Poor Trade In Offer

les049

les049

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So today i happened to be passing the Triumph dealers in the local town. Initially went in to see if they had on of those new XC800 thingies.

But a very shiney fully loaded Rocket 3 Tourer winked at me and made me "thats nice".........and just for the sake i asked what the trade value of my 09 R1200GS fully loaded with 10K on the clock against it.

Feck me if i nearly passed out, £7 fecking K, could nt believe it....now i dont keep a track on the bikes depreciation but that cant be right (according to Glass's that is).

I looked at it all shiney and nice then looked outside at the pissing rain, remembered I had my GS waiting back at my workplace which needed riding home at the end of the day in that rain and that brought a smile to me, and I remembered "thats why i bought a GS" Feck em all !!
 
When I bought my 08GSA new from South London Motorrad I asked for a trade in quote for my 06GSA that I had bought new from them and been serviced by them . It was unmarked , 20 months old , well spec'd but with 41,000 trouble free miles on it . Quote was £4400 !:eek: Depreciation of £6250 in 20 months ! Trade in price gets hammered they said if over 4000 miles a year irrespective of BMW trading on their ruffty tuffty round the world capabilities .:eek
 
Sad but believable......

I recently asked how much trade in I'd get on my 1150 RT against a 1200GS at my local BMW dealers...... '02 plate with 42,000 on the clock. Well below what I expected dribbled out of the dealer's mouth...

Asked him why so low & he said 'it's over mileage for its year'

FFS ! 02-10; 8 years; 42k so just over 5k a year. Not excessive really is it????

I thought these bikes were supposed to be used to tour & were good for many a mile. Obviously not when you want to trade them in back at the dealers :mad:

Moral - dealers will tell you all sorts of shite when they want to sell you something, but are only in the game for profit, profit, profit.

PS walked out & will continue to run my very reliable, comfortable bike for a few years yet. Might pop into the dealers for a free brew when I'm passing but they are unlikely to make much money out of me for a good few years yet ;)
 
I'm afraid that's the way the vehicles sales business operates.

No matter where you go, dealers will only give you a trade price which is way below the retail price you will see in the showroom. The Triumph dealer for instance would have rung his local BMW dealer and asked for a price. The BMW dealer would then have given him an underwrite to take the bike off him. The BMW dealer is taking a punt because he hasn't een it and doesn't rea;;y know what it's like. You may say it's mint but we've all been caught by customers who are economic with the truth:augie

The dealer then has to take the bike in, clean it, service it, advertise it, possibly do minor repairs and put tyres on etc etc. he then has to put a warranty on it, cover his overheads and make a profit (because that's how business's survive) one of which are cheap. Oh, he alos has to stock the vehicle in case it doesn't sell immediatly which involve tieing up capital for maybe a few months.

That's the way it work's so never be surprised at a p/x value. It's no real indication of the bikes retail worth.

HTH
 
Why anyone ever trades a vehicle in is beyond me:nenau

Just sell the thing on fleabay or on here. How hard is it to take a few pics and write an ad?????

Surely it's got to be worth the extra few grand you could get:nenau
 
Frodo said:
Sad but believable......

I recently asked how much trade in I'd get on my 1150 RT against a 1200GS at my local BMW dealers...... '02 plate with 42,000 on the clock. Well below what I expected dribbled out of the dealer's mouth...

Asked him why so low & he said 'it's over mileage for its year'

FFS ! 02-10; 8 years; 42k so just over 5k a year. Not excessive really is it????

I thought these bikes were supposed to be used to tour & were good for many a mile. Obviously not when you want to trade them in back at the dealers :mad:
Click to expand...

So, a dealer told you an 8 year old bike with 42K on the clock isn't worth a load of money???

Really???:rolleyes:

Moral - dealers will tell you all sorts of shite when they want to sell you something, but are only in the game for profit, profit, profit.
Click to expand...

And you've only just worked out that dealers want to make money?

You need to get out more :rolleyes:
 
I always discuss a cash sale on any new bike, your low trade in is probably already boosted by the dealer having a decent margin in sticker price.

I was offered £5200 for my mint 2 year old ZZR1400 - with or without the £3k of luggage and extra's, the cheapest I found a same year bike for in a dealers was over £6k and most were around £6500 - £7000.

