| Author | Message | ||
     Xb1200rick |
For those of you that paid full price for your 1125 in the last few months of Buell..... Does it bother you that Harley basically took about $5K out of your pocket. Since they decided to sell off all remaining stock at almost half price, that made your bike suddenly worth half as much . I owe a lot more than it is worth after making 2 years of payments, and if I total it there will be a big gap in fair market value vs what I owe. I normally trade in every couple of years and am usually close to even on value/owed. Now I don't have any desire to part ways with my 1125, but if I did I would be stuck paying that 5k that Harley stole from me. OK rant over . it just bothers me that's all  | ||
| Scraejtp |
Wow, this is old news.... Overall it is probably good that it happened. I'm not sure we would have ever seen a bike like the 1190RS if HD was calling the shots. I also would not have picked up the 1125R at pre-meltdown prices, at least not a new one. | ||
| Jdugger |
This conversation has come and gone a few times here. It's tough... I hear you. Not that it's much consolation, but here's how I think you have to think about it: When you bought the bike, it was worth what you paid for it TO YOU, right? That hasn't changed. So, you look at it in terms of what the bike is/was worth to YOU, not the market. You haven't lost a dime technically until you decide to sell. My full price one became a race bike. 40,000+ miles later she's on her second motor and who knows how many sets of tires. It's hard to argue I've not gotten the value I paid for out of mine. Good luck to you. | ||
| Usanigel |
You should look into gap insurance to cover the difference. Just like when you lease a car, the value drops like a rock as soon as you drive away the first day. If that car gets totaled, you're on the hook for the balance between payout and whats "owed". I know it sound wrong but leases are strange when it comes to value. | ||
| Xb1200rick |
Yeah , I know its old news by now and as long as nothing ever happens to it I am just paying what I thought the bike was worth to me when I bought it , but if some thing does happen, hit a patch of ice, high side , or lose my job and can't make payments...suddenly that $5k becomes a issue. And it sort of bugs me . | ||
| Spike240sx |
Ya it may be old news, but even a year and a half later it still hurts every month I pay the bill. Even though I got mine for $8k before the closure. Its the extra that was tagged on for my trade in. Still came out pretty much paying $12K for it. I should have never bought that damn Blast (I had hoped the wife would learn on it). I would really like to Re-finance it, but at current values there is no way I can. I don't like giving HD any more money than I have to, But it is what it is. I feel your pain. I even tried to get a refund for the difference but that went no where of course. Where I really screwed up is that about a week after the announcement I canceled the extended warranty. I should have thought that through a little better but it took nearly $1,800 of the loan. My factory warranty is up this August and I really hope I dont kick myself in the arse. I don't mind having to fix it myself, but what worries me is parts availability. If dealers cant even get parts for warranty repairs, where does that leave us who can do our own repairs? It really leaves us in a bind. | ||
| Ratgin |
Canada didn't have the fire sale. Bikes were marked down only to about 12k. Some bike dealers here now have the bright idea to import a bunch of repo 1125's from the USA and resell them for 5k. Resale value has plummeted thanks to these clowns dumping US bikes. | ||
| Bigevildoer |
Ratgin Said: Canada didn't have the fire sale. Bikes were marked down only to about 12k. Sorry to hurt your feelings, but where-ever you bought from screwed you. I live in Canada too, and paid just over $8K OTD including 1 winter of free storage for a new 2008 1125R. HD definitely extended the fire sale to the dealers. I checked with a total of 3 dealers, and they were all within $350 of each other. | ||
| Ratgin |
I know several people who bought and everyone paid 11,5 for an 09 Drove 500kms to get mine in Sept. | ||
| Bigevildoer |
Feel bad for ya that the dealers in your area were gouging. I'm in Southern Ontario - checked with Barrie HD/Buell, Jacox in Mississauga and Thunder Road in Windsor. Went with Thunder Road (even though they were the farthest away at 275km) 'cause they threw in the winter storage. (Message edited by bigevildoer on February 23, 2011) | ||
| Xodot |
A guy I work with is ready to jump into the Buell-aid tank. He is looking for a "new" 25R (in Canada or USA). Anyone got an eye on a deal to be had? | ||
| Milleniumx1 |
I bought mine a couple of days after the announcement ... Couldn't afford not to at that price. It's a keeper too! If it makes you feel any better, folks that paid $125K for Mercedes-Benz SL55 AMG's around 2004 are lucky to get $35K today. Mike | ||
| Rogue_biker |
YOu should never buy a motorcycle and expect to get much back. Not in the USA, not in this market. Trade-In Values of vehicles in the USA is really bad because it's so easy to just buy new, or lease. Forgetaboutit! Just finish paying it off and feel good that you have a bike that is unique and will always get plenty of attention, if not more, on Bike Night or the local sportbike hang out vs the Sea of GSXR's and CBR's. | ||
| Froggy |
Didn't bother me a bit, in fact I took advantage and bought another one. The bikes are worth more to me than what I paid for them, so I don't care. | ||
| Jules |
