Nothing ticks me off more than taxes paid on a vehicle that has already had the taxes paid on it. I have yet to see any politician explain why this is even legal. If I buy something brand new, I've paid (in Michigan) 0.06% tax on it right out of the gate. Why when I sell it, does the next person also pay taxes on it? Makes zero sense, and is a total sham.
@@Steve-Kratz wouldn't that be considered a tax fraud? I've heard the IRS is very hawkish on this stuff and always hunts the little guy with easy targets.
Imagine paying taxes on a used motorcycle that has already been subject to taxes before. Feels good to be Norwegian. Here if a bike is listed as $6000 then you pay $6000 and a re-registration fee that is like $50-$60 and that is it.
@@ryanrogers8211 Depends on how much you earn. if you make $55,000 a year (average income in Norway) you take home about 75% of what you earn. You then spend that money however you want. Obviously there are taxes on profucts first time buying them, most things are taxed at 25%, but if you were to buy used then you don't pay any tax.
Sales tax depends on the state. Some states even charge excise tax if you're entitled enough to, I dunno, KEEP your vehicle. All because of greedy people with surnames like mine.
When I was shopping for a commuter bike back in 2007. I was looking at two 2006 Suzuki Katana 600’s. One was at a dealership with very low miles (it was new, it was just last year’s model). The other was a private seller with 900 miles on it. The dealer wanted over 8k. I bought the used one from a private seller for 4,200$.
The sad part is in my area the private sellers are doing the same thing as dealerships. R3s from 2015 are going for 5k and 21 are going for 6k from dealerships.
So, you're paying about $1000 more for the private seller bike that was listed for $1000 more than the dealership bike. And the private seller bike also has less than 3k miles while the dealership bike has almost 18k. How are we comparing these 2 against each other again as if it's apples to apples?
Technically the dealer bike was 3 years newer, but yeah, it's not exactly a fair comparison to say "the end price of A was less than the end price of B, when the starting prices were drastically different". I also noticed that while he mentioned dealers not doing service on used bikes, he didn't add the cost of DIYing it to the dealer bike. Though I suppose it's probably hard to find two examples of the same model/year/mileage bike sold through a deal and private sale.
The mileage difference is enough to justify the higher price, and remember one of the channels sponsors is eurocycle so they aren’t going to crap on a motorcycle dealership while pocketing there money.
It's like you guys didn't watch the video. One of the first points he made was not letting mileage be that big of a deal unless it was coming up on a major service. And yes, they're sponsored by a dealer, but they literally said dealerships practice scummy sales tactics, told people not to pay prep fees and service contracts, and ended the video by saying one isn't ALWAYS better than the other. The purpose of the video was to get people to think about the final price at the end of the sale, and to show that SOMETIMES buying from a dealer may be a better option. Not always, but sometimes. There's a lot of people out there who won't deal with any dealership, and understandably so, and those people are who I feel they made this video for. It was a pretty fair comparison when you took all the different factors into account.
Anyone that thinks they're not getting ripped off from a dealership is living in a dream world especially right now during this price Insanity Loop we are in LOL 😄
$1600 in freight, ocean freight, set-up, and random paperwork. That shit should be listed instead of sprung on you when you get to the desk. $4750 price tag, but $6350 by the time you sign.
In other words you can't undercut a dealer but you can undercut a private seller that doesn't have much experience haggling or is desperate to move the bike. That's really the difference here.
Some dealerships are very good, some will rip you off if you give them a chance. From "dealership 1" I bought a used 2015 NC700x DCT (2 months ago) for just over $6k after all tax, tag, title, and any other "fees" that were added to it. The bike had 900 miles on it. I had to drive an extra 100 miles to get to that dealer. Then there was "dealership 2", which was a dealer close to me (under 5 miles) that had the same bike, same year, with 28k miles and they wanted $6800 plus tax, tag, title, and any other fees. (Note: I went to dealership 2 first). Most of the private sellers I saw on the same bike was right at $6k but with 15k or more miles. My bargaining chip against the dealership 1 was the fact they had that bike for 5 months and not getting much interest in it. They had it advertised for $6800 plus tax, tag, title, and any other fees. I told them if they wont sell it to me for $6k out the door, I will buy it from a private dealer where I will pay no more than $500 with tax, tag, and title. Dealership 2 I gave the same offer, but they said the lowest they could go was $6k plus tax, tag, title even if I paid in cash. One dealership wanted my business so I would go back to them, buy parts or services from. As it is, I drive out of my way to go to that dealership who was willing to give me the deal on my bike I was looking for. If the dealership closer to me would of worked the same deal, I most likely would be going to them to buy any parts or services from. Where dealers really start to get over on people is when they have to finance the bike. No private seller, unless you are GREAT friends with them, will take payments. So when the dealer knows you have to have financing to buy the bike they want, they know you can not get it cheaper. Tell the dealership when you are negotiating a price that you are looking for more than just the bike, you are looking for a place to buy your parts or services from. Most dealerships make more off of parts and services than they do selling motorcycles (if they are a good dealership).
UK VIEWERS READ THIS. As a salesperson at a (almost exclusively pre-owned) motorcycle dealership in Brighton, I can say wholeheartedly that the dealership you chose for that Vulcan was/is not how most used dealers work, at least here in the UK. We deal in used bikes all day every day, and every bike will be professionally valeted, serviced (if more than 1k miles or 6mo since last service), including valve clearence services when needed, with a full PDI check over, and a minimum 3mo warranty applied, with ANY work done to it to make it mechanically sound, including tyres, pads etc. Every bike. Every time. You've described a dealer that clearly doesn't care about its customers or stock. As much as I appreciate your own experience here, all those fees you've paid on your VFR are pretty ridiculous over here too. All the work we do on our bikes is covered in our list price. We charge your road tax, we charge your delivery if applicable, and we charge an admin fee where applicable. That's it. If you're in the UK I absolutely suggest talking to your dealer and ask them what you get for your money over a private sale. Any salesperson worth their salt will be honest and tell you. I'll even tell you what commission I get paid!
@@louielewis5209 I absolutely agree, and it's something that I've been trying to change at our dealer, but the reality is that most dealers do charge an admin fee. Ours is £99 flat across any bike, but some dealers charge in excess of £250 and hide it behind what looks to be a really cheap list price. Any dealer that's honest will tell you what the admin fee costs and won't try and hide it, and often you can haggle it out anyway. Past that, there's never any "hidden" fees. We don't charge tax on a used bike as this video suggests, and new bikes are subject to their First Reg Fee which is instated by the DVLA at a flat rate of £55; something we can't get around.
I just quit my job as a powersports salesman, I’ve been in the industry for years and I’m considering making videos to call dealerships out on all the bs that I feel so bad most customers don’t know about
Crazy how different your buying experience is over there. In the UK, if you buy from a dealer, they will put a fresh MOT (roadworthy test basically) and a service if it’s anywhere near due.
A Harley Davidson dealer sold me a used bike with a battery that I later discovered to be five years old. Buy new, have cash, don’t accept their first offer.
It's ridiculous to add a trade in into the price of the dealership and not take into account of the amount of selling the trade in bike privately, then discounting that amount from the privately bought motorcycle in the same way the trade in value was discounted from the dealer price. What I'm saying is, sell that trade in bike privately (most likely for more money) then discount that from the privately bought bike and the privately bough bike is far less than the dealer or just minus the trade in from the dealer price so you are comparing apples to apples and you will probably see the private price is lower.
Keep in mind, this channel is in part sponsored by a dealership, Eurocycles... I'd expect, in the channels own interest, to favor dealerships in this comparison.
@@firefighter1c57 Yeah, lost alot of faith in Yam here with the clear pro-dealership bias. Wasn't expecting them to shit on dealerships but there's a bent here that's hard to ignore.
Working at a dealership, we actually go through and do all needed maintenance when buying used motorcycles before they’re ready to be sold again. The expenses are taken out of the sales departments profits but having a good reputation and quality bikes has been a priority over profits for years.
Much rather buy from a dealership. First and foremost, spending twice the money for a new bike is always worth it compared to something that might have a hidden issue.
I found dealers sellingbikes with gear levers that aren't screwed on tightly enough. What do you think is the best way to find out what work has been done on a bike given that I wouldn't trust the answer if asked outright. @Jake Burns
Sounds good in theory, in the long run you have trust from your customers and that is great. But how do you do so much maintenance as a dealer? For clients motorcycles and for every motorcycle in the dealership? Wouldnt it be dangerous to lose money over a bike with a full service? Every motorcycle in the dealer has the potential to stand still and cost them money for months if not sold fast. i am curious to what level your dealer maintains their motorcycles. For example: Do you start and ride all these motorcycles once in a while? One of many good reasons for that could be: riding the motorcycle every 2 weeks prevents deforming the rubber. The tires shouldnt rest on one spot for multiple months. Tires will change their shape if the bike isnt moved for a long time and that could mean clients have to change tires sooner. It is just an example of what a motorcycle needs to really be in great riding condition. The only thing i want to point out by giving this example is that it seems like a LOT of work to really care for all your motorcycles in the dealer and run a business at the same time. But im interested to what level your dealership takes the maintenance of all their motorcycles. And how they do it Do they change tires?
