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| Superbiker Joined: Dec 2007 From: Richland, WA I Ride: 03 Superhawk 996 and my new Pocket Rocket | Does Blue Book matter anymore Curious what some of you think. Seems like everyone thinks their bike is worth well over blue book these days. Especially when it comes to dirt toys. Been looking for a new dirt toy but keep coming across crap like 2000 XR250, low miles for only $6000. Are you willing to pay over blue book? How do you decide what a vehicle is worth? And to those that have been selling their bikes, how do you justify asking double blue book? |
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| | #2 |
| Superbiker Joined: Jul 2008 From: Spokane, WA I Ride: carefully. | blue book doesn't mean shit to me with bikes. i look at where the market is and the condition of the bike, not what a book says the market value "should be". there's too much fluctuation due to time of year, area, supply/demand, etc for the blue book to really give an accurate appraisal for bikes, plus aftermarket parts and all that shit. |
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| | #3 |
| Superbiker Joined: Dec 2007 From: Richland, WA I Ride: 03 Superhawk 996 and my new Pocket Rocket | I'm getting sick of what some people are asking. One ad actually listed maintainence items as upgrades. They listed 4 qts of honda oil and oil filter as modifications done to it. |
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| | #4 |
| Endorsed Joined: Oct 2007 From: Medford Oregon I Ride: R1200GS Adventure. Suzuki GSX-R (crashed) | Its only worth what people are willing to pay for it. I've been trying to sell my truck, and apparently its not worth shit. ![]() |
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| | #5 | |
| MotoGP Contender Joined: Apr 2006 From: Lake Stevens, Wa I Ride: cuz your sister stopped putting out. | ![]()
![]() And the book is also a reference point. It is not law. Sellers have the right to ask whatever they want. If people are willing to pay a price for something then a seller has the right to ask it. Also most buyers try to talk down someone selling something so a lot of sellers try to ask high. | |
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| | #6 |
| MotoGP Contender Joined: Aug 2008 From: Puget Sound I Ride: H-D | Blue Book is great for hagglers who attempt to get something for nothing. I look at the vehicle- mileage/tailpipe/oil consistency and smell/wiring/frame/wheel rotation-balance/paint. If it's what I want I don't press the issue of price- I'll pay the asking amount if I feel it's worth it. I've bought my best machines that way. ![]() ![]() |
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| | #7 |
| Fast, Easy, and Old Fashioned ![]() Joined: Sep 2006 From: Spokane I Ride: Guess..... | Kelly and NADA are only good as reference material. Most people are somewhat delusional when they are pricing their vehicles to sell. There are two ways to price it: like you want to sell it; or like you don't care how long you sit on it, you're going to get every penny out of it that you put into it. Upgrades and performance mods only add value to a vehicle. Upping the price because of them is ridiculous but normal. Lets put it this way, I looked up the "retail price" on my bike and was more than a little surprised at what KBB had it at. Much higher than I would have expected considering it was exactly what I paid for it almost four years ago. |
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| | #9 |
| Pit Crew ![]() Joined: Jun 2008 From: Portland Oregon I Ride: 01 Speed Triple/Suzuki RF900 95 | Nope: Only expect "blue book" to matter at a dealers and insurance companies. Private party sales are "Market Value". With the invent of craigslist (free advertising) people don't mind trying to sell some overpriced thing for years (there are people out there they buy them). I pay what I feel it is worth (that number might be different for you and me), you have to know what it is you are actually buying and what the market is like for what it is you are shopping for. You have to wait for the right item and the right seller if you want the right deal for you. |
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| | #10 |
| Superbiker Joined: Oct 2005 From: Renton I Ride: 2009 KTM 690smc of DOOOOM! | Dunno, but in this economy i'd say its worthless. I've been trying to sell my ZX14 for the last month for 1k UNDER bb even with all the upgrades, and it hasnt budged. Only people who ask about it offer me 7k or as the last guy put it "Give it to me for 7500, because you can find one new in Portland for 8999 OTD, otherwise ill just go for that" ![]() Frustrating at best. I dont want to sit on it forever, but im not gonna get ripped off either. |
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| | #11 |
| Superbiker | And the DOL. I got a gift car from a friend in Oregon and I had to pay tax based on KBB value. |
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| | #12 |
| Superbiker ![]() Joined: Nov 2007 From: Silverdale, Wa I Ride: Buell XB9SX City-X | ![]() ![]() |
