Post-DAS first bike question...
Discussion
Hi guys,
This isn't so much a 'what bike?' question, but more a financial question I haven't quite been able to work out!
I've owned cars for years and am fairly familiar with the price drop you tend to get once you've bought from a dealer then sold privately, but it seems to me the price differences between new bikes and used bikes (at least with ones 2-3 years old) seems fairly marginal? I've been looking on eBay and Biketrader, but I'm not sure if I'm just not looking in the right places or not?
Equally - it seems some bikes (for example a 2011 CBR600F) will sell for around 4k, but a 2016 CBR650F would be about 4.5k, with similar mileage etc. Is it just that because bikes are inherently cheaper than cars they kind of hit a lower ceiling for price and stay there, or are a lot of older bikes overpriced in relation to the newer ones?
Thank you in advance - a slightly random question I know!
This isn't so much a 'what bike?' question, but more a financial question I haven't quite been able to work out!
I've owned cars for years and am fairly familiar with the price drop you tend to get once you've bought from a dealer then sold privately, but it seems to me the price differences between new bikes and used bikes (at least with ones 2-3 years old) seems fairly marginal? I've been looking on eBay and Biketrader, but I'm not sure if I'm just not looking in the right places or not?
Equally - it seems some bikes (for example a 2011 CBR600F) will sell for around 4k, but a 2016 CBR650F would be about 4.5k, with similar mileage etc. Is it just that because bikes are inherently cheaper than cars they kind of hit a lower ceiling for price and stay there, or are a lot of older bikes overpriced in relation to the newer ones?
Thank you in advance - a slightly random question I know!
I like buying bikes with about 2000 miles on them and all the accessories I want. A lot of people don’t use their bikes much. You can get almost new for a lot less with stuff like crash bungs and luggage already fitted. Accessories add very little to the price of a used bike but can be expensive if it is you rather than the previous owner paying for them.
Consumables last a lot less miles on a bike than a car and cost more proportionally.
New quality tyres and chain / sprocket go a long way on a used bike.
As they tend to do a lot less miles a bike with 30k miles on tends to be in the same bracket as a car with100k.
It depends a lot on the type of bike. A new model hyped up in the press will loose loads imo. Think £11k list down to £6.5k trade in 18 months later with less than 5k miles.
However if you look at a run of the mill bike in the £6k range new it’s got a good chance of still being worth £4K three years and 10k miles later.
New quality tyres and chain / sprocket go a long way on a used bike.
As they tend to do a lot less miles a bike with 30k miles on tends to be in the same bracket as a car with100k.
It depends a lot on the type of bike. A new model hyped up in the press will loose loads imo. Think £11k list down to £6.5k trade in 18 months later with less than 5k miles.
However if you look at a run of the mill bike in the £6k range new it’s got a good chance of still being worth £4K three years and 10k miles later.
Awesome - cheers for the replies. It supports what I was thinking, that maybe buying a slightly older but still nice bike about the 4k range will probably not lose as much as a more expensive hyped up thing.
A few people have said the 600F is very different to the 650R, I know the F is more like a hornet with fairing and has a bit more power than the 650R, what else is different?
Thank you
A few people have said the 600F is very different to the 650R, I know the F is more like a hornet with fairing and has a bit more power than the 650R, what else is different?
Thank you
The pricing / depreciation is nothing like (most) cars
I've bought 5 bikes this year 2004-2016 and when I'm researching them I'm finding most cost almost the same 10 years ago !
I bought the 2016 KTM because it was £1k more for an 8 year newer bike with ABS, more power, better dash etc it seemed like a no brainer - equally that is 1/3 more and you could buy a far faster bike, for less.
I've bought 5 bikes this year 2004-2016 and when I'm researching them I'm finding most cost almost the same 10 years ago !
I bought the 2016 KTM because it was £1k more for an 8 year newer bike with ABS, more power, better dash etc it seemed like a no brainer - equally that is 1/3 more and you could buy a far faster bike, for less.
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