@@laggy231 Dealerships make almost nothing on the actual vehicles especially new ones. They don't actually even own them it's more credit that they owe to the manufacturer. Goes for cars as well all the extras including maintenance, extended warranties,parts .
Firstly, I have to disagree about mileage not mattering. Every mile you put on you are one mile closer to needing that big service, your dealership bike in this case has seven times the mileage of the private bike. These two bikes are not an Apples to Apples comparison in my opinion. And it undermines your whole premise. As much as I love most of your content, I imagine that your channel gets some kickback from whatever dealerships you deal with and I think that should be disclosed. But I do agree that buying from a dealership is good in terms of them being a business who is interested in keeping their customers content, as you pointed out.
quick tip for buying used bikes, tires are the last thing you should check because you just replace them unlike engine parts and other parts costs a lot for quality parts
Agreed. I walked into a dealer the other day to upgrade helmets….we walked out with a used CB500X with 4600 miles. Less than 4K. Taxes and license / registration all handled be the dealer. Easy Peasy Lemon Squeezy.
Back when I started riding (about 6 years ago) I got a used Vulcan S with 17 miles on the clock, only 1 year old. Bought it for 5.5k, put about 10k miles on it, sold it for 5k the year after. Awesome way to get into the riding scene.
hey guys, bought a 1999 kawasaski concourse 1000 2 years ago,$2300 can,from a local dealer in nova scotia,they rebuilt the front calipers and i did a oil change and new front tire, riding trouble free since then,great used bike!
I went into a dealership for a possible trade and after walking around while they inspected my motorcycle, I noticed on their price tags of additional 200 dollar charge just to fill out the paper work.
I really with they would just include everything in the cost of the motorcycle pricd, before taxes. Like everything else we buy. Not have some random number that you don't actually end up paying. Like don't think it makes sense to compare these used prices to msrp of a new when the new also included a bunch of other fees the used bikes will not. If everything were already included would be much easier to compare.
Yep. Destination Charge. Freight surcharge. That's funny, I don't see that on literally anything else I buy. Just put the price on the tag. I'd argue that you're losing customers over the fact that they know it's the "price" + unknown charges.
A lot of dealers in my area (not all) do include all the extra charges on their advertised prices. Only thing not in there is the tax, but that's an easy enough calculation to do.
@@Gofr5 yeah I ended up buying from a dealer that did that. In stores / email anyway. Tax was weird though. I thought would just be on the bike but all the fees were included in taxes too it seemed like.
agree 100% on the protections for buying from a dealer... test rode a 2006 Ninja 500 at a dealer... ran fine on their little dead end road they were on... doing pulls... idled great... started fine cold... something was up with the carbs though... when you really got some heat in it and tried to cruise for a while it wouldn't idle... wouldnt start unless choked then you couldn't give it any throttle (had to "idle" (choke fast idle) back to the dealer about 2 miles... TWICE)... so i discovered this when i paid and left to head home 2 hours... i walked in told the guy i wasn't taking it home and ended up leaving with a different bike (listed at about $400 more than the Ninja) for the same price and I was happy...
Definitely a good review. Basically, do your homework. I ended up with a private seller simply because the dealership couldn't come up with what I was looking for, 1200 Sporty, but they did have a shiny new one [if I sold both my kids, a kidney and my left nut - Thanks Harley]. Definitely an as-is proposition for the used bike ('05). Bike is generally good except for the front lights where some hot-rodder installed some LED lights and butchered the wiring harness. Winter project .... Long and short, I still came out ahead. On the flip side, I bought my slightly used van from a dealer because it was way better deal than private. Not cheap, just better.
I disagree. Mileage matters a lot if you plan to keep the bike for a while and in this specific case a 2017 with 2500 miles is worth the extra 1000$ IMO. Now if the private seller bike was older than 2017 like maybe 2014 or older then I’d prob go for the higher mileage 2020 model because after 7 or 8 years things start to deteriorate especially when not being ridden and you can bet you’re gonna have to buy tires or risk riding on the old oems and change all fluids.
Obviously the mileage is the main reason for that price difference. I agree there is no need to worry about the reliability of the higher mileage bike, but I definitely not going to pay the same price for that bike. The mileage would be more important to me than the year in this case, because neither is very old.
He kind of explains it. I agree the mileage difference is significant but you are talking about a bike that is being used vs one that sits. At 17k more miles he had to put new rubbers on it. Motion is lotion for a lot of your seals and hoses. I try to avoid super low miles for that reason
Nice thumbnail, the Vulcan S is a damn good looking cruiser. I know the Vulcan Classic and such are bigger but I would like to see the Vulcan S styling’s with a 1000cc engine. I would pre-order today.
I bought my Sportster from a private seller, while dealers where $1500 more, and 3x miles+...I NEVER trust a used car/motorcycle dealership anyway, EVER. I have worked for too many of them to see the crap they pull.
In Texas, if you have a bill of sale showing you paid lower than the SPV, they will tax you on that. I just paid taxes on a Street Triple last year that I bought for $5500 and the SPV was about $1200 more, I just showed the tax assessor the bill of sale and no questions asked. This is in Houston (Harris County).
I just purchased an 2018 XSR 700 from a private seller. Garage kept 870 miles on the clock. full Leo Vince exhaust. 6k. Everyone else in my neck of the woods is selling for 7k to 9+. I think I did ok
Hi Guys I bought a 765 3 Years old from a Dealer. Payed full price MSRP went to pick it up on Saturday radiator went pop. £540 from Triumph, Got the bike home oil leak. Took it back picked it up 4 days later fixed all sorted. I could have bought the same bike with a 1000 miles less for the same money private. The after sales is what it`s all about. If you are buying a bike for a £1000 buy it. A new or newer bike spend that little more and get the after sales.
Contract presented to me at a local Harley dealership on a slightly used 2020 Harley Heritage that as absolutely beautiful. Not a mark on it and only 4,266 miles on it. Price: $20,497.00. Discounted $1,000.00 down to $19.497. Then they added $997.51 "UVC" charge=Used vehicle Conditioning. This cost is attached to every used bike they sell they told me. What could they possibly do to this bike with this many miles on it and in the new condition it was in that cost them a thousand dollars? Then a $599.00 Dock fee. $1,660.06 Tax. $263.28 Non-tax fee. $499.00 for new batteries for life. Out the door $23,516.64. I smelled a lot of excess fat on this deal and didn't go for it even though I loved the bike. Urgency never found a bargain. At 78 I'm way beyond the impulse buying stage of my life. I want this. I don't NEED it. Did I miss a great deal?
I’m so glad this video was made, I just bought my gear and the biggest stressor was buying private Vs buying from a dealership that’s HOLY SCHMOLY, some of these prices that people sell those 3-4 year old bikes at are worse prices than what the dealer has set!
exactly... you either want the dealer networks to exist or not and everybody complains about supply chain and lack of inventory LOL---- uh..... I bought my current general use bike at a good dealer and got it at a totally fair price OTD.
Seriously man...I don't understand how Honda only dealers survive on their slim margins. These manufacturers tell you exactly what they charge for freight for each model on their websites. I don't charge a dime over and people think I'm ripping them off....nope just trying to survive
When I was bike shopping, I noticed most used bikes were almost the same as a brand new one, (I was looking at bikes 5k-10k) So I bought a brand new one, figuring at least I knew no one abused it or damaged it in any way, I'm happy I did, I love my bike!!
What I find interesting is that when I was looking for my bike, I ultimately decided to stop bothering with looking in Texas because the dealerships down there ALL have ridiculous prices on bikes. I saw a 2 year old Z400 with 7k miles on it listed for almost 7 grand! That's almost 2 grand over MSRP for a brand new one, lol. Every single bike I found at a dealership in TX was like that. Maybe not to that extreme, but they were all listed over new MSRP for used bikes.
Yeah but good luck walking out of the dealer paying MSRP alone. You have dealer fees like freight and packaging, etc. That's assuming you don't have to be put on a wait list during this supply crisis. Maybe the fed rate hikes will lower demand? Or maybe civilization collapses before that will happen? Who knows lol
Depends what bike it is.....U can get bargains with mechanical service and road worthy and new tires from shop.....pay lil extra.....private as is where is
I bought a service contract that coverd the usual stuff like oil/brake fulid/coolant changes, but also a valve adjustment on a 2011 Triumph Sprint 1050 GT. One oil change and a valve adjustment and I was already $200 ahead.
