I am considering the purchase of an Asgard metal "garage" for storing a bike but have seen some reviews that indicate the materials increase condensation problems, has anyone here experienced that as an issue?
My husband put self adhesive shed insulation inside his Asgard and also has a Unibond Aero 360 moisture capture. I think he bought both from Screwfix. Since then he has had no issues
26:33 I think perhaps this 7 year warranty is more about tying you into dealer services once a year for the full term of the warranty, in fact it's called a service activated extended warranty, so basic is 3 years but thereafter it will be extended by one year at each service 🤷🏻♂️
It is but from experience My local Suzuki dealer service costs are very reasonable. Most people buying a new one do sell well before 7 years but it really helps if you sell it on privately. No other brand offers this.
I have one of the smaller Asguard sheds for about 10 years. I have moved house at least 3 times, for a couple of years it sat in a field in a disassembled state. Now it is back in full time use. Still in great condition. For insurance purposes it has always seems to be as good as a brick built garage. You can shoe horn in two full size bikes if one goes in forward and one rearwards, so long as we are not talking two GS size bikes. Condensation has never been an issue, there are enough vents. The only issue is it does get very hot in summer so extra insulation is a good idea to keep the temperature down although it hs never caused me any issues with my motorcycle. Regarding Suzuki extended warranty, it is the gold standard in manufacturers warranties, for this alone they deserve to sell more bikes than they do. Actually their reputation for creating reliable bikes is so good, its probably a rare thing to need it. For piece of mind, it is pricelesss and it actually costs the owner nothing, just the cost of an annual or sheduled service at dealer prices. I'll take that. By the way they do the same with their cars. You don't even need a full dealer service history. A dealer service gets you 12 months warranty full stop!. Which brings me to KTM. They also offer a similar extended warranty, but only in the EU and it would seem only if you have a full dealer service history. Why won't they offer it in the UK and other teritories?. It would solve any nervousness people have buying their bikes, it would preserve the used values and be a very quick way to lift the very low reputation the brand have at the moment. Of course it might cost them a small fortune at the moment, but that would incentivise them to design in reliability like the big four Japanese companies have done for decades. By the way, 1090s & 1190 KTMs didn't seem to have anything like the issues the more recent 790, 890, 1290s have had. How did they manage to drop the ball so specacularily. By the way, CMC motorcycles will do a life time warranty on most nearly new motorcycles. Now that is THE gold standard in motorcycle warranties.
Love Freddie's "Recently viewed" on the open screen on AutoTrader at 16:40 .... Alfa Romea Spider, Alfa Romeo Spider, Jaguar XK8.... Car guy, bike guy, aren't we all.
Makes sense….buying a 1 or 2 year old bike for 1K less than new, but one trip to the dealer to fix something and boom, should have bought a new one it would cost less
Regarding people with OCD, you could always put a sticker over the damage and then put a corresponding identical sticker and placement to the opposite top corner.
Hi Freddie, another great video. Second hand bike prices!! In the UK, we have a strange approach to the value of cars and bikes. I have lived in a few countries and have seen a similar pattern across those countries that contradicts how we play in the UK. Firstly, if the bike (or vehicle) has no warranty, it is worthless. That is the first rule. Secondly, and assuming warranty for the period, this is how the value is calculated. Year 1, 20% loss (bike costs £11000 - 20% = £8800), year 2 another 20% loss (£8800 - 20% = £7040), year 3 another 20% loss (£5632) - so, if the bike is three years old, you have now lost £5368. Year 4 and 5 are exactly the same bring the value to end of year 5 to £3604. Beyond year 5, and assuming no warranty, the bike would be worthless unless a dealer offers a years warranty through something to the equivelant of RAC warranty cover - which in those countries, would be unusual - so the vehicle is worthless. And this maybe why second hand vehicles do not sell. As a buyer, you have a choice - second hand high prices or a brand new bike on HP with all warranty etc. As a side thought, the summer in the UK has started very late. As of now (31st July), it looks like the summer weather has started however, in 6 weeks time, we will be in the middle of September. 8 weeks time and October is here. This is a really short summer and a rule of thumb, no one buys bikes until the summer sun has come (other than hardened riders). I appreciate that some will read this and shoot me down as the total cost of ownership of a vehicle rises dramatically - however, this is how it works. And this is why in other countries, people keep their vehicles for many years (France is a good example) rather than replacing their vehicles every two or three years as we do in the UK. Furthermore, I am about to collect a Scrambler 400x this week from Triumph. Second hand for £4700 with 1600 miles and six months old. This sort of meets the principle 20% reduction for the first year. Having spoken in detail to the sales guy, he stated that second hand sales have collapsed. Nothing is selling and in fact, I traded my Tiger 900 GT in 14 weeks ago to buy a new T120 and this Tiger has not sold. And the Tiger, with 9000 miles on it, is in perfect condition (as you would expect from me 😆). Ironically, most of the second hand bikes do not have a price shown so, you have to ask the sales guy for the price (which I find a strange approach however). New bikes are selling and constantly going out of the door - which is good news I guess. Food for thought???
As a non UKer it's unclear in your first paragraph whether you're referring to the UK or Other Countries with the rules. Those rules don't fit the market here in NZ.
My husband has one of those Asgard for his Ducati and it made no difference when it came to insurance. Despite that it is really good and I call it his Ducati shrine as it has a red and black floor and a Ducati rug. Three other bikes sit down the side of our house the gap between the wall and the fence and we put a roof between the wall of house and fence so they are very well protected. The other bike we have sits in the back garden under a cover. So five bikes and only one gets to live in true luxury 😂
I have an integral garage but my MG TF160 sports car lives in there. I keep my Royal Enfield Classic 500 in my large (ish) modern kitchen and my Himalayan lives in my recently built half brick, fully double glazed conservatory, which is attached to my kitchen. My insurance company is happy to call both as 'garaged'.
Thanks for posting my question on garages Freddie 👍🏼 good choice for bike of the week. I wasnt aware they offered a 7 year warranty - it's awfully tempting to book a test ride.
