View Full Version : Valuing bikes? What's it worth?
cowboyz
18th June 2010, 14:36
Whats this worth? Can I expect any reasonable answers from the depths of what is kiwibiker?
1998 zx9r
green
~150,000km
goes like real good!
Got cowboyz stamped on the side of it and anyone even close to the manawatu probably knows this bike.
Had done 4 points, grand challenges, trackdays. I ride it ALOT. Sometimes I am nice to it.. Sometimes I am not - but it has never let me down and it has a well earned repuation for being a fast bike.
What would you pay for it? I might do a poll I think..
Of course, with everything I do this has an agenda. And no.. Im not selling it.
MSTRS
18th June 2010, 14:41
And no.. Im not selling it.
Then I won't even offer a cent. Or a blowie...
Maha
18th June 2010, 14:43
What does the seat smell like?
cowboyz
18th June 2010, 14:52
Then I won't even offer a cent. Or a blowie...
you know you would!... its not a honda.
What does the seat smell like?
ummmmmmmmmmm. my arse! you know what that smells like?
AllanB
18th June 2010, 15:11
True it is not a Honda, thus I am inclined to knock a bit off it's value!
What's it worth?
To sell - shit who knows - I'm thinking 2,000 - 2,500, maybe as much as $3k to a pimply faced boy who has just qualified for their full. Depends on the running gear etc. But that's just a stab in the dark!
What's it worth?
To you - probably $10k to replace it with something that will offer similar performance/handling/grin factor and is modern and lower kms.
Are we talking PAV (Pre Accident Value) or its current condition?:whistle:
specter
18th June 2010, 18:33
Are we talking PAV (Pre Accident Value) or its current condition?:whistle:
i think its worth more in its current condition, it probably goes faster and leaks less oil :lol:
cowboyz
19th June 2010, 14:13
Are we talking PAV (Pre Accident Value) or its current condition?:whistle:
what accident? One careful lady owner.............
of course you know that I got a 'pre accident value' - not that they have any idea what the bike was like before it was crashed and me being me, I not happy with it.
DMNTD
19th June 2010, 15:30
Around the $3k mark
sugilite
19th June 2010, 16:06
I voted 5k, but for insurance company purposes it is worth 2k or less since they are re-branded/legalized scammer bookie/sharks. Unless the bike I get is new, or are forced to insure it due to finance company conditions, I go 3rd party fire n theft only. Otherwise, adding up your premiums n that, you will soon pay more than the value of your bike anyways. Insurance companies do their homework very thoroughly and basically once the odds are in their favor, only then will they insure you. They won't even put a condom on before they fuck you in the arse.
what accident? One careful lady owner.............
of course you know that I got a 'pre accident value' - not that they have any idea what the bike was like before it was crashed and me being me, I not happy with it.
http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-297821716.htm
I reckon 3K would stop it. Surely no more?
quickbuck
19th June 2010, 17:40
http://www.trademe.co.nz/Trade-Me-Motors/Motorbikes/Motorbikes/Sports/auction-297821716.htm
I reckon 3K would stop it. Surely no more?
Hell, a darn bargain that one..... Heavy Duty Chain and all...... ;)
Stylo
19th June 2010, 18:21
Around the $3k mark
150,000 kms is getting up there, gotta be a $3K bike , I have a friend with an XT600 and close to 180,000kms used every day and nothing but fresh oil and filters, no work done and...that's worth about 1500 ....comparing apples with bananas I know but there has to bew a minimum residual value ...
cowboyz
20th June 2010, 02:20
well.. if I ever get this bike paid out and buy another one I just parking in the fucking garage and taking photos of it from time to time.. Its not worth riding them. Riding them cause the ks to go up and all of a sudden the bike isnt worth anything.
150,000k.. pffft.. I seen bikes with less than 1000k on the clock that haev needed more mechanical repairs than my one.
shafty
20th June 2010, 08:13
Kawa's are well known for long life - shit, they make trains don't they...........
well.. if I ever get this bike paid out and buy another one I just parking in the fucking garage and taking photos of it from time to time.. Its not worth riding them. Riding them cause the ks to go up and all of a sudden the bike isnt worth anything.
Just got to put it into perspective cowboyz!
Motor vehicles in general devalue and that's a fact of life. Personally, I think you've done bloody well out of your bike i.e. initial cost vs k's accumulated, reliability, fun factor etc.:yes:
150,000k.. pffft.. I seen bikes with less than 1000k on the clock that haev needed more mechanical repairs than my one.
Smokers live past 80 and children die from cancer! Your point being?:confused:
Pegasus
20th June 2010, 09:18
You can get your own PAV's done. They will usually need to be done by registered Motor Vehicle dealers though. Don't take the Assessors word for it. First offer on my Celica was only 3K, but with my own PAV of 8 +GST, then a further done by the Insurance Company, got the final offer up to 7 1/2, which is when I gave up, and accepted.
If the insurers have multiple PAV's they will Average them to come up with an offer.
You have to weigh up what they will offer you the wreck for as well.
In the end it comes down to how stubborn you are, and what your time (and stress levels) is worth to you to battle it.
ynot slow
20th June 2010, 12:22
Spose the only thing about a low value,is when /if they write off the buy back option is lower.
MSTRS
20th June 2010, 12:45
Spose the only thing about a low value,is when /if they write off the buy back option is lower.