Registration (change of ownership) for road tax purposes is free in the UK, but you do pay road tax for all vehicles, my 2015 BMW 220D is £20 per year but for my ninja 650 is £135, road tax here is calculated on the vehicle’s emissions and efficiency. Electric, hybrid or very efficient vehicles are exempt from tax.
Private sale was 1k more base price, how are you comparing the end price? You should be comparing % increase from base price to the end price. You should discount the service you'll do after as it has no relation to the choice of private seller or dealership and is done either way you go. This is the actual conclusion for this scenario. Private: +$471 (+7.85%) Dealer: +$613.75 (+12.5%) But in reality the conclusion is much easier: Whatever fees you pay in a private sale are dictated by the government and you will pay them whether you buy private or from a dealer, dealerships on the other hand have fees that you won't need to pay in a private sale, so for an identical bike with an identical price you'll pay more at a dealership.
Spite!!! Thank you for letting me/us know that Rokform released a vibration dampener!!! Just finished checking out to get mine for my V1 Handlebar mount!
I work at a Honda dealership in Vancouver, BC and we always replace all the fluids on any used bike we bring in. We also replace the tires if they're more than 5 years old or have uneven wear. Clearly the dealerships there don't stand behind their products like they should...
Yes, look at the array of motivations wherewith motorcycles are sold and let that be your overlay when reading ads. This will tell you a lot and might lead you to an exploration of the question, How do people lie? Also, when you make your purchase, right before you leave ask if there is one last piece of advise. Then, react to the advise very soon or consistantly. This is ego-bruising but a good tactic in happy riding.
In California it is NEVER cheaper at a dealer. They NEVER give up their “fees for BS”. It’s pure profit. They will tell you to your face. “We have to make money to keep the doors open.” My last 2 used bikes were $2000 cheaper on the street than at dealers with similar bikes. Maybe Texas is wonderland.
Yeah, I bought my bike from a private sale last August. I got a really good deal on it, but little did I know at the time, the major service was due in 1k. So that was an additional 800 bucks.
This was very, good advice. I usually don't see eye to eye with Spite because IMHO he goes off a bit half baked and bias. BUT he is getting better as time goes by. And in this one he is absolutely right on. Very good stuff. Maybe use that prep fee to force them to do an oil and fluid change.
This video was absolute nonsense. What are you talking about. He’s comparing vastly different bikes. They should have done an honest review of scumbag dealers charging ridiculous fees.
This is exacly what I wanted. Help me Silky Hair Spite, You're my only hope. I had a private seller selling his 2020 CBR650r for $8900, whereas the dealer was quoting around $13000 for a brand new one. That's without the insurance. I don't know what sort of additional charges they are adding to the list price that causing the price to jump up by almost $2500.
Just out of curiosity when was this? I'm currently looking at a 2020 cbr650r with 900 miles on it for 9600. Thats basically msrp but given how dry the market is right now I keep going back and forth on if its a good deal or not.
I put a (refundable, because I've never seen one in real life) deposit down on a Honda NC750x DCT last month, still waiting for one to arrive at the dealership. MSRP is $9299. Out the door price is over $11,800. I was told every month the shipping fee goes up by another $100. The only used one I found locally was sold the day before I called.
The supply chain is tight and demand is high, but to keep tacking on for the freight is just foul. Honda's website will tell you exactly what they charge the dealer in freight for each bike.
The answer to that is yes, well at least in SA they are definitely. Asking prices a couple thousand off from a brand new model when they are 4-5 years older with 20k kilometres or more...
Funny story: TX DMV demanded a dealer certified assessment which actually came in lower than the price I paid in a private sale. This was for determining the amount of taxes I would pay. Since no good can come from arguing with and pissing off DMV employees I simply agreed to pay taxes on the higher value (what I paid). Woman later admitted that her husband owned exact same make/model bike. I think she felt bike was really worth a lot more and asking for assessment was her prerogative. I think she was surprised that assessed value was actually $500 less than I admitted to paying. Anyway, I got the title.
I've found seeking out dealers nationwide on cycletrader to be a good strategy when looking for bikes, new ones especially. The high volume dealers have substantial discounts. I recently purchased a Z900RS Cafe this way and the OTD price + shipping was $11,500. The MSRP for the bike is $12,200 + taxes/fees, close to $14,000...so ended up saving $2,500k+ Only downside is the cheopo shipping I used takes 3-5 weeks
Yeah, I would have LOVED to find that kind of deal on the Z400 I just bought. I had to drive 200 miles one way to pick it up and still ended up paying over MSRP. But I suppose that's as much because of the bike I bought, since there were like 10 new Z400s in the entire country, lol
@@silkmonkey I filtered the search for nationwide, make, model, trim and then sorted by price. The one I found was Southeast Motorsports in Milwaukee...flew out there for 200 roundtrip, signed the papers and out. The volume sellers have discounts periodically given to them by the manufacturer. I asked the sales manager and he said exactly that. They're the 6th largest volume seller in the US for Kawasaki. Good luck!
@@FlesHBoX I think they had 200 off on the Z400, wouldn't be worth it Yeah man, originally wanted the xsr 900, only found 3 dealers nationwide having actual stock smh
He did not discount it. He addressed it. 17k is more than 2.5k, but it's not alot. He also made the point that the older bike with 2.5k sat around alot...while the other bike was running more...
@@seriousandy6656 which is completely wrong. 17k is a lot of riding. Being ridden occasionally for a few years is no problem at all. This isn’t some bike that sat full of gas since 1970.
@@Tom-wp9ix yup, I've seen bikes that were 5-6 years old and only had 6 thousand miles on them. 17k miles means it did a lot of riding and no telling how many times that owner tromped on the throttle, rode the clutch etc. Me personally, I'd never buy a bike from a stranger that had over 3 thousand miles ..don't trust them/it
Best way to buy something is getting pre-approved. Walk in with a check from the bank of choice. Tell the dealer I want the bike for this price out the door. Most of the time they’ll go for it. Bought several vehicles and bikes like this. Never spent more than an hour inside the dealer.
This is heavily dependent on the bike. I just bought a '22 Z400 and of the roughly 10 available in the country, not a single one would budge on the price. I picked probably the worst time to get a new bike, lol.
@@jq3822 depends on the bikes price. If it’s 5000 bucks you’re paying a lot more of a percent than say if the bike was 20k. But 200 dollars shouldn’t be a make it or break it point
Another point for dealerships is they'll give you extras if you twist their arms. I have gotten a free helmet every time I've bought a bike from a dealer and a few times I got a jacket and gloves at no extra cost to me.
I was recently looking for a Honda ADV-150 just for a fun little around the town thing. Brand new price was $4,200 at dealer. I called 5 different dealers to find out the door pricing as they were all a couple hour drive from me. They ALL wanted between $6,200-$6,600 for it. That's 50% of the bikes value in fees and crap. Taxes/Doc/freight were about $800. Almost all the dealers were charging a $300 dealer fee and $900+ prep fee ON A SCOOTER. One dealer told me they only made about $300 overhead on these. Dude...you JUST told me that you are charging me $1,200 in DEALER fees. That's also not considering they are selling bike for MSRP and not the invoice price they paid for it. Complete rip off.
Due to pandemic and shortages.. used cars and bikes have jumped 40% or so.. this is the reason why used bikes cost more than MSRP. You either pay crazy used prices or wait 6+ months or more for a bike if you order it unless you can find floor stock.
Brilliant I would always buy from a dealer used or new but I would also sell my used bike privately if it’s going to help me financially as let’s face it I am always going to spend more on my upgrade. Yeah that cruise control and nicer dash is always going to get me over the line, worry is you get attached to your bike and want to keep and simply add to the fleet. Malcolm Australia
Private Sellers, make sure there aren't any stains or debris under the bike you're staging for photos (bike leaking fluids?); keep tools out of the shot (was something broken?); and dry off the bike if you just washed it (first wash since you've owned it?). Take quality pics with good lighting. I've seen numerous posts that look like the images were taken from a flip phone on a dimly lit street. Finally, tell viewers upfront if the bike's safety inspection and/or registration are current and if the title is clean, salvage or rebuilt and listed in YOUR name. Lots of folks doing title skipping, which is a major red flag and illegal in most states.
Were I live, the midwest, buyers make you ridiculous low offers and then go pay too much at a dealer. All the local dealers have a bunch of add on fees. One dealer charges extra if you don't finance it thru them. Pay cash pay extra. BS! Document fees? I used to be a car dealer. I can fill out my own papers in 5 minutes. More BS fees.
Definitely feel like a complete outlier here since the bike I'm in the process of buying is a new Honda Navi. Msrp is 1800 but all the used Facebook marketplace listing are 2400-2800. I feel I was lucky to talk to a guy at a dealership over an hour away and put in a deposit on one they got coming, with them charging 2480 after all their stupid fees and taxes
In Germany, it is law that if a dealer sells a motor vehicle (including bikes), they must offer an additional 12 month warranty too. Yup. So, what does that mean? They only sell fairly new used models. If you can find a used bike at a dealer and it is at a decent price, you definitely go with the dealer, in Germany. I paid 9,100 Euros for a 2020 CB1000R with just under 6k km, have a one year warranty AND the dealer did the yearly service before I got it. I think it was a pretty decent deal.
