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Motorcycle Forum / General / Motorcycles / April 2008Reselling stock bikes with lots of aftermarket parts
Just an observation... there is a guy selling an '03 VTX1800 for $16,500. He's got $25K into the bike (counting the cost of the bike itself). New VTX1800's go for about $15,000 if bought locally or $12,000 if bought at lower priced places like Southern Powersports in Chatanooga, TN. So if you're after a VTX1800, you can get a brand new one (albeit without all the extras) for say an average OTD of $14,000 or a 5 year old, used one for $16,500. I see it time and again, used bikes selling for more than new ones, possibly for the following reasons: * owner has added so much in aftermarket parts or custom paint * owner got suckered on the original buy and financed more than the bike should have cost Adding in thousands of extras doesn't net you thousands of dollars upon resale. IMO, you're better off stripping the bike back to stock and reselling the parts - you'll usually make more money. Anybody had this experience - putting so much into a bike to make it your own that you take a big hit upon resale? I'll bet we've all done it to varying degrees. Greg > Just an observation... there is a guy selling an '03 VTX1800 for > $16,500. He's got $25K into the bike (counting the cost of the bike [quoted text clipped - 24 lines] > > Greg I have no idea what you are talking about. > I have no idea what you are talking about. I think I do... I've seen lots of ads reading something like this: "05 Heritage Softail Classic loaded with aftermarket goodies; $25,000 invested, asking price $15,000" Obviously the $25k was an investment in fun, because it sure doesn't seem to pay off financially. SQ > tomor...@erols.com wrote: > > I have no idea what you are talking about. [quoted text clipped - 6 lines] > Obviously the $25k was an investment in fun, because it sure doesn't > seem to pay off financially. (Opens bag labeled "Wry, gently self-mocking, emoticons") Oh, I seem to be fresh out. That explains it. (Closes bag and goes emoticon shopping....) > (Opens bag labeled "Wry, gently self-mocking, emoticons") > > Oh, I seem to be fresh out. That explains it. > > (Closes bag and goes emoticon shopping....) [fine tuning Irony Detector] SQ > > I have no idea what you are talking about. > [quoted text clipped - 5 lines] > Obviously the $25k was an investment in fun, because it sure doesn't > seem to pay off financially. Should have read: "$25,000 wasted, asking price whatever"  SignatureBMW K1100LT Ducati 750SS Honda CB400F, SL125 & SH50 chateau dot murray at idnet dot com "What you're proposing to do will involve a lot of time and hassle for no tangible benefit." >> Anybody had this experience - putting so much into a bike to make it >> your own that you take a big hit upon resale? I'll bet we've all done [quoted text clipped - 3 lines] > >I have no idea what you are talking about. The first step is admitting you have a problem. SignatureTurby the Turbosurfer >> Just an observation... there is a guy selling an '03 VTX1800 for >> $16,500. He's got $25K into the bike (counting the cost of the bike [quoted text clipped - 26 lines] > > I have no idea what you are talking about. Hmmm... Something tells me that you doooo... oasysco schrieb: >Adding in thousands of extras doesn't net you thousands of dollars >upon resale. IMO, you're better off stripping the bike back to stock >and reselling the parts - you'll usually make more money. Not just that. Breaking up a perfectly good bike and selling it off bit by bit nets you more than selling the complete bike in perfect running order. Same goes for computers. Problem is a) time and b) shipment, but if you have them solved, you're settled. Since my personal time is a lot more expensive than a motorcycle mechanic's, I've sometimes considered getting a schoolboy or college student to do the job. He or she might learn a thing or two, too. regards Radbert SignatureGruß Radbert > Breaking up a perfectly good bike and selling it off bit by bit nets > you more than selling the complete bike in perfect running order. I'm doing that now. An old Honda 400 Four, in perfectly serviceable condition, bought for £500. I'm up to about £1000 on parts sales from it so far, and expect to finish close to £1500. SignatureBMW K1100LT Ducati 750SS Honda CB400F, SL125 & SH50 chateau dot murray at idnet dot com "What you're proposing to do will involve a lot of time and hassle for no tangible benefit." > Adding in thousands of extras doesn't net you thousands of dollars > upon resale. IMO, you're better off stripping the bike back to stock > and reselling the parts - you'll usually make more money. Agreed. That said, a lack of some bolt-on extras sometimes makes a bike difficult to sell, and the aforementioned extras make it easier. Think of trying to flog a BMW without luggage - hardly anyone's interested. Or a basic Sportster in completely stock condition vs. one that's had the usual carb and exhaust mods done. The latter will sell