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Old 02-21-2013, 06:56 PM   #1
rockycraig OP
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trade in price for 2011 r1200gs

I have a 2011 r1200gs with heated grips, ESA, spoked wheels, center stand, luggage attachment points and 6500 miles on it. dealer offered 10,000 dollars for a trade in towards another bike. what do you all think before I do this deal. good, bad about right? thanks it's hard to find trade in cost online.
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Old 02-21-2013, 07:00 PM   #2
LaurelPerryOnLand
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Why trade it in?

Why not resell it yourself...you know the dealer is going to 'get you'...either on the trade in value or the price of the other bike.

Use SearchTempest.com to search all the Craigslists in the US and find out WHAT your bike is worth.
Then...sell it privately. It's easily done.

LaurelPerryOnLand screwed with this post 02-21-2013 at 07:21 PM
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Old 02-21-2013, 07:19 PM   #3
AviatorTroy
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Trade ins are always going to be about 30% lower than resale due to the "convenience factor" of the dealer doing all the marketing and advertising for the sale.

Really, I wouldn't do it. That's way low.
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Old 02-21-2013, 07:23 PM   #4
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Here you go, with about 45 seconds of time with Google.



Not that hard.
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Old 02-21-2013, 07:53 PM   #5
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Quote:
Originally Posted by AviatorTroy View Post
Trade ins are always going to be about 30% lower than resale due to the "convenience factor" of the dealer doing all the marketing and advertising for the sale.

Really, I wouldn't do it. That's way low.
yup - I agree. Dealers also have building lease, salaries, maintenance, insurance ...... and so on - and must generate revenues to do so.

I'd go the Craigs List route
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Old 02-21-2013, 08:18 PM   #6
JimVonBaden
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Quote:
Originally Posted by AviatorTroy View Post
Trade ins are always going to be about 30% lower than resale due to the "convenience factor" of the dealer doing all the marketing and advertising for the sale.

Really, I wouldn't do it. That's way low.
Something like that, 20-30%.

Jim
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Old 02-22-2013, 07:02 AM   #7
miro9
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...but you do save some $ on taxes

Probably not enough, but still... Depending on what your local taxes might be, that's $500 - 900 that you don't need to pay. Basically, you only pay taxes on the price difference between new and old bike. Ex. new bike is $20,000 - $10,000 trade-in, you only pay taxes on $10,000 vs $20,000.

That said, you could sell 2011GS with low miles for a lot more than $10K.
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Old 02-22-2013, 07:14 AM   #8
srpuywa
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list it in the flea market, eBay and your local craigslist for a week or 2
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Old 02-22-2013, 07:36 AM   #9
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Originally Posted by miro9 View Post
Probably not enough, but still... Depending on what your local taxes might be, that's $500 - 900 that you don't need to pay. Basically, you only pay taxes on the price difference between new and old bike. Ex. new bike is $20,000 - $10,000 trade-in, you only pay taxes on $10,000 vs $20,000.

That said, you could sell 2011GS with low miles for a lot more than $10K.
FYI, While most of the states I've lived in do sales taxes that way not all states do that.

Yeah, I'd at least give it a shot of selling it yourself.
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Old 02-22-2013, 09:07 AM   #10
lhendrik
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My opinion: When you trade in an easy to sell/in demand bike in good condition, the dealer smiles. While the dealer is entitled to make a profit on transaction, you really don't want them smiling so much. The profit on such a trade can exceed the profit on a new bike sale, especially if all they have to do is wash it to sell.

If you are losing (conservatively) 20% on a $10,000 trade in ($2,000), you can decide if it is worth $2,000 minus the tax benefit, say $800 for a net of $1,200 to have the dealer deal with selling a used bike.

I personally hate selling used bikes, but for $1,200 or more some might want to do it themselves. If you are giving up 30% on the trade the numbers are of course even higher...
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Old 02-22-2013, 06:15 PM   #11
rockycraig OP
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I guess I didn't convey my thoughts that well Aviatortroy, yes it is easy as hell to look it up on kbb, but kbb can kiss my ass! kbb has never been close for me so I stopped using it. I guess want I meant was its hard to find actual prices that people or friends traded there bikes for. that's why I posted on here so I could get some people who maybe traded or knew someone who traded their 1200's to dealers so they could give some true reference. Even someone who sold there 12 (similar to mine) on there own so I could get a starting point. sure I can look up what people are asking for their bikes as well (before you post that) but people can list there bikes for whatever they want but what's the price they sold it for? sorry Troy, my bad. thanks to everyone else for thoughts on subject , definitely worth a couple thousand to trade for hassle of trying to sell and people coming over test drives and trying to get payment, etc...
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Old 02-22-2013, 06:30 PM   #12
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Quote:
Originally Posted by rockycraig View Post
definitely worth a couple thousand to trade for hassle of trying to sell and people coming over test drives and trying to get payment, etc...
AGREED!
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Old 02-22-2013, 06:30 PM   #13
marty hill
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Will this help. I just sold my '09 with the same equipment and 39k miles for $11000.

Had I not bought a new '12, I'd be happy to give you a bit more than the 10k you've been offered.
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Old 02-22-2013, 07:45 PM   #14
AviatorTroy
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Quote:
Originally Posted by rockycraig View Post
I guess I didn't convey my thoughts that well Aviatortroy, yes it is easy as hell to look it up on kbb, but kbb can kiss my ass! kbb has never been close for me so I stopped using it. I guess want I meant was its hard to find actual prices that people or friends traded there bikes for. that's why I posted on here so I could get some people who maybe traded or knew someone who traded their 1200's to dealers so they could give some true reference. Even someone who sold there 12 (similar to mine) on there own so I could get a starting point. sure I can look up what people are asking for their bikes as well (before you post that) but people can list there bikes for whatever they want but what's the price they sold it for? sorry Troy, my bad. thanks to everyone else for thoughts on subject , definitely worth a couple thousand to trade for hassle of trying to sell and people coming over test drives and trying to get payment, etc...
Didn't mean to piss you off. My point is only that there is a lot more to market value research than starting a thread in GSpot. Look at what like bikes sell for in the flea market. Look at what they are listed for on cycle trader, etc. and if you want to do a trade in knock 20% off at least. And although not entirely accurate, kbb is a good general guide as to what prices are at the moment.

I just can't stand the thought of a dealer ripping people off so bad, your bike is way more valuable than that. However, to some, it is worth it not to have to try to sell something on their own.
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Old 02-23-2013, 08:42 AM   #15
duke944
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definitely worth a couple thousand to trade for hassle of trying to sell and people coming over test drives and trying to get payment, etc...
What hassle? place the ad for $12500 firm and say in the ad cash in your hand is necessary for a test ride. This will eliminate the tire kickers and time wasters.
You must be very wealthy to place such a low value on two grand - or very lazy and/or stupid.
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