NADA/KBB prices....

outdoornate65 · 11-11-2012, 03:37 PM

How much stock do you folks put in the NADA and KBB prices commonly found on the net?

Are they a good tool for bargaining or a bunch of worthless crap?

Example: There is a local guy selling a 2004 KLR 650 for $3750. Low miles at 2700. Stock.

KBB and NADA both put the bike around $2500-2700....

Kommando · 11-11-2012, 03:46 PM

I don't put much stock in it. What's available locally and at what price?

My bank has a different opinion though. They'll only finance a bike based on book value.

outdoornate65 · 11-11-2012, 03:54 PM

Quote:

Originally Posted by Kommando

I don't put much stock in it. What's available locally and at what price?

My bank has a different opinion though. They'll only finance a bike based on book value.

Roger that....

I'm lucky to live in CO.....ground zero for DS bikes. Regardless, I'm new to buying used motorcycles so I'm trying to use any tools I can.

Thanks....

Nate

Gerg · 11-11-2012, 04:07 PM

NADA and KBB don't just pull those figures out of their butt. Unless there are expensive farkles there isn't any reason to go over the book price.

Remember, both books have retail and wholesale and both allow for low mileage and adders of the basic options (Bags, racks, large tank, etc)

Go see the bike armed with the info ready to buy. Worst case is you burn some time.

Gerg

Splendidtutional · 11-11-2012, 04:11 PM

They should be a good reference for a complete n00b, which it sounds like you might not be. They are ok to get an idea of what you might be able to expect, but they are all based on sales data provided by DMV's (kinda like real estate data prices) only they are subject to... inaccuracy because people under report what they pay for tax purposes. Also, the data is limited, so KBB and NADA, edmunds etc. have to extrapolate based on what data they do have. They have formulas and stuff, but when a vehicle is outside of normal parameters (like being 8 years old and only having 3000 miles) they get a little off. I am not up on the KLR market and definitely not in CO, but the price seems reasonable, as long as the carbs and fuel systems aren't all gummed up from sitting around.

Good Luck!

Grinnin · 11-11-2012, 05:36 PM

I can't imagine he'll ever get $3,750. A buyer with patience can find a similar bike for about $2,000 to 2,500 (although probably not with that extremely low mileage).

But I don't use those sources myself; I watch Craig's List, eBay, and Uncle Henry's (it's a Maine thing) and get an idea of what particular bikes are listed for in my area. (My '01 KLR was listed for $1,300 but with 6 times your example's mileage. It had no "issues".)

JTucker · 11-11-2012, 08:33 PM

I bought and sold an 02 KLR with 10k miles on it several years ago for $2k. I can't imagine one going for that much. Nothing seems to be selling well right now.

shakeybone · 11-12-2012, 07:29 AM

I don't think they are always accurate. The prices they come up with are biased on sales data from dealerships and dealer used car auctions. I don't think they always have enough data for motorcycles, especially older ones to come up with accurate prices.
For example a few years ago I had a 82 Yamaha 650 Seca for sale. Yamaha only sold this bike in the US for 1 year. Nada said they did not have enough sales data to price it, but KBB came up with something like $700 for top retail. At the time looking around at the few that were for sale around New England I priced it at $1700. Motorcycle Classics magazine even featured my bike in their "under the radar section", which looks at "future classics" and they have an "on the market" section that features a bike that is for sale. I sold the bike for $1200 locally.

Grreatdog · 11-12-2012, 08:49 AM

I found both NADA and KBB prices to be lower than a decent used KTM actually sells for in this area. I wasn't shopping anything but orange the last two times so those are the only ones I know for sure. KBB was closer than NADA but both were under what people actually get for them. Add a title and/or a license plate to that KTM, or any offroad bike for that matter, and then you are talking premium pricing.

When it comes to good used thumpers a few hundred dollars one way or another makes all the difference. If you dick around trying to talk the seller of a desirable bike down a few hundred to published pricing you are going to miss all of the nice ones. If you want a good used bike then use the books as a starting point and know what you are actually willing to pay regardless of the published price.

So not worthless crap - but not the Bible either. In other words: a guide.

11-11-2012, 03:37 PM	#1
outdoornate65 ^OP Adventurer Joined: Nov 2010 Location: Front Range, CO Oddometer: 68	NADA/KBB prices.... How much stock do you folks put in the NADA and KBB prices commonly found on the net? Are they a good tool for bargaining or a bunch of worthless crap? Example: There is a local guy selling a 2004 KLR 650 for $3750. Low miles at 2700. Stock. KBB and NADA both put the bike around $2500-2700....

