I was curious of what my 2023 sgs in black was worth on a trade for a new 2024 sgs ,I'm getting prices around $19,500-20,000 how can a bike i paid 32,000 for be worth only that much in the 6 months of ownership!!

 

Because it is now used

 

High MSRP when purchased and depreciation. Should have just waited the 6 months. Otherwise you're in for a huge hit to the wallet.

 

Plus they have to mark it up when they resell it to put more money in there pockets but still need the selling price lower than a new bike

 

But, the bike is black, and those are worth a premium now.

 

Brand new 2024 has some upgrades MSRP 25,999

 

Trading in any vehicle that is less than a model year old is a financial blunder.

 

KBB Motorcycle

 

Yeah, that sucks to hear but I'm not at all surprised of the value. The new 2024 updates are going to make the pre-2024 models take a pretty good hit, Id bet.

 

You are probably better off trying to sell it your self. But this may not be the right time of year to do that depending on your location. You should get more selling it your self, but you will pay more in taxes on the new one if you do. When you trade, you only pay sales tax on the difference between the cost of the new one and the trade value. So if the new one is $30K out the door and you your trade is $20k, you only pay sales tax on $10K. I'm using round numbers for simplicity. At 7% tax, that would be $700 vs $2100 in tax. So you would need to get more than $1400 more ($21,400 or more) selling it your self to make it a come out in your favor.