I love looking for bikes in the winter. I found a guy who needed the money in January. Got an 07 FZ1 24k miles for only $2500. The only thing it needed was fluid changes, and tires.
Has this ever happened to you? You find the exact bike you're looking for with low milages for way under market value...but's its 1000 frickin' miles away. If it was within a 120 mile range you'd be rushing over to buy it without a second thought. Seems like the one's I want are never close by.
Yup, if you are in a more populated area, the supply / demand thing gets tilted .buying stuff in the off season, or right after new years day( when people aren't riding & need $) is a good tactic
Sounds like we need to open a page for people who live on the east coast and find a deal on the west to be able to alert someone who can take advantage of it. And vice versa. We need to work together haha
Dealers have the insider info of how much banks will loan on it. Take it to a dealer or two and say you want to trade it in on a new one. Take those offers, average them and add 15%. Or at least $800.
It's only worth what someone is willing to pay. Owners who are emotionally attached tend to believe their bike is worth more than they actually are. Great video.
Twin-Cam Harley owners in Orange County, CA: * Buy new for $15K. * Ride 15K miles, drop once, ride another 15K. * List 30,000 mile used bike for $15K... "It's a classic!"
When i buy the bike ( bought and sold four during my life so far ) i always set my mind as : " you just thrown your money in a black hole , forget about that and do not expect ever ! to get some back . Right away , put aside some emergency fund - if bike is stolen today , you`ll get another, cheap one , tomorrow ". Helps a lot !
A lot of people miss this point. It is a key component of capitalism. The value of anything is what someone is willing to pay. There is no intrinsic monetary value beyond that. A Vincent is just an old outdated motorcycle unless there are enough people who very much want it and are willing to compete for it. This is the core fallacy of "investing" in collectable items. As generations die off the market for items they found valuable declines.
It's surprising how much it varies per machine. Goldwings are almost lying on the side of the road, if you look for a 20 year old one they're like $1000 even though they're very expensive machines. Popular machines that are known to run for 200,000 miles without a problem, like the VStrom, even a 5 year old bike with 30,000 miles on it is still going for almost new prices (at least around me)
Dual sports of almost any size below $2000 in my area are rare even for like, DR200s, let alone more desirable machines like the DRZ400. Part of why I bought a newer CRF250L - it was really not much more expensive to get a 2017 than a 1992, for some big Quality of Life improvements
If you have a bike with 10 year old tires, your bike needs new tires -- even if they look new (with tire whiskers) and only have 500 miles on them. The layers of rubber get brittle, like old rubber bands that just break when you stretch them.
@@BuddhaRice it "should" be ok since the sun has not been shining on the rubber and drying it out. That's like my motorcycle tires, I bought my 2012 Yamaha Raider S in 2018, so when I got it the tires where already 6yrs old but it was in a dealership and only had 1 mile on it so I figured they should be still good. 5K miles and 1yr later they still seem good.
@@RossMalagarie I bought an 05 sv650 at the end of last year. First bike. Treads looked fine but the tyres were original when I checked the dates got some new pilot road 5s and the difference was insane. So much better!
@@Jisei13 you bought a bike with tires made in 2005 and you got on it in 2018? So 13yr old tires? And how many miles did it have on it? I doubt it was zero but that doesn't matter, the tire manufacturers say after 6yrs tires should be replaced because of sunlight making the rubber brittle but after 8-10 yrs yeah definitely should be changed.
How much should i sell my 2015 Fz8, 3k miles, never dropped, no scratches at all. Brand new condition. First and original owner. Bike is fully paidoff and clean blue title is in hand.
Your bike is only worth what someone else is willing to pay for it. One of my bikes is a 1999 Yamaha Vmax in good condition, but it only blue books just over $2K. There is no way that I could ever replace my Vmax for $2K, nor would I ever sale my Vmax for that low of a price. Blue book values are 100% subjective.
We did the first update, which is linked below. It's a long-long-long-term bike, so it will be awhile before we do another update. -DrewZilla *www.revzilla.com/common-tread/one-tank-of-gas-through-the-csc-sg250-san-gabriel
Uh, I cooked the crank on my thrashed CR250, its not worth much now! $1500-$2000 to fix all the shit, its right at the tipping point where I would be better off putting the money towards a new bike....what to do?