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| | #13 | |
| Mofo Dr. Phil of PNW Joined: Sep 2007 From: Everett, WA I Ride: K8 gsx-r 1000, 03 SV650S, 03 CBR 600RR (if I'm lucky), and 00 shadow 1100 VTX (if I'm super super lucky) | ![]()
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| | #15 |
| Superbiker Joined: Dec 2007 From: Richland, WA I Ride: 03 Superhawk 996 and my new Pocket Rocket | ![]() ![]() Maybe that was your ad on craigslist I was looking at. I guess being street legal triples the value right. |
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| | #18 |
| WMRRA Qualifier Joined: Apr 2007 From: mt vernon washington I Ride: 2002 cbr954 replica of a repsol replica | you can always find something thats in price range that makes you feel good. as a salesman. WELL USED TO BE. what we did. We would jack it up 1000$ and then when they offered a thousand less. we countered with 500$ so that made them feel good like they got a deal. but Actually. well you know the story. ALSO . ussually . the price down. is what they paid for it. plus a 100$. so incase it has to get repoed or stolen or whatever. at least . they got what they paided for it. the rest is profit. just keep looking and waiting . you will find what you like. dont be hasty. blackhorse 1234567890 Last edited by Ironking; 06-30-2009 at 10:46 PM.. |
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| | #19 |
| Zone Head ![]() Joined: Oct 2007 From: SLC, UT I Ride: SV1000N | |
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| | #20 | |
| Streetfighter Joined: May 2007 From: Spokane Wa. I Ride: 1985 Honda CB700SC Nighthawk S, 1998 Concours | ![]() | |
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| | #21 |
| Superbiker Joined: Jan 2009 From: Vancouver, WA I Ride: 04 Kawi ZZR 1200 | Blue book is always above market value, just because it blue books doesn't mean you aren't paying too much. I generally look at trade in value as the real market value but even that can be high. I have always had the impression that since dealers and manufacturers are the primary source of data for Kelly, NADA and the Polk report, that the figures would favor the business model that benefits dealerships. |
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| | #22 |
| Streetfighter Joined: Jul 2007 From: Bellingham, Washington I Ride: Two-up and slower then a snail | i figure the value of a motorcycle for sale that is in near new condition, is somewhere between the trade in value and the retail value. Extra mods such as tail pipe, ect. add to the value (usualy at 1/10 the original price, unless its still in packaging) They also have a chart for expected miles based on the CC of the engine...I take the number below and the number above and figure the milage should be in that range (say a 04 r6, expected milage would be around 10100, the 450-599 range in 8700, 600-749 is 10100, and the 750-1099 is 12300) so the milage i would expect is 8700 to 12300. If they are over milage then it decreases value. |
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| | #23 |
| Superbiker Joined: Jul 2006 From: asian hill | i don't find that to be the case at all, i'm constantly watching what dirt bikes are selling for, and it seems prices just keep dropping and dropping... there are a few here and there that are ridiculous, but with the majority, if you're really interested and smack them with a dose of reality, you can usually get a price dropped significantly.. also, it could be... that they're really not trying to sell it, or just trying to appease the wife/girlfriend, or they owe way more than what it is worth. Last edited by DRS; 07-02-2009 at 10:36 AM.. |
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| | #24 |
| Streetfighter Joined: Aug 2005 From: Spokane I Ride: Busa. | Well...... Blue book does matter to the buyer. As for the seller they add on centamental value to the price with the thinking of "Well i paid this amount for it" and "I paid this amount for the upkeep" Exct, exct....Forgetting that upkeep is part of using and taking care of the item. I have noticed the northern states do this and the southern states such as California, are less likely to do this. Spokane is horrible for this, this is why I shop Oregon, southern Idaho and Montana for big purchases, because it tends to be in then 1000's cheaper. A short day run to pick something up is allot cheaper. Also people that are serious about getting rid of the item will usually come to compromise with you on the item over the phone. I will not look at an item if that person is unwilling to compromise over the phone, the saying "Hungry seller" really comes into play. |
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| | #25 |
| Endorsed Joined: Apr 2009 From: Kent WA I Ride: ZX6R, CBR1000RR, BUSA! | Renton Motorcycles is selling holdover vehicles at like 2,000 below blue book... a brand new 07/08 YZF6R is selling NEW for 3999. thats pretty brutal. |
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| | #26 |
| Superbiker Joined: Sep 2007 From: Seattle, WA I Ride: the walk | Do you know if they actually sell any for this much? |
