What would you pay for an R1?

[Crasherfromwayback]

[ 'Professional Motorcycle Valuer'. .

I do it as part of my job.

[jrandom]

Cars, motorbikes, bicycles... aftermarket parts never make a machine sell for more. Not by much, anyway. They make it more likely to sell, all other things being equal, but they don't increase the saleable value by anywhere near what they cost to fit.

Blinging a bike out is just money burned. Personally, I'm happy to do it, and lord knows I'll end up burning plenty that way on the Nightster, but I won't expect to get it back if I ever sell it. Motorcycles are there to turn money into awesomeness, not to be investments.

Mr Chicken should pop the thing up for a dollar reserve and let the invisible hand of Adam Smith resolve the argument.

[jrandom]

And, yeah. 3-year-old thou with 15K on the clock, gold bling bolted on everywhere and reasonably nutritious chicken strips... $16K would see it sold.

You just know the kind of guy who'll buy it will bin it immediately, too.

[DMNTD:Me]

is a 08 R1, stock standard with just over 5000kms on the clock..
15k firm and bling it from there..

...and no doubt at that price it'll be staying in the barn

[gatch]

I'm certain I have seen it at manfield. In all it's gaudy glory.

It's worth $500. Because that is all I am willing to pay for it.

[Muppet]

And, yeah. 3-year-old thou with 15K on the clock, gold bling bolted on everywhere and reasonably nutritious chicken strips... $16K would see it sold.

You just know the kind of guy who'll buy it will bin it immediately, too.

Exactly, it's a 3 year old bike with 15k on the clock. Just because someone else (owner of the bike) thinks all the extras are worth something doesn't mean they are. Remember you have to think of the next buyer, are they going to want the bike with all that crass gold stuff all over it? And you sure as hell won't get $23,000 for it either-you'll lose half that. I bought a mint 2001 R1 with 10k on the clock for $12,000 and that was in 2003. Someone lost $12,000 in 2 years and it wasn't me! My bike buying criteria: Bike has to be mint, low km's (within reason) and a bargain.

[GrayWolf]

Hi Brett, I am the owner of the R1 you are referring to. I have not been a member on this forum until now, but a mate mentioned that there was some discussion happening, so I took a read and thought I would provide a reply. Rather than respond to all the 'interesting comments' made, I will just make a few points. 1) There is genuinely $10,000 of extras on the bike and I have all the receipts to prove it. 2) This bike was decked out to my liking and not intended to please the masses. Some like it some don't, and that is just the way it is. 3) I am initially trying to sell the bike fully decked out, and whoever buys it as is, will do so simply because they like it as is, if they don't then obviously they won't buy it. 4) Price - At the last listing, the bike had a Start Reserve of $23,500 and with the latest listing I have lowered this slightly to $23,000. If you are seriously interested and want to negotiate dollars, then let me know. I am not unreasonable and would like to think we can reach a compromise. 5) Value - as with everything, this is in the eye of the beholder. For anyone who likes it as it is, and from my perspective, I think of it as getting a standard mint condition bike for $13,000 and then throwing $10,000 of goodies on top. Note that this assumes you could get mint 09 R1 for $13,000! 6) Second Hand vs New - obviously my current asking price is close to the price of an 2012 R1. But that is not really comparing apples with apples. Ultimately, you need to make the judgement call of what you value in a bike, and that is why I provided a comprehensive list of all the extras on my bike.

Happy hunting for your next bike, whatever that may be. Hope you get what you are after.

Mate as I pointed out earlier, I bought a 2yr old bike 13k km's Ohlins suspension and modified set up at CKT racing, price new 27k without the suspension package,,, bought Dec last year for $15.6k. You can value the 'bling/mods as 10k's worth, and it may well have cost you that much... again as I pointed out, putting a $20000 kitchen in a house does not increase its value 20k, it makes it more 'saleable'... Heavily modified bikes, pipes, tuning, suspension etc? well you gotta have a set of pipes, forks and rear shock, brakes (if you replaced the calipers etc).... so in reality you either put the original bits back on, or? Accept that you have spent 10k modding it up, and accept the loss..... it is not a 23k bike in this current market... and I have no axe to grind either way about it, I can appreciate the extras and what it may do, but it isnt my kind of bike either.
However, good luck with the sale, and if it does fetch that amount? Then damn good for you!