But the dealer would knock £400 off for cash, so the real trade in price was just £4800, so I stripped off all the extra's and sold them for nearly £1500, then put bike up at reasonable £5500 of fleabay and first too see bought at £5300.

Effectively I was £2k up over original dealer, even the base bike got £500 more and sold within a week, I maybe could have got more if I waited longer or sold at a better time of year, but either way a trade in would have been a disaster.

Once I have cash price I then ask about px just in case I cannot sell my bike, just to underwrite a potential deal in a worst case, in 20 years I have never failed to sell a well priced bike quickly and every private sale I have ever made has been to the first person who came to look - and all of them well above trade in value.

Not that I like defending dealers who often do take the piss, but remember also a lot of shi**ers get traded as anyone with a bike they know has a major issue is more likely to trade it than risk a set-to with a private buyer.
 
Sgt Bilco said:
I'm afraid that's the way the vehicles sales business operates.

No matter where you go, dealers will only give you a trade price which is way below the retail price you will see in the showroom. The Triumph dealer for instance would have rung his local BMW dealer and asked for a price. The BMW dealer would then have given him an underwrite to take the bike off him. The BMW dealer is taking a punt because he hasn't een it and doesn't rea;;y know what it's like. You may say it's mint but we've all been caught by customers who are economic with the truth:augie

The dealer then has to take the bike in, clean it, service it, advertise it, possibly do minor repairs and put tyres on etc etc. he then has to put a warranty on it, cover his overheads and make a profit (because that's how business's survive) one of which are cheap. Oh, he alos has to stock the vehicle in case it doesn't sell immediatly which involve tieing up capital for maybe a few months.

That's the way it work's so never be surprised at a p/x value. It's no real indication of the bikes retail worth.

HTH
Click to expand...

Yes thats very true.And 7k wasnt a bad shout really,its bang on the book price.
A lot of non BMW showrooms would be valueing it a fair bit less at this time of year.
It hurts i know but thats the reality of paying retail prices and then selling back to the trade.
 
I traded my 08 GSA with 18,000 miles on in March last year for an 2010 model. I was offered much less at first than I thought it was worth, again because of the "high mileage", but...it needed a service and tyres about £400, and after my next Tour in a month it would need a 24,000 major service and more tyres @ £530, then it's worth even less...So I tried 3 other dealers for the p/ex and the difference in price was £1200...

So taking into account how much I'm saving by not having service and tyres, that puts an extra £400 odd into the equation for a start, then it looks better, plus it's really about how much I have to pay out to change, not how much mine's worth.

In the end I was totally satisfied, as I had an value of what mine was worth against how much dealers are selling them for AND it was still in their showroom 4 months later and only advertised at a couple of hundred more than I got in the p/ex! sorted:augie
 
Frodo said:
Moral - dealers will tell you all sorts of shite when they want to sell you something, but are only in the game for profit, profit, profit.
Click to expand...

An astute observer walks amongst us.

We are not worthy etc. etc. etc.
 
wreck diver said:
It hurts i know but thats the reality of paying retail prices and then selling back to the trade.
Click to expand...

As the late great Tommy Cooper observed:

TC. "Doctor, doctor, it hurts when I do this" (raising arm)

Dr. "Don't do it then"
 
les049 said:
So today i happened to be passing the Triumph dealers in the local town. Initially went in to see if they had on of those new XC800 thingies.

But a very shiney fully loaded Rocket 3 Tourer winked at me and made me "thats nice".........and just for the sake i asked what the trade value of my 09 R1200GS fully loaded with 10K on the clock against it.

Feck me if i nearly passed out, £7 fecking K, could nt believe it....now i dont keep a track on the bikes depreciation but that cant be right (according to Glass's that is).

I looked at it all shiney and nice then looked outside at the pissing rain, remembered I had my GS waiting back at my workplace which needed riding home at the end of the day in that rain and that brought a smile to me, and I remembered "thats why i bought a GS" Feck em all !!
Click to expand...

£7k was good:augie
 
Huge magins at dealers... partly for profit 9obviously), partly to run the dealership costs and all the free coffee and arse tickling...:augie

Sell private and if you know a bit buy private. Shark infested waters...

PS Imagine if it was the Triumph in a BMW dealer...:eek:
 
prices are low cos every twat has one, they're hardly rare any more and a dealer has very shiny premises, polish costs a lot these days
 
Nippy Normans supply Touratech, Wunderlich, Desert Fox and many other makes of accessories.
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