You start learning as a Kid, riding a bike then a little older a small Motorcycle the controls and service. No Showing off. I was racing Moto-X as a kid and teen on a larger off road bike...
The other thing to consider are manufacturer rebates. I bought my bike as new old stock, and got $1500 off the list price. Ended up being cheaper to buy brand new instead of used.
what I have always hated is expression of the sort: new one is $7500. No it's not, you are not walking into any dealership with $7500 and walking out with that brand new motorcycle. They will add dealer fees, registration fees, freight fees, tax etc. and you will end up paying close to $9K out the door. On the other hand, you go to a private seller with what it says on the listing and you pay the price listed... TLDR. MSRP doesn't mean that is what you are paying for the bike at the dealer, stop acting like it is.
I have a nice relationship with me dealership, I didn’t get a mark up when r7s were impossible to find. I was so exited to pick it up I forgot my helmet so I pulled out my debit card to buy an HJC and they gave it to me for free
The difference is a warranty! There are no refunds and the seller is not responsible for your problems a month later with private sellers 😏. If you have any issues you can always take it back to the dealership as it is covered for a time period. Or even get a refund if it is a lemon! Not to mention you can buy a warranty at the time of purchase. Not to mention private sellers hide issues. My Ducati did not have the original engine(was not disclosed) and MT-03 had front shock oil leak/bad seal(not disclosed). So I bought new this time.
I just bought a 2022 KTM Adventure R last Saturday. The dealership was charging for freight $1,700 and for prep fee of $1,600. Now I call that a rip off of the customers.
Dealer ships offer financing. I know you can get financing for a private seller but most folks will pay more to get it all in the same place. People pay for convenience.
That is what a dealership is there for...to rip off the customer. To be honest as someone who has been buying vehicles from dealers. Avoid them at all costs
Just bought a 22 Trident 660, MSRP was about $8300, with USB charger/quick shifter came to about $10.5k when all said & done. Just went in for 500 mile "break-in" service today which would have cost me another $350 had I not changed my own oil. Damn you Triumph, LoL! Cost me about $70 instead, and that was to clear the nag light and adjust my chain. I'm 3 weeks into ownership and still waiting to get my add ons installed, not sure if thats the dealerships fault though.
Dealerships here in Indiana are marked up on everything. They wanted $5,500 for a 2017 Honda rebel 300 with 3,400 miles and I got my 2012 Honda rebel 250 with 1600 miles for $2500. I'm sure I overpaid but this thing looks and rides like new
Ah, last time I went to a dealer, they tried to lowball my trade-in by $1000 on their $1000 over book bike with nearly another $1500 in taxes and fees.
NEVER pay setup or dealer prep fees when buying a new Harley. Harley Dealerships get 100% reimbursed for all setup or dealer prep fees by Corporate Harley Davidson. Don't let them charge you for something they are being paid for. It's listed as Disclaimer #6 on the Harley website. "Harley-Davidson reimburses dealers for performing manufacturer-specified pre-delivery inspection and setup tasks."
Idk bout motorcycles but with cars in Kentucky when buying used you pay taxes on the sale price listed on the title. On my f150 i paid taxes on like 300 dollars. Thats also the taxes i pay annually
I don't know how things are in the US, but when I bought a used bike in the UK I got a basic level warranty (6 months if I recall correctly), and for not much extra (and it was worth it) I paid n for an extra 1 yr (so 1.5 yrs total), this was on a 13 year old machine. Also they had to make certain it is road worthy before I collected it, so they gave it new breaks and new tyres (the existing ones were legal, but would not have lasted long... and yes tyres, they were purchased in the UK, and that is how you spell it here) - Full service (with book stamp) and an MOT certificate (which is required to ride your bike and certifies your bike is currently safe to ride and notifies you of things that will need attention in the near future, my bike had no warnings....this is an annual test)
@Zealadinn Nope, I went in to my dealership, said I was having electrical problems... it did take time for them to work out what was wrong over several visits as it was intermittent and just wasn't showing up when they had it, but replaced battery, stator and starter motor and even gave me a free loaner while they had it in for a long term test. (which wasn't something they had to do under the terms of the warranty)
Heck a new motorcycle on the floor.....add 2k to advertised price for out the door price at all the dealers around me.....for tax, dealer prep, document fees, registration......etc...etc....etc.....when I was shopping that's what I found...
Asking the question “Are motorcycle dealerships ripping you off”? Is like asking “Are politicians lying to you”? GMAFB. If you are buying used, take your time and buy from a private seller.
A bike that has less than 3000 miles is assumed to need new tires? It most likely doesn't. I bought a1981 Honda CM 400 in 2012 with 800 miles on the clock. The tires were the original ones 31 years old. I rode it several thousand miles before I got new ones. They were rotted too but didn't blow. Was that crazy? It was absolutely insane on my part. The point is.... a bike with 2000 or so miles that's that new probably doesn't need new tires.
Dealer's are always going to screw the buyer. Whether it's low-balling your trade, or changing the oil and squeezing the brakes to make sure your potential "new" ride stops when it should and then marking that up an additional 1k for the dealer "prep" b4 sale.............the end consumer is always going to pay a premium when buying at a Stealership. The only two things that dealers have going for them is the financing option for those of us that can't save up the amount needed to buy from a private seller and the warranty on a brand new model. But after a multitude of bikes and being fairly proficient in fixing mechanical issues on them, I'm never going to buy brand new ever again. Goes for bikes, boats, and cars/trucks.
I get spooked when I see low mileage bikes. Gaskets need fluids pumping to stay lubed and fresh. That bike that sat for 9 months may be fixing to need fork seals soon. 5k miles per year seems a good average for what I expect when I look at a bike. Remember that 2.6k? How old is the oil? That's needing changed once a year regardless of miles, etc.
Nothing ticks me off more than taxes paid on a vehicle that has already had the taxes paid on it. I have yet to see any politician explain why this is even legal. If I buy something brand new, I've paid (in Michigan) 0.06% tax on it right out of the gate. Why when I sell it, does the next person also pay taxes on it? Makes zero sense, and is a total sham.
Is feudalism but you can vote every 4 years haha nice!
That's why every vehicle you sell is $500, no matter how much money they give you.
@@Steve-Kratz wouldn't that be considered a tax fraud? I've heard the IRS is very hawkish on this stuff and always hunts the little guy with easy targets.
@@ijustfelldown idk, don’t talk about it and see. I think it’s pretty common practice
@@Steve-Kratz that doesn't work. The DMV goes by value not what you paid.
Imagine paying taxes on a used motorcycle that has already been subject to taxes before. Feels good to be Norwegian. Here if a bike is listed as $6000 then you pay $6000 and a re-registration fee that is like $50-$60 and that is it.
America
In Norway what percentage of your monthly paycheck do you take home?
@@ryanrogers8211 like half
@@ryanrogers8211 Depends on how much you earn. if you make $55,000 a year (average income in Norway) you take home about 75% of what you earn. You then spend that money however you want. Obviously there are taxes on profucts first time buying them, most things are taxed at 25%, but if you were to buy used then you don't pay any tax.
Sales tax depends on the state. Some states even charge excise tax if you're entitled enough to, I dunno, KEEP your vehicle. All because of greedy people with surnames like mine.
When I was shopping for a commuter bike back in 2007. I was looking at two 2006 Suzuki Katana 600’s. One was at a dealership with very low miles (it was new, it was just last year’s model). The other was a private seller with 900 miles on it. The dealer wanted over 8k. I bought the used one from a private seller for 4,200$.
That’s ridiculous, but you know they got someone for it that didn’t know much and didn’t shop around
Absolutely! I only buy from private parties. Worlds full of used bikes, and anything else for sale.
The sad part is in my area the private sellers are doing the same thing as dealerships. R3s from 2015 are going for 5k and 21 are going for 6k from dealerships.
Isn't that price difference in-line as it relates to the mileage between the two. 16k miles is a big difference.
Exactly. Not a very good comparison when one bike has literally 9 times the miles.
They call it a stealership for a reason
So, you're paying about $1000 more for the private seller bike that was listed for $1000 more than the dealership bike. And the private seller bike also has less than 3k miles while the dealership bike has almost 18k. How are we comparing these 2 against each other again as if it's apples to apples?
Technically the dealer bike was 3 years newer, but yeah, it's not exactly a fair comparison to say "the end price of A was less than the end price of B, when the starting prices were drastically different". I also noticed that while he mentioned dealers not doing service on used bikes, he didn't add the cost of DIYing it to the dealer bike.