[Madness]

[QUOTE=rossirep;1130320217][QUOTE=AngryChicken;1130320209]
[QUOTE=AngryChicken;1130320233][QUOTE=rossirep;1130320217]

I wish you two muppets would learn how to quote someone's post properly.

[mossy1200]

While we all say its worth not a penny more than 17k some tossa is prob sending baby batter onto his monitor and will splash out 23.5 for it.
Next week he will be on KB as a new member complaining about how State Insurance ripped him off and only paid 14k on his claim after flipping it.

[Madness]

Next week he will be on KB as a new member complaining about how State Insurance ripped him off and only paid 14k on his claim after flipping it being taken out at a training day.

Deja Voodoo!

[Brett]

Hi Brett, I am the owner of the R1 you are referring to. I have not been a member on this forum until now, but a mate mentioned that there was some discussion happening, so I took a read and thought I would provide a reply. Rather than respond to all the 'interesting comments' made, I will just make a few points. 1) There is genuinely $10,000 of extras on the bike and I have all the receipts to prove it. 2) This bike was decked out to my liking and not intended to please the masses. Some like it some don't, and that is just the way it is. 3) I am initially trying to sell the bike fully decked out, and whoever buys it as is, will do so simply because they like it as is, if they don't then obviously they won't buy it. 4) Price - At the last listing, the bike had a Start Reserve of $23,500 and with the latest listing I have lowered this slightly to $23,000. If you are seriously interested and want to negotiate dollars, then let me know. I am not unreasonable and would like to think we can reach a compromise. 5) Value - as with everything, this is in the eye of the beholder. For anyone who likes it as it is, and from my perspective, I think of it as getting a standard mint condition bike for $13,000 and then throwing $10,000 of goodies on top. Note that this assumes you could get mint 09 R1 for $13,000! 6) Second Hand vs New - obviously my current asking price is close to the price of an 2012 R1. But that is not really comparing apples with apples. Ultimately, you need to make the judgement call of what you value in a bike, and that is why I provided a comprehensive list of all the extras on my bike.

Happy hunting for your next bike, whatever that may be. Hope you get what you are after.

Hey mate, thanks for taking the time to come on here and post, and welcome. Have added your comments to the thought list....at this stage, will be keeping your R1 on the Watchlist while I assess a few options. I can understand why you feel that is the 'value' of the bike, I felt that way about my previous ride! (Nothing worse than selling a bike ( or anything for that matter) and then regretting it because in ones own minds eye it was more valuable than the market dictated.

Enjoy the forums.

[Brett]

Exactly, it's a 3 year old bike with 15k on the clock. Just because someone else (owner of the bike) thinks all the extras are worth something doesn't mean they are. Remember you have to think of the next buyer, are they going to want the bike with all that crass gold stuff all over it? And you sure as hell won't get $23,000 for it either-you'll lose half that. I bought a mint 2001 R1 with 10k on the clock for $12,000 and that was in 2003. Someone lost $12,000 in 2 years and it wasn't me! My bike buying criteria: Bike has to be mint, low km's (within reason) and a bargain.

It's the "bits" on the bike (yoshi, ohlins, power commander, cosmetic bits to tidy up etc.) not so much the gold that I like...in fact everything gold would be powder coated or replaced with a black equivalent under my ownership.

[numbersixteen16]

Yep... thats practically a mirror image buddy, and almost identical in every way with all the same number of extras and performance mods - I almost can't believe it! You're awesome buddy, thanks very much. You just gotta love people that value other peoples bikes and do so with blissful ignorance and professed market knowledge. Makes me giggle every time. Good on you buddy! Keep the chuckles coming. You're Awesome. Go Rossi!

I LOVE SARCASM!! (sarcasm intended)

Seriously now though, when modifying a vehicle, the value of the parts is halved - no argument.

[DMNTD:Me]

Seriously now though, when modifying a vehicle, the value of the parts is halved - no argument.

Colleague of mine sold an '08 ZX10R new to a customer who then spent around $14k ($32k total) modifying and personalising it.
I bought it 2.5 years later when it had 12,400kms on it for our $10k valued ZX14 and $500