• There has been a recent cluster of spammers accessing BARFer accounts and posting spam. To safeguard your account, please consider changing your password. It would be even better to take the additional step of enabling 2 Factor Authentication (2FA) on your BARF account. Read more here.

A free pricing advice for those who REALLY want to sell their bikes

faz

Sexiest Ex-Mod around!™
Joined
Apr 23, 2002
Location
Sunnyvale, CA
Moto(s)
07 zx14
Name
Faz
hi all,
it is interesting to see how many people here are posting their bikes for sale, and insist that they HAVE TO sell the bike soon, but their prices are anything near a reasonable asking price, especially by posting it on a board that mostly consists of people who:

1) mostly already have a bike
2) have bought a few bikes before and lost enough money to know how much a bike is really worth
3) are really only interested in buying another bike only if it were a real bargain


Now, to all the sellers I have the following advice:

1- go to kelly blue book (www.kbb.com). Get the trade in price as well as the retail price of your bike.

2- find the mid point of these two prices [(price1 + price2) devided by two]
-- edit:
example: if the trade-in price is 2000, and retail value is 3000, a fair asking price in mid-point would be 2500, i.e. (2000+3000)/2
-- end edit.

3- that would be a fair asking price for your bike. if you end up selling your bike at that price, consider yourself lucky, especially considering the end of season and the current economic situations (where even the dealers are not willing to buy your bike at a trade in price, unless you are buying something from them in return).

4- finally, you have to COMPETE with the other posted prices and people who are desparate to sell their bikes (like an 03 R1 for $7k!!! what a deal!) . Such competition will throw away any reasonable asking price right out the door, so unless you are willing to bring your price down enough to compete, don't waste your time until all other competing bikes are sold.

At the end, it is your bike and you can ask ANY price you want for it. But unless it is reasonably priced it won't sell on this board.(reasonable from the BUYER's prespective, not the Seller's)

Please don't take the above post as an insult or as another smart ass making a remark. I have sold two bikes and bought two other bikes in the last 3 months. Some people had their bikes for sale then, and still have it for sale.

*******
-- edit: no bump required as this post has become a sticky!! --
 
Last edited:
Good advise Faz...:thumbup

The market for used vehicles is tough right now (cars/bikes/trucks)...I buy and sell the occational car/truck and the buyer is in control right now..not the sellers.

As you stated..you can ask whatever you want......but the person that will sell it is the person that is willing to deal a little and sometimes just take what they need, not what they want to sell it for.

Trust me...as a seller I dont like making an "alright" deal any more than anyone else...its just that way right now.
 
Yeah, great post, I have said time and time again in posts about people overpricing the heck out of their bikes.. I mean its their bikes, but they get alittle upset when people hint to the fact that the price is too high, when it usually is 500-2000 over priced, and lately ive seen the 2000+$ range overpricing. If you want a bike to sell, gotta price it right, and if you are desperate, you got to price it agressive.
 
:thumbup....but now I wont read it :p
 
m3beamerboi said:
bump bump bump

Ummm....its called a sticky because its "stuck" at the top, and needs no more bumps....;) :cool

Good looking out for Faz though :thumbup
 
Also, when listing your bike, please post:

1) Year / Make / Model
2) Miles
3) Condition
4) Mods
5) Reason for selling
6) Contact information
7) PICTURES!!!

This should stop the first four posts from asking these questions and hopefully attract serious buyers quickly. I bought my 1K from a post here and sold my 600 the next night. This place works when you use it correctly!
 
bumpity bump:cool
 
I don't think KBB is a good source for the valuation of motorcycles.

Both of my bikes are not accurately valued.

$950 for a GS500 in great condition
$6200 for an 03 Kawi 6RR.

Riiiight.....
 
Ducky_Fresh said:
I don't think KBB is a good source for the valuation of motorcycles.

Both of my bikes are not accurately valued.

$950 for a GS500 in great condition
$6200 for an 03 Kawi 6RR.

Riiiight.....

So what is accuratly valued? Ever hear the saying, "once you drive off this lot, it just cost you 3,000?"

This statement is so accurate, and once again we will go over why :

#1 - 03 models arent going to be very accurate, if its an 03, and you drove it off the lot, you shouldent have bought it if your now selling it, or if you bought it off someone else, I bet you got a deal close to what you see above :p

#2 - The term "accurately valued" is what kelly does 24/7, they have a retail value staff like none other, with that said, the data you are getting are an average of bikes sold within the last 3-6 months, and the real gipper for you would be that price is a little bit high.. Your assuming its retail value, and usually its more closer to between trade in and retail.

#3 - So KBB says the 6RR is worth 6300$ high end, and they retail new for around 7,999$ MSRP, you don't think it cost you 1500-2000$ after you left the parking lot?? If you don't your misinformed, oh and we are alittle over a month away from 04, and 04 models are out, 03 models are now considered "Last years Product" which doesnt help valueing, for example, ever see dealerships blow out next model year bikes, nope! But we see a TON of LAST model year blowouts... Keep that in mind.

#4 - Most of the time KBB could care less about mod's, actully sometimes bikes are higher value if left bone stock, upgrades are usually worth pennies on the dollar when the bike is sold unfortunatly. So if you think a Yoshi Exaust which cost you 1100$ for your bike when you bought it increases the value more then 500$ your also mistaken.

Of course I could go on and on, however I think my 10+ years in the vehicle auction and wholesale business would be enough experience.

One last thing - KBB isnt the end all be all of pricing, if kbb says 6300 and you think its worth 7500, Try to get 7500$ for it, then after it doesnt sell for months and months, give kbb a try one more time :)

- This is not intended to attack or offend, just to be realistic.

Oh and P.S. - You can bet, 80% of perspective buyers will check blue book on bikes, and KBB is the #1 blue book in the world, There ARE suckers out there however, most don't " Take your Word" for the pricing of it :p


:x
 
Last edited:
Excellent post :thumbup

It is hard to admit it but unless you ride a harley :green your bike is lossing value every day.

That doesn't mean that you can not find a sucker :devil
 
Ducky_Fresh said:
I don't think KBB is a good source for the valuation of motorcycles.

Both of my bikes are not accurately valued.

$950 for a GS500 in great condition
$6200 for an 03 Kawi 6RR.

Riiiight.....

a lot of people are including the tax and registration price in their selling amount.

for example... oh, i'm paid 7800 otd... before tax, registration and set up fee... the bike cost probably about 7000 before all that! you expect the buyer to pay for your tax, registration and set up fee and have to pay tax and registration again at the dmv? hence the lost of value (thousands) when the bike leaves the dealer!

i don't think kbb included tax and whatever the seller have paid. it is just for the bike; not including tax and what not.
 
Last edited:
Back
Top