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Old 11-02-2003, 09:15 AM   #1
faz
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A free pricing advice for those who REALLY want to sell their bikes

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!! --
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Last edited by faz; 11-06-2003 at 11:34 AM..
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Old 11-02-2003, 09:43 AM   #2
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bump for you
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Old 11-02-2003, 09:46 AM   #3
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Good advise Faz...

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.
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Old 11-02-2003, 10:33 AM   #4
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Old 11-02-2003, 11:22 AM   #5
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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.
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Old 11-02-2003, 12:38 PM   #6
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buuuuuump
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Old 11-02-2003, 12:58 PM   #7
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i think it's worth a sticky.
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Old 11-02-2003, 01:04 PM   #8
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....but now I wont read it
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Old 11-02-2003, 01:22 PM   #9
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Old 11-02-2003, 08:18 PM   #10
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bump bump bump
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Old 11-02-2003, 08:27 PM   #11
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Originally posted by m3beamerboi
bump bump bump
Ummm....its called a sticky because its "stuck" at the top, and needs no more bumps....

Good looking out for Faz though
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Old 11-03-2003, 09:58 AM   #12
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If there wasn't a sticky.....



BUMP BUMP BUMP
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Old 11-03-2003, 01:13 PM   #13
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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!
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Old 11-03-2003, 02:55 PM   #14
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Old 11-03-2003, 03:16 PM   #15
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STOP BUMPING ITS A STICKY :P
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