General topics » Trade In Value

As some of you may have seen my potential parts for sale because I'm actively looking for something a little bit larger for more comfort when 2 up touring, although the RS is still a very good bike and 3000 miles last month on tour was testament to this.

I have test rode a K1600GT SE and think this is the bike for me but actually I would like for a Lupin Blue K1600GT Sport 2017 model the only problem is the trade in value of my RS, it is a 2017 R1200RS SPORT SE with BMW panniers, it is on a 66 plate with 12200 miles, it had it's 12k service last month. The trade in values I have been quoted are £9250 best down to £8250 worst, I payed £14000 a year ago last May.

I thought if I was trading in against another BMW the value would be better than this, or is that just wishful thinking, what do you think.

Zitat von firebird1 im Beitrag #1

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As some of you may have seen my potential parts for sale because I'm actively looking for something a little bit larger for more comfort when 2 up touring, although the RS is still a very good bike and 3000 miles last month on tour was testament to this.

I have test rode a K1600GT SE and think this is the bike for me but actually I would like for a Lupin Blue K1600GT Sport 2017 model the only problem is the trade in value of my RS, it is a 2017 R1200RS SPORT SE with BMW panniers, it is on a 66 plate with 12200 miles, it had it's 12k service last month. The trade in values I have been quoted are £9250 best down to £8250 worst, I payed £14000 a year ago last May.

I thought if I was trading in against another BMW the value would be better than this, or is that just wishful thinking, what do you think.

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Do you pay tax on the MSRP or just the difference between MSRP and trade-in value?

Just curious. It varies by state in the US.

If you think that BMW motorcycle trade-in values are poor, you should check out the used electric motorcycle market. My observation is that actual electric motorcycle trade-in values depreciate at a rate of around 50% a year - if you can even convince a motorcycle dealer to take one in trade.

As most of us know there are certain times of the year that used motorcycle prices go up and certain times of the year when they go down, which varies from country to country and from area to area, usually having something to do with weather in the immediate location. As said before, motorcycles are really just toys in this age and their prices have more to do with local demand and maybe the current economy than what their perceived value is to the seller.

I know what you are saying and deep down inside me I agree with you but has anyone traded something in whether it be a bike or car and thought thats really a great price I'm getting on my vehicle, I think not, but there will always be that exception.

The thing I would like to say, is here in the UK perhaps 30 years ago when there were a lot more bikes on the road and dealers on every corner you were privileged if you had a BMW, the JAP bike riders would laugh at the overpriced under powered rattly Beemers, the BMW riders would say, well at least their bikes would hold their price compared to the JAP bikes, how things have changed.

Zitat von firebird1 im Beitrag #7

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I know what you are saying and deep down inside me I agree with you but has anyone traded something in whether it be a bike or car and thought thats really a great price I'm getting on my vehicle, I think not, but there will always be that exception.

The thing I would like to say, is here in the UK perhaps 30 years ago when there were a lot more bikes on the road and dealers on every corner you were privileged if you had a BMW, the JAP bike riders would laugh at the overpriced under powered rattly Beemers, the BMW riders would say, well at least their bikes would hold their price compared to the JAP bikes, how things have changed.

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Zitat von wessie im Beitrag #5

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Zitat von Mr. 36654 im Beitrag #4

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Do you pay tax on the MSRP or just the difference between MSRP and trade-in value?

Just curious. It varies by state in the US.

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New bikes: 20% VAT (value added tax) on full purchase price paid by the buyer
Used bikes: the dealer has to pay VAT on their profits which is factored into the price paid. This is a complex area as the figures you might see on your invoice are the figures you negotiate. As a buyer of a used bike, you will not know the price the dealer actually paid for the bike and any expenses they may have had getting it ready for sale. The dealer will have to keep a separate account for tax purposes showing each transaction on a vehicle (purchase price, any maintenance costs, showroom prep costs, salesperson commission and final sale price) to show the profit made.

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The best trade-in deal that I can recall receiving from a dealer is when I traded-in my 1991 K100RS with 65K on the clock in 2002 for the Yamaha FZ1 that I still own (and consider a much superior motorcycle to ride, BTW). The Yamaha sold for $8,500 and I received $6,500 for my K-bike. I was as happy as a clam about that deal. Unfortunately, the Yamaha dealer learned their lesson about taking a BMW in on trade. That poor RS ate up space on the dealership's showroom for almost 3 years before their service manager finally bought it and used it as a commute vehicle for his 100-mile ride to work each day. (I have no idea what the shop wanted for the RS as I was afraid to go look at the bike as it sat there gathering dust, year after year.)

I paid £14500 for my 9th Sept 2017 Sport SE (MY2018)
if you minus the 20% VAT thats £11600
1900 miles up
I doubt it would be worth more that £9,500
I dont use it much... and hope to more next year.... buying new is not something I will do again...( I have many many times- my first BMW) this was a retirement present to myself.
I toyed with the idea of getting a classic BMW Boxer instead from the 1950s... but I will keep my RS and use it... and it wont have lost any money (in my head at least)...

Depreciation is always annoying..... unless you are buying a bike that has depreciated!!
I did expect a BMW to depreciate less... i guess its a delicate balance between desirability- and supply...and economic conditions... if the 1250RS comes out... expect Used prices to trop an extra £1000...
Be careful what you wish for!!

I've always operated under the "buy High; Sell Low" rule! So the trade described sounds fine to me! ;)

FWIW, It is unrealistic to expect much money selling a used bike; trading it is even more of a loss since the dealer has to make a profit when selling it. Therefore, he can hardly be expected to give you the "market price" since that's all he can sell it for. He has to make some money or there's no reason for him to trade at all. The ONLY advantage to trading in as opposed to selling outright is that it's much less hassle. You hand them your bike and walk out with the new one. There's no hassle, no dealing with tire kickers and numerous phone calls/messages/emails. To me, in this situation, I'd trade in a heartbeat. But's that me....

One thing that usually works even worse than trading on a new same-brand vehicle is trading for a different brand. One of the things I have considered is trading my '17 RS for a Kawasaki Z900RS Cafe. I MIGHT talk to the local Kawasaki dealer about that when I get back to TX next week but I suspect his offer (not sure he'd even make one) on such a trade would make it unacceptable, even by my rather low standards. :)

So, IMO, it's all about how much you want to move the vehicle vs the money you want. Keep in mind that the money you want and the money anyone will actually pay is usually quite different. ;)

Zitat von MexicoMike im Beitrag #12

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I've always operated under the "buy High; Sell Low" rule! So the trade described sounds fine to me! ;)

... The ONLY advantage to trading in as opposed to selling outright is that it's much less hassle. ….. There's no hassle, no dealing with tire kickers and numerous phone calls/messages/emails. To me, in this situation, I'd trade in a heartbeat. But's that me....

One thing that usually works even worse than trading on a new same-brand vehicle is trading for a different brand.

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Wessie,

In the end I took your view, its only money and today took a deal on a 2017 K1600 GT SPORT.

334kg? Richard will have to buy 3 Chinese Bathroom scales to weight that bike.

At least, the reverse gear will help him maneuver on to the third scale