The 250 market didn't drop. Everything LAMS approved simply doubled in priceAnd that's assuming you can find decent LAMS bikes for sale.
There's a few good catches out there, but most LAMS bikes fall into one of two categories. They're either newer(ish) and heinously fucking expensive (05 and later GS50s, SV400s, Cb400SF's, ninja 300s cbr500s ect) or old and 2-4k (ZZR40s XJR400s ect).
I bought my hornet after LAMS came in knowing full well what was out there and what shit was worth
Anyway, if you can find a Hornet for less then $3,000 that's in good nic, power to you! I've not seen it. Even with LAMs they're still excellent bikes and I doubt you can find any type of bike lovingly maintained in New Zealand really for less then $3000 unless it's very old or has very high KMs.
I don't know how cheap you expect 250s to get, but I suspect you'll be disappointed.![]()
Wise up. Wise arse.
http://www.kiwibiker.co.nz/forums/sh...highlight=JimO
Wise up to what? A VTR 250 with no WOF, no rego, 41,000km on the dial and seller admitting to fork seals needing done (which aren't cheap) and that the bike had been sitting around awhile sold for $2500 or so.
Not sure what point you're trying to make? Quite aside from the fact that 1 bike is not indicative of a market trend whatsoever, a bike needing work sold for a reasonable sum.
Sounds about right to me.
fork seals arent cheap?
are you kidding? they cost about $35 and take an hour and a half if you take your time and sink half a dozen bourbons in the process.
The changes are only a few months old, word is spreading about what other bikes are available, the strength of the 250 market is beginning to fade.
Most first time bike buyers aren't going to be comfortable doing the seals themselves. It wouldn't surprise me if a bike shop wanted to charge 100$ or more to do it for you.
Anyway, philosophically, I agree with you. I think the used bike market in NZ is far too fucking high across the board. The LAMS and 250 markets are no exception.
But the problem is, the only way the 250 market is going to drop is if there's plentiful, cheap LAMs alternatives. And there just isn't.
Buyers are becoming aware of the LAMS rules, but sellers caught on ages ago. You used to be able to buy a ZZR400 in decent nic for $2000. Now, magically, they're all charging $4,000+.
Coleman's has just imported a shitload of LAMS 400s. 02 SV400s CB400s GSR 400s ( i didn't even know there was a GSR400), and is charging $8000 a pop for them.
At the moment, there's 3 GS500s for sale all 4300+. Theres 2 kawasaki 500s for 4,000+. There's a smattering of ultra high KM (a CB400 SF with 100,000KM) 400s for 2-3,000.
I'm not going to go through and check all the dual sport/motards, but it's much the same there as well.
The only real cheap LAMS alternative ATM is http://www.trademe.co.nz/motors/moto...-586497725.htm . Which is 22 years old.
People who know a little about motorcycles know that the bike is probably fine. But somebody new to bikes and who dosen't know any better is going to disregard the bike out of hand.
The 250 market will eventually tank when all the new LAMS bikes get old enough to start getting reasonable in 3-4 years time. But for right now, there just isn't enough in the way of cheap alternatives to bother the 250 market much.
My advice:
Do not buy a motorbike unless you can look it over in the flesh. DO NOT buy a motorbike from the other end of the country UNLESS you've had it inspected by someone who a. You know personally, b. knows what to look for.
ESPECIALLY since it's a 20+ year old bike. I wouldn't buy a bike older than ten years unless it was properly looked after by the previous owner.
Get in contact with someone on these forums who is around your area that you can meet in person. Have a chat about bikes over a coffee, then take a trip to a few stores or private sales and have a look at bikes together. Plus you'll make a friend![]()
We paid $4200 for an absolutely MINT '03 (I think) VTR250. But the thing is clearly one of the best looked after bikes I've seen.
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