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| | #27 |
| Training Wheels Joined: May 2009 From: the couv wa I Ride: 05 honda 919 | i was in the car biz for 8 years and all i did is sell my stuff under book so the people out there thought they were getting a good deal, little did they know the $2500 car i sold them i got for $400. its only a guideline. i just picked up an 05 honda 919 for $3000 it books well over that. if people r hard up they will sell cheap. |
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| | #28 |
| Training Wheels Joined: Dec 2006 From: San Francisco, CA I Ride: '08 Ninja 250, '92 DR350S | Blue book value on my bike is wayyy lower than market value. Lollersk8s. If I put it on Craigslist for $3,500 it'd be gone in a week. Last edited by Angel-be-Good; 07-02-2009 at 05:10 PM.. |
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| | #29 |
| Training Wheels Joined: May 2006 From: Lynnwood, WA I Ride: GSX-R600, KLX250S | ![]() . To me, this is the only real drawback of craigslist. KBB is, as they state, the upper limit of what a buyer should be willing to pay. I would never pay more, and almost always pay less. Lots of dreamers out there. |
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| | #31 |
| Zone Head Joined: Jun 2006 From: Whidbey Island I Ride: 07 drz400, 05 fz6 | i use blue book to know what the dealer will give me for trade in, minus whatever they try to say to u to get it for less. its pretty accurate. craigslist is a great tool for knowing real market conditions and prices..and the economy. bikes are considerably cheaper than a year ago that is for sure. if your looking for say..a DRZ400s, just filter that in. maybe 10 bikes show up (not the case now! those things are hot sellers lately) look em over, throw out the low prices due to scams or beat to crap or whatever, throw out the high on crack overpriced ones, then there ya go u have an average price range of bikes with various conditions to give u a good local ballpark figure of value. |
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| | #32 |
| Superbiker Joined: Sep 2007 From: Seattle, WA I Ride: the walk | My point is even at this price they might not be moving them still, we don't know. Obviously they didn't before if they still have 07 models on the floor. |
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| | #33 |
| Endorsed Joined: Apr 2009 From: Kent WA I Ride: ZX6R, CBR1000RR, BUSA! | i bought my 07 ninja new in april... and they had like 15 more 07' ninja's so Ya, i would say the economy pretty much is setting up some good deals for new bike buys. Sadly the old axiom of, "It looses 30% of its value when it rolls out of the door" still holds true. |
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| | #34 |
| Pit Crew ![]() Joined: Nov 2008 From: The end of the Volcano Evacuation Route. I Ride: The name must not be uttered in polite company. | ![]() When I am a seller I think the same way, if: It is a product that interests the buyer, And was priced close enough to make the contact, And the additional information that I provide supports that the product is worth a look, I then expect him to come and have a look. To me it is insulting to have the second question in the phone conversation go something like "What is your lowest price?" "Will you take less?" If you want to look at it and tell me that "that scratch makes it worth $xxx less" or whatever reason that is not BS that my asking price is not fair then I'm willing to entertain respectful offers. Maybe as a buyer I haven't been agressive enough to insult and brow beat people below a fair value. Maybe as a seller I haven't been desperate enough to put up with surly a--holes. As to the OP, The Blue Book does many times seem out of touch with reality. Especially in recent economic times I'd guess that the real market is lower than their expected value. In any market it seems like the institution (dealer, insurance company, etc) will tell you that it "is only a guide, there are a lot of conditions, blah blah blah" when you are trying to get the value for your trade or replacement, but it is absolute when they are selling something. |
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| | #35 |
| Retired Joined: Mar 2006 From: spokane, wa I Ride: 2006 R6 | Blue book has never really mattered. People were always lying about what they paid for a vehicle to save money on the taxes they have to pay when they do the title transfer, and dealers charging waaaaay too much for a bike because they know some people are stupid enough to buy a used bike from them. Then you have people selling bikes for the money they have invested, including the taxes they paid when they bought it. When someone tells you they paid $12,000 out the door for a new bike, that doesn't really count. 10% or more of that is fees that do not really count toward anything, but need to be paid. I will not pay the tax that it cost them to buy a bike, then pay my own when buying it used. The Blue Book value has always been wrong. |
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