I think insurance companies make it up as they go and probably work together to fix the pricing. My multi-bike policy (2019 Guzzi V7 and a 1965 BSA Bantam) has gone up from £184 to £205 for this year, which may sound low for some younger riders but this has gone up every year and I've never claimed, and they're both in a proper garage, they even say on the email regarding the reason for price increases - "rising cost of claims the insurance industry now faces". You may get a discount for some sort of garage but it will go up next year to compensate for this.
Price fixing across the board. Curry’s and comet did it back in the 90’s, the power companies have just done it and now the insurance companies are doing it. Together they can agree to not undercut or compete and raise their prices across the board. House, car and bike insurance all up this year by 50-60% in my case and no one willing to talk about a reduction. All blaming the cost of repairs, but all complicit in price fixing i suspect.
Re. garages, when I first moved to my current house, 33 years ago, I was offered the rental on a brick built garage, at the rear of the property. The cost was £24 per year. I still pay the same amount!
No idea where Clive got the idea that you can sell your bike privately on MCN, when you browse their website it's obvious they only do trade sells, pretty much what's already on Autotrader. How fair dealer prices are I don't know, I'd love to pay less as the next rider, at the end of the day it's a business it is supposed to make money. There is little to no appeal to buy private, 1 you can't buy on finance, unless it's a loan, 2 you have no warranty what so ever, 3 god only knows what lemon you are getting and what has the bike being through. Plus there are so many things to check, if you don't do your due diligence proverly you might drop a back of cash and have the bike reposed by a finance company.
Hi Freddie, with ref. to keeping your bike in a garage, I’ve got a Harley 48 115th Anniversary, in the T’s&C’s of my insurance policy if my bike is at my normal residence it has to be in my garage between the hours of 10-00pm & 6-00am or I will have to pay an additional excess on top of my normal excess if the bike was stolen. Fortunately I have got a decent garage attached to my house. Great show 👍👍👍
Hi Freddie, Ive recently got my A license and have bought a brand new CFMoto 650GT for £4,500 and 3% finance. I thought it was a staggering deal, and the bike felt great to me. The 4 year warranty offset the 'made in China' in my head, but have I made an enormous mistake? PS only just watched your previous video and quite the coincidence... The dealer said one of the reasons the bike was so cheap (£5,800 at launch, which was cheap to begin with) was upcoming Euro emissions being brought in. He said December this year.
As a financial rule of thumb, if the interest rate is 3% or less, then it is better to take the finance than use your own money. The capital you would have laid out (rather than the monthly payments) can then be used to make back the 3% interest you will be paying over the period. But that assumes you look at money with active investment rather than passive investment 👍. I think you have a good deal 👍
Another good way to reduce your insurance costs is to take an advanced motorcycle test with either the IAM or ROSPA. I got a £60 reduction in my premium when I advised the company from whom I has received a quote that I am an IAM advanced rider 😀
hi with regards suzuki i have picked up a brand new vstrom 800 re for £8000 with the mentioned service activated 7 years warranty its a no brainer looking forward to touring spain and Portugal at the end of august
I have a 9x7 Asgard metal garage, plenty of space for 2 bikes plus a workbench across the back, very secure with a built in anti pick lock, I would highly recommend one.
You’re dead right about shifting a bike if you’ve over-priced it. I’ve recently sold both of my high-end - but popular - bikes within a couple of weeks. The price I advertised was a bit lower than anything else on AutoTrader, and yes, they sold to a trader, but without any significant haggling. I can see a few private sales for the same models I sold, but £2,000+ more, that were there when I advertised mine, and are still for sale on AutoTrader. The real issue is that there are significantly more bikes for sale than prospective buyers, good weather or not, and if it is not desirable or rare and it’s not the cheapest bike it’s going to struggle. With a few exceptions finance is not that cheap, and I wonder whether many prospective buyers aren’t as keen to have a finance agreement running when the cost of living is still uncertain.
I do sympathise Ian, I also own a RE 350 Meteor which is now £1000 less than I paid in 2022. I didn't trade it in because I'd rather keep it than sell at the current low second hand price. Sometimes you win but more often than not you loose
Along with the laptop scratch...wish you'd sa Tuesday at Dobbs..not Dobbsies.....😂.......keep up the fantastic content...pleased for you with the jeep....👍🏼
Those steel sheds will sweat like mad. Condensation with ruin your bike over winter. They'll need heavily insulating. You can't get around a brick construction. There's no cheap solution with a steel box.
Regarding the Ducati Scrambler 1100 service cost, I have the Sixty2 version yes I know it's a simpler machine than the 1100 but the principle is basically the same for changing the belts, plenty of 'how to' videos on RUclips or links to highly experienced independents who would complete any work at a fraction of the cost of the main dealer. Before I bought my Ducati I did some research about belt changing, oil & filter changing and any other work, nothing to be scared of and they're pretty reliable as well.
Auto Trader is pretty good for private sellers I have sold a couple of bikes through them in the last few years and would also buy privately. One just needs to use good judgement either way and do the usual checks.
Sellers are also to blame for selling issues, when I was recently looking I watched a local bike being re-advertised weekly so it did nto say for sale for 13 weeks etc etc , prcie went up and up throught he summer. I messaged and asked if the seller was open to offers and got a very short no. So I bought from a decent seller and had a great deal, that is a deal both parties are happy with. The bike I did message is still for sale ! as are a few of the others I was watching! Sellers are often being unrealistic as tp the real value of their bikes!
Hi Freddie. I’ve found nowadays that insurance companies won’t cover your bike on the drive. I have garage storage for my bikes but if I stop home and park the bike to into my house for whatever; the bike isn’t insured unless it’s 500 mtrs from the house how crazy is that 😏😏
Sort of on topic. On the subject of market place being overpriced with chancers. I buy vintage camera lenses from a local cash converters for a fraction of the price on FB. Example my latest £10 buy from a shop will cost £40-£50+ on FB.
I used to buy a few cars from auction every year and there was a good margin but around 2005 the auction prices were just about the same price as the forecourt so the small dealers have to look elsewhere
Warranties. Some warranties are offered by the dealership not the manufacturer. This means you have to go back to the dealership who may charge more to keep the extended warranty alive. I own a Kawasaki Versys 650 , 2015 from new, 32k miles and totally reliable. Used for travels and motorbike instructing daily. So good, I now have two. Warranties, beware!
