High mileage sportsbikes
Discussion
Has anyone traded in a high mileage sportsbike? How brutal is the impact on value when it comes to part exchange?
I bought my latest bike just over ago year with 5k miles and have averaged a thousand miles a month since then. It’s now approaching 18k miles. Can’t decide whether to keep it for another year? Really happy with the bike but concerned 18k miles is just about passable to not get insulting offers if I trade in now.
30k miles? Is that trousers down time?
I bought my latest bike just over ago year with 5k miles and have averaged a thousand miles a month since then. It’s now approaching 18k miles. Can’t decide whether to keep it for another year? Really happy with the bike but concerned 18k miles is just about passable to not get insulting offers if I trade in now.
30k miles? Is that trousers down time?
UnluckyTimmeh said:
What bike is it? Age condition out of 10 etc
I can get some trade bids & book prices for you if you like so you have a rough idea?
That would be very very helpful if you don’t mind the hassle. Cheers fella.I can get some trade bids & book prices for you if you like so you have a rough idea?
2012 848 Evo Corse. Fully serviced etc etc. as it’s used daily not a garage queen I’d go 9/10 but nothing to report beyond a few stone chips and the odd scuff.
I was being light on details as hoping to gain a bit of general knowledge of the sportsbike market. If I walk in to a dealers I’m guessing any good salesman will tell me I need to change now as in another year with 12k extra miles it’d be worth 2p!
Jazoli said:
I really don't understand the fear of mileage, if you like the bike keep it and use it, any 'value' you may lose surely will be saved by not having to buy a new bike??
I don’t either, but there doesn’t seem to be many high mileage sportsbikes about at all. The lost value vs cost of a new bike is exactly why I asked the question - trying to work it out to help the decision Jazoli said:
I really don't understand the fear of mileage, if you like the bike keep it and use it, any 'value' you may lose surely will be saved by not having to buy a new bike??
Correct answer.All of my sport bikes have gone from low mileage to high mileage in a short period of time (2-3 years) ... the difference in px value between them via average / high mileage was approx. 20% ... which meant via the cost of replacement it was sod all.
If your confident in reliability of it, keep it and maintain it. All of my sport bikes have gone over 30,000 miles.
Mr OCD said:
Approx 20%
Perfect, thanks. So in all probability not quite enough to cover the dealers margin on buying another. Hanging on to it sounds like the head and heart answer- good stuff.
I guess my fear was that at the moment my bike would look great in a shiny showroom with a little over average miles, so I’m pretty sure I’d get some passable offers as they’d want the bike to sell. In another year with 30k they might not, as it’s not typical stock. So it’s an offload it somewhere else in the trade deal, and there could be a bit of a cliff in the value. But sounds like that’s not the case.
Ta
rapide said:
UnluckyTimmeh said:
What bike is it? Age condition out of 10 etc
I can get some trade bids & book prices for you if you like so you have a rough idea?
That would be very very helpful if you don’t mind the hassle. Cheers fella.I can get some trade bids & book prices for you if you like so you have a rough idea?
2012 848 Evo Corse.
Forgot to say, achieving a 1000miles a month on that bike is astonishing , you should be rewarded on your efforts with a high price, probably the most uncomfortable bike I have owned, I achieved 700 miles in a year
Edited by mak on Friday 16th March 09:59
Im with Jazoli logic; the more you use it, the cheaper £ per mile overall, the more VFM you get out of the vehicle.
If you own something 3 years doing 1k mile a year its a real expensive toy that you dont get much use out of.
Buy it, use it, enjoy it...if you try to sell private the mileage may limit your potential customer base and some will always try to knock you down on price due to mileage, so just accept you will get trade price at a dealer and get on with using it.
If you own something 3 years doing 1k mile a year its a real expensive toy that you dont get much use out of.
Buy it, use it, enjoy it...if you try to sell private the mileage may limit your potential customer base and some will always try to knock you down on price due to mileage, so just accept you will get trade price at a dealer and get on with using it.
BuzzBravado said:
I used to think high mileage sportsbikes would have worn gearboxes, purely based on the way i see them get treated. 30k+ miles of bashing through the gears as hard as possible must have some effect on the poor box.
Not really. Those high mileage sports bikes will typically be used for commuting / longer distances and unlikely ridden 'hard' therefore will not be bashing through the gears as you put it - certainly not with the pace of 1000cc sport bikes these days!Mr OCD said:
Not really. Those high mileage sports bikes will typically be used for commuting / longer distances and unlikely ridden 'hard' therefore will not be bashing through the gears as you put it - certainly not with the pace of 1000cc sport bikes these days!