Resale values in the UK seem to be reasonably good for the 1125... Well, I guess it depends on whether you bought pre or post firesale but there are several examples of secondhand bikes for sale (and selling) for more than I paid for mine when new. Mine was an absolute bargain, but then again I got it for $6k off list (sorry) but I'd never have been able to justify the $14k they were before the firesale. Having said that, I believe they were worth every cent of the original asking price, I just couldn't justify that sort of expenditure on a bike so wouldn't have had the opportunity to enjoy it before the reduction. | ||
| Rogue_biker |
Jules, it seems to me that UK bike prices are artificially higher on all bikes. Never understood that given the exchange rate which favors the UK vs that of Japan and the USA. If it was $14k new in the UK back when Buell was in business, then that sounds about $1k higher than in the USA. I believe the 1125R was $13k in the USA when new. Today, liter class Japanese bikes are $13k here. A comparable Ducati is about $16k. | ||
| Jdugger |
> it seems to me that UK bike prices are artificially higher on all bikes. Taxes and import duties? | ||
| Black |
In answer to XB1200rick's question......I figure that once you have ridden a motorcycle off the lot, it loses most of its value. That is just the way I look at things. Motorcycles are like investing in antiques.....worth whatever you can get somebody else to pay for them. To my experience, in most cases, it ain't too much. With the economy what it is, just be glad you didn't buy a custom chopper....talk about taking a bath! | ||
| Socoken |
Anyone who buys a sportbike with resale value in mind is making a poor choice from the get-go. While comparable Japanese sportbikes (1l IL4s) are worth a grand or two more after three years (08 models), its safe to say all sport bikes take a hit as soon as you ride off the lot. If BMC was still turning out 1125r's, I doubt my bike would be worth much more than it is now, anyway. Would it have been nice to pay a lot less for my bike than I did? Of course it would have been, but I got in two years of hard riding with great friends before the fire sale. Money is just money, life goes on. I know a lot of folks here are bitter with the MOFOCO for the decisions they made, and its easy to hate the motor company for the way its being run right now. But HD has been a great American brand for over a hundred years, and should stand for a long time into the future. Hopefully this "bean counter" phase will pass just as the AMF years did. | ||
| Wbrisett |
Hopefully this "bean counter" phase will pass just as the AMF years did. I don't know about this one. Every corporation right now, even the one's making money hand over fist (Google/Apple) seem to be run by bean counters. I don't see HD changing unless corporations elsewhere start first. I'm one of the folks who bought a CR at the fire sale price, only a couple of weeks after trying to negotiate a deal with one of the local HD dealers that involved trading in my Uly as part of the deal, but the numbers were still way too high. The minute I heard HD was closing down Buell, I knew I had to buy a CR. I know I would feel exactly like XB1200 if I had not only bought for the original price, but traded in my Uly to boot. I feel for you XB1200 because I was nearly there. But in my case I really didn't want to give up the Uly, so I didn't do it. The good news was with the fire sale pricing, I was able to pay cash, so the deal was super easy and much easier to swallow as the price of the bikes never recovered. Wayne | ||
| Mountainstorm |
There are two main factors here adding to your buyer's remorse or whatever you like to call it. One is putting yourself in debt for a toy. Shame on you. Grown men should wait until they have enough money to buy their toys outright. I could rail on at length about how instant gratification and debt have undermined our global economy, but it would be easier just to point out the obvious: if you can't afford it save until you can or forget about it. It worked for my grandparents, my father, and for me. I have no debt. I want no "credit" because credit is just another word for debt. And the Second is Harley Davidson being jerks. Nothing much to do about that but remember what they did to Buell and never buy another HD product. | ||
| Ljm |
I feel bummed for the folks who got hosed in the shutdown and loss of value from the fire sale too. The worst hit were the BMC employees. But for some of us, the silver lining is that we got bikes for a fraction of what they are worth (to us at least), and in my case, got to get the Mrs. an 1125 when otherwise would have been a while. Got to give my son an xb. And at the end of the day, we are going to get to see what Erik can really do without the intellectual ball and chain. I also paid more for a tuber that it is worth but I am happy to have it and it is NOT FOR SALE. | ||
| Thefleshrocket |
Motorcycle Consumer News had NADA used bike values listed in their current issue. I didn't look at the newer years, but they said than an '08 1125R is worth $7300 or so. Which, as we all know is more than market value, but if NADA says it's worth that much, you may well have a decent chance getting your insurance company to pay close to that amount if your bike is stolen or totalled. That's not a huge consolation to those who paid pre-fire sale prices, but it's gotta be better than nothing! | ||
| Father_of_an_era |
I bought my R new before the melt down and the sales price was originally $11,900. I got mine for $10,900. Still, I feel like I got a deal. I love my R and I can't conceive of ever selling it. What fair market value is today, I don't know but after putting on over 12000 miles, the bike is worth even more to me now. | ||
| Zac4mac |
I got the first 1125R in Colorado and that privilege cost me ~$13.5k out the door. I have no remorse and Loretta has 26k miles, she's definitely not for sale either. I might trade her for an 1190RS Carbon but I doubt I will have to face that decision. Z |
