more in 12 months)

Throw away the rubbish tyres they come with (if not already done) and replace.

Job done.

[Scorp]

Scorpio.

Less than four grand will get you a nearly new one (i.e. won't depreciate much more in 12 months)

Throw away the rubbish tyres they come with (if not already done) and replace.

Job done.
That's what I reckon too. Thanks for the advice on the tyres!

[ukusa]

I don't get this 250 market, probably coz I havn't owned one for over 20 years now, but..... how can this http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-273915183.htm which is now 14 years old be worth as much as this http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-226724534.htm which is only 6 years old (and at a dealership), or for only $400 more you could have this http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-276290410.htm which is only 5 years old and has an extra 650cc?

[bogan]

I think it could be a case of 250 buyers don't really know the value of what they are buying, so bikes are listed high, and easily bargained down maybe? I've got a 26yr old one listed for $1,500 perhaps if I listed it for $2,500 I would get more interest and then just bargain down heaps!

[Spazman727]

Thanks Genie, I'm sure I will.

I'm not really complaining, more laughing at some people's expectations. I just think the bike is overpriced. And the gear is a red herring (unless you're exactly the same size and shape as the owner, and don't have gear already, and like the jacket, and are happy with a second hand pink helmet.


It can happen. I got my 96 Nighthawk for 3k and it came with boots gloves jacket and pants that all fit. Didn't get the helmet cos it was too big and i didn't want to be unisng a 2nd hand helmet anyway.

[ynot slow]

Any person looking at a bike to get their license,my advice grab a reasonable condition trail bike,usually heaps cheaper,can enjoy extra riding on beaches,forests etc and helps riding skills(imho),then when you have full license you can either keep or sell(usually lose money,but the initial outlay wouldn't be as much)and upgrade to a decent roadbike.

Why pay say $7000 on a 250 and sell it after maybe 2yrs to upgrade,when you can get an xr,xt,dr200-250 for say $2000, the amount you lose at trade pr selling time is less.

[Scorp]

Well, it looks like the market price for a second hand 2009 Ninja in mint condition with just over 5,000 kms on the clock is around $5,100, if this Trade Me auction is anything to go by... http://www.trademe.co.nz/a.asp?id=279719391

So some guys might want to consider a rethink.

[Maki]

Well, it looks like the market price for a second hand 2009 Ninja in mint condition with just over 5,000 kms on the clock is around $5,100, if this Trade Me auction is anything to go by... http://www.trademe.co.nz/a.asp?id=279719391

So some guys might want to consider a rethink.

Holy crap. I sold my 2008 250 Ninja (5500km) a year ago and got $6300! Seems like marketing and photography skills give you $ in pocket. Maybe I should change my job...

[Mudfart]

nah ive been watching these bikes for a year. its the season. coz its going into winter learner riders are reluctant to buy.
i thought my bike was reasonable, then i look on trademe and i see dealers are undercutting me by heaps.
i dont care though, my situation has become more stable, and im not in a rush to sell, now.
hopefully ill get my full in august, then ill trade in.

[bogan]

Well, it looks like the market price for a second hand 2009 Ninja in mint condition with just over 5,000 kms on the clock is around $5,100, if this Trade Me auction is anything to go by... http://www.trademe.co.nz/a.asp?id=279719391

So some guys might want to consider a rethink.

well its fuckin blue init :bleh:

[Scorp]

nah ive been watching these bikes for a year. its the season. coz its going into winter learner riders are reluctant to buy.
Yeah, I should have said: the current market value.

[Mudfart]

just got a txt offer of 5500 for my bike and all my gear. like the auction says, dont txt me. i wouldnt sell what cost me just over 9g for 5.5 only 6 months later!.