Not necessarily. You know the story of hXc's Spada...
NZsarge
20th June 2010, 12:47
Spose the only thing about a low value,is when /if they write off the buy back option is lower.
Not necessarily. You know the story of hXc's Spada...
Indeed but it bloody well should be the greedy f_ckers!
MSTRS
20th June 2010, 12:58
No no...top $ payout and the wreck bought back for $100. Only time I ever came out ahead...
NZsarge
20th June 2010, 13:05
Sorry, thought it was another case of getting screwed by insurance. I hope at least it's a similar case for Cowboyz.
cowboyz
20th June 2010, 19:31
Just got to put it into perspective cowboyz!
Motor vehicles in general devalue and that's a fact of life. Personally, I think you've done bloody well out of your bike i.e. initial cost vs k's accumulated, reliability, fun factor etc.:yes:
Smokers live past 80 and children die from cancer! Your point being?:confused:
yes.. but when your looking at $2500 for a vechile you cant buy for under 5k how do you get to that value? Surely something is worth what you can buy it for? I tell you what.. Ill give you $400 for your speed triple.. That now means your bike is worth $400? After all, you should be happy with that. Its a vechile ad vechiles devalue....
Its not even close to a done deal yet. will wait and see....
Insurance companies suck! How many times I have heard about them undervaluing vehicles in an attempt to minimise payouts. Go and get some quotes to replace the bike. No doubt there will be a spread of what is considered "market value" but at least if you are getting the quotes you may be able to redress any inbalance in the process. Sucks Lance, really it sucks!
I tell you what.. Ill give you $400 for your speed triple.. That now means your bike is worth $400? After all, you should be happy with that. Its a vechile ad vechiles devalue....
Not biting:p
yes.. but when your looking at $2500 for a vechile you cant buy for under 5k how do you get to that value? Surely something is worth what you can buy it for? Its not even close to a done deal yet. will wait and see....
You have a valid argument............but there are two sides to every argument. Insurance must indemnify you, but they're not going to provide betterment, which I bet is exactly how they'll see paying out $5K.
Like you said, it's not a done deal...........so take the fight to them!
Ragingrob
20th June 2010, 21:13
Well as you stated in my FS thread, these bikes just aren't worth that much apparently. However, mine was a '94 with 93,000km on the clock, probably not in as good condition as yours, and sold for $3,9000... If someone's willing to pay the cash then that's what it's worth!
flyingcrocodile46
20th June 2010, 22:00
I reckon $4,500 would be a fair price for the one on the trademe link. $4,000 or less would be a good buy. Deduct $1,000 - $1500 for lesser condition/higher miles etc.
cowboyz
2nd July 2010, 03:52
Interesting enough..
if you take out the 2 muppets who said the bikes worth nothing and the guy with extremely good taste who said its worth over 6k then the average comes to $2765.
I settled insurance on $4000
ynot slow
2nd July 2010, 08:46
Interesting enough..
if you take out the 2 muppets who said the bikes worth nothing and the guy with extremely good taste who said its worth over 6k then the average comes to $2765.
I settled insurance on $4000
Was that bike and gear or bike only,bloody good deal,especially if they took a trade value,not retail value.Scary thing is the next bike you insure gives them the excuse to wack the excess and premium due to write off.
Suppose the good things take time is relevant,but bloody hell has been a while.
cowboyz
2nd July 2010, 09:03
bike only.. and its an ok deal. The gear claim come to just under $3000
Interesting enough..
if you take out the 2 muppets who said the bikes worth nothing and the guy with extremely good taste who said its worth over 6k then the average comes to $2765.
I settled insurance on $4000
Thank god you didnt take a KB poll seriously!
The Pastor
2nd July 2010, 09:18
unfortunately for your its a old jap bike with high k's. Its gone down in value as much as it can. It'd say 2k max - this is the price i'd pay for it as that is what i'd realistically be able to sell it for.
my mate had one and i think he got a 4k payout from insurance for it, minus about 1k excess. same year, but it was on 90 000ks
cowboyz
2nd July 2010, 11:10
unfortunately for your its a old jap bike with high k's. Its gone down in value as much as it can. It'd say 2k max - this is the price i'd pay for it as that is what i'd realistically be able to sell it for.
my mate had one and i think he got a 4k payout from insurance for it, minus about 1k excess. same year, but it was on 90 000ks
well... thank god you nto valueing my bike then!
Just while your valueing it at $2000.. can you send me a link to where I can buy one for $2k.. cause Id really like another one at that price
The Pastor
2nd July 2010, 12:48
well... thank god you nto valueing my bike then!
Just while your valueing it at $2000.. can you send me a link to where I can buy one for $2k.. cause Id really like another one at that price
That 2k price was the price i'd pay for a 98zx9r with 150 000k's on the clock.
I gave you the price my mate got from his insurance company - he had to argue it alot tho - new tyres aftermarket parts etc etc
cowboyz
2nd July 2010, 13:01
fair enough.. but this is the thing.... ... value... the price the market is willing to buy it for or the price the market CAN buy it for?
see.. cause I have taken my bike all over the country. when I first got it.. I might have sold it for $6000. As I get on with it more and more it become a point where I would never sell it. So its invaluable. because you couldnt buy it off me and Im not sure if you could find another one that has proved it can do 150,000km of trouble free running.
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