faster, every time. SignatureBMW K1100LT Ducati 750SS Honda CB400F, SL125 & SH50 chateau dot murray at idnet dot com "What you're proposing to do will involve a lot of time and hassle for no tangible benefit." >> Adding in thousands of extras doesn't net you thousands of dollars >> upon resale. IMO, you're better off stripping the bike back to stock [quoted text clipped - 9 lines] >that's had the usual carb and exhaust mods done. The latter will sell >faster, every time. Faster yes. But not for any more money. > >> Adding in thousands of extras doesn't net you thousands of dollars > >> upon resale. IMO, you're better off stripping the bike back to stock [quoted text clipped - 11 lines] > > Faster yes. But not for any more money. Oh yes it will, at least in the UK. *Everyone* expects Sportsters to have the basic tuning mods done, and *everyone* expects BMWs to have panniers, and people buying the bikes generally know what the work costs. Granted, the extra cash doesn't cover the cost of aforesaid tuning or panniers. That said, where BMWs are concerned, just about everyone orders them with luggage as new. I can't think of anyone I've ever known, over the last 30 years, who bought a used BMW and then had to go out and buy panniers for it. SignatureBMW K1100LT Ducati 750SS Honda CB400F, SL125 & SH50 chateau dot murray at idnet dot com "What you're proposing to do will involve a lot of time and hassle for no tangible benefit." >> >> Adding in thousands of extras doesn't net you thousands of dollars >> >> upon resale. IMO, you're better off stripping the bike back to stock [quoted text clipped - 17 lines] >costs. Granted, the extra cash doesn't cover the cost of aforesaid >tuning or panniers. I've seen otherwise identical Sportsters for sale side by side (colour difference maybe) and the stage 1 has made no difference at all. Maybe it's because they cost so much more over there but a decent used 883 is $6,000 to $8500 depending on year, mileage and condition. One just sold for $8,000 with intake, exhaust, windsheild, lots of chrome dodads, bags and touring seat. It was the last one to go and it was maybe $500 more than it would have been if bone stock. >That said, where BMWs are concerned, just about everyone orders them >with luggage as new. I can't think of anyone I've ever known, over the >last 30 years, who bought a used BMW and then had to go out and buy >panniers for it. Never understood either but people do here. Maybe it's because they are a lot more expensive here just like Harleys are there. They are not that common used either so you take what you can find. That's partly what led me to Harley in the first place. > >> Faster yes. But not for any more money. > > [quoted text clipped - 11 lines] > chrome dodads, bags and touring seat. It was the last one to go and it > was maybe $500 more than it would have been if bone stock. *Shrug* So it went for more money, which is what I was saying. > >That said, where BMWs are concerned, just about everyone orders them > >with luggage as new. I can't think of anyone I've ever known, over the [quoted text clipped - 6 lines] > what you can find. That's partly what led me to Harley in the first > place. You're right: Harleys are ununfeasibly expensive over here, especially given the dollar-sterling exchange rate. SignatureBMW K1100LT Ducati 750SS Honda CB400F, SL125 & SH50 chateau dot murray at idnet dot com "What you're proposing to do will involve a lot of time and hassle for no tangible benefit." >> >> Faster yes. But not for any more money. >> > [quoted text clipped - 13 lines] > >*Shrug* So it went for more money, which is what I was saying. Considering the extra stuff, it really went for less. There have been bone stock bikes sell for the same price quicker. Be8ing bright yellow didn't help though. >> >That said, where BMWs are concerned, just about everyone orders them >> >with luggage as new. I can't think of anyone I've ever known, over the [quoted text clipped - 9 lines] >You're right: Harleys are ununfeasibly expensive over here, especially >given the dollar-sterling exchange rate. Which is how many here feel about BMW and Triumph. Shipping adds on a lot as does duty. I bought the obligatory tourist t-shirt at Warr's in London. It was twice the price it would have been in most of the US or Canada. > Adding in thousands of extras doesn't net you thousands of dollars > upon resale. IMO, you're better off stripping the bike back to stock > and reselling the parts - you'll usually make more money. Harley branded parts and accessories can be had new for 20% off of retail from several well known Harley dealers. EBay Harley parts buyers tend to pay 60-75% of retail for used "like new" parts. I find the difference of 5-20% of the retail cost of the part to be well worth the use I get out of the parts, and if use them long enough that they are no longer "like new" I have no problem selling them for half what I paid for them and marking the rest off to a good value for the use received. |
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