OTD price new vs used

[chickenfried]

I swear I searched before posting...

Comparing new vs used, used doesn't seem that great a deal. But maybe my price comparison isn't totally equal. More fees/taxes would be tacked on a new bike from a dealer right? Say $3500, 4500, and 5500 advertised price bikes what's the typical OTD price?

 

[ichabodnt650]

Add 10% (9% sales tax + $400 delivery fees if new)

 

[usedtobefast]

Are you talking used at a dealership? Or on craigslist? Or Barf?

Some goofs on CL seem to forget you still gotta pay DMV taxes and registration fees ... like a $5,000 used bike will still cost you ~$500 to register at DMV.

For a new bike, pricing depends on the market excitement for the bike.

Say you wanted to buy a Honda CBR500R ... nice bike, been around a bit, no one super excited about them now, let's say a dealer has 4-5 of them, you should be able to get that OTD for the MSRP price or a bit below MSRP.

Then take the new Ninja 400 ... hot new bike, lots of excitement, probably deposits will be put down with guys waiting for them to come in, so the dealers will not discount this one, or knock off fees, so it will be MSRP+fees+taxes+DMV fees+++.

 

[chickenfried]

Either though I prefer a dealer.

cb500 is an apt example. used people seem to want 4000-4800 for a non-abs cb500f with miles on it. I can find previous year's cb500f w/abs for $5400 advertised price new from a dealer.

Are you talking used at a dealership? Or on craigslist? Or Barf?

Some goofs on CL seem to forget you still gotta pay DMV taxes and registration fees ... like a $5,000 used bike will still cost you ~$500 to register at DMV.

For a new bike, pricing depends on the market excitement for the bike.

Say you wanted to buy a Honda CBR500R ... nice bike, been around a bit, no one super excited about them now, let's say a dealer has 4-5 of them, you should be able to get that OTD for the MSRP price or a bit below MSRP.

Then take the new Ninja 400 ... hot new bike, lots of excitement, probably deposits will be put down with guys waiting for them to come in, so the dealers will not discount this one, or knock off fees, so it will be MSRP+fees+taxes+DMV fees+++.

 

[dowlinginchico]

To find a good deal on a specific used bike takes a long long time. You need to have the money set aside and also need to be able to jump on it FAST. All of my used bikes are FAR cheaper than new, yet all of them have 2000 miles or less. Put it this way, they were 50% or more off the new price. Barely broken in. However, you are taking a chance.

 

[mrzuzzo]

yeah, a lot of sellers on CL don't get that the buyer still has to pay tax and DMV fees.

For example, a new Grom is about $4K OTD, which means it doesn't make sense to buy a used one for $3.5 because price will be same after fees + you have to waste your time going to DMV and you won't have full one year of warranty.

Of course you can try to cheat the tax and write that it was sold for 500$ on the bill of sale but it seems a bit fishy to me..

 

[sckego]

Say you wanted to buy a Honda CBR500R

I bought one of these (500F) last year. MSRP was $5800, I think, and it was a year old leftover model. Dealer had it advertised at $4900. I walked in an offered $6k OTD, they accepted. The paperwork was written up as sold at $4100, with $1900 in taxes and fees.

Meanwhile, used models on CL were all going for close to $5k. Add TTL on to those and I would have been paying damn near the same price for a used bike.

 

[295566]

I bought one of these (500F) last year. MSRP was $5800, I think, and it was a year old leftover model. Dealer had it advertised at $4900. I walked in an offered $6k OTD, they accepted. The paperwork was written up as sold at $4100, with $1900 in taxes and fees.

Meanwhile, used models on CL were all going for close to $5k. Add TTL on to those and I would have been paying damn near the same price for a used bike.

Jesus fuck, $1,900 in fees for a $4,100 bike? That's a 46% tax...

 

[Schnellbandit]

Its not the used bike sellers job to even think about the fees the buyer has to pay.

Good used bike deals are available all day long, any day but no one is going to hand it to you. You also don't need to jump when you see a good deal, they made more where that came from.

Some ads are poorly written and have bad pictures. Go look. If you think that everyone is out there making a great ad just for you with a bike that has a fantastic price, like new condition and a discount because you have to pay reg and tax, hang it up.

 

[mrzuzzo]

I bought one of these (500F) last year. MSRP was $5800, I think, and it was a year old leftover model. Dealer had it advertised at $4900. I walked in an offered $6k OTD, they accepted. The paperwork was written up as sold at $4100, with $1900 in taxes and fees.