Offer it with the mods first, you may get a chance the buyer knows how much the mods are worth. However, most of the times the buyer is either stepping up from a smaller bike or may be from a different type of bike and won't know anything about the mods. If so, offer to remove all the mods and sell the bike as stock. Then sell everything else on eBay or any other website you can.
Since a lot of buyers have to get a loan to buy a bike, Kelly Blue book and the NADA values are valid to a point. If you try to buy a bike that is priced $1,000 over high KBB and try to get a loan for that amount, the bank will laugh at you... So, KBB and NADA do have some relevance in buying and selling a bike when it comes to loans on that bike. Just had to toss that in Lemmy. Not trying to jump on you or anything. Not everyone can buy a bike on "sock drawer change."
KBB has no impact on the Value that a lender will give you on a bike. NADA however does. You can borrow more than a Bike is worth, the amount would depend on your credit worthiness and the particular lender's guidelines. 115% to 125% of the Bikes value would not be out of the question with good credit.
@@72chitwood Good to know. I stand corrected. With an 803 credit score I don't borrow money, I use my sock draw for bike purchases. 40 bikes (large street bikes, no dirt bikes) in 44 years of riding, all cash.
@@ababbit7461 Glad you have that in the Sock drawer! Seem's as though maybe investing that would probably be just a little bit better idea but heck what do I know! Keep working on that credit score !
@@72chitwood I will brother. Yes, investing would have been better, but you can't die with money, only your memories. With a wife of 40 years, who loves to ride, my dreams will last me forever. Good livin' brother.
Here in Michigan your Motorcycle loses 6% sales tax value the minute it rolls off from the show room floor.. Then the used buyer has to pay sales tax a second time.. Some brands and models lose value fast .. Some other models hold value better.. My 1984 Yamaha RZ-350 keeps going up in value .. I don't think you can recover the value of add on accessories either..
I like your videos. That said, on the one video I saw where you counteroffered on a used bike, you really lowballed it. That wasn't cool. If there wasn't a camera crew, I wonder if the seller would've metaphorically shut the door.
Yeah, Lem. You patting yourself on the back and boasting about how you didn’t humiliate him - with a camera trained on him? Definitely your best, finest moment.
04 R6 23k new battery, new tires, HID (both low and high), new sliders (old ones were sun faded), wrap on entire bike - skull and fire. Fresh oil change. Helmet, jacket and gloves from RevZilla, all Icon gear. $4000, listing high because I'd rather be talked down. Just want to know if this seems reasonable or I'm out of my mind?.. I literally only rode the bike less then 4000 miles in the 6 years I've owned it. And put more money into it then I needed to. Oh and the back seat has a nice burn into it from some friendly person who decided to lay their cigarette on my back bike seat. Cigarette was still laying on it when I came out from where I was at. I know this is irrelevant but just thought I'd express my anger here. This wasn't parked anywhere close to a venue or establishment, so someone purposely did it. Anyway, thank you regardless if you do look just want to know if I'm asking too much. Like I said I listed high so I could be talked down. I don't like a firm price concept. Just wanna see someone else's feedback.
Your approach sounds o.k. let someone grind you a bit over the price, they leave happy, you get a good price.thats shitty what some monkey did to your bike, though
Unfortunately, 95% of people list bikes for much more than they're worth. Sellers also lie. Some dangerously so. Read a lot of ads. You'll soon pick up on (what are often) red flag keywords. Bring a checklist with you when going to see a bike. Bring along someone with experience (even if you have some, a third party helps).
what is my motorcycle worth? Go to KBB.com/motorcycles put in your moto's stats to get a value. Then go to CycleTrader.com to see what bikes with you make, model, miles and condition are going for across the country right now. Take both of those sets of numbers and average them to see what its really worth.
"If you have a exceptionally rare , kooky, or highly modified bike you might not have a lot of people tryna to buy it and need to calibrated price" - That for y'all(EVERY CRAIGLIST SPORTBIKE THAT IS HIGLY MODIFIED THAT HAS A HIGH AMOUNT OF MILES THAT SELLING FOR OUTRAGEOUS PRICES)
My bike is special and rare, and they don't even make them anymore...the company doesn't seem to exist anymore. It was built in the US, in 2016...but nobody has ever heard of the brand.
paul1mdrn They offered $2500 for my fz09. At the time it was all stock and had less than 6k miles. No scratches or dents. Paint was perfect. I’ll probably never sell a bike to them.
