04-04-2018, 03:26 AM
(04-04-2018, 02:59 AM)holy666diver_imp Wrote: So glad all you responsible people have $8-10k cash to pay for a bike. I was 26 and did not have that kind of cash on hand. I am not asking advice about paying in cash or to be told I "should have paid cash" you think I'm stupid? Obviously I know that, but either way it's a loss. I was asking for feedback on peoples experience on resale or trade in values.Diver... you asked for real world, relevant examples; here's mine:
I recently traded in my immaculate 2014 DLX for a brand new Triumph Bonneville Speedmaster. I had purchased the DLX used (had 2000 miles on it) back in Aug 2015 for $9800. By the time I traded it in just over two years later, I had over 25,000 miles on the clock but had also added some spendy upgrades (Road Comet fairing, heated grips, engine guards, luggage rack, etc.) All together, I estimate I had $12,000 into that DLX. I offered it for sale at $7000, then $6000, not a single bite. As a trade in, Triumph told me the best they could do was $4500. Ouch. But boy, did I want that Speedmaster, and I could not afford nor did I have space for two bikes. I swallowed my pride and took the offer, knowing full well that it was not the world's greatest financial move
I later saw my old DLX in Craigslist through a different local dealer, priced at around $5k...So yeah, not my finest moment in terms of wheeling and dealing, but now that the pain and embarrassment has faded some, I'm very glad that I made the move. The DLX was beautiful and an engineering marvel, but I believe I've found the right machine for me at this point in my life, so I'm riding on with no regrets and a big silly smile on my face. As they say, "You can't take it with you..."