You can smell the KTM Corporate fear about this current debacle. PCP over the past decade has flooded the market with low mileage, second hand bikes - it was inevitable.
virtually ALL the vehicles, 2 and 4 wheeled, I have bought since the advent of broadband, have been from eBay! I have travelled the length of the UK for a £600 500cc bike! I've never been screwed, but have been foolish over lack of research, getting emotional over purchases, and not "walking away" when I should have! ALWAYS get a bargain, even if the purchase was a foolish one! I you know what you are looking for, ...looking AT, and have a STRICT control of budget and your bidding, you will ALWAYS find something you can be proud of! Make sure you PLAN insurance, tax and any "getting it on the road" expenses, PLUS make sure time doesn't force you to make rash decisions, and you'll come home with some EXCELLENT PURCHASES! EVEN INVESTING IN A VAN AND/OR TRAILER WILL SAVE YOU HUNDREDS! Know your subject and NO-ONE will pull wool over your eyes!
if you buy through a wheels group dealership, like I did for my Kawasaki Z650RS if they service it they give you a lifetime warranty, allegedly the same as the manufacturer - they also do Honda and MV Agusta - more food for thought - servicing seams reasonable too
Does Bennetts insurance, et al, think we all live in California? I have a garage, a 'man cave' and, in addition, living accommodation. It's called a terraced house. I shall use the solidity of the construction to confound my insurers and get primo rates.
Freddie I wonder if there is simply a fundamental problem of over supply of bikes for the size of market of riders. We are seeing a lot of absolutely mint bikes that are 20 years old mostly because manufacturing and materials technologies in the last 20-30 years has meant many bikes that are kept even moderately well are just lasting seemingly indefinitely. Manufacturers old and new, are still producing many many many machines, and people are still buying new at cheap finance rates. It's a glut; A flood; a Feast; Chow down and pass the sauce.
I think Suzuki’s finance deal is good, or at least fair. What they might have realised is that PCP deals mean the actual outright cost of a bike doesn’t matter to many, what matters is the monthly payment and if that’s the same but the final payment is more they’re fine with that. A cracking HP deal however gives people pause for thought.
Freddie I was with my local BSA dealer here in Alicante this week, Euro 5+ come in with stricter rules 2025. They are preparing the bike that do not meet it for pre-registration to allow them to sell them. Hopefully I can pick up A BSA gold star 650 cheap !
I live in central London, always parked my bike on private property secured by a ground anchor but was forced to start street parking a few years back, my insurance went from just over £800 a year to £450..... The only way I can explain it is maybe more bikes are stolen that are listed as "on private property" as owners think they are safer and use less security.
MCN the most respected motorcycle publication? Only in its own imagination. I've been reading it for almost 50-years. It's just about OK, no more than that. I suspect its ban on private sales is down to dealers not wanting (lower) private prices making their stock look expensive. All markets rise & fall, a bike is now mainly a discretionary purchase and due to the impact of the cost-of-living crisis people don't want to spend so much - or anything at all. That's life.
I got to ride the 8s last year at a Suzuki demo event and it's amazing. In that middleweight section I don't think anything else even compares, maybe the Duke 790 but I'd take the Suzuki for obvious reasons, reliability and it's cheaper. I have a 2013 Ninja 650 which is very similar to these bikes but with the fairing. I would like to ride the 8r or even be able to sit on them side by side at a dealer.
I recently sold an 800 Tiger. Bike trader, no response. Marketplace, just messages from time wasters.. eBay, lots of response and interest, sold for £4000, ended auction early to miss eBay commission. Bought a later Tiger from a trusted local dealer.
Although context is everything. My £700 bike can happily live outside. If I’d just dropped £8k on a bike I’d probably be keener to protect it from the elements. Plus justifying it to your partner is probably easier!
@@andrewhenderson6256 both of my 8 grand bikes sit outside under proper covers and the weather has no impact at all. All I want a shed for is maintenance!
Just bought bsa gold star for £4300, new unregistered. A massive £2200 discount from original release price. Like most I did consider the triumph 400's but don't think they are suitable for any real touring due to vibs. I guess I owe thanks to Soltire Motorcycles Edinburgh, BSA and of course Triumph for creating such a massively competitive market. Just hope all manufacturers survive it. Trev
As I bought mine on the 1st of March 2023 and paid the then price i am far from happy with the way it's now been discounted and ruining second hand values.
I had a Husky 401, broke down twice within 50 miles. Also had a new Speedo, exhaust, and fork stanchions within the first year under warranty. Never again, bought a super reliable and boring honda instead
I am guessing the metal garage dont come with a concrete base....extra cost. Will the KTM issue also have repercussions for the well reviewed and value package of the CF Moto 800cc bikes if they are using the "same" engines?
You seem to have caused quite a stir with your KTM reporting especially from owners of Chinese bikes with the KTM engine. The Bingley Wheeler seemed particularly upset being a brand new owner of a C F Moto 800.
KTMs styling and reliability may have had an effect on their sales, moving manufacturing to cheap factories in China etc. hasn’t helped. As for low mileage have you ever sat on a KTM seat? 😳 I owned one for three and a half years and sold it with extremely low mileage, an hour before a break and an hour home again maximum.
I know of another channel who claimed that you, Freddie over hyped the problem with the KTM and that it's small numbers compared to the overall number of bikes out there, also he seems to be convinced that they sorted it out by 2020 but personally I'm not sure🤔
@@ianhalliwell8604 tbh I think I wound him up by banging on about the possibility of a link between KTM engines and the one's used in Cfmoto, I kept commenting and he seemed to get a touch irritated 🤷🏻♂️
@@ianhalliwell8604 as I said hope it doesn't but I guess only time will tell with the cfmoto engine, can't deny they are cracking bikes but with literally no long term info on em it will be a wait and see situation, dave is banking on the warranty
Very interesting and thanks for highlighting this, Kevin. There have been a lot of people with 2022 and 2023 complaining of these engine problems, so I don’t think it’s fixed. But I hugely sympathise , because it’s not a nice situation for owners
Maybe bikers looking to sell (and buy) should do what farmers do and offer face to face 'Bike Markets' a few times a year on open land around the country. Owners would stand beside their bikes for sale and offer an honest scam-free environment in which to trade. Some bike clubs maybe already offer this in some way.