Though I suppose it's probably hard to find two examples of the same model/year/mileage bike sold through a deal and private sale.
The mileage difference is enough to justify the higher price, and remember one of the channels sponsors is eurocycle so they aren’t going to crap on a motorcycle dealership while pocketing there money.
exactly
The private sale bike was also an ABS model so there's another +400 option.
It's like you guys didn't watch the video. One of the first points he made was not letting mileage be that big of a deal unless it was coming up on a major service. And yes, they're sponsored by a dealer, but they literally said dealerships practice scummy sales tactics, told people not to pay prep fees and service contracts, and ended the video by saying one isn't ALWAYS better than the other. The purpose of the video was to get people to think about the final price at the end of the sale, and to show that SOMETIMES buying from a dealer may be a better option. Not always, but sometimes. There's a lot of people out there who won't deal with any dealership, and understandably so, and those people are who I feel they made this video for. It was a pretty fair comparison when you took all the different factors into account.
Anyone that thinks they're not getting ripped off from a dealership is living in a dream world especially right now during this price Insanity Loop we are in LOL 😄
$1600 in freight, ocean freight, set-up, and random paperwork. That shit should be listed instead of sprung on you when you get to the desk. $4750 price tag, but $6350 by the time you sign.
In other words you can't undercut a dealer but you can undercut a private seller that doesn't have much experience haggling or is desperate to move the bike. That's really the difference here.
@@triot2127 got someone to let go of a brand new motto guzzi racer V7 for 5k$
@@sneekie3 almost always more or less 👍
Some dealerships are very good, some will rip you off if you give them a chance. From "dealership 1" I bought a used 2015 NC700x DCT (2 months ago) for just over $6k after all tax, tag, title, and any other "fees" that were added to it. The bike had 900 miles on it. I had to drive an extra 100 miles to get to that dealer. Then there was "dealership 2", which was a dealer close to me (under 5 miles) that had the same bike, same year, with 28k miles and they wanted $6800 plus tax, tag, title, and any other fees. (Note: I went to dealership 2 first).
Most of the private sellers I saw on the same bike was right at $6k but with 15k or more miles. My bargaining chip against the dealership 1 was the fact they had that bike for 5 months and not getting much interest in it. They had it advertised for $6800 plus tax, tag, title, and any other fees. I told them if they wont sell it to me for $6k out the door, I will buy it from a private dealer where I will pay no more than $500 with tax, tag, and title. Dealership 2 I gave the same offer, but they said the lowest they could go was $6k plus tax, tag, title even if I paid in cash. One dealership wanted my business so I would go back to them, buy parts or services from. As it is, I drive out of my way to go to that dealership who was willing to give me the deal on my bike I was looking for. If the dealership closer to me would of worked the same deal, I most likely would be going to them to buy any parts or services from.
Where dealers really start to get over on people is when they have to finance the bike. No private seller, unless you are GREAT friends with them, will take payments. So when the dealer knows you have to have financing to buy the bike they want, they know you can not get it cheaper. Tell the dealership when you are negotiating a price that you are looking for more than just the bike, you are looking for a place to buy your parts or services from. Most dealerships make more off of parts and services than they do selling motorcycles (if they are a good dealership).
UK VIEWERS READ THIS.
As a salesperson at a (almost exclusively pre-owned) motorcycle dealership in Brighton, I can say wholeheartedly that the dealership you chose for that Vulcan was/is not how most used dealers work, at least here in the UK.
We deal in used bikes all day every day, and every bike will be professionally valeted, serviced (if more than 1k miles or 6mo since last service), including valve clearence services when needed, with a full PDI check over, and a minimum 3mo warranty applied, with ANY work done to it to make it mechanically sound, including tyres, pads etc. Every bike. Every time.
You've described a dealer that clearly doesn't care about its customers or stock.
As much as I appreciate your own experience here, all those fees you've paid on your VFR are pretty ridiculous over here too. All the work we do on our bikes is covered in our list price. We charge your road tax, we charge your delivery if applicable, and we charge an admin fee where applicable. That's it.
If you're in the UK I absolutely suggest talking to your dealer and ask them what you get for your money over a private sale. Any salesperson worth their salt will be honest and tell you. I'll even tell you what commission I get paid!
@@louielewis5209 I absolutely agree, and it's something that I've been trying to change at our dealer, but the reality is that most dealers do charge an admin fee. Ours is £99 flat across any bike, but some dealers charge in excess of £250 and hide it behind what looks to be a really cheap list price.
Any dealer that's honest will tell you what the admin fee costs and won't try and hide it, and often you can haggle it out anyway.
Past that, there's never any "hidden" fees. We don't charge tax on a used bike as this video suggests, and new bikes are subject to their First Reg Fee which is instated by the DVLA at a flat rate of £55; something we can't get around.
I just quit my job as a powersports salesman, I’ve been in the industry for years and I’m considering making videos to call dealerships out on all the bs that I feel so bad most customers don’t know about
Crazy how different your buying experience is over there. In the UK, if you buy from a dealer, they will put a fresh MOT (roadworthy test basically) and a service if it’s anywhere near due.
A Harley Davidson dealer sold me a used bike with a battery that I later discovered to be five years old. Buy new, have cash, don’t accept their first offer.
It's ridiculous to add a trade in into the price of the dealership and not take into account of the amount of selling the trade in bike privately, then discounting that amount from the privately bought motorcycle in the same way the trade in value was discounted from the dealer price. What I'm saying is, sell that trade in bike privately (most likely for more money) then discount that from the privately bought bike and the privately bough bike is far less than the dealer or just minus the trade in from the dealer price so you are comparing apples to apples and you will probably see the private price is lower.
Keep in mind, this channel is in part sponsored by a dealership, Eurocycles... I'd expect, in the channels own interest, to favor dealerships in this comparison.
@@firefighter1c57 Yeah, lost alot of faith in Yam here with the clear pro-dealership bias. Wasn't expecting them to shit on dealerships but there's a bent here that's hard to ignore.
It was total nonsense
Working at a dealership, we actually go through and do all needed maintenance when buying used motorcycles before they’re ready to be sold again. The expenses are taken out of the sales departments profits but having a good reputation and quality bikes has been a priority over profits for years.
Much rather buy from a dealership. First and foremost, spending twice the money for a new bike is always worth it compared to something that might have a hidden issue.
I found dealers sellingbikes with gear levers that aren't screwed on tightly enough. What do you think is the best way to find out what work has been done on a bike given that I wouldn't trust the answer if asked outright. @Jake Burns
The dealership I buy from does the same but itemizes the charge on the tag. It's best practice really.
Sounds good in theory, in the long run you have trust from your customers and that is great. But how do you do so much maintenance as a dealer? For clients motorcycles and for every motorcycle in the dealership?
Wouldnt it be dangerous to lose money over a bike with a full service? Every motorcycle in the dealer has the potential to stand still and cost them money for months if not sold fast.
i am curious to what level your dealer maintains their motorcycles. For example: Do you start and ride all these motorcycles once in a while? One of many good reasons for that could be: riding the motorcycle every 2 weeks prevents deforming the rubber. The tires shouldnt rest on one spot for multiple months. Tires will change their shape if the bike isnt moved for a long time and that could mean clients have to change tires sooner.
It is just an example of what a motorcycle needs to really be in great riding condition.
The only thing i want to point out by giving this example is that it seems like a LOT of work to really care for all your motorcycles in the dealer and run a business at the same time.
But im interested to what level your dealership takes the maintenance of all their motorcycles. And how they do it
Do they change tires?
@@laggy231 Dealerships make almost nothing on the actual vehicles especially new ones. They don't actually even own them it's more credit that they owe to the manufacturer. Goes for cars as well all the extras including maintenance, extended warranties,parts .
Firstly, I have to disagree about mileage not mattering. Every mile you put on you are one mile closer to needing that big service, your dealership bike in this case has seven times the mileage of the private bike. These two bikes are not an Apples to Apples comparison in my opinion. And it undermines your whole premise. As much as I love most of your content, I imagine that your channel gets some kickback from whatever dealerships you deal with and I think that should be disclosed. But I do agree that buying from a dealership is good in terms of them being a business who is interested in keeping their customers content, as you pointed out.
quick tip for buying used bikes, tires are the last thing you should check because you just replace them unlike engine parts and other parts costs a lot for quality parts
Agreed. I walked into a dealer the other day to upgrade helmets….we walked out with a used CB500X with 4600 miles. Less than 4K. Taxes and license / registration all handled be the dealer. Easy Peasy Lemon Squeezy.
@whiteAfrikkkanNun im not him but you arent as clever as you think you are
Before even watching the video. Yes Yammi. Yes they are. Better known as stealerships than dealerships.
I like buying from dealer. Sure may be a bit more money but everything is done right there and then. Like plates and registration ect.