For more from Lemmy (and other moto experts!), be sure to check out Common Tread for the best in daily motorcycle articles:
rvz.la/2MQ2VLO
Just got a 07 650 ninja with 1495m, all stock except the tail lights.
As long as you put "I know what I got" on the listing, the value is spot on
Ian Derzsi lol
How much? Not nearly as much as most owners think.
💯
I love looking for bikes in the winter. I found a guy who needed the money in January. Got an 07 FZ1 24k miles for only $2500. The only thing it needed was fluid changes, and tires.
Has this ever happened to you? You find the exact bike you're looking for with low milages for way under market value...but's its 1000 frickin' miles away. If it was within a 120 mile range you'd be rushing over to buy it without a second thought. Seems like the one's I want are never close by.
Dave7777
I live in PA , found a nice bike online in CA :(
Yup, if you are in a more populated area, the supply / demand thing gets tilted .buying stuff in the off season, or right after new years day( when people aren't riding & need $) is a good tactic
Sounds like we need to open a page for people who live on the east coast and find a deal on the west to be able to alert someone who can take advantage of it. And vice versa. We need to work together haha
Yes. Same with shopping for women!
Spoiler: It's worth whatever someone will pay for it.
Dealers have the insider info of how much banks will loan on it. Take it to a dealer or two and say you want to trade it in on a new one. Take those offers, average them and add 15%. Or at least $800.
It's only worth what someone is willing to pay. Owners who are emotionally attached tend to believe their bike is worth more than they actually are. Great video.
Solid advice Lemmy, thanks
I always judge value by doubling the value given by the anonymous Craigslist email mocking you.
awesome video ! here in chicagoland the seasonality of value is incredibly exaggerated
This is so true!
👍🏼 Great tips Lebowski.
Very helpful thanks
Twin-Cam Harley owners in Orange County, CA:
* Buy new for $15K.
* Ride 15K miles, drop once, ride another 15K.
* List 30,000 mile used bike for $15K... "It's a classic!"
Oh, that scratch is from the previous owner.
When i buy the bike ( bought and sold four during my life so far ) i always set my mind as : " you just thrown your money in a black hole , forget about that and do not expect ever ! to get some back . Right away , put aside some emergency fund - if bike is stolen today , you`ll get another, cheap one , tomorrow ". Helps a lot !
Worth whatever someone would pay
A lot of people miss this point. It is a key component of capitalism. The value of anything is what someone is willing to pay. There is no intrinsic monetary value beyond that. A Vincent is just an old outdated motorcycle unless there are enough people who very much want it and are willing to compete for it. This is the core fallacy of "investing" in collectable items. As generations die off the market for items they found valuable declines.
It's surprising how much it varies per machine. Goldwings are almost lying on the side of the road, if you look for a 20 year old one they're like $1000 even though they're very expensive machines. Popular machines that are known to run for 200,000 miles without a problem, like the VStrom, even a 5 year old bike with 30,000 miles on it is still going for almost new prices (at least around me)
Dual sports of almost any size below $2000 in my area are rare even for like, DR200s, let alone more desirable machines like the DRZ400. Part of why I bought a newer CRF250L - it was really not much more expensive to get a 2017 than a 1992, for some big Quality of Life improvements
regular service of the bike can help. I have a cousin has a 19 year old royal enfield bullet, that is properly serviced and it looks new
Hey Lemme, any thoughts on a 1990 Honda XRV750 (RD04 Africa Twin)? Finding one in the States to get an accurate number on is a bit difficult.
If you have a bike with 10 year old tires, your bike needs new tires -- even if they look new (with tire whiskers) and only have 500 miles on them. The layers of rubber get brittle, like old rubber bands that just break when you stretch them.
tire manufacturers recommend changing tire after 6yrs because they say they become brittle from sun exposure breaks down the rubber.
@@RossMalagarie what if its been stored for 6 years away from sunlight?
@@BuddhaRice it "should" be ok since the sun has not been shining on the rubber and drying it out. That's like my motorcycle tires, I bought my 2012 Yamaha Raider S in 2018, so when I got it the tires where already 6yrs old but it was in a dealership and only had 1 mile on it so I figured they should be still good. 5K miles and 1yr later they still seem good.
@@RossMalagarie I bought an 05 sv650 at the end of last year. First bike. Treads looked fine but the tyres were original when I checked the dates got some new pilot road 5s and the difference was insane. So much better!