I think KTM has their heads where the sun doesn’t shine..just think what there brand would have been like if they hadn’t pulled their sponsorship from McGregor and Borman around the world..BMW has since established the GS as the ideal marque for adventure motorcycles and they have sold a ton of them..I just went to the bmwmoa annual rally in Oregon, out of 5000 BMW’s probably 4000 of them were GS’s! Meanwhile KTM struggles..
Hello Freddie Sonny from USA libed in Thailand for yrs if a bike or car is imported their is a 200 percent markup plus since Covid importing has been banned on cars and bikes a main reason y I moved back to the states now looking for a new place to stay ps talked w Ian from varralls he is looking for a bike 4 me great show keep m coming 🎉
With the older bike MK1 bandits etc whenever you look on marketplace they are all overpriced. I get it people want some money back but why would you pay £2000 for an old bandit when you can maybe save another £1000 and buy a 4-7 year old bike instead
Lucky for me My Garage is part of the house even has a radiator and utility room in it. When we brought the house many years ago it was the Garage that sold it to me. Add to this i live in a low risk post code my fully comp ins for 3 Bikes 1200bmw Thruxton r And a classic Honda 600 lmf is £339. Also helps being over 60.
I simply don't understand why KTM sells? The recent history is so "bad" Lot's of other ADV type bikes are out there.... for similar or less cost. My Triumph & Guzzi are going well! 😂
Hi Freddie, everyone moans about ducati servicing and belt change costs but surely thats a price you pay for owning and riding the most premium motorcycle brand in the world. I have owned over 70 different motorcycles and have owned a Ducati and they are very special and worth every penny. Just like Harley's they give you that indescribable feeling that no other brand can give. In my mind its like owning a ferrari and complaining that Audi R8's are cheaper to run. Both amazing cars and brands A ferrari just like a Ducati is expensive to own but my goodness, they really are worth it.
I'm not even sure these bikes would even sell for a few grand now. These are all toys and old cheap bikes the people who would have normally bought them are wincing at filling the car up with fuel and barely scraping money for groceries. On top the weather is worse than ever and people are to busy working to go out riding.
Inflation, inflation, inflation. Price volatility is terrible for both producers and consumers. As inflation affects input costs for the manufacturer and consumers ability to buy their product is reduced, it becomes a seesaw of trying to raise prices to cover costs, whilst simultaneously trying to reduce prices to attract new buyers- clearly a conundrum. Rounds of cost cutting and eventually the collapse of the company become inevitable if the economic climate does not stabilise. It’s why there is so much interest in Indian and Chinese bikes - they have huge home markets, relative market stability and therefore they produce low cost, budget machines, which more closely match the stretched western motorcycle consumers pocket. Things were bad in 2008 during the crash, they never recovered, Governments just printed money hoping to paper over the cracks. Then the West committed Covid suicide, shutting down everything for 2 years and pumping additional billions into the growing paper mountain. Manufacturers experienced a mini-boom as all that paper changed hands, but as in all things, there is no free lunch. They expanded, increased production, invested in new models and filled dealers showrooms with stock, then the tide turned and things went sour. The market of boom, turned to bust. It’s not just motorcycles, it’s everything. We appear to be heading for a deflationary crash at a rapid rate.
Hi Freddie, with ref. to keeping your bike in a garage, I’ve got a Harley 48 115th Anniversary, in the T’s&C’s of my insurance policy if my bike is at my normal residence it has to be in my garage between the hours of 10-00pm & 6-00am or I will have to pay an additional excess on top of my normal excess if the bike was stolen. Fortunately I have got a decent garage attached to my house. Great show 👍👍👍
![FNAF vs TF2 - Episode 2 [SFM]](http://i.ytimg.com/vi/z5b3V2-VLb0/mqdefault.jpg)
I am considering the purchase of an Asgard metal "garage" for storing a bike but have seen some reviews that indicate the materials increase condensation problems, has anyone here experienced that as an issue?
My husband put self adhesive shed insulation inside his Asgard and also has a Unibond Aero 360 moisture capture. I think he bought both from Screwfix. Since then he has had no issues
Regarding MCN not offering private sellers to advertise their motorcycles. I can only put it down to fraudsters and scammers.
I think the storm is brewing for ktm. And the future is not orange
that is due to lack of support for cam failures due to chocolate cams fitted at the KTM factory
26:33 I think perhaps this 7 year warranty is more about tying you into dealer services once a year for the full term of the warranty, in fact it's called a service activated extended warranty, so basic is 3 years but thereafter it will be extended by one year at each service 🤷🏻♂️
I’d love to know how many bikers in the UK keep their new bike for 7 years. PCP finance apparently accounts for more than 80% of new bike sales…
It is but from experience My local Suzuki dealer service costs are very reasonable. Most people buying a new one do sell well before 7 years but it really helps if you sell it on privately. No other brand offers this.
I have one of the smaller Asguard sheds for about 10 years. I have moved house at least 3 times, for a couple of years it sat in a field in a disassembled state. Now it is back in full time use. Still in great condition. For insurance purposes it has always seems to be as good as a brick built garage. You can shoe horn in two full size bikes if one goes in forward and one rearwards, so long as we are not talking two GS size bikes. Condensation has never been an issue, there are enough vents. The only issue is it does get very hot in summer so extra insulation is a good idea to keep the temperature down although it hs never caused me any issues with my motorcycle. Regarding Suzuki extended warranty, it is the gold standard in manufacturers warranties, for this alone they deserve to sell more bikes than they do. Actually their reputation for creating reliable bikes is so good, its probably a rare thing to need it. For piece of mind, it is pricelesss and it actually costs the owner nothing, just the cost of an annual or sheduled service at dealer prices. I'll take that. By the way they do the same with their cars. You don't even need a full dealer service history. A dealer service gets you 12 months warranty full stop!. Which brings me to KTM. They also offer a similar extended warranty, but only in the EU and it would seem only if you have a full dealer service history. Why won't they offer it in the UK and other teritories?. It would solve any nervousness people have buying their bikes, it would preserve the used values and be a very quick way to lift the very low reputation the brand have at the moment. Of course it might cost them a small fortune at the moment, but that would incentivise them to design in reliability like the big four Japanese companies have done for decades. By the way, 1090s & 1190 KTMs didn't seem to have anything like the issues the more recent 790, 890, 1290s have had. How did they manage to drop the ball so specacularily. By the way, CMC motorcycles will do a life time warranty on most nearly new motorcycles. Now that is THE gold standard in motorcycle warranties.