Agree with this, all miles are not created equal.That said I’m a hypocrite as I’d not buy a high miles bike myself. If you’re only saving 20% it doesn’t seem worth it when there are so many barely used examples out there just waiting for the likes of us to enjoy.
That’s not a dig at the garage queens, I’m very grateful of 1st owners and can totally see the enjoyment in doting over a special days only bike.
mak said:
That's the kicker right there, its a ducati and is classed differently in the second hand market to jap bikes on mileage, I had my 848 evo 2011 bike up for sale for months a few years ago with 11k miles , It was immaculate and the cheapest on ebay but it was a long slog. Beautiful bikes though . Good luck with the sale though.
Forgot to say, achieving a 1000miles a month on that bike is astonishing , you should be rewarded on your efforts with a high price, probably the most uncomfortable bike I have owned, I achieved 700 miles in a year
The Italian thing was also part of the fear - but I’m not sure if the above is based on an old stereotype / perceptions, or if it actually rings true when it comes to partex - hoping to find out. They’re just mass produced bikes like any other nowadays, so you’d hope the market has picked up on this?Forgot to say, achieving a 1000miles a month on that bike is astonishing , you should be rewarded on your efforts with a high price, probably the most uncomfortable bike I have owned, I achieved 700 miles in a year
I’d not sell private myself, I know you lose money not doing and congrats on putting the work in.
Erm, thanks, on the mileage. I don’t find it uncomfortable to be honest. I’ve got long arms and legs, think that helps. It’s an eccentric mix of Sunday runs and weekends away, a Europe trip, couple of trackdays, and commuting.
rapide said:
That said I’m a hypocrite as I’d not buy a high miles bike myself. If you’re only saving 20% it doesn’t seem worth it when there are so many barely used examples out there just waiting for the likes of us to enjoy.
That’s not a dig at the garage queens, I’m very grateful of 1st owners and can totally see the enjoyment in doting over a special days only bike.
Agreed ... I won't buy high mileage simply as I'm a 'bit' fussy with bike condition, That’s not a dig at the garage queens, I’m very grateful of 1st owners and can totally see the enjoyment in doting over a special days only bike.
it needs to look like new. That is important to me as most high mileage bikes are rarely mint condition as have been used in all weathers and it shows when you look closer unless maintained to a very high standard, hence everything I've bought in the last few years has had less than 5,000 miles on it. Some people aren't fussy as it is just a tool - that is fine, but those same people won't consider high mileage ... for 20% difference I'm not surprised - if the discount was 40-50% I suspect the mileage would be less of an issue.Low mileage also means less chance of previous owners messing about with it or being careless with maintenance creating reliability issues. As you say for the sake of a few hundred quid I'd rather buy a nicer example, even if it was a bit older.
Regardless come new bike time I just PX the high mileage bike and take the hit. As an example my old grey 5VY R1 I purchased for £3800 from a dealer... nearly 3 yrs later it had 33,000 miles on the clock and I PX'd it to a dealer for £3200 ... so a loss of £600 and enjoyment of nearly 30,000 miles ...
Cheap motoring in my book
The cost and immediate depreciation of a new bike will far outweigh the depreciation of a few thousand more miles on your existing bike. Yes your existing bike will be worth less than a similar one with low mileage, but not that much less.
A bike with a race livery scheme that’s non-standard with low mileage will probably be worth less than your higher mileage standard paint bike.
A bike with a race livery scheme that’s non-standard with low mileage will probably be worth less than your higher mileage standard paint bike.
Dog Star said:
I don't understand why people think 20K on a sportsbike is a lot; quite a few of my mates have run bikes to well over 100K, in fact one has an R1 that tipped over 100K several years ago. Obviously it will be worth zilch now, but it goes to show that they'll do it.
Completely agree. My HP4 is 5 years old now and has c15000 miles on it. That’s only 3000 a year, so hardly excessive, but those miles do stack up quickly. Dog Star said:
I don't understand why people think 20K on a sportsbike is a lot; quite a few of my mates have run bikes to well over 100K, in fact one has an R1 that tipped over 100K several years ago. Obviously it will be worth zilch now, but it goes to show that they'll do it.
Completely understand your sentiment. The issue is that ‘a lot’ is relative to the ‘average’ sportsbike bike, which judging by the majority of what’s on sale, sits in a garage being polished. Great to hear of 100k plus mileages though.
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