@@Jisei13 you bought a bike with tires made in 2005 and you got on it in 2018? So 13yr old tires? And how many miles did it have on it? I doubt it was zero but that doesn't matter, the tire manufacturers say after 6yrs tires should be replaced because of sunlight making the rubber brittle but after 8-10 yrs yeah definitely should be changed.
Revzilla... spark plug and coil review diy tutorial :)
This video was useful to me; and I'm not being sarcastic. Been thinking about selling my fz8 for a while now, just to lazy to follow through
How much should i sell my 2015 Fz8, 3k miles, never dropped, no scratches at all. Brand new condition. First and original owner. Bike is fully paidoff and clean blue title is in hand.
Always good info.
Thanks bro.
Yo Lemmy, could you please make a review on the Kawasaki Vulcan 650?
I know this is off topic but is it just me or has lemmy lost alot of weight?
It’s weird how many dudes are out here talking about an other mans looks.
@@bonnevillebagger9147 Nothing wrong with noticing
@@bonnevillebagger9147 are you bummed because you don't feel you're noticed enough by other dudes?
gavranarh yea I’m real heart broken over here.
Yeah, he definitely looks slimmer
No Lemmy! Get back to the project bike with Spurgeon. I’m so excited for that series.
with Joe Zito*
@revzilla LemLem when are we getting episode 2 of your beater bike?
@ZLA Lemmy OK I will hold you to that. Thank you sir.
Your bike is only worth what someone else is willing to pay for it. One of my bikes is a 1999 Yamaha Vmax in good condition, but it only blue books just over $2K. There is no way that I could ever replace my Vmax for $2K, nor would I ever sale my Vmax for that low of a price. Blue book values are 100% subjective.
The worth of my bike goes up with dings and dents and mileage. All that stuff proves it durability, reliability and comfort. :b
Hey why haven't you guy done a update on the the csc gs250 bike.
I think it exploded into a million pieces that were superglued together.
We did the first update, which is linked below. It's a long-long-long-term bike, so it will be awhile before we do another update. -DrewZilla
*www.revzilla.com/common-tread/one-tank-of-gas-through-the-csc-sg250-san-gabriel
Uh, I cooked the crank on my thrashed CR250, its not worth much now! $1500-$2000 to fix all the shit, its right at the tipping point where I would be better off putting the money towards a new bike....what to do?
Honest. It sucks, but it's true. Glad I don't NEED to sell either of my bikes...
Is it better to bring the bike down to stock then sell like that (selling the mods on their own individually) or sell it with all the mods on it?
Offer it with the mods first, you may get a chance the buyer knows how much the mods are worth.
However, most of the times the buyer is either stepping up from a smaller bike or may be from a different type of bike and won't know anything about the mods. If so, offer to remove all the mods and sell the bike as stock. Then sell everything else on eBay or any other website you can.
I'd say you can sell the bike with mods if you have the original parts and they are relatively easy for the buyer to put back on if they so choose
Since a lot of buyers have to get a loan to buy a bike, Kelly Blue book and the NADA values are valid to a point. If you try to buy a bike that is priced $1,000 over high KBB and try to get a loan for that amount, the bank will laugh at you... So, KBB and NADA do have some relevance in buying and selling a bike when it comes to loans on that bike. Just had to toss that in Lemmy. Not trying to jump on you or anything. Not everyone can buy a bike on "sock drawer change."
KBB has no impact on the Value that a lender will give you on a bike. NADA however does. You can borrow more than a Bike is worth, the amount would depend on your credit worthiness and the particular lender's guidelines. 115% to 125% of the Bikes value would not be out of the question with good credit.
@@72chitwood Good to know. I stand corrected. With an 803 credit score I don't borrow money, I use my sock draw for bike purchases. 40 bikes (large street bikes, no dirt bikes) in 44 years of riding, all cash.
@@ababbit7461 Glad you have that in the Sock drawer! Seem's as though maybe investing that would probably be just a little bit better idea but heck what do I know! Keep working on that credit score !
@@72chitwood I will brother. Yes, investing would have been better, but you can't die with money, only your memories. With a wife of 40 years, who loves to ride, my dreams will last me forever. Good livin' brother.
@@ababbit7461 You too ,be safe out there with you wife! Mine loves to ride as well
Looks like Lemmy lost some weight, looking good my dude.
You can't put a price on garbage.