11-11-2012, 04:07 PM	#4
Gerg Cupcake Joined: Dec 2001 Location: Left Coast Oddometer: 7,905	NADA and KBB don't just pull those figures out of their butt. Unless there are expensive farkles there isn't any reason to go over the book price. Remember, both books have retail and wholesale and both allow for low mileage and adders of the basic options (Bags, racks, large tank, etc) Go see the bike armed with the info ready to buy. Worst case is you burn some time. Gerg __________________ Greg OFFICIAL WARPED BEER MEISTER BOOF 160, AMA, RA, MOA, HOG Live life like you stole it! Your $5 off SMUGMUG Coupon is hESgLtqESqM1Q

11-11-2012, 05:36 PM	#6
Grinnin Forever N00b Joined: Dec 2005 Location: Maine Oddometer: 1,602	I can't imagine he'll ever get $3,750. A buyer with patience can find a similar bike for about $2,000 to 2,500 (although probably not with that extremely low mileage). But I don't use those sources myself; I watch Craig's List, eBay, and Uncle Henry's (it's a Maine thing) and get an idea of what particular bikes are listed for in my area. (My '01 KLR was listed for $1,300 but with 6 times your example's mileage. It had no "issues".) __________________ Motorcycles are magical.

11-11-2012, 08:33 PM	#7
JTucker Beastly Adventurer Joined: Sep 2008 Location: West By God Virginia Oddometer: 1,811	I bought and sold an 02 KLR with 10k miles on it several years ago for $2k. I can't imagine one going for that much. Nothing seems to be selling well right now. __________________ http://www.ktm-parts.com 03 Aprilia Caponord 06 Buell XB12X 05 XR650R 05 WR450F 87 T-dub

11-12-2012, 08:49 AM	#9
Grreatdog Beastly Adventurer Joined: Apr 2007 Location: Annapolis, MD Oddometer: 5,596	I found both NADA and KBB prices to be lower than a decent used KTM actually sells for in this area. I wasn't shopping anything but orange the last two times so those are the only ones I know for sure. KBB was closer than NADA but both were under what people actually get for them. Add a title and/or a license plate to that KTM, or any offroad bike for that matter, and then you are talking premium pricing. When it comes to good used thumpers a few hundred dollars one way or another makes all the difference. If you dick around trying to talk the seller of a desirable bike down a few hundred to published pricing you are going to miss all of the nice ones. If you want a good used bike then use the books as a starting point and know what you are actually willing to pay regardless of the published price. So not worthless crap - but not the Bible either. In other words: a guide. __________________ KTM 640 LC4E KTM 200 MXC XT200

11-11-2012, 03:46 PM	#2
Kommando Grumpy Young Man Joined: Nov 2006 Location: Spacecoaster FL Oddometer: 3,743	I don't put much stock in it. What's available locally and at what price? My bank has a different opinion though. They'll only finance a bike based on book value.

11-11-2012, 04:11 PM	#5
Splendidtutional What does that mean? Joined: Jun 2012 Location: the US Capitol Oddometer: 31	They should be a good reference for a complete n00b, which it sounds like you might not be. They are ok to get an idea of what you might be able to expect, but they are all based on sales data provided by DMV's (kinda like real estate data prices) only they are subject to... inaccuracy because people under report what they pay for tax purposes. Also, the data is limited, so KBB and NADA, edmunds etc. have to extrapolate based on what data they do have. They have formulas and stuff, but when a vehicle is outside of normal parameters (like being 8 years old and only having 3000 miles) they get a little off. I am not up on the KLR market and definitely not in CO, but the price seems reasonable, as long as the carbs and fuel systems aren't all gummed up from sitting around. Good Luck!

11-12-2012, 07:29 AM	#8
shakeybone Adventurer Joined: Dec 2010 Location: N.H. Oddometer: 12	I don't think they are always accurate. The prices they come up with are biased on sales data from dealerships and dealer used car auctions. I don't think they always have enough data for motorcycles, especially older ones to come up with accurate prices. For example a few years ago I had a 82 Yamaha 650 Seca for sale. Yamaha only sold this bike in the US for 1 year. Nada said they did not have enough sales data to price it, but KBB came up with something like $700 for top retail. At the time looking around at the few that were for sale around New England I priced it at $1700. Motorcycle Classics magazine even featured my bike in their "under the radar section", which looks at "future classics" and they have an "on the market" section that features a bike that is for sale. I sold the bike for $1200 locally.

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