Back when I started riding (about 6 years ago) I got a used Vulcan S with 17 miles on the clock, only 1 year old. Bought it for 5.5k, put about 10k miles on it, sold it for 5k the year after. Awesome way to get into the riding scene.
The dude selling that Vulcan while watching this video "hey WTF"
hey guys, bought a 1999 kawasaski concourse 1000 2 years ago,$2300 can,from a local dealer in nova scotia,they rebuilt the front calipers and i did a oil change and new front tire, riding trouble free since then,great used bike!
I went into a dealership for a possible trade and after walking around while they inspected my motorcycle, I noticed on their price tags of additional 200 dollar charge just to fill out the paper work.
Sounds like bullsht on they're end, I'd tell em to piss off on that $200 or no sale lol.
I really with they would just include everything in the cost of the motorcycle pricd, before taxes. Like everything else we buy. Not have some random number that you don't actually end up paying. Like don't think it makes sense to compare these used prices to msrp of a new when the new also included a bunch of other fees the used bikes will not. If everything were already included would be much easier to compare.
Yep. Destination Charge. Freight surcharge. That's funny, I don't see that on literally anything else I buy. Just put the price on the tag. I'd argue that you're losing customers over the fact that they know it's the "price" + unknown charges.
A lot of dealers in my area (not all) do include all the extra charges on their advertised prices. Only thing not in there is the tax, but that's an easy enough calculation to do.
@@Gofr5 yeah I ended up buying from a dealer that did that. In stores / email anyway. Tax was weird though. I thought would just be on the bike but all the fees were included in taxes too it seemed like.
Walk away. Don’t buy the bike and find an honest dealer or wait for the new bike to show up used somewhere
I just bought a 95 Electaglide ultra classic that’s in excellent condition for 3900 from a dealer in WI. So it was a great deal!
good breakdown. I appreciate you taking the time to do this.
These motors are super reliable. I'd go dealer with 18,000 miles. Got mine in 2020 and already got 15,000.
agree 100% on the protections for buying from a dealer... test rode a 2006 Ninja 500 at a dealer... ran fine on their little dead end road they were on... doing pulls... idled great... started fine cold... something was up with the carbs though... when you really got some heat in it and tried to cruise for a while it wouldn't idle... wouldnt start unless choked then you couldn't give it any throttle (had to "idle" (choke fast idle) back to the dealer about 2 miles... TWICE)... so i discovered this when i paid and left to head home 2 hours... i walked in told the guy i wasn't taking it home and ended up leaving with a different bike (listed at about $400 more than the Ninja) for the same price and I was happy...
Definitely a good review. Basically, do your homework. I ended up with a private seller simply because the dealership couldn't come up with what I was looking for, 1200 Sporty, but they did have a shiny new one [if I sold both my kids, a kidney and my left nut - Thanks Harley]. Definitely an as-is proposition for the used bike ('05). Bike is generally good except for the front lights where some hot-rodder installed some LED lights and butchered the wiring harness. Winter project .... Long and short, I still came out ahead. On the flip side, I bought my slightly used van from a dealer because it was way better deal than private. Not cheap, just better.
That's your fault for buy a overweight underpowered scooter.
I disagree. Mileage matters a lot if you plan to keep the bike for a while and in this specific case a 2017 with 2500 miles is worth the extra 1000$ IMO. Now if the private seller bike was older than 2017 like maybe 2014 or older then I’d prob go for the higher mileage 2020 model because after 7 or 8 years things start to deteriorate especially when not being ridden and you can bet you’re gonna have to buy tires or risk riding on the old oems and change all fluids.
Obviously the mileage is the main reason for that price difference. I agree there is no need to worry about the reliability of the higher mileage bike, but I definitely not going to pay the same price for that bike. The mileage would be more important to me than the year in this case, because neither is very old.
@@devonnobles1083 exactly
He kind of explains it. I agree the mileage difference is significant but you are talking about a bike that is being used vs one that sits. At 17k more miles he had to put new rubbers on it. Motion is lotion for a lot of your seals and hoses. I try to avoid super low miles for that reason
@@tannerross-barco8238 age is as important as miles as I explained. A 2017 is not old enough to have any rot yet and would be the better buy here.
The private sale bike was also an ABS model while the dealer bike was not.
Nice thumbnail, the Vulcan S is a damn good looking cruiser.
I know the Vulcan Classic and such are bigger but I would like to see the Vulcan S styling’s with a 1000cc engine.
I would pre-order today.
I bought my Sportster from a private seller, while dealers where $1500 more, and 3x miles+...I NEVER trust a used car/motorcycle dealership anyway, EVER. I have worked for too many of them to see the crap they pull.
In Texas, if you have a bill of sale showing you paid lower than the SPV, they will tax you on that. I just paid taxes on a Street Triple last year that I bought for $5500 and the SPV was about $1200 more, I just showed the tax assessor the bill of sale and no questions asked. This is in Houston (Harris County).
Many states don't charge sales tax on private sales; so that's a huge reason to buy private instead of from the dealer.
I just purchased an 2018 XSR 700 from a private seller. Garage kept 870 miles on the clock. full Leo Vince exhaust. 6k. Everyone else in my neck of the woods is selling for 7k to 9+. I think I did ok
Hi Guys I bought a 765 3 Years old from a Dealer. Payed full price MSRP went to pick it up on Saturday radiator went pop. £540 from Triumph, Got the bike home oil leak. Took it back picked it up 4 days later fixed all sorted. I could have bought the same bike with a 1000 miles less for the same money private. The after sales is what it`s all about. If you are buying a bike for a £1000 buy it. A new or newer bike spend that little more and get the after sales.
Contract presented to me at a local Harley dealership on a slightly used 2020 Harley Heritage that as absolutely beautiful. Not a mark on it and only 4,266 miles on it. Price: $20,497.00. Discounted $1,000.00 down to $19.497. Then they added $997.51 "UVC" charge=Used vehicle Conditioning. This cost is attached to every used bike they sell they told me. What could they possibly do to this bike with this many miles on it and in the new condition it was in that cost them a thousand dollars? Then a $599.00 Dock fee. $1,660.06 Tax. $263.28 Non-tax fee. $499.00 for new batteries for life. Out the door $23,516.64. I smelled a lot of excess fat on this deal and didn't go for it even though I loved the bike. Urgency never found a bargain. At 78 I'm way beyond the impulse buying stage of my life. I want this. I don't NEED it. Did I miss a great deal?
I’m so glad this video was made, I just bought my gear and the biggest stressor was buying private Vs buying from a dealership that’s HOLY SCHMOLY, some of these prices that people sell those 3-4 year old bikes at are worse prices than what the dealer has set!
But those people don't sell those 3-4 year old bikes for those prices. They end up dyeing before selling.
All of the business geniuses posting here should pool their money and open a string of non-profit motorcycle dealerships
exactly... you either want the dealer networks to exist or not and everybody complains about supply chain and lack of inventory LOL---- uh..... I bought my current general use bike at a good dealer and got it at a totally fair price OTD.
granted... some dealers really are crap but that's why you know your own stuff before buying.
There are also a lot of scummy private sellers out there too that rip people off all the time.
@@triot2127 Do your homework and you wont get ripped off.....
Seriously man...I don't understand how Honda only dealers survive on their slim margins. These manufacturers tell you exactly what they charge for freight for each model on their websites. I don't charge a dime over and people think I'm ripping them off....nope just trying to survive
When I was bike shopping, I noticed most used bikes were almost the same as a brand new one, (I was looking at bikes 5k-10k)
So I bought a brand new one, figuring at least I knew no one abused it or damaged it in any way, I'm happy I did, I love my bike!!
What I find interesting is that when I was looking for my bike, I ultimately decided to stop bothering with looking in Texas because the dealerships down there ALL have ridiculous prices on bikes. I saw a 2 year old Z400 with 7k miles on it listed for almost 7 grand! That's almost 2 grand over MSRP for a brand new one, lol. Every single bike I found at a dealership in TX was like that. Maybe not to that extreme, but they were all listed over new MSRP for used bikes.
Same deal throughout New Mexico
Yeah but good luck walking out of the dealer paying MSRP alone. You have dealer fees like freight and packaging, etc. That's assuming you don't have to be put on a wait list during this supply crisis. Maybe the fed rate hikes will lower demand? Or maybe civilization collapses before that will happen? Who knows lol
The new bikes are also over MSRP in Texas. However, it is like this all across the USA. This affects automobiles too.
used bike prices are crazy
@@StrawDragon Yep Cali is going nuts for R3s rn. 5/6k for used bikes.
Depends what bike it is.....U can get bargains with mechanical service and road worthy and new tires from shop.....pay lil extra.....private as is where is
I bought a service contract that coverd the usual stuff like oil/brake fulid/coolant changes, but also a valve adjustment on a 2011 Triumph Sprint 1050 GT. One oil change and a valve adjustment and I was already $200 ahead.
