Motorcycle Buy Back?

[jmmk]

Hey
Any of you fine people had any dealings with this company? Are they good to deal with and fair with buy back prices and so on? Any enlightening comments would be appreciated and thank you in advance.

[White trash]

What company? Never heard of 'em........

[sil3nt]

http://motorcyclebuyback.com/

Dude that runs it is here
http://www.kiwibiker.co.nz/forums/me...-Peter-Buyback


Got it from here:
http://www.kiwibiker.co.nz/forums/sh...post1129536155

[Hitcher]

Expensive. "Damage", other than normal wear and tear, should be covered by insurance, a cost that the bike's owner should meet. I also think they're being a bit greedy on the depreciation rates. OK, they offer a guaranteed sale, but I think they're clipping the ticket a bit hard.

[p.dath]

Expensive. "Damage", other than normal wear and tear, should be covered by insurance, a cost that the bike's owner should meet. I also think they're being a bit greedy on the depreciation rates. OK, they offer a guaranteed sale, but I think they're clipping the ticket a bit hard.

I just pondered that. You can't insure a vehicle you don't own. So the new temporary owner would need to insure themselves to cover "Damage".

[jmmk]

Expensive. "Damage", other than normal wear and tear, should be covered by insurance, a cost that the bike's owner should meet. I also think they're being a bit greedy on the depreciation rates. OK, they offer a guaranteed sale, but I think they're clipping the ticket a bit hard.

They say on website bikes up to $5000 they will buy back for 50%, $5000 to $7000 60% and $7000 and up 70%. Are you saying this isn't necessarily true and they ding the hell out of you for any little damage and depreciation? I only plan to have the bike for about a month and a half.

[avgas]

Seems like a really good way to make money to me.

Renter one - sell bike for 5K
buy back (on books) for 2.5K).
2 - sell for 2.5K
buy back for 1250
3 - sell for 1250

You make 5K off that bike in less than a year and it costs you near nothing (say $500 in services max) in the long run.

[jmmk]

Seems like a really good way to make money to me.

Renter one - sell bike for 5K
buy back (on books) for 2.5K).
2 - sell for 2.5K
buy back for 1250
3 - sell for 1250

You make 5K off that bike in less than a year and it costs you near nothing (say $500 in services max) in the long run.

Well like most businesses I'm sure they wanna make money, nothing wrong with that. I'm just trying to weigh options and renting a bike for about 6 weeks sure ain't cheap with lots of restrictions. Figured on buying a bike for $7000- to $10000 and if I could get 70% back when done that would satisfy me. Just worried that 70% turns into 50% or something stupid when the actual time to sell back comes.

[Hitcher]

I just pondered that. You can't insure a vehicle you don't own. So the new temporary owner would need to insure themselves to cover "Damage".

What? It's a "buy back" scheme, so clearly ownership has changed hands. Otherwise it would be a lease or rental arrangement.

[Hitcher]

They say on website bikes up to $5000 they will buy back for 50%, $5000 to $7000 60% and $7000 and up 70%. Are you saying this isn't necessarily true and they ding the hell out of you for any little damage and depreciation? I only plan to have the bike for about a month and a half.

It's still cheaper than renting. But the actual depreciation on a $5,000 bikes is bugger all, not half. If they buy it back off you for $2,500 the next time it gets sold will be for a figure dangerously close to $5,000 again, I predict.

[jmmk]

It's still cheaper than renting. But the actual depreciation on a $5,000 bikes is bugger all, not half. If they buy it back off you for $2,500 the next time it gets sold will be for a figure dangerously close to $5,000 again, I predict.

I'm sure your right but what options does a guy have? Either rent, ship my bike there from Canada or the buy back which seems to be the lesser of the evils so to speak.

[YellowDog]

Seems like a really good way to make money to me.

Renter one - sell bike for 5K
buy back (on books) for 2.5K).
2 - sell for 2.5K
buy back for 1250
3 - sell for 1250

You make 5K off that bike in less than a year and it costs you near nothing (say $500 in services max) in the long run.

More like:

Renter one - sell bike for 5K
buy back (on books) for 2.5K).
2 - sell for 4.5K
buy back for 2250
3 - sell for 4k
buy back for 2k

It's a great money making scheme and may do well if it is looking to compete with the rental market.

My preference would be to buy a popular bike off Trademe cheaply and sell it even cheaper

[ajturbo]

wow.. think i have a bike here that i will sell you for 9k.. and buy it back (as good a condition as i sold) for only 70%....

2,700 for a month of doing nothing.... hmmmmm

yeah ok.. will put new tyres on it...

what month you be here?

err.. it's a road bike

[Owl]

wow.. think i have a bike here that i will sell you for 9k.. and buy it back (as good a condition as i sold) for only 70%....

2,700 for a month of doing nothing.... hmmmmm

yeah ok.. will put new tyres on it...

what month you be here?

err.. it's a road bike

Not sure the RG50 will fit the bill ajturbo

[Jantar]

They say on website bikes up to $5000 they will buy back for 50%, $5000 to $7000 60% and $7000 and up 70%. Are you saying this isn't necessarily true and they ding the hell out of you for any little damage and depreciation? I only plan to have the bike for about a month and a half.

So if they have a bike lsted at $4995 it would be better to tell them the bike is worth more than that, and pay $5005 for it. That extra $10 paid will get you an extra $500 back on resale.