Ok so i bought a brand new 2011 HD sportster custom 1200, literally 20mins after i bought it i wrecked it (i know i know plz dont start lol). spent $1k on deductible got it totally fixed, was nothing major just couple scratches and stuff. well im getting married in April and im strapped for cash so i need to get rid of the bike.

my problem
bought it and came out to be around $14,500-15,000 with tax and also got the extended warranty for 4 years
bike literally has 14miles on it
seeing as i "laid" it down how much would this depreciate the value?
how much should i even ask for?
i owe $9,800 and was thinking maybe $11-12k?

thoughts?

 

bummer dude....is it salvage title? if its not salvaged, try to clean it up and sell it, just be sure you tell the prospective buyer what happened......karma.

 

hey man, this is from a dealer....
http://www.cycletrader.com/listing/2...tster-99653614

Looks like your going to have to eat some money, especially if its salvaged.

 

its not a salvaged title, and i def plan on telling em what happened

 

I would keep it, just get a part time job to make the payments. Since you paid way too much to begin with, it may be "cheaper to keep her"

 

A prospective buyer really doesn't give a rats *** about how much you paid, including tax, tags, dealer fees, etc. Any new buyer is going to pay for his own tax, tags and such. So don't even think you paid $14-15,000 for your bike. According to HD's website, a 2011 Sportster 1200 Custom model had a price of $10,800 for the 2 tone paint job (black and single color were less). And seeing as how any vehicle loses a lot of value just by driving off the showroom floor, that drops your price down more. Then, figure into it that you "wrecked" it, and well, the value just gets lower yet.

The $11,000-12,000 that you hoped to get......forget it, a brand new bike is less than that. If you get anywhere near what you owe on it, consider yourself very, very lucky. But I doubt you will find that deal.

 

Your story sucks in every aspect.

 

sorry, have to agree....
15k into a sporty, thats trouble.
Look up on NADA.com and go from there.
jmo

Maybe go to the dealer and ask what they would buy it back for...

 

just looked it up. hope fully the cut and paste will work...
Pricing
Suggested List Price Low Retail Average Retail
Base Price $10,899 ....$8,470 ....$10,645
Options: (add options)
See all options chosen
TOTAL PRICE $8,470 $10,645

 

Like others have been stating, you most likely won't be able to recover what you owe on the bike let alone make a profit from it.

I have to agree that your timing on all aspects sucks. You're also trying to sell in a buyers market, which 99% of the time means selling at a loss or if your lucky just braking even. Another strike against you is that you're selling at the end of the riding season. Even if you're in CA many people don't look to buy a bike (unless a really good deal) during fall and winter. Bikes move more in spring and summer months.

You bought a bike, in the first 10 miles you wrecked it, and now want to sell it? Are you selling it because you dropped it in the first 20 minutes? If you're selling because your strapped for cash for a wedding, then that was some **** poor planning.