I'm looking at buying this, wanting advice

[BikerChick101]

Hey guys, as the title says, I'm looking at buying this bike and wanting some advice on it. Please and thank you!

It's a Suzuki GS500, 1994, just had an overall of carb, brakes, new filters etc, has mint tyres and will be sold with rego and a new wof.

I'm told it was owned by an old guy who has passed on and his family is using the bike shop to sell on behalf.

I was originally told it would be around 2 to 2.5 grand but that they still had to work out the price with the work they've done on it. I've just had an email saying they want $3,600 for it which I'm leaning towards being too much for an older bike.

This is the same as the last bike I had which I had an absolute ball on. I don't want to be spending big bucks until I've got my full licence, then I'll buy something new...

What's everyone's thoughts on it?

[TheDemonLord]

Hey guys, as the title says, I'm looking at buying this bike and wanting some advice on it. Please and thank you!

It's a Suzuki GS500, 1994, just had an overall of carb, brakes, new filters etc, has mint tyres and will be sold with rego and a new wof.

I'm told it was owned by an old guy who has passed on and his family is using the bike shop to sell on behalf.

I was originally told it would be around 2 to 2.5 grand but that they still had to work out the price with the work they've done on it. I've just had an email saying they want $3,600 for it which I'm leaning towards being too much for an older bike.

This is the same as the last bike I had which I had an absolute ball on. I don't want to be spending big bucks until I've got my full licence, then I'll buy something new...

What's everyone's thoughts on it?

What sort of Warranty are they offering for $3,600? If they are offering none then I would leave it, if they will do a 6 month or a years warranty, then that is more reasonable.

[jasonu]

That is a bullet proof bike that will get you to where you are going for not much money.
However $3600 sounds like a lot considering its age and highish km's.
The original asking money sounds more like it. The work they did on the bike doesn't add any value to the bike, just makes it more sellable and attractive to a buyer. Offer them say $2500 and if they don't take it there are always other fish in the sea.

[BikerChick101]

I know they are really good, reliable bikes which is why I was looking at it. He says the lowest he'll go is 3400

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[SVboy]

Good bike, but too dear.

[BikerChick101]

http://www.trademe.co.nz/Browse/List...x?id=975875898
What about this one? Might go look at it this weekend

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[smmudd83_1999]

It sounds to me like the original sellers let slip what they were expecting. And then it sounds like the shop has added servicing and resell margin on top.
If this is sold through a dealer and not privately than they are within their right to do that.
If it is sold privately, then those costs should really be passed back onto the seller.

I don't really understand these "I'm selling it privately - just using the dealer to sell on behalf" arrangements. And then get big pre-sale servicing done. And pass that $s onto the buyer. Plus dealer margin $s....because that's just exactly what a used dealer sale is. Aye? So the dealer has every right to sell at the bigger $s to recoup business. Shops and keeping people employed costs big money afterall.

[TheDemonLord]

It sounds to me like the original sellers let slip what they were expecting. And then it sounds like the shop has added servicing and resell margin on top.
If this is sold through a dealer and not privately than they are within their right to do that.
If it is sold privately, then those costs should really be passed back onto the seller.

I don't really understand these "I'm selling it privately - just using the dealer to sell on behalf" arrangements. And then get big pre-sale servicing done. And pass that $s onto the buyer. Plus dealer margin $s....because that's just exactly what a used dealer sale is. Aye? So the dealer has every right to sell at the bigger $s to recoup business. Shops and keeping people employed costs big money afterall.

Hence my comment about a Warranty - if you are paying Dealer prices, you except Dealer service (a Warranty), if it's a private sale, then you pay private sale prices (which is about a grand less than what they want).

[Big Dog]

I know they are really good, reliable bikes which is why I was looking at it. He says the lowest he'll go is 3400

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It might be different standing in front of him with 2800 cash.

He will probably then day he can't go under 3. Then you get the eftpos card out.

But you have to be prepared to walk and the test ride has to be done before you haggle.
Until you have been for a test ride he needs to leave some padding to cover any changes you want. E.g. like bike but xyz is worn out.

If that is your tipping point a 6 month warranty for 3400. Probably is better value than 3000 with no warranty.

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[WNJ]

http://www.trademe.co.nz/Browse/List...x?id=975875898
What about this one? Might go look at it this weekend

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You could bungee your dog to the pack rack

[tigertim20]

break the mold, get something different. they are a solid dependable bike, but there are some way more fun / exciting rides out there that you're missing out on!

[bmws1r]

Its a 20+ year old bike, keep saving for something at least year 2002+, but if you really really want it 2 grand tops.

[bogan]

3,600 for that is I want this bike money. If you just want a bike, which is dependable, goes well, blah, blah, blah that is too dear given the kms and age.

I paid 3,600 for a 1990 model bike earlier this year with similar kms, but it was the exact model bike I wanted (and it came with a parts bike to sweeten the deal).

[nzspokes]

Way to many $$$ for an old bike with higher Ks. 2k bike max.

[schrodingers cat]

It might be different standing in front of him with 2800 cash.

He will probably then day he can't go under 3. Then you get the eftpos card out.

But you have to be prepared to walk and the test ride has to be done before you haggle.
Until you have been for a test ride he needs to leave some padding to cover any changes you want. E.g. like bike but xyz is worn out.

If that is your tipping point a 6 month warranty for 3400. Probably is better value than 3000 with no warranty.

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Almost.

$2800 in pocket. Wave $2500 under his nose (in $10 notes so it looks like a fair old wodge)
When you're talking keep the money moving a bit. If he keeps looking at it you're there.
If he says more don't even pretend to go to the atm, just whip it out and get the deal done.

Remember you're the one doing the favour.