Love Freddie's "Recently viewed" on the open screen on AutoTrader at 16:40 .... Alfa Romea Spider, Alfa Romeo Spider, Jaguar XK8.... Car guy, bike guy, aren't we all.
Makes sense….buying a 1 or 2 year old bike for 1K less than new, but one trip to the dealer to fix something and boom, should have bought a new one it would cost less
Regarding people with OCD, you could always put a sticker over the damage and then put a corresponding identical sticker and placement to the opposite top corner.
Somebody that understands!!! 😁
Hi Freddie, another great video. Second hand bike prices!! In the UK, we have a strange approach to the value of cars and bikes. I have lived in a few countries and have seen a similar pattern across those countries that contradicts how we play in the UK. Firstly, if the bike (or vehicle) has no warranty, it is worthless. That is the first rule. Secondly, and assuming warranty for the period, this is how the value is calculated. Year 1, 20% loss (bike costs £11000 - 20% = £8800), year 2 another 20% loss (£8800 - 20% = £7040), year 3 another 20% loss (£5632) - so, if the bike is three years old, you have now lost £5368. Year 4 and 5 are exactly the same bring the value to end of year 5 to £3604. Beyond year 5, and assuming no warranty, the bike would be worthless unless a dealer offers a years warranty through something to the equivelant of RAC warranty cover - which in those countries, would be unusual - so the vehicle is worthless. And this maybe why second hand vehicles do not sell. As a buyer, you have a choice - second hand high prices or a brand new bike on HP with all warranty etc. As a side thought, the summer in the UK has started very late. As of now (31st July), it looks like the summer weather has started however, in 6 weeks time, we will be in the middle of September. 8 weeks time and October is here. This is a really short summer and a rule of thumb, no one buys bikes until the summer sun has come (other than hardened riders).
I appreciate that some will read this and shoot me down as the total cost of ownership of a vehicle rises dramatically - however, this is how it works. And this is why in other countries, people keep their vehicles for many years (France is a good example) rather than replacing their vehicles every two or three years as we do in the UK.
Furthermore, I am about to collect a Scrambler 400x this week from Triumph. Second hand for £4700 with 1600 miles and six months old. This sort of meets the principle 20% reduction for the first year. Having spoken in detail to the sales guy, he stated that second hand sales have collapsed. Nothing is selling and in fact, I traded my Tiger 900 GT in 14 weeks ago to buy a new T120 and this Tiger has not sold. And the Tiger, with 9000 miles on it, is in perfect condition (as you would expect from me 😆). Ironically, most of the second hand bikes do not have a price shown so, you have to ask the sales guy for the price (which I find a strange approach however). New bikes are selling and constantly going out of the door - which is good news I guess.
Food for thought???
As a non UKer it's unclear in your first paragraph whether you're referring to the UK or Other Countries with the rules. Those rules don't fit the market here in NZ.
@@DiscoFang The experiences detailed above are from around the world from Estonia to Qatar and lots of places in-between. Currently, I am in the UK
Thanks Freddie, great chat (as always). Re laptop chip, call Joe and get a wurks sticker, 😂
I need to sort something!
Maybe it’s a Jeep Wrangler sticker you need now 😂
Something is only "worth" what someone is willing to pay for it. And that is key for anything.
My husband has one of those Asgard for his Ducati and it made no difference when it came to insurance. Despite that it is really good and I call it his Ducati shrine as it has a red and black floor and a Ducati rug. Three other bikes sit down the side of our house the gap between the wall and the fence and we put a roof between the wall of house and fence so they are very well protected. The other bike we have sits in the back garden under a cover. So five bikes and only one gets to live in true luxury 😂
I love this!😆
Haha ocd indeed, that mark has been bugging me for months!
I have an integral garage but my MG TF160 sports car lives in there. I keep my Royal Enfield Classic 500 in my large (ish) modern kitchen and my Himalayan lives in my recently built half brick, fully double glazed conservatory, which is attached to my kitchen. My insurance company is happy to call both as 'garaged'.
The new Suzuki 800 gets great reviews in all the different models Suzuki offer it with, great choice of bike of the week.
Thanks for posting my question on garages Freddie 👍🏼 good choice for bike of the week. I wasnt aware they offered a 7 year warranty - it's awfully tempting to book a test ride.
I love my 8S - I can vouch for it till the cows come home.
Suzuki are suffering with sales. They have to do something. This is brilliant for us, what a deal !
I think insurance companies make it up as they go and probably work together to fix the pricing. My multi-bike policy (2019 Guzzi V7 and a 1965 BSA Bantam) has gone up from £184 to £205 for this year, which may sound low for some younger riders but this has gone up every year and I've never claimed, and they're both in a proper garage, they even say on the email regarding the reason for price increases - "rising cost of claims the insurance industry now faces". You may get a discount for some sort of garage but it will go up next year to compensate for this.
Price fixing across the board. Curry’s and comet did it back in the 90’s, the power companies have just done it and now the insurance companies are doing it. Together they can agree to not undercut or compete and raise their prices across the board. House, car and bike insurance all up this year by 50-60% in my case and no one willing to talk about a reduction. All blaming the cost of repairs, but all complicit in price fixing i suspect.
Re. garages, when I first moved to my current house, 33 years ago, I was offered the rental on a brick built garage, at the rear of the property. The cost was £24 per year. I still pay the same amount!
£24, a basket of bread, 6 eggs, 50 yards of cotton duck and 2 tierces of tobacco. Sounds like a consideration of trade from 1840.
That is incredible!
