I had a dealer talk me out of trading my bike for a new bigger cc model. He asked me why I was looking for another bike and I told him better ride and carry more stuff for a across country tour. He suggested a few modifications for around $1,200 and I should be good to go for many years. He was right 5 years ago and I'm still happy with my bike. The moral is to consider all options before laying down a bunch of cash (purchase $, taxes, and maybe increased insurance) for a new bike.
Gene Clarke Hey man! That’s really cool you found a guy at the dealership that gave you solid advice when it didn’t benefit him. Do you mind me asking what you ride and what mods you did to make it worth your while for another five years? I started riding almost 3 months ago on an ‘03 v star 650 and i’m really itching for a bigger machine already. Just put soft bags on it so i can ditch my backpack and i’m gonna adjust my rear preload so my girlfriend will have a more comfy ride when we go 2 up.
I have a Honda 750 Shadow and I was going to trade (at the time) for an ST1300 ($16k) for a cross country tour. He took my bike and added upgraded adjustable shocks, large carrying rack, replaced my windscreen with larger touring windscreen, crash bars, added fog lights, a throttle control lock, and an Air Hawk seat pad (highly recommended if you spend hours in the saddle). I also replaced my tires before the long trip. I had no issues going cross country and the upgrades made the bike more enjoyable on my daily ride. Some day I'll buy a new bike from this dealer since he's earned my business over the years.
I honestly feel you can squeeze out a few more dollars in a private sale than a trade in. The drawback is that you may be waiting a while for the right buyer if you decide to sell it yourself. If you need cash fast this won't work and you'll have to bite the bullet at the dealer. A private sale might be more forgive in terms of the bikes condition as opposed to a dealer that will significantly undercut the value of the motorcycle. Very informative video
I would just like to call bullshit on the front fork seal it is not a big deal to replace them at all and if somebody says it is there either lazy or incompetent
Timothy C it works when you trade the bike in. It depends on your state too. But for example, if you’re trading your bike in, you only pay tax on the difference between the new one and the trade. If your bike is worth 10,000 and the tax rate is 8 percent. It’s a 10,800 value. If you sell the bike for 10,000, you pay the full tax rate. So it benefits to trade it in for tax purposes. BUT if you can sell your bike for more than what the trade value is plus the tax break, you make out ahead of what you would get at the dealer.
Hey. I recently started work at a motorcycle shop and am looking at getting a bike for myself. I just found your channel and liked your videos. I wanted to know what gear you use. I’m new to the motorcycle world and have only ridden a bike long enough to pull it from the front to the back of my shop a couple times so far. Thanks!
1:39 you think 20k is equal to 100k car miles? That is being alittle unreasonable. I KNOW a motorcycle taken reasonably good care of will last more than 90k miles.
Bikes will absolutely last much longer than 20k miles if properly taken care of. If you’re trying to get the most money on trade value, it’s helpful to have low miles.
What he said had nothing to do with dependability. If you listen carefully he's saying there are too many low miles bikes in the markets so it effects what people will buy. And that it absolutely correct. It's amazing how many bikes have 1K-5K miles that are even 3-5 years old. Try finding that in the auto industry.
Good information, but it always seems like the consumer always gets the shaft We always get the worst end of the deal, and that's too bad, and it's not fair either I'm sure all you people will agree with me That's it, goodbye everyone and have a good one
Honestly mines is in two pieces I hope I can be able to double the price after this
WOW - excellent!
Never thought about the tax credit. Good advice.
I had a dealer talk me out of trading my bike for a new bigger cc model. He asked me why I was looking for another bike and I told him better ride and carry more stuff for a across country tour. He suggested a few modifications for around $1,200 and I should be good to go for many years. He was right 5 years ago and I'm still happy with my bike. The moral is to consider all options before laying down a bunch of cash (purchase $, taxes, and maybe increased insurance) for a new bike.
