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Dynasport
| Posted on Monday, July 05, 2010 - 12:42 am: |
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I know some of you buy and sell motorcycles with some frequency. I do not. In fact I hate selling things in general. I bought my Harley seven years ago and kept it when I bought my Buell. Unfortunately, due to an unexpected large expense I need to sell either my 2000 FXDX or my son's 2009 Ducati Monster 696. Both are in excellent shape and have been well cared for. Of course the Harley has many more miles than the Ducati (about 45,000 vs. 2 or 3,000). How do you guys value used bikes for sale? I went to Kelley Blue Book and the Retail value on the 696 is $6890 while the trade in value is $4825. On the Harley the values are $7125 and $5200. How would you guys determine an asking price. I really don't want to set a really high price and scare people off or have to deal with lots of dickering. OTOH, I don't want to give a bike away, as the money is pretty important right now. Also, which bike do you think would be easier to sell? There are a lot more Harleys on the road and I think the market is bigger, but the miles may scare away lots of buyers. Finally, how do you recommend advertising the bike? I hear lots about Craigslist, although I have never bought nor sold anything on it. Thanks for your help, Dan |
Gunut75
| Posted on Monday, July 05, 2010 - 07:38 am: |
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Maintenance records are gold for you my friend. At least for the fx anyway. If the machines are in good order, and run properly, start at the top end of the prices you researched. Check your local market for a few days, and see what is going for how much. I would like to put more, but my son just woke up. I'll post more later. |
Sifo
| Posted on Monday, July 05, 2010 - 11:02 am: |
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I don't buy/sell that many, but dealers that I know of use pricing from NADA. I've found the online pricing matches pretty well with what dealers have told me on value of various bikes. Maintenance records are gold for you my friend. At least for the fx anyway. I was thinking that of the Duc! As I understand it buying a neglected Duc can get costly. You will have a very hard time getting the price a dealer may get, just because the buyer doesn't see anyone that will stand behind the bike after the sale if something isn't as advertised. Other than that clean/polish it to make it look as good as you can possibly make it. This may be obvious, but many fail to do this. When I sold my Wide Glide I provided detailed pictures of the flaws. They were few and very minor, but the first person to come see the bike was blown away that it looked as good as new bikes on the showroom floor except for 2 very minor rock chips. That bike was in great condition, but you really need to make it look that way to sell the buyer. |
Ft_bstrd
| Posted on Monday, July 05, 2010 - 11:56 am: |
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Price is really going to depend on the demand for the bike where you are selling it. Same holds true for dealerships as well. The NADA pricing is updated more frequently than KBB. Keep in mind that everyone is looking at the same price for the same bike whether buying or selling. Human nature is to want to find a "bargain". That bargain might be bone stock at a price less than book or a bike priced at book with extras and farkles that are "thrown in". As stated, records go a long way. I would use both Craigslist and ebay to list your bike. More eyes on your bike will decrease your time of sale. I would make sure that the fluids are fresh (keep the receipts to show date they were purchased). Obviously make sure the bike is clean. Make sure the bike is ICE COLD when the buyer comes to pick it up. Warm bikes can throw off buyers concerned that there are runnability issues. I know I want to see how the bike starts and runs from cold. One think you might also check is to see if there is an extended warranty available for your bike. Sometimes you can buy one even though it doesn't currently have one. Get the pricing and details. Rule of thumb is that your first buyer is usually your most likely buyer (unless you get some low ball poacher goon). The offers don't tend to get better as time goes on. |
Sifo
| Posted on Monday, July 05, 2010 - 12:26 pm: |
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Selling my Wide Glide I used Ebay as well as Craigs list. Used the same pictures in both adds. The high bidder on Ebay contacted me through Craigs list after the auction. For what ever reason he was willing to pay more for the same bike through Craigs list than Ebay. |
Pwnzor
| Posted on Monday, July 05, 2010 - 01:10 pm: |
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Definitely "shop" for similar bikes on Craigs and eBay... mingle that information with the data you've already gathered, and definitely put all your receipts and records together. Search your garage and find all your old stock parts to go with it. Good luck. |
Snake_oil
| Posted on Monday, July 05, 2010 - 01:22 pm: |
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I just take $100 a month off what I paid for it. It took me a year to sell my 2003 fxdxt using craigslist and cycle trader. (Message edited by snake_oil on July 05, 2010) |
Dynasport
| Posted on Monday, July 05, 2010 - 01:32 pm: |
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Thanks for all the advice. Unfortunately I don't have all the old receipts on my FXDX. I didn't have the forethought to keep it all. I bought the bike used and didn't get the receipts from the original owner anyway, as he had done most of the maintenance himself. Perhaps my servicing dealer can give me a print out of the work I have done there. On the Duc, the only service it has had is the 1,000 mile service. Anyway, I can't wait a year to sell a bike. Someone may end up with a pretty good deal. It has rained for several days here. As soon as the weather breaks and I can get the bikes out to clean up a little I will take some shots and get them listed. I think I will try craigslist and see how that goes. |
Leftcoastal
| Posted on Monday, July 05, 2010 - 01:46 pm: |
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Keep in mind that your FXDX has acquired a bit of a cult following which makes it just a bit more desirable than other models. They are easily fixed up to make it into what is called a "club bike" popularized by the bikes the red & white tend to use, and more recently by those seen on that TV show. That keeps its sale cost up toward the high end of it's value range. The high mileage knocks it back a bit. All that said, the Duc will probably be a faster sale, just because it has a larger market. All this is my opinion, of course. Al |
Leftcoastal
| Posted on Monday, July 05, 2010 - 01:49 pm: |
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Plus, to add to the above - I've seen FXDX models similar to yours (with lower miles) go for closer to 10G here on the left coast. |
Ft_bstrd
| Posted on Monday, July 05, 2010 - 01:54 pm: |
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If you bought parts and did service at your local dealer, they should be able to provide you with a listing of parts and service completed. Additionally, the dealer can look up through HDNET and see any service work that was done at the dealer since new. Wouldn't hurt either to have the dealer print off a listing showing all completed recalls (if any). |
1125rcya
| Posted on Tuesday, July 06, 2010 - 12:10 am: |
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maker sure to collect the money in person or use paypal. theres a lot of fake cashier's checks out there! It takes 3 weeks for a cashier check to clear. Good Luck |
Ratbuell
| Posted on Tuesday, July 06, 2010 - 01:42 am: |
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If you live on a busy road (or have a friend who does), don't underestimate the appeal of a clean bike, on well-cut grass, with a big bright freakin' sign. |
Rich
| Posted on Tuesday, July 06, 2010 - 07:47 am: |
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Here's the competition- http://tampa.craigslist.org/pnl/mcy/1827127560.htm l |
Dynasport
| Posted on Tuesday, July 06, 2010 - 08:23 am: |
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Nice bike. He's even asking over KBB retail. Of course, I have almost five times as many miles on mine. I hope he sells it soon. |
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