Keep or trade in?

[Big Dog]

Two tips.

1. Buy a more expensive bike, my mods haven't cost half of what I paid for the bike. However, soon the cost of the mods will be about even with the bike's value

2. Don't fit mods for resale value... well, I can't figure out why anyone would do that. Mods made are for personal reasons and desire. 1/3 of the 15k was for electronic Ohlins, and wow, sooo much better than stock. I love it.

Spread over the 150,000km life of a bike of the nature you have and 5 k is fuck all.



Stupid phone / Tapatalk, apologies in advance.

[Maha]

I would say people that spend more money on mods than the bike is worth have possibly bought the wrong bike to start off with. Generally speaking mods will decrease and not improve resale value.

All I ever spent on a 'New' bike was between $600-900 on a Can replacement. My Sprint got Ohlins front and back then I sold it, surprisingly I got almost $1000 above the asking price for that bike in cash, same with my YZF600, the guy that bought it kept upping the price on TM so he wouldn't miss out. I did absolutely nothing to that bike and sold for about $500 less than purchase price. I you buy a $5K bike and spend a similar amount on upgrades, market value wont keep up with the money spent.

[Gremlin]

Spread over the 150,000km life of a bike of the nature you have and 5 k is fuck all.

True. Bear in mind the OEM suspension isn't serviced, you buy another set. I've saved around $2k already, when I had the Ohlins serviced after 30k. In another 30k and another service I'll saved the full cost of another set of BMW suspension (about $5k). Just subtract the cost of the suspension servicing.

Parts and normal servicing have probably cost $5k already. Probably inevitable I'll be up for a replacement shaft eventually... that's $2.5k easy...

Hope I get more than 150k out of it... I'm almost 2/3rds there already! CB900 is amusing. Cheap as chips to maintain, the Ohlins suspension is probably worth the same as the bike, and with 125k on it, it's still reliable and keeps clocking up the km. Worth more as a bike, than it's market value.

[Big Dog]

True. Bear in mind the OEM suspension isn't serviced, you buy another set. I've saved around $2k already, when I had the Ohlins serviced after 30k. In another 30k and another service I'll saved the full cost of another set of BMW suspension (about $5k). Just subtract the cost of the suspension servicing.

Parts and normal servicing have probably cost $5k already. Probably inevitable I'll be up for a replacement shaft eventually... that's $2.5k easy...

Hope I get more than 150k out of it... I'm almost 2/3rds there already! CB900 is amusing. Cheap as chips to maintain, the Ohlins suspension is probably worth the same as the bike, and with 125k on it, it's still reliable and keeps clocking up the km. Worth more as a bike, than it's market value.

That was what hurt about having to sell the busa. I had always assumed it would be a forever bike. It was worth far more as a bike than cash... until circumstances changed...
Got to watch the sprogs... ruination of an otherwise affordable hobby.

[R650R]

And FFS don't anyone buy a new Suzuki until they release their next Summer Fest catalogue.

Or a new Honda until its been sitting on the showroom floor for at least two years

Sell or trade before its worthless though.

I scored my 98 GSXR750W for15,995 when brand new, now 110,000km later nobody wants it
Have had a superb run out of it and the fun per dollar/km is great overall.

[breakaway]

Buying new is for people with zero financial acumen or people with fuck u money.

People in the former group should buy second hand machines that have already depreciated and spending their money on things that will generate funds. But alas, a lot of people feel entitled to a standard of living that they have not earned. On the extreme end of it, you hear about these people getting foreclosed on and packing a sad about it.

If you are putting something like this on finance, you can't afford it.

[Banditbandit]

Buying new is for people with zero financial acumen or people with fuck u money.

People in the former group should buy second hand machines that have already depreciated and spending their money on things that will generate funds. But alas, a lot of people feel entitled to a standard of living that they have not earned. On the extreme end of it, you hear about these people getting foreclosed on and packing a sad about it.

If you are putting something like this on finance, you can't afford it.

Fuck off ... here's more to life than earning money ... and ya can't take it with you when that scythe-wielding gentleman comes for you ...

[imdying]

Buying new is for people with zero financial acumen or people with fuck u money.