Meanwhile, used models on CL were all going for close to $5k. Add TTL on to those and I would have been paying damn near the same price for a used bike.

I feel like it's like this for most near-new/used Hondas. Used and new prices are almost same.

If you take Ducati as an example, they lose a ton of value on the used market right away.

 

[chickenfried]

never wrestle with a pig...

Its not the used bike sellers job to even think about the fees the buyer has to pay.

Good used bike deals are available all day long, any day but no one is going to hand it to you. You also don't need to jump when you see a good deal, they made more where that came from.

Some ads are poorly written and have bad pictures. Go look. If you think that everyone is out there making a great ad just for you with a bike that has a fantastic price, like new condition and a discount because you have to pay reg and tax, hang it up.

 

[Schnellbandit]

:rolleyes

There is no typical price, new or used. Why the eye roll or do you think there is some standardized pricing for used or new bikes, dealer or private party sale?

Even new, dealers charge what the buyer is willing to pay and you can find one dealer selling the same model of bike as another for a lot less or a lot more than other dealers. Used, its market driven and if all you do is look at ads and figure that is any representation of selling prices, well just isn't true.

 

[chickenfried]

never wrestle with a pig...

 

[Schnellbandit]

Read your OP, you didn't ask for advice, you wanted typical selling prices and then gave three examples without even bothering to give examples as to the brand, model of bike, time of year (makes a big difference) etc.


The comment about not jumping to buy is right on, while you might get a certain bike you will probably pay too much for it, getting wrapped up in the emotional aspects of the purchase. Unless its a collector bike, every bike you see is just one many and it's almost guaranteed that if you miss in it, a better one will show up.

Its well known that certain times of year are better for buying bikes than others. Different brands release their incentives at different times and they can make thousands of dollars in the difference of the selling price. Dealers will compete with dealers in another state.

But how, without knowing some specifics as to brand and model can you expect a typical price when no such thing exists?

What is the typical selling price of a $25,000, $35,000 and $50,000 pick up truck? No such thing. What is the typical selling price of a 2017 Dodge Ram 1500 Laramie with the 5.7 liter V8 and (list options) and then sure, maybe a guesstimate price. Even then, that can vary by thousands depending on the dealer and jist as much, you, the buyer.

 

[NorCal_SV650S]

buy your new bike through Costco...boom...mind...blown...

 

[sckego]

buy your new bike through Costco...boom...mind...blown...

Tried that with the CB500f mentioned above. They wouldn't give a firm quote over the phone, but promised "less than $6k OTD." Drive all the way to SF, ready to buy, they come back with, "oh, that OTD price was only for bike and dealer fees. TTL is in addition to that." I walked out, stopped by East Bay Motorsports on a whim, told them that if they could do $6k I'd buy it right then, and had a bike in my truck two hours later. Beat the Costco price by a few hundred.

 

[Schnellbandit]

If you can, always get any stated price in writing (if a dealer).

Just imagine though, how many people call dealerships asking if they'd take $x for a bike. Haven't we all had this happen when posting an ad, always the "I'll give you $x" and you just know its BS. Not saying bait and switch is ever justified but that is why you ask for an email or text to confirm. If you are serious just tell them you're headed their way but only with confirmation. Lots of dealers will go along and send it.

Just remember, if you ask for a best price it often sounds like you're just looking. Know your price and be willing to walk away if they don't match or beat it. Then remember to walk if they don't.

 

[Honey Badger]

At least in the world of supersports, used bike prices are retarded. I've seen people thinking that a 10+ year old bike is worth half of a brand new out OTD. Newer, used ones seem the best deal if you can wait around for one/have the money sitting around.

As to other bikes, you can find good deals if you look around. My sister got a pretty decent Ninja 250, 6 years old I think, reasonable miles, seller seemed pretty honest for less than $1500, and that's INCLUDING the new tires she had to get for it and a couple other little things it was due for. Sure, she had to shop around for awhile, but she wasn't in that big of a rush, and landed a good deal.

Kinda just did the same thing myself and a friend was letting go his copy of exactly what I wanted for a deal I couldn't pass up.

 

[ctwo]

There is no typical price, new or used.

Not sure if KBB or Nada was mentioned, and then there is MSRP. So perhaps there is some basis... and then there are the free ones.

Lately I've gone with new bikes and came with 85% of MSRP cash OTD offers on 1 year out of production models, and it worked out eventually. But I was not buying the most popular bike.

 

[matjam]

Look for a 2015 or 2016 model being sold in December. Dealers are super keen to get rid of floor stock thats a year or two old.