Here in Michigan your Motorcycle loses 6% sales tax value the minute it rolls off from the show room floor.. Then the used buyer has to pay sales tax a second time.. Some brands and models lose value fast .. Some other models hold value better.. My 1984 Yamaha RZ-350 keeps going up in value .. I don't think you can recover the value of add on accessories either..
I like your videos. That said, on the one video I saw where you counteroffered on a used bike, you really lowballed it. That wasn't cool. If there wasn't a camera crew, I wonder if the seller would've metaphorically shut the door.
I usually walk when a seller lies or buyer lowballs (or that negates any negotiating room - sometimes I counter by going higher).
Yeah, Lem. You patting yourself on the back and boasting about how you didn’t humiliate him - with a camera trained on him?
Definitely your best, finest moment.
@ZLA Lemmy Ah. I get you. That said, the edit gives off an unscripted vibe that reads a bit harsher than you may intend.
ZLA Lemmy - Thanks for the response.
When quoted by a dealership, not enough, when posted on craigslist, too much.
04 R6 23k new battery, new tires, HID (both low and high), new sliders (old ones were sun faded), wrap on entire bike - skull and fire. Fresh oil change. Helmet, jacket and gloves from RevZilla, all Icon gear. $4000, listing high because I'd rather be talked down.
Just want to know if this seems reasonable or I'm out of my mind?.. I literally only rode the bike less then 4000 miles in the 6 years I've owned it. And put more money into it then I needed to. Oh and the back seat has a nice burn into it from some friendly person who decided to lay their cigarette on my back bike seat. Cigarette was still laying on it when I came out from where I was at. I know this is irrelevant but just thought I'd express my anger here. This wasn't parked anywhere close to a venue or establishment, so someone purposely did it. Anyway, thank you regardless if you do look just want to know if I'm asking too much. Like I said I listed high so I could be talked down. I don't like a firm price concept.
Just wanna see someone else's feedback.
Your approach sounds o.k. let someone grind you a bit over the price, they leave happy, you get a good price.thats shitty what some monkey did to your bike, though
Unfortunately, 95% of people list bikes for much more than they're worth. Sellers also lie. Some dangerously so. Read a lot of ads. You'll soon pick up on (what are often) red flag keywords. Bring a checklist with you when going to see a bike. Bring along someone with experience (even if you have some, a third party helps).
who cares? when its time to get rid of mine, i am just going to raffle it away. 100 tickets at $100 each. me, and the lucky winner will both be happy
what is my motorcycle worth? Go to KBB.com/motorcycles put in your moto's stats to get a value. Then go to CycleTrader.com to see what bikes with you make, model, miles and condition are going for across the country right now. Take both of those sets of numbers and average them to see what its really worth.
He's Like a mix of long john silver and Hagrid
You loosing weight lemm? Good for you man.
Compidium fungable
Damn almost didn't recognize lemmy dudes lost some serious weight
"If you have a exceptionally rare , kooky, or highly modified bike you might not have a lot of people tryna to buy it and need to calibrated price"
- That for y'all(EVERY CRAIGLIST SPORTBIKE THAT IS HIGLY MODIFIED THAT HAS A HIGH AMOUNT OF MILES THAT SELLING FOR OUTRAGEOUS PRICES)
My bike is special and rare, and they don't even make them anymore...the company doesn't seem to exist anymore. It was built in the US, in 2016...but nobody has ever heard of the brand.
Rod Rebman
LoL 😂 that's awesome
Victory still exists today. They call them Indian Motorcycles. 😂
I don't know what you are talking about it is in perfect condition...
I wish people actually did this.
Heyyythisisanthonyfromrevzilladotcomwhereyoucanwatchdecideandride.... oh, wait...
Lemmy has a PhD in motorcycology
Rumble on offered me a third of trade in value 😆🖕🏽
paul1mdrn They offered $2500 for my fz09. At the time it was all stock and had less than 6k miles. No scratches or dents. Paint was perfect. I’ll probably never sell a bike to them.
I seen Jason's cousin
6 minutes to say "Well, it depends".
My bike? Hrm. How much does a tetanus shot go for these days?
Guys, seriously, are there actually people that didnt know how to value their bikes?
There's people who don't know how to gas a car...
@@jonathantyree8172 as in fill the car with petrol?
@@Benjay1975 lol yup
Damn lemmy your looking super thin hope your doing good
Legit!
Less than you think.
Ill never sell my 05 r1... EVER