Hardly, bikes are cheap. It's not like they're buying exotic sports cars worth more than a house. Five or ten thousand dollars in instant depreciation is hardly going to cause poverty. New Zealanders are terrible at maintaining vehicles, arses so tight they turn coal into diamonds... that money is a small price to pay not to have to deal with the results.

[Big Dog]

Hardly, bikes are cheap. It's not like they're buying exotic sports cars worth more than a house. Five or ten thousand dollars in instant depreciation is hardly going to cause poverty. New Zealanders are terrible at maintaining vehicles, arses so tight they turn coal into diamonds... that money is a small price to pay not to have to deal with the results.

Which is only true if you have the initial capital.


Stupid phone / Tapatalk, apologies in advance.

[breakaway]

Hardly, bikes are cheap. It's not like they're buying exotic sports cars worth more than a house. Five or ten thousand dollars in instant depreciation is hardly going to cause poverty. New Zealanders are terrible at maintaining vehicles, arses so tight they turn coal into diamonds... that money is a small price to pay not to have to deal with the results.

Fuck off ... here's more to life than earning money ... and ya can't take it with you when that scythe-wielding gentleman comes for you ...

Attitudes like these are how people end up living paycheque to paycheque in job they hate with car/bike/appliance payments, right up until 'retirement age' (i.e. so old you may as well be dead)

[imdying]

Attitudes like these are how people end up living paycheque to paycheque in job they hate with car/bike/appliance payments, right up until 'retirement age' (i.e. so old you may as well be dead)

Rubbish, we're hardly talking about a kings ransom. We are talking about the instant depreciation as an argument against, yes? On a typical thou, that's what, a couple of grand a year? (assuming you lose $8000 instantly on a $24000 bike you replace every 4 years)

If you don't have a couple of grand to dispose of frivolously every year, then you're hardly in a position to be giving lectures on fiscal responsibility because clearly you fucked up badly somewhere.

[imdying]

Which is only true if you have the initial capital.

Why? If you've ticked it then that loss is spread over the contact period anyway. In that instant, think of it as having bought time, and that's not on sale often enough.

[Big Dog]

Why? If you've ticked it then that loss is spread over the contact period anyway. In that instant, think of it as having bought time, and that's not on sale often enough.

Or you can lump in the cost of finance, the interest you did not accrue or the other benefits you could have had for the same money.

I used to finance stuff for reasons to complicated for a cellphone keyboard.

Upshot since I stopped doing it, I ride a little less due to rising costs of fuel an reg eating more quickly into my monthly riding money. Good lord there's that budgeting concept again.

I do however spend about 6k less on riding every year.
About 3k less in financing fees and interest.
About 2k less in that I don't use a mechanic to service my bike because it is no longer cost benefit positive to do so ( more financing).
About 1k less a year in depreciation because I no longer buy from dealers.

I accept there is a risk with this formula that I might end up with an expensive paperweight. But his is how a man with little or no disposable income, supporting a family of four on a single income bought his first home less than a year after deciding he could no longer afford Auckland rents.

At this rate I can afford to a write down 8.5k on a bike every 12 months before I am worse off.
Do I have the most glamorous bike? No.
Do I enjoy the bikes I do have well beyond their cost? Yes.

One day when I am in a better position I may buy new. But if I do it will be because I can afford a forever bike I will never sell.


Stupid phone / Tapatalk, apologies in advance.

[imdying]

See now that makes sense. You do what you do because you have to do it. Blanket statements like, "Buying new is blah blah blah", are just plain ol' retarded.

[Big Dog]

See now that makes sense. You do what you do because you have to do it. Blanket statements like, "Buying new is blah blah blah", are just plain ol' retarded.

I never said it was retarded. Only that it was for those who could spare the capital. Be it the monthly costs of finance or the cash for a deposit or the full unenviable red outlay.

What is foolhardy is financing a bike you cannot now afford to service, or that you will struggle to service the finance requirements.
Been there done that (via a change in circumstances but the result was the same) got the tee shirt and took the bath on selling it.


Stupid phone / Tapatalk, apologies in advance.