No idea where Clive got the idea that you can sell your bike privately on MCN, when you browse their website it's obvious they only do trade sells, pretty much what's already on Autotrader. How fair dealer prices are I don't know, I'd love to pay less as the next rider, at the end of the day it's a business it is supposed to make money. There is little to no appeal to buy private, 1 you can't buy on finance, unless it's a loan, 2 you have no warranty what so ever, 3 god only knows what lemon you are getting and what has the bike being through. Plus there are so many things to check, if you don't do your due diligence proverly you might drop a back of cash and have the bike reposed by a finance company.
Hi Freddie, with ref. to keeping your bike in a garage, I’ve got a Harley 48 115th Anniversary, in the T’s&C’s of my insurance policy if my bike is at my normal residence it has to be in my garage between the hours of 10-00pm & 6-00am or I will have to pay an additional excess on top of my normal excess if the bike was stolen.
Fortunately I have got a decent garage attached to my house.
Great show 👍👍👍
Surprised at MCN. Leaves a big gap in the market for an enterprising chap. Potentially.
What should they call the new web site... Scammer Scentral? Fraudbook Marketplace?
Hi Freddie, Ive recently got my A license and have bought a brand new CFMoto 650GT for £4,500 and 3% finance. I thought it was a staggering deal, and the bike felt great to me. The 4 year warranty offset the 'made in China' in my head, but have I made an enormous mistake?
PS only just watched your previous video and quite the coincidence... The dealer said one of the reasons the bike was so cheap (£5,800 at launch, which was cheap to begin with) was upcoming Euro emissions being brought in. He said December this year.
As a financial rule of thumb, if the interest rate is 3% or less, then it is better to take the finance than use your own money. The capital you would have laid out (rather than the monthly payments) can then be used to make back the 3% interest you will be paying over the period. But that assumes you look at money with active investment rather than passive investment 👍. I think you have a good deal 👍
Fascinating re the Euro emissions!😳
Another good way to reduce your insurance costs is to take an advanced motorcycle test with either the IAM or ROSPA. I got a £60 reduction in my premium when I advised the company from whom I has received a quote that I am an IAM advanced rider 😀
I’m an IAM biker and when I mentioned this to an insurer they’d never heard of IAM!
hi with regards suzuki i have picked up a brand new vstrom 800 re for £8000 with the mentioned service activated 7 years warranty its a no brainer looking forward to touring spain and Portugal at the end of august
I have a 9x7 Asgard metal garage, plenty of space for 2 bikes plus a workbench across the back, very secure with a built in anti pick lock, I would highly recommend one.
@California_Blue got two in my garden and a car outside. lots of people have multiple bikes - just not the economy for people to be buying luxuries.
If you had a TAD sticker you could cover the scratch.
Yes, I came here to say this - a Dobbs sticker would cover it nicely, and he could sell the rest.
'Bullet-hole' sticker? : )
Bennetts also provide garage status for a wooden shed with concrete base.
You’re dead right about shifting a bike if you’ve over-priced it. I’ve recently sold both of my high-end - but popular - bikes within a couple of weeks. The price I advertised was a bit lower than anything else on AutoTrader, and yes, they sold to a trader, but without any significant haggling. I can see a few private sales for the same models I sold, but £2,000+ more, that were there when I advertised mine, and are still for sale on AutoTrader. The real issue is that there are significantly more bikes for sale than prospective buyers, good weather or not, and if it is not desirable or rare and it’s not the cheapest bike it’s going to struggle. With a few exceptions finance is not that cheap, and I wonder whether many prospective buyers aren’t as keen to have a finance agreement running when the cost of living is still uncertain.
I do sympathise Ian, I also own a RE 350 Meteor which is now £1000 less than I paid in 2022. I didn't trade it in because I'd rather keep it than sell at the current low second hand price. Sometimes you win but more often than not you loose
Re garage - I have both bikes in my private garden which is private property - £100 discount a year
Along with the laptop scratch...wish you'd sa Tuesday at Dobbs..not Dobbsies.....😂.......keep up the fantastic content...pleased for you with the jeep....👍🏼
Those steel sheds will sweat like mad. Condensation with ruin your bike over winter.
They'll need heavily insulating.
You can't get around a brick construction. There's no cheap solution with a steel box.
Regarding the Ducati Scrambler 1100 service cost, I have the Sixty2 version yes I know it's a simpler machine than the 1100 but the principle is basically the same for changing the belts, plenty of 'how to' videos on RUclips or links to highly experienced independents who would complete any work at a fraction of the cost of the main dealer.
Before I bought my Ducati I did some research about belt changing, oil & filter changing and any other work, nothing to be scared of and they're pretty reliable as well.
Auto Trader is pretty good for private sellers I have sold a couple of bikes through them in the last few years and would also buy privately. One just needs to use good judgement either way and do the usual checks.
Sellers are also to blame for selling issues, when I was recently looking I watched a local bike being re-advertised weekly so it did nto say for sale for 13 weeks etc etc , prcie went up and up throught he summer. I messaged and asked if the seller was open to offers and got a very short no. So I bought from a decent seller and had a great deal, that is a deal both parties are happy with. The bike I did message is still for sale ! as are a few of the others I was watching! Sellers are often being unrealistic as tp the real value of their bikes!
Hi Freddie. I’ve found nowadays that insurance companies won’t cover your bike on the drive. I have garage storage for my bikes but if I stop home and park the bike to into my house for whatever; the bike isn’t insured unless it’s 500 mtrs from the house how crazy is that 😏😏
Hahahaha … Explaining and apologizing to people bitching about a ding in the lid of the computer … it’s why I subscribe…
I keep my bike in the back garden full comprehensive insurance protected no claims £109 last November
I wont be looking on MCN for my next bike. I dont buy used bikes from dealers. Very very few add value.
Sort of on topic. On the subject of market place being overpriced with chancers. I buy vintage camera lenses from a local cash converters for a fraction of the price on FB. Example my latest £10 buy from a shop will cost £40-£50+ on FB.
I used to buy a few cars from auction every year and there was a good margin but around 2005 the auction prices were just about the same price as the forecourt so the small dealers have to look elsewhere
My Meteor 350 is garaged and the annual insurance is £55 fully comp'.
