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+--- Thread: Low resale value (/showthread.php?tid=1413)
Low resale value - holy666diver_imp - 04-03-2018
My family is growing and we have a need to get a larger vehicle. I have been thinking of selling the CB but the used price-tags I have been seeing are ridiculously low. I have even seen brand new cbs going for $5999!! I paid $9500 for mine and still owe 4k on it. I can't justify letting it go for less than $6500. Has anyone had luck with trade ins? Part of me wants to keep this bike but we are having trouble fitting two car seats in a civic and can use the money for an SUV.
RE: Low resale value - LongRanger_imp - 04-03-2018
$4000-$5000 for a used '13 or '14 is about current retail in my area. Add $500-$1000 if it's a '14 DLX. Trade-in values are lower. Keep in mind the CB wasn't a strong seller when new (witness the leftover '14's still available), so expecting a firm price on a used one could be challenging.
RE: Low resale value - el duque_imp - 04-03-2018
If it has low miles you are in a better position. the fact that you need to sell and owe $ - weaker position.
You can wait and try and get more but.... lots of bike will be going on the market..spring is upon us.
my experience....cause hindsight is 20/20....take your inevitable loss and move on.
Then next time ....pay cash.
all that said...you should get $6500.
just need to have the prson looking see your add.
it aint easy.
just when you think all is list you will have 3 people interested at the same time
RE: Low resale value - 4 Paws_imp - 04-03-2018
Yep, bikes are hard to sell at any price. Not much demand for them. Local BMW dealer sat on a used one for a year before moving it.
Try your local Honda shop, they might sell on consignment.
You won’t make a profit.
RE: Low resale value - holy666diver_imp - 04-03-2018
(04-03-2018, 06:48 AM)el duque_imp Wrote: If it has low miles you are in a better position. the fact that you need to sell and owe $ - weaker position.
You can wait and try and get more but.... lots of bike will be going on the market..spring is upon us.
my experience....cause hindsight is 20/20....take your inevitable loss and move on.
Then next time ....pay cash.
all that said...you should get $6500.
just need to have the prson looking see your add.
it aint easy.
just when you think all is list you will have 3 people interested at the same time
I had used bikes that had endless issues so i though buying the cb new would give me piece of mind but did not have 10k cash to buy so i financed.
RE: Low resale value - reinie_imp - 04-03-2018
I've had eighteen motorcycles in 48 years and only made money on one of them and it was totaled. The insurance gave me more than I paid for it. Other than that I broke even on one once and lost money on the remaining ones. I'm still riding number eighteen yet and fully expect to take a loss on it when the time comes. Good luck!!
RE: Low resale value - el duque_imp - 04-03-2018
Yep. been there done that. You aren't the only one.
You might chk around - some used car lots will take bikes (probably newer like yours) in trade for cars / suvs.
you should chk out the nada and blue book values as a bench mark. The Colorado market seems way low.
Southern Califa? Should be a lot of old farts that want to re-live old times on their CB1100.
Good Luck.
I was looking for a Triumph specifically cause I know the resale value is good. Bad part there weren't that many to be had and I didn't want to buy new.
I know my CB11 isn't going to be easy to sell either.
I hear ya on the used bike situation....
RE: Low resale value - Obleo - 04-03-2018
If you needed to finance it , should have waited and saved enough to pay cash. Don't let the borrower be a slave to the lender. Don't ask how I know that quote?
RE: Low resale value - Houtman_imp - 04-03-2018
I only pay cash for a motorcycle , never finance a hobby !
RE: Low resale value - PowerDubs_imp - 04-03-2018
I had the cash for my CB, but I told the dealer if he wanted to sell it I wanted to use my CC.
So they did, I paid the car off a few days later once it posted and happily took the points.
