So i use KBB for trying to find a fair price on used bikes and cars. i take trade in value and what a dealer would charge and somewhere in the middle is a fair price IMO. Anyone else do this ? Or does this not apply to bikes. Found a 2010 Smt990 with 11000 + miles and the guy want 9500.00 for it. If I do the above example it should be around 7100. The bike does have extras that would add maybe 500-800 more. So is this fair or not ?
Depends on how bad you want it. Not a lot of those bikes on the market at a given time, so they don't go cheap.
I bought a 2010 SMT with ~1000 miles for $9k in August Bike was pristine and had expensive mods that I wanted (Ti Wings, DNA mkIII, Shorai battery, etc) so I think I did pretty well. I haven't seen them sell for much less than that unless they have a good bit more mileage. They just aren't a very common bike. Also, this should be in Road Warriors...
KBB and NADA guides are generally low for bikes except for the retail (dealer) price. It is all about condition and extras. As the other guys mentioned, availability of the bike can have a significant impact on price too. Your best bet is market research and how much you want to pay. With all of that said, there are great deals out there, you have to know what you want and be ready to buy (cash). I buy and flip vehicles whenever the opportunity presents itself. Good luck with your search/purchase
I think that the main reason that NADA and KBB exist is to give lending institutions a value on which to make a loan. I doubt that real world riders are determining these values, but the banks need a guideline based on depreciation numbers. NADA seems to be more commonly used. Many lenders will loan or advance more than the book value states, but usually no more than 125-130% in my experience. Also, if a seller gets pissed at an offer, that seller is either thin skinned and/ or a poor businessperson. Unless the ad says Firm in the title, I assume the seller's asking price is a start to a negotiation to reach a fair price to both parties involved.
Both tend to be low. Especially for instance on the SE. Yes, the SE is a little out if the norm, but even so, the SE is a cash purchase because banks use the values posted by both companies and not sales data. Think NADA is a little over $4k for a '07. I'd love to buy SE's for that. :)
On the flea bay. A good source for what things actually sell for. SMTs were not a great seller, so despite being rare they don't/didn't move fast. Cool bikes. Sometimes I think about putting none in my garage.
I've done quite a bit of research and trying to find the lowest price like everyone else. Another site has pricing for KTM's. guys are claiming new 13's for 10,800 before taxes. So thats why 9500.00 for a used bike 2 years older and 11000+ miles seems high to me. But you have to be in the area to get the deal. Time you add shipping, price is getting up there. Well thanks again. Guess i'll go see the bike and make an offer. All he can say is no. Let you know what happens.
I bought my spankin' new 13 in June for 12500. At the time, guys on the SMT thread reported brand new 12 for 10500 and 13 for 11500. I don't know where or how they found them, but the msrp on my 13 is 13999 so I was happy with 12500. SMT hold their value well. I see 10s with big mileage for 9k+. It's mostly because it says KTM on the side but once you ride one you will understand. For what it's worth - you wouldn't buy a ktm because "it's a good deal." Go buy a Yamaha. You buy a ktm because it's a ktm and maybe you get a good deal on the ktm. Lou
I have owned and ridden KTM`s for years. And the one thing I can say is that they do hold there value better than most. And KTM riders are always believe their bikes are worth 25% more than they should be.
-Update- So I procrastinated to long. bike is sold. Dam ! Oh well, the search continues. Thanks for all your help everyone !