Incredible price, is that for 100 miles a year?!
A bit of haggling would get the price down, that’s shocking.
Warranties. Some warranties are offered by the dealership not the manufacturer. This means you have to go back to the dealership who may charge more to keep the extended warranty alive.
I own a Kawasaki Versys 650 , 2015 from new, 32k miles and totally reliable. Used for travels and motorbike instructing daily. So good, I now have two.
Warranties, beware!
You can smell the KTM Corporate fear about this current debacle.
PCP over the past decade has flooded the market with low mileage, second hand bikes - it was inevitable.
virtually ALL the vehicles, 2 and 4 wheeled, I have bought since the advent of broadband, have been from eBay! I have travelled the length of the UK for a £600 500cc bike! I've never been screwed, but have been foolish over lack of research, getting emotional over purchases, and not "walking away" when I should have!
ALWAYS get a bargain, even if the purchase was a foolish one!
I you know what you are looking for, ...looking AT, and have a STRICT control of budget and your bidding, you will ALWAYS find something you can be proud of! Make sure you PLAN insurance, tax and any "getting it on the road" expenses, PLUS make sure time doesn't force you to make rash decisions, and you'll come home with some EXCELLENT PURCHASES!
EVEN INVESTING IN A VAN AND/OR TRAILER WILL SAVE YOU HUNDREDS!
Know your subject and NO-ONE will pull wool over your eyes!
if you buy through a wheels group dealership, like I did for my Kawasaki Z650RS if they service it they give you a lifetime warranty, allegedly the same as the manufacturer - they also do Honda and MV Agusta - more food for thought - servicing seams reasonable too
Does Bennetts insurance, et al, think we all live in California? I have a garage, a 'man cave' and, in addition, living accommodation. It's called a terraced house. I shall use the solidity of the construction to confound my insurers and get primo rates.
Freddie I wonder if there is simply a fundamental problem of over supply of bikes for the size of market of riders. We are seeing a lot of absolutely mint bikes that are 20 years old mostly because manufacturing and materials technologies in the last 20-30 years has meant many bikes that are kept even moderately well are just lasting seemingly indefinitely. Manufacturers old and new, are still producing many many many machines, and people are still buying new at cheap finance rates. It's a glut; A flood; a Feast; Chow down and pass the sauce.
I think Suzuki’s finance deal is good, or at least fair. What they might have realised is that PCP deals mean the actual outright cost of a bike doesn’t matter to many, what matters is the monthly payment and if that’s the same but the final payment is more they’re fine with that. A cracking HP deal however gives people pause for thought.
Freddie I was with my local BSA dealer here in Alicante this week, Euro 5+ come in with stricter rules 2025. They are preparing the bike that do not meet it for pre-registration to allow them to sell them. Hopefully I can pick up A BSA gold star 650 cheap !
Fascinating!
I live in central London, always parked my bike on private property secured by a ground anchor but was forced to start street parking a few years back, my insurance went from just over £800 a year to £450..... The only way I can explain it is maybe more bikes are stolen that are listed as "on private property" as owners think they are safer and use less security.
Wow!😳
MCN the most respected motorcycle publication? Only in its own imagination. I've been reading it for almost 50-years. It's just about OK, no more than that. I suspect its ban on private sales is down to dealers not wanting (lower) private prices making their stock look expensive. All markets rise & fall, a bike is now mainly a discretionary purchase and due to the impact of the cost-of-living crisis people don't want to spend so much - or anything at all. That's life.
Try your Paint touch-up skills on the laptop lid...
I got to ride the 8s last year at a Suzuki demo event and it's amazing. In that middleweight section I don't think anything else even compares, maybe the Duke 790 but I'd take the Suzuki for obvious reasons, reliability and it's cheaper. I have a 2013 Ninja 650 which is very similar to these bikes but with the fairing. I would like to ride the 8r or even be able to sit on them side by side at a dealer.
I recently sold an 800 Tiger. Bike trader, no response. Marketplace, just messages from time wasters.. eBay, lots of response and interest, sold for £4000, ended auction early to miss eBay commission.
Bought a later Tiger from a trusted local dealer.
At £150 a year discount that shed is 11 years of storage to break even…even 5 years seems steep.
Although context is everything. My £700 bike can happily live outside. If I’d just dropped £8k on a bike I’d probably be keener to protect it from the elements. Plus justifying it to your partner is probably easier!
@@andrewhenderson6256 both of my 8 grand bikes sit outside under proper covers and the weather has no impact at all. All I want a shed for is maintenance!
Put a sticker on it to cover it or some silver paint job done
Just bought bsa gold star for £4300, new unregistered. A massive £2200 discount from original release price. Like most I did consider the triumph 400's but don't think they are suitable for any real touring due to vibs. I guess I owe thanks to Soltire Motorcycles Edinburgh, BSA and of course Triumph for creating such a massively competitive market. Just hope all manufacturers survive it. Trev
As I bought mine on the 1st of March 2023 and paid the then price i am far from happy with the way it's now been discounted and ruining second hand values.
KTM has always been garbage motorcycles.
Camshaft failures have been much publicised as KTM have a rubbish support attitude and blame the rider for chocolate camshafts.
I had a Husky 401, broke down twice within 50 miles. Also had a new Speedo, exhaust, and fork stanchions within the first year under warranty. Never again, bought a super reliable and boring honda instead
I am guessing the metal garage dont come with a concrete base....extra cost. Will the KTM issue also have repercussions for the well reviewed and value package of the CF Moto 800cc bikes if they are using the "same" engines?
This is the fascinating point re CFMoto. Concrete base- hmmm… I did overlook this
You seem to have caused quite a stir with your KTM reporting especially from owners of Chinese bikes with the KTM engine. The Bingley Wheeler seemed particularly upset being a brand new owner of a C F Moto 800.
I’ve just heard about my increased unpopularity… I will go into hiding for the next few weeks!😆
KTMs styling and reliability may have had an effect on their sales, moving manufacturing to cheap factories in China etc. hasn’t helped. As for low mileage have you ever sat on a KTM seat? 😳 I owned one for three and a half years and sold it with extremely low mileage, an hour before a break and an hour home again maximum.