Gene Clarke Hey man! That’s really cool you found a guy at the dealership that gave you solid advice when it didn’t benefit him. Do you mind me asking what you ride and what mods you did to make it worth your while for another five years? I started riding almost 3 months ago on an ‘03 v star 650 and i’m really itching for a bigger machine already. Just put soft bags on it so i can ditch my backpack and i’m gonna adjust my rear preload so my girlfriend will have a more comfy ride when we go 2 up.
I have a Honda 750 Shadow and I was going to trade (at the time) for an ST1300 ($16k) for a cross country tour. He took my bike and added upgraded adjustable shocks, large carrying rack, replaced my windscreen with larger touring windscreen, crash bars, added fog lights, a throttle control lock, and an Air Hawk seat pad (highly recommended if you spend hours in the saddle). I also replaced my tires before the long trip. I had no issues going cross country and the upgrades made the bike more enjoyable on my daily ride. Some day I'll buy a new bike from this dealer since he's earned my business over the years.
I honestly feel you can squeeze out a few more dollars in a private sale than a trade in. The drawback is that you may be waiting a while for the right buyer if you decide to sell it yourself. If you need cash fast this won't work and you'll have to bite the bullet at the dealer. A private sale might be more forgive in terms of the bikes condition as opposed to a dealer that will significantly undercut the value of the motorcycle. Very informative video
20k? I average 7-10k a yr. My last trade had 68k.
I would just like to call bullshit on the front fork seal it is not a big deal to replace them at all and if somebody says it is there either lazy or incompetent
how does the tax credit work - do you get it immediately or is it something you file for during tax season?
Timothy C it works when you trade the bike in. It depends on your state too. But for example, if you’re trading your bike in, you only pay tax on the difference between the new one and the trade. If your bike is worth 10,000 and the tax rate is 8 percent. It’s a 10,800 value. If you sell the bike for 10,000, you pay the full tax rate. So it benefits to trade it in for tax purposes. BUT if you can sell your bike for more than what the trade value is plus the tax break, you make out ahead of what you would get at the dealer.
Love your videos. You might get this question a lot. Or maybe people already know and I'm late to the show. How do you fix your GoPro to your helmet?
Hey. I recently started work at a motorcycle shop and am looking at getting a bike for myself. I just found your channel and liked your videos. I wanted to know what gear you use. I’m new to the motorcycle world and have only ridden a bike long enough to pull it from the front to the back of my shop a couple times so far. Thanks!
Dealers always dick you on the trade....its inherent in their nature..
Sell via cycle trader and wait it out.
Using your tax credit as part of the deal? Sounds like a trash portion of the deal. The dealer using that as part of your deal.
1:39 you think 20k is equal to 100k car miles? That is being alittle unreasonable. I KNOW a motorcycle taken reasonably good care of will last more than 90k miles.
Bikes will absolutely last much longer than 20k miles if properly taken care of. If you’re trying to get the most money on trade value, it’s helpful to have low miles.
" If you’re trying to get the most money on trade value, it’s helpful to have low miles.". Yes...News flash..water is wet. xD I knew that part.
What he said had nothing to do with dependability. If you listen carefully he's saying there are too many low miles bikes in the markets so it effects what people will buy. And that it absolutely correct. It's amazing how many bikes have 1K-5K miles that are even 3-5 years old. Try finding that in the auto industry.
Ah, now that makes sense. I forgot about that.
Good information, but it always seems like the consumer always gets the shaft We always get the worst end of the deal, and that's too bad, and it's not fair either I'm sure all you people will agree with me That's it, goodbye everyone and have a good one
David S lol that's our job as lowly consumers to be bent over dry...
Dealers are there to make a profit on both. It’s business. But there’s a big difference between totally shafting someone and being reasonable.
Not buying the 20,000 mile comment! I have experienced different results than you described! I would NOT buy a bike from you!
More importantly, I would not trade in a bike to him.
JEB will you stop shouting?you make my ears hurt
Terry Poff , go find yourself a safe place and cry !!!
JEB there you go shouting again lol.go buy yourself a sense of humor?
Terry Poff , I presume you went to your safe space and cried ! Glad you finally feel better!
This is disingenuous, the guy is a MC dealer. He's gonna short you any way he can. 20k miles is a lot. Ha!