Registration (change of ownership) for road tax purposes is free in the UK, but you do pay road tax for all vehicles, my 2015 BMW 220D is £20 per year but for my ninja 650 is £135, road tax here is calculated on the vehicle’s emissions and efficiency. Electric, hybrid or very efficient vehicles are exempt from tax.
Private sale was 1k more base price, how are you comparing the end price? You should be comparing % increase from base price to the end price.
You should discount the service you'll do after as it has no relation to the choice of private seller or dealership and is done either way you go.
This is the actual conclusion for this scenario.
Private: +$471 (+7.85%)
Dealer: +$613.75 (+12.5%)
But in reality the conclusion is much easier:
Whatever fees you pay in a private sale are dictated by the government and you will pay them whether you buy private or from a dealer, dealerships on the other hand have fees that you won't need to pay in a private sale, so for an identical bike with an identical price you'll pay more at a dealership.
Spite I only have to say one thing, the 2600 mile bike won’t need tires unless they are rotted. Maybe an oil change at 3000 miles.
Spite!!! Thank you for letting me/us know that Rokform released a vibration dampener!!! Just finished checking out to get mine for my V1 Handlebar mount!
Only buy new from dealers. Used? Private seller. No in between.
I work at a Honda dealership in Vancouver, BC and we always replace all the fluids on any used bike we bring in. We also replace the tires if they're more than 5 years old or have uneven wear. Clearly the dealerships there don't stand behind their products like they should...
Yes, look at the array of motivations wherewith motorcycles are sold and let that be your overlay when reading ads. This will tell you a lot and might lead you to an exploration of the question, How do people lie? Also, when you make your purchase, right before you leave ask if there is one last piece of advise. Then, react to the advise very soon or consistantly. This is ego-bruising but a good tactic in happy riding.
In California it is NEVER cheaper at a dealer. They NEVER give up their “fees for BS”. It’s pure profit. They will tell you to your face. “We have to make money to keep the doors open.” My last 2 used bikes were $2000 cheaper on the street than at dealers with similar bikes. Maybe Texas is wonderland.
Yeah, I bought my bike from a private sale last August. I got a really good deal on it, but little did I know at the time, the major service was due in 1k.
So that was an additional 800 bucks.
should have learn how to do regular maintenance. Save you big bucks in long-term
@@jon6285626 I'm good with oil and brake fluid, etc. But things like valve adjustment, I'll leave to the pros.
But you're right though.
This was very, good advice. I usually don't see eye to eye with Spite because IMHO he goes off a bit half baked and bias. BUT he is getting better as time goes by. And in this one he is absolutely right on. Very good stuff. Maybe use that prep fee to force them to do an oil and fluid change.
This video was absolute nonsense. What are you talking about. He’s comparing vastly different bikes. They should have done an honest review of scumbag dealers charging ridiculous fees.
This is exacly what I wanted. Help me Silky Hair Spite, You're my only hope. I had a private seller selling his 2020 CBR650r for $8900, whereas the dealer was quoting around $13000 for a brand new one. That's without the insurance. I don't know what sort of additional charges they are adding to the list price that causing the price to jump up by almost $2500.
Just out of curiosity when was this? I'm currently looking at a 2020 cbr650r with 900 miles on it for 9600. Thats basically msrp but given how dry the market is right now I keep going back and forth on if its a good deal or not.
That's insane! That's well over MSRP for a brand new '22 one!
@@Gideon_Judges6 No that is the msrp for 2022.
@@michaeldaniels4033 are you sure you're not thinking the CBR600RR? The 650R is cheaper. MSRP is $9800.
@@Gideon_Judges6 My bad, I thought you was replying to my first comment with your first comment. Didn't realize you was replying to Praneet.
I put a (refundable, because I've never seen one in real life) deposit down on a Honda NC750x DCT last month, still waiting for one to arrive at the dealership. MSRP is $9299. Out the door price is over $11,800. I was told every month the shipping fee goes up by another $100. The only used one I found locally was sold the day before I called.
the absolute state of the supply chain right now is a joke. good luck man
Woah, that's quite a price for the NC. I hope you enjoy it and that it arrives soon.
The supply chain is tight and demand is high, but to keep tacking on for the freight is just foul. Honda's website will tell you exactly what they charge the dealer in freight for each bike.
The answer to that is yes, well at least in SA they are definitely. Asking prices a couple thousand off from a brand new model when they are 4-5 years older with 20k kilometres or more...
Funny story: TX DMV demanded a dealer certified assessment which actually came in lower than the price I paid in a private sale. This was for determining the amount of taxes I would pay. Since no good can come from arguing with and pissing off DMV employees I simply agreed to pay taxes on the higher value (what I paid). Woman later admitted that her husband owned exact same make/model bike. I think she felt bike was really worth a lot more and asking for assessment was her prerogative. I think she was surprised that assessed value was actually $500 less than I admitted to paying. Anyway, I got the title.
Spite, this is an excellent video. Bravo, sir
I've found seeking out dealers nationwide on cycletrader to be a good strategy when looking for bikes, new ones especially. The high volume dealers have substantial discounts.
I recently purchased a Z900RS Cafe this way and the OTD price + shipping was $11,500. The MSRP for the bike is $12,200 + taxes/fees, close to $14,000...so ended up saving $2,500k+
Only downside is the cheopo shipping I used takes 3-5 weeks
How do I find a dealership like that?
Yeah, I would have LOVED to find that kind of deal on the Z400 I just bought. I had to drive 200 miles one way to pick it up and still ended up paying over MSRP. But I suppose that's as much because of the bike I bought, since there were like 10 new Z400s in the entire country, lol
@@silkmonkey I filtered the search for nationwide, make, model, trim and then sorted by price. The one I found was Southeast Motorsports in Milwaukee...flew out there for 200 roundtrip, signed the papers and out.
The volume sellers have discounts periodically given to them by the manufacturer. I asked the sales manager and he said exactly that. They're the 6th largest volume seller in the US for Kawasaki.
Good luck!
@@FlesHBoX I think they had 200 off on the Z400, wouldn't be worth it
Yeah man, originally wanted the xsr 900, only found 3 dealers nationwide having actual stock smh
Completely discounts that the private party has 1/8 the miles.
He did not discount it. He addressed it. 17k is more than 2.5k, but it's not alot. He also made the point that the older bike with 2.5k sat around alot...while the other bike was running more...
@@seriousandy6656 which is completely wrong. 17k is a lot of riding. Being ridden occasionally for a few years is no problem at all. This isn’t some bike that sat full of gas since 1970.
@@Tom-wp9ix yup, I've seen bikes that were 5-6 years old and only had 6 thousand miles on them. 17k miles means it did a lot of riding and no telling how many times that owner tromped on the throttle, rode the clutch etc. Me personally, I'd never buy a bike from a stranger that had over 3 thousand miles ..don't trust them/it
Thanks Spite for this awesome video. This will be helpful in the coming weeks.
Best way to buy something is getting pre-approved. Walk in with a check from the bank of choice. Tell the dealer I want the bike for this price out the door. Most of the time they’ll go for it. Bought several vehicles and bikes like this. Never spent more than an hour inside the dealer.
This is heavily dependent on the bike. I just bought a '22 Z400 and of the roughly 10 available in the country, not a single one would budge on the price. I picked probably the worst time to get a new bike, lol.
@@FlesHBoX true and also the stealership you go to. That’s how I feel about my current truck. Worst time to buy one for sure lmao
Would abt 200 over msrp be a good out the door price?
@@jq3822 depends on the bikes price. If it’s 5000 bucks you’re paying a lot more of a percent than say if the bike was 20k. But 200 dollars shouldn’t be a make it or break it point
Another point for dealerships is they'll give you extras if you twist their arms. I have gotten a free helmet every time I've bought a bike from a dealer and a few times I got a jacket and gloves at no extra cost to me.
I was recently looking for a Honda ADV-150 just for a fun little around the town thing. Brand new price was $4,200 at dealer. I called 5 different dealers to find out the door pricing as they were all a couple hour drive from me. They ALL wanted between $6,200-$6,600 for it. That's 50% of the bikes value in fees and crap. Taxes/Doc/freight were about $800. Almost all the dealers were charging a $300 dealer fee and $900+ prep fee ON A SCOOTER. One dealer told me they only made about $300 overhead on these. Dude...you JUST told me that you are charging me $1,200 in DEALER fees. That's also not considering they are selling bike for MSRP and not the invoice price they paid for it. Complete rip off.
Also with the dealership you should test ride every single bike before you buy one. It's the best part of working with the dealership.
This is exactly what I was looking for, thanks guys.
It’s Standard Presumptive Value. In Texas, You pay tax on 80% SPV.
Due to pandemic and shortages.. used cars and bikes have jumped 40% or so.. this is the reason why used bikes cost more than MSRP. You either pay crazy used prices or wait 6+ months or more for a bike if you order it unless you can find floor stock.