I know of another channel who claimed that you, Freddie over hyped the problem with the KTM and that it's small numbers compared to the overall number of bikes out there, also he seems to be convinced that they sorted it out by 2020 but personally I'm not sure🤔
Yes the Bingley Wheeler wasn't happy at all was he.
@@ianhalliwell8604 tbh I think I wound him up by banging on about the possibility of a link between KTM engines and the one's used in Cfmoto, I kept commenting and he seemed to get a touch irritated 🤷🏻♂️
Strangely enough Kevin I did the same and he was getting a bit techy by the end of our conversations.
@@ianhalliwell8604 as I said hope it doesn't but I guess only time will tell with the cfmoto engine, can't deny they are cracking bikes but with literally no long term info on em it will be a wait and see situation, dave is banking on the warranty
Very interesting and thanks for highlighting this, Kevin. There have been a lot of people with 2022 and 2023 complaining of these engine problems, so I don’t think it’s fixed. But I hugely sympathise , because it’s not a nice situation for owners
Maybe bikers looking to sell (and buy) should do what farmers do and offer face to face 'Bike Markets' a few times a year on open land around the country. Owners would stand beside their bikes for sale and offer an honest scam-free environment in which to trade. Some bike clubs maybe already offer this in some way.
Hi Freddie, where did you get that stand for your phone?
Quad Lock:)
@@tuesdayatdobbs thanks.
Live in apartment complex with under ground secured basement parking with CCTV $175 AUD discount
Freddie tbh unless I know the seller and the bike ,I'm not buying from a stranger. With a dealer you get warranties and such...
I think KTM has their heads where the sun doesn’t shine..just think what there brand would have been like if they hadn’t pulled their sponsorship from McGregor and Borman around the world..BMW has since established the GS as the ideal marque for adventure motorcycles and they have sold a ton of them..I just went to the bmwmoa annual rally in Oregon, out of 5000 BMW’s probably 4000 of them were GS’s! Meanwhile KTM struggles..
Hello Freddie Sonny from USA libed in Thailand for yrs if a bike or car is imported their is a 200 percent markup plus since Covid importing has been banned on cars and bikes a main reason y I moved back to the states now looking for a new place to stay ps talked w Ian from varralls he is looking for a bike 4 me great show keep m coming 🎉
I have a gsx-8s, if you ever want to ride one let me know
With the older bike MK1 bandits etc whenever you look on marketplace they are all overpriced. I get it people want some money back but why would you pay £2000 for an old bandit when you can maybe save another £1000 and buy a 4-7 year old bike instead
Ive only used EBay for selling my bikes always sold them
Put them on an auction ending on Sunday night
Lucky for me My Garage is part of the house even has a radiator and utility room in it. When we brought the house many years ago it was the Garage that sold it to me. Add to this i live in a low risk post code my fully comp ins for 3 Bikes 1200bmw Thruxton r And a classic Honda 600 lmf is £339. Also helps being over 60.
More Crap than News 😂
Years ago we had UBG, the Used Bike Guide. What a mag that was.. If only..
Does the cfmoto have the ktm engine??
they use the same engine, or in some cases a licensed version of other engines ( like a decade old versys engine)
bike trader (auto trader)
2:58 auto trader maybe 🤷🏻♂️
KTM destroying their already shoddy reputation for reliability and customer service.
I simply don't understand why KTM sells?
The recent history is so "bad"
Lot's of other ADV type bikes are out there.... for similar or less cost.
My Triumph & Guzzi are going well! 😂
🏍 So MCN are in the pocket of the dealers?
Hi Freddie, everyone moans about ducati servicing and belt change costs but surely thats a price you pay for owning and riding the most premium motorcycle brand in the world. I have owned over 70 different motorcycles and have owned a Ducati and they are very special and worth every penny. Just like Harley's they give you that indescribable feeling that no other brand can give. In my mind its like owning a ferrari and complaining that Audi R8's are cheaper to run. Both amazing cars and brands A ferrari just like a Ducati is expensive to own but my goodness, they really are worth it.
THOSE TIN SHEDS ARE AJOKE I HAVE ONE YOU COULD BREAK INTO THEM WITH A KNIFE AND FORK SO HERE WE GO YET AGAIN A LOAD OF B .... NONSENSE !!
I'm not even sure these bikes would even sell for a few grand now. These are all toys and old cheap bikes the people who would have normally bought them are wincing at filling the car up with fuel and barely scraping money for groceries. On top the weather is worse than ever and people are to busy working to go out riding.
People are geting Cold feat and are djmping their ktm's
First
Suzuki must take first prize for uglyest bikes
Inflation, inflation, inflation. Price volatility is terrible for both producers and consumers. As inflation affects input costs for the manufacturer and consumers ability to buy their product is reduced, it becomes a seesaw of trying to raise prices to cover costs, whilst simultaneously trying to reduce prices to attract new buyers- clearly a conundrum. Rounds of cost cutting and eventually the collapse of the company become inevitable if the economic climate does not stabilise. It’s why there is so much interest in Indian and Chinese bikes - they have huge home markets, relative market stability and therefore they produce low cost, budget machines, which more closely match the stretched western motorcycle consumers pocket.
Things were bad in 2008 during the crash, they never recovered, Governments just printed money hoping to paper over the cracks. Then the West committed Covid suicide, shutting down everything for 2 years and pumping additional billions into the growing paper mountain. Manufacturers experienced a mini-boom as all that paper changed hands, but as in all things, there is no free lunch. They expanded, increased production, invested in new models and filled dealers showrooms with stock, then the tide turned and things went sour. The market of boom, turned to bust. It’s not just motorcycles, it’s everything. We appear to be heading for a deflationary crash at a rapid rate.
Hi Freddie, with ref. to keeping your bike in a garage, I’ve got a Harley 48 115th Anniversary, in the T’s&C’s of my insurance policy if my bike is at my normal residence it has to be in my garage between the hours of 10-00pm & 6-00am or I will have to pay an additional excess on top of my normal excess if the bike was stolen.
Fortunately I have got a decent garage attached to my house.
Great show 👍👍👍