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Offline zunkii

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depreciation question
« on: August 25, 2018, 10:04:47 PM »
My bike had a service yesterday and whilst I was in the shop I saw the new 850 GS with all the toys, a salesman, told me that a customer with a 1200GS had bought it and brought it back with 90 miles on the clock so a £12,200 bike as new, he would do a deal at £11.800  as a matter of interest i asked for a cost to change my XR on a 16 plate, bought exactly a year ago as an ex demo with 3500 on the clock, I its up to 8,000 now I paid £12K
Have a guess what his price was???

Offline Bree

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Re: depreciation question
« Reply #1 on: August 25, 2018, 10:48:14 PM »
Not enough,  :019: :019:
Everything  Will Be Alright In The End, If Not Then Its Not The End.

Offline PaulS1000XR

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Re: depreciation question
« Reply #2 on: August 25, 2018, 10:51:08 PM »
£9k  :305:
PSH

Offline wilbert

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Re: depreciation question
« Reply #3 on: August 26, 2018, 07:53:08 AM »
£8k. They don't call them main stealers for nothing.

Online Mareng1

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Re: depreciation question
« Reply #4 on: August 26, 2018, 08:51:17 AM »
Don’t like what they offer in PX?   Sell your bike privately.

“Stealers”.  :435:  Yeah - they make a fortune out of you.   

They pay VAT on the difference between purchase and sale price, overheads, they fund the time between purchase and sale, and also provide a warranty.   

PCP sales have killed second-hand values too - so part of the blame should be levelled at those who purchased that way?

The simple way to avoid depreciation. - is to buy the right second-hand bike.

Offline Martin

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Re: depreciation question
« Reply #5 on: August 26, 2018, 09:02:21 AM »
The first offer is usually the one they want you to take, not what they’ll actually give you,  After agreeing the discounted price for the XR, my trade-in started at £5250 which I considered an insult and left. The next day they offered £6400 which was a fair trade-in price for it.

The other way to approach it is to calculate the difference between what you want to pay for the new one and what you want for your old one.  That becomes your ‘price to change’ and the figure that you can negotiate towards. This leaves the dealer free to decide if the bike gets a heavier discount, or they increase the trade-in value.

Getting the best deal is all about timing, but only the dealer knows what they need to shift and when, so a lot comes down to being in the right place at the right time.

Offline Bree

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Re: depreciation question
« Reply #6 on: August 26, 2018, 09:14:15 AM »
Agree with the other comment. Buy a good used bike, already has all the bells and whistles attached. And a lot better price, of course if its a new one you want, then go for it. But you will pay the price of being the first to ride it.   :192:
Everything  Will Be Alright In The End, If Not Then Its Not The End.

Offline Martin

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Re: depreciation question
« Reply #7 on: August 26, 2018, 09:39:11 AM »
*Originally Posted by Mareng1 [+]
The simple way to avoid depreciation. - is to buy the right second-hand bike.

*Originally Posted by Bree [+]
Agree with the other comment. Buy a good used bike, already has all the bells and whistles attached. And a lot better price

That would appear to be exactly what the OP did.  If it’s a 16 plate purchased 1 year ago, they bought a 1 year old bike with 3500 miles.

Offline steveharleyuk

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Re: depreciation question
« Reply #8 on: August 26, 2018, 10:42:23 AM »

Have a guess what his price was???
[/quote]

And the answer is?

Offline zunkii

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Re: depreciation question
« Reply #9 on: August 26, 2018, 12:09:07 PM »
And the answer is............

They offered me £2,700 to change, which means that Paul S got it spot on.
i just thought that my bike dropped over £3k (25%) in a year which seems a bit steep.
Seeing as similar used XRs on MCN from main dealers are going fo 10.5, they wre looking at making a profit of £1500 on my bike plus the profit on their 850GS.
I just feel they are being too greedy.

 Zunk