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Trade In value

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Old 08-15-2009, 06:57 AM
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Default Trade In value

I have been looking around for a good deal on a 2009 Ultra and I found a couple of dealers that are willing to take as much as $2000 off the msrp. The problem arises when we start to talk trade. More than one has directed me to Kelly Blue book and tells me that my two tone 2005 Ultra with a stage I kit and 17,370 miles is worth approx $11,000. I find that a little hard to believe when I can find the same or very similiar bike on the dealer websites listed for $15,000 or more. WTF?
 
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Old 08-15-2009, 07:03 AM
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That is a typical spread. I suggest that you sell it to a private party and then buy from the dealer. The two downsides to this plan are
1. It will take some time and it is a hassel to do so.
2. You can deduct the sales tax on a trade in so....in effect you are selling it for 7-10% more than you are actually being quoted.

Typically you can sell for closer to the kelly blue book retail price though (spit the difference). Even a dealer needt to make some profit to stay in business.

R. Todd
 
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Old 08-15-2009, 07:19 AM
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Originally Posted by 91FLSTC
I have been looking around for a good deal on a 2009 Ultra and I found a couple of dealers that are willing to take as much as $2000 off the msrp. The problem arises when we start to talk trade. More than one has directed me to Kelly Blue book and tells me that my two tone 2005 Ultra with a stage I kit and 17,370 miles is worth approx $11,000. I find that a little hard to believe when I can find the same or very similiar bike on the dealer websites listed for $15,000 or more. WTF?
I ran into the same thing, I recently bought a 2010 Ultra, I had an 07 Ultra that I really wanted to get rid of. I ended up trading it in because there are so many used bikes for sale in my area that I probably couldn't have sold it for much more than the trade (the dealer gave me a little more than the blue book trade in value). You can check trade and resale value at http://www.kbb.com/motorcycle.
 
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Old 08-15-2009, 07:25 AM
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I just listed my 08 RG fore sale at $17,500 with a 103 build and around 9500 miles. I got 2 calls and no offers. I have around $24,000 in it. We decided to keep the bike even though my riding may not be as much as it used to be. Not much market for used bikes or new these days. Good luck with you decision.
 
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Old 08-15-2009, 07:34 AM
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Originally Posted by 91FLSTC
I have been looking around for a good deal on a 2009 Ultra and I found a couple of dealers that are willing to take as much as $2000 off the msrp. The problem arises when we start to talk trade. More than one has directed me to Kelly Blue book and tells me that my two tone 2005 Ultra with a stage I kit and 17,370 miles is worth approx $11,000. I find that a little hard to believe when I can find the same or very similiar bike on the dealer websites listed for $15,000 or more. WTF?
I think what they are offering is a fair price.
 
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Old 08-15-2009, 07:52 AM
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Not a good market for used motorcycles. Unless you find someone that just happens to want your specific model with the add-ons, it will be tough going. Good luck.
 
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Old 08-15-2009, 10:50 AM
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you may also want to consider letting your dealer sell it on consignment for you. that way you might end up closer to what you want out of it. and you'd also have a lot more people looking with it being on the showroom floor. my dealer said he'd sell mine for me if i wanted to do it that way for 5% if that helps.
 
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Old 08-15-2009, 11:10 AM
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Definitely sell it privately, you'll do much better.
 
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