Brilliant I would always buy from a dealer used or new but I would also sell my used bike privately if it’s going to help me financially as let’s face it I am always going to spend more on my upgrade. Yeah that cruise control and nicer dash is always going to get me over the line, worry is you get attached to your bike and want to keep and simply add to the fleet. Malcolm Australia
Yes because I see a lot of bikes 3/6 years old with 3/10000miles on it at dealerships priced 200 less than the brand new ones
thanks spite, it's nice to see someone break it down.
Private Sellers, make sure there aren't any stains or debris under the bike you're staging for photos (bike leaking fluids?); keep tools out of the shot (was something broken?); and dry off the bike if you just washed it (first wash since you've owned it?). Take quality pics with good lighting. I've seen numerous posts that look like the images were taken from a flip phone on a dimly lit street. Finally, tell viewers upfront if the bike's safety inspection and/or registration are current and if the title is clean, salvage or rebuilt and listed in YOUR name. Lots of folks doing title skipping, which is a major red flag and illegal in most states.
Were I live, the midwest, buyers make you ridiculous low offers and then go pay too much at a dealer. All the local dealers have a bunch of add on fees. One dealer charges extra if you don't finance it thru them. Pay cash pay extra. BS! Document fees? I used to be a car dealer. I can fill out my own papers in 5 minutes. More BS fees.
Definitely feel like a complete outlier here since the bike I'm in the process of buying is a new Honda Navi. Msrp is 1800 but all the used Facebook marketplace listing are 2400-2800. I feel I was lucky to talk to a guy at a dealership over an hour away and put in a deposit on one they got coming, with them charging 2480 after all their stupid fees and taxes
I picked up a 05 twin cam softail with 18k miles .absolutely loaded with tons of harley upgrades well over 2500....got bike for 3500.00 ...
In Germany, it is law that if a dealer sells a motor vehicle (including bikes), they must offer an additional 12 month warranty too. Yup. So, what does that mean? They only sell fairly new used models. If you can find a used bike at a dealer and it is at a decent price, you definitely go with the dealer, in Germany. I paid 9,100 Euros for a 2020 CB1000R with just under 6k km, have a one year warranty AND the dealer did the yearly service before I got it. I think it was a pretty decent deal.
You start learning as a Kid, riding a bike then a little older a small Motorcycle the controls and service. No Showing off. I was racing Moto-X as a kid and teen on a larger off road bike...
The other thing to consider are manufacturer rebates. I bought my bike as new old stock, and got $1500 off the list price. Ended up being cheaper to buy brand new instead of used.
The private sale bike has 15,000 less miles. At 2600 mile you won't need new brakes. Tires might be fine too.
what I have always hated is expression of the sort: new one is $7500. No it's not, you are not walking into any dealership with $7500 and walking out with that brand new motorcycle. They will add dealer fees, registration fees, freight fees, tax etc. and you will end up paying close to $9K out the door. On the other hand, you go to a private seller with what it says on the listing and you pay the price listed...
TLDR. MSRP doesn't mean that is what you are paying for the bike at the dealer, stop acting like it is.
I have a nice relationship with me dealership, I didn’t get a mark up when r7s were impossible to find. I was so exited to pick it up I forgot my helmet so I pulled out my debit card to buy an HJC and they gave it to me for free
The difference is a warranty! There are no refunds and the seller is not responsible for your problems a month later with private sellers 😏. If you have any issues you can always take it back to the dealership as it is covered for a time period. Or even get a refund if it is a lemon! Not to mention you can buy a warranty at the time of purchase. Not to mention private sellers hide issues. My Ducati did not have the original engine(was not disclosed) and MT-03 had front shock oil leak/bad seal(not disclosed). So I bought new this time.
I just bought a 2022 KTM Adventure R last Saturday. The dealership was charging for freight $1,700 and for prep fee of $1,600. Now I call that a rip off of the customers.
lolz who did you go through O.O ? I'll be sure to steer clear of that lot lol.
Dealer ships offer financing. I know you can get financing for a private seller but most folks will pay more to get it all in the same place. People pay for convenience.
That is what a dealership is there for...to rip off the customer. To be honest as someone who has been buying vehicles from dealers. Avoid them at all costs
I'd say buy used to save money but look for a good deal. I just bought a used 2017 Kawsaki Vulcan S for $5,000 with about 6k miles on it for my dad.
Who pays taxes on a private sale?
Just bought a 22 Trident 660, MSRP was about $8300, with USB charger/quick shifter came to about $10.5k when all said & done. Just went in for 500 mile "break-in" service today which would have cost me another $350 had I not changed my own oil. Damn you Triumph, LoL! Cost me about $70 instead, and that was to clear the nag light and adjust my chain. I'm 3 weeks into ownership and still waiting to get my add ons installed, not sure if thats the dealerships fault though.
Dealerships here in Indiana are marked up on everything. They wanted $5,500 for a 2017 Honda rebel 300 with 3,400 miles and I got my 2012 Honda rebel 250 with 1600 miles for $2500. I'm sure I overpaid but this thing looks and rides like new
Ah, last time I went to a dealer, they tried to lowball my trade-in by $1000 on their $1000 over book bike with nearly another $1500 in taxes and fees.
NEVER pay setup or dealer prep fees when buying a new Harley. Harley Dealerships get 100% reimbursed for all setup or dealer prep fees by Corporate Harley Davidson. Don't let them charge you for something they are being paid for. It's listed as Disclaimer #6 on the Harley website. "Harley-Davidson reimburses dealers for performing manufacturer-specified pre-delivery inspection and setup tasks."
Idk bout motorcycles but with cars in Kentucky when buying used you pay taxes on the sale price listed on the title. On my f150 i paid taxes on like 300 dollars. Thats also the taxes i pay annually
I don't know how things are in the US, but when I bought a used bike in the UK I got a basic level warranty (6 months if I recall correctly), and for not much extra (and it was worth it) I paid n for an extra 1 yr (so 1.5 yrs total), this was on a 13 year old machine. Also they had to make certain it is road worthy before I collected it, so they gave it new breaks and new tyres (the existing ones were legal, but would not have lasted long... and yes tyres, they were purchased in the UK, and that is how you spell it here) - Full service (with book stamp) and an MOT certificate (which is required to ride your bike and certifies your bike is currently safe to ride and notifies you of things that will need attention in the near future, my bike had no warnings....this is an annual test)
@Zealadinn Nope, I went in to my dealership, said I was having electrical problems... it did take time for them to work out what was wrong over several visits as it was intermittent and just wasn't showing up when they had it, but replaced battery, stator and starter motor and even gave me a free loaner while they had it in for a long term test. (which wasn't something they had to do under the terms of the warranty)
Heck a new motorcycle on the floor.....add 2k to advertised price for out the door price at all the dealers around me.....for tax, dealer prep, document fees, registration......etc...etc....etc.....when I was shopping that's what I found...
I totally lucked out got my 2017 kawasaki vulcan s with extended warranty,62km on odometer in 2018 and saved $4500 off the sticker price
Asking the question “Are motorcycle dealerships ripping you off”? Is like asking “Are politicians lying to you”? GMAFB. If you are buying used, take your time and buy from a private seller.
A bike that has less than 3000 miles is assumed to need new tires? It most likely doesn't. I bought a1981 Honda CM 400 in 2012 with 800 miles on the clock. The tires were the original ones 31 years old. I rode it several thousand miles before I got new ones. They were rotted too but didn't blow. Was that crazy? It was absolutely insane on my part. The point is.... a bike with 2000 or so miles that's that new probably doesn't need new tires.
Dealer's are always going to screw the buyer. Whether it's low-balling your trade, or changing the oil and squeezing the brakes to make sure your potential "new" ride stops when it should and then marking that up an additional 1k for the dealer "prep" b4 sale.............the end consumer is always going to pay a premium when buying at a Stealership. The only two things that dealers have going for them is the financing option for those of us that can't save up the amount needed to buy from a private seller and the warranty on a brand new model. But after a multitude of bikes and being fairly proficient in fixing mechanical issues on them, I'm never going to buy brand new ever again. Goes for bikes, boats, and cars/trucks.
I get spooked when I see low mileage bikes. Gaskets need fluids pumping to stay lubed and fresh. That bike that sat for 9 months may be fixing to need fork seals soon. 5k miles per year seems a good average for what I expect when I look at a bike. Remember that 2.6k? How old is the oil? That's needing changed once a year regardless of miles, etc.
@@pleasedontwatchthese9593 nah. My last bikes were new, and when I buy, I buy from actual riders.
In Ohio you can sell/buy a vehicle for $1. Most people only do this when they are actually giving a vehicle to someone, like parent to child.
Now talk about the "reconditioning fee" from HD dealerships. $995 + $500 doc fee at Thunder Mountain HD last year.