Why are secondhand bikes so overpriced?

[baffa]

Looking for a cheap reliable bike for the missus to learn on, whilst selling my CBR900, and apparently simple basic GNs and similiar are worth similiar value.
You can buy GNs and Scorpios etc brand new for less than $4k, but it costs almost that much to buy a 5 year old model with decent mileage. Go back another 10 years, and the price practically stays the same.

One would think if you bought a 10+ year old basic learner legal bike, theyd have devalued to $1500 or less, but magically they never seem to go below $2k in value. Anyone else notice this?

[Rhys]

Like anything its worth what ever some one is willing to pay !

[Crasherfromwayback]

One would think if you bought a 10+ year old basic learner legal bike, theyd have devalued to $1500 or less, but magically they never seem to go below $2k in value. Anyone else notice this?

Bikes tend to get to a certain level and they're just always worth that if that makes sense. They never keep devaluing until they're worth nothing unless they're totally fucked.

[Akzle]

Like anything its worth what ever some one is willing to pay !

not quite. But somewhere between that, and what youre willing to sell it for...

[Robbie_]

Economics 101; Supply and Demand, And also depreciation curves.
To compare apples with apples, you have to first look for what they are actually SELLING for, not the asking price.

But at the $2k range, any bike that's not fooked' won't depreciate much more. Especially learner bikes. This is because there are a lot more people that can afford a $2k bike than a $5k, $10k or 20k bike. The GN's etc. that you talk about will always be sought after for learners, and learners tend to be young people on a limited income.
There are a few other reasons too, such as a lot of sales are done on finance, and it's not so easy to organise private finance in comparison to a dealership. So for a lot of people, they have to stump up with 100% cash. This further reduces the price ranges of bikes.

And as always, the more expensive new the bike was, generally speaking, the bigger the depreciation curve it will take until it reaches that bottom end ( which equals a much bigger potential buyer pool) for the reasons listed above.

[Maha]

Like anything its worth what ever some one is willing to pay !

Yip, all you can do is make an offer and, fingers crossed, both parties will agree on a price that suits.

[AllanB]

Overpriced?

I disagree as a rule. Maybe the specific bike you are looking for holds it's value well but I was searching Ducati on TM yesterday and I was shocked how cheap a low km used model is. Unsure why but if you were buying yeeee harrrrrrr.

Triumphs tend to hold their value well I have noticed.

There is some good buying out there.

[awa355]

If able to pay cash for a private sale, the final purchase price is quite often below the advertised price.

[Smifffy]

I reckon that at the moment, the price of most bikes has come down a long way from what they were just a couple of years ago. The exception to that is the learner bracket. I'm surprised that Hyos haven't depreciated more tho.

[T.W.R]

It isn't so much that 2nd hand bikes are overpriced it's the fact that the ass drops out of the price of brand new bikes quickly... you buy a new bike from one shop ride it for a few weeks & then try trading it at another shop and see what you get for it

A bike will decrease in value to a point then hold it's value...some start to increase again overtime...appreciating classic etc. and then some within the classic & almost classic will be more expensive than their original purchase price.

learner bikes will always hold a higher price due to the market they're in.

An old boss of mine brought a brand new Jaguar XKR convertible for $220k+ had it for 6mths and decided he wanted to trade up to another model at the same dealership they offered him $70k less than what he paid

[tigertim20]

If able to pay cash for a private sale, the final purchase price is quite often below the advertised price.

as opposed to what, paying in chocolate fish?

[Glowerss]

It isn't so much that 2nd hand bikes are overpriced it's the fact that the ass drops out of the price of brand new bikes quickly... you buy a new bike from one shop ride it for a few weeks & then try trading it at another shop and see what you get for it

A bike will decrease in value to a point then hold it's value...some start to increase again overtime...appreciating classic etc. and then some within the classic & almost classic will be more expensive than their original purchase price.

learner bikes will always hold a higher price due to the market they're in.

An old boss of mine brought a brand new Jaguar XKR convertible for $220k+ had it for 6mths and decided he wanted to trade up to another model at the same dealership they offered him $70k less than what he paid

Mate, that's just dealerships doing what they do. They might offer you bugger all for your near new bike, but you can bet your ass they're charging basically new prices for them once they're on the showroom floor.

http://www.trademe.co.nz/motors/moto...-618444990.htm 1 year old 8,000 KM, and they're charging EXACTLY the same as these guys http://www.trademe.co.nz/motors/moto...-610772734.htm are charging for a brand new one.

That's why you don't trade a near new bike back into the dealership

There is a pervading attitude in NZ though, of "This is how much I paid for it, and so that's how much it's still worth!". Not much you can do about that, though.

[Crasherfromwayback]

Mate, that's just dealerships doing what they do. They might offer you bugger all for your near new bike, but you can bet your ass they're charging basically new prices for them once they're on the showroom floor.

http://www.trademe.co.nz/motors/moto...-618444990.htm 1 year old 8,000 KM, and they're charging EXACTLY the same as these guys http://www.trademe.co.nz/motors/moto...-610772734.htm are charging for a brand new one.

That's why you don't trade a near new bike back into the dealership

.

Ummmm...so you what...expect a dealer to pay you the new retail price for it now it's had one owner and been used? Riiiiight. And the two GSR750's you've used as an example...are actually both used bikes mate. But here's how it works. Lets say you buy a new GSR750...for say...$13000.00. You use it...and it now has had one owner. Even if it's only done 1000km's...you yourself would not pay new bike price for it right? Else you'll just get a new one that nobody else has ridden and owned. So even at 1000 km's...it's gotta be cheaper than a new one generally by a couple of thousand dollars. The dealership wants/needs a margin in it...lets say 2k...nothing wrong with that I would've thought...so you get offered 4k less than it's new retail price if you want to trade it in. What's wrong with that?

[T.W.R]

Mate, that's just dealerships doing what they do. They might offer you bugger all for your near new bike, but you can bet your ass they're charging basically new prices for them once they're on the showroom floor.

http://www.trademe.co.nz/motors/moto...-618444990.htm 1 year old 8,000 KM, and they're charging EXACTLY the same as these guys http://www.trademe.co.nz/motors/moto...-610772734.htm are charging for a brand new one.

That's why you don't trade a near new bike back into the dealership

There is a pervading attitude in NZ though, of "This is how much I paid for it, and so that's how much it's still worth!". Not much you can do about that, though.

5 minutes of motorcycling and you know the ins & outs probably had more new bikes than you've had hot dinners

[Robert Taylor]

Looking for a cheap reliable bike for the missus to learn on, whilst selling my CBR900, and apparently simple basic GNs and similiar are worth similiar value.
You can buy GNs and Scorpios etc brand new for less than $4k, but it costs almost that much to buy a 5 year old model with decent mileage. Go back another 10 years, and the price practically stays the same.

One would think if you bought a 10+ year old basic learner legal bike, theyd have devalued to $1500 or less, but magically they never seem to go below $2k in value. Anyone else notice this?

???????????????????? Cynically, there are too many dealers and everything becomes a dutch auction. ''That other dealer down the road will give me $800 more'' Etc etc. There needs to be more self regulation of pricing so that dealers dont over trade and create unrealistic pricing. Customers also need to have realistic expectations and realise that dealers actually have to make a living