Residuals?

[The_Pilot]

Is it me or do 1200GS residuals seem to have taken a bit of a kicking in the private sector? Certainly compared to 1150 or GSA residuals.

Dealer prices seem to be firm but I have noticed a lot of very new, very low mileage bikes advertised very cheaply both on this forum and biketrader etc.

This is of slight concern to me as I have a 12gs and do a good few miles and one of the reasons for buying a BMW GS was good residuals.
A warning to 12GSA purchasers not to pay a premium?
Could the situation be exacerbated with the advent of the 12GSA

Could this be the downside of increased sales and the number of new to BMW riders that are regular bike changers anyway i.e. the supply demand equation.

This only occurred to me as I began to look for a 1150GSA because of a desire for greater fuel range and the expectaion of not being able to afford the upgrade to a 12GSA and so was considering a value for my 12GS.
I was a little surprised to find 12GS values falling behind the same year 1150GSA values despite similar specs. I was expecting not to have to find more money for an 1150.
Discuss?

 

[cookie]

i would expect 1200 GS prices to fall again when the GSA version comes out.

 

[JohnnyBoxer]

When I bought me 1150GSA in March this year, the dealer retailed (and achieved) £100 more (at £8300) for my 2004 1150GS, than a mate's 2004 1200GS, same spec (standard bikes, except for same factory extra's), with same miles (within 200 miles) in same condition and reg at same month in 2004.
Strange but true.........1150's seem to command higher prices, but this is probably due to massive increase in sales of 1200GS, over previous GS models, so increased the numbers out there.

 

[Teddy]

I have been the owner of my 1150 Adventure for over a year. I've put on 12,000 miles this year and made sure that I have kept it clean. It doesn't surprise me that my old 1150 is worth as much as a newer 1200gs. The new bike doesn't have the presence and quite frankly looks a bit weak when placed next to my old girl.

Last year I actually saw mine increase in second hand value, this coming from the horses mouth at my local dealership while I was discussing buying the last of the 1150 adventures.

 

[Wizard]

Unfortunately the residual value of teh 12 will be considerably lower from about March. Around March you normally see loads and loads of Fireblades, GSXR's etc. one year old, low milage, 2-3k cheaper than new. This year the 12 is the fastest selling new bike..... next year it'll be the fastest selling nearly new bike.

I got mine to do at least 150k over the next 10 years, so residuals aren't much of a concern

 

[blackbird]

What you will find that there are many cheap bikes out there this time of year as we get near winter, if you think residuals are poor for the GS12 take a look at what the jap bikes are going for! I was in Fowlers Bristol last week and they had a new Honda VTR 1000 SP2 marked up for £7800 list price on that bike is close to £10,000.

 

[yellowisfriedegg]

When I was looking for my GS a couple of months ago now I was told by a few people buy the 12 , it's lighter / faster / newer / better , but I had my mind set on an adventure , high second hand prices were one of the reasons , they also seem to be pretty rare compared to 12's , maybe that helps them to hold their price

 

[The_Pilot]

Although a few GSA's seem to be advertised for lower than usual money too lately?

 

[Wizard]

Bit less demand on the GSA's too, since a) it's about to become discontinued, and therefore less desirable (i.e. "old".... not ment as an insult) b) peeps are waiting to see what happens with the 1200GSA.

 

[Patch]

Just sold my GSA for £100 more than I paid for it a year ago and after putting 13,000 miless on the clock in the interim. I decided that when the 1200 GSA comes out the 1150's will take a hit so bailed.

 

[The_Pilot]

Possible couterpoint would be that 1150GSA no longer available, cult, if very different bike to the 12GS, likely to remain more 'exclusive' than the 12 and owners do seem passionate about them....a future classic?

 

[Jim-Adv]

Its because the jap bike crowd have taken the 1200 to their hearts and are selling before the winter like they do with the lastest jap metal. Long may it continue so that we can snap up those low mileage bargains.

 

[wibble]

Just sold my GSA for £100 more than I paid for it a year ago and after putting 13,000 miless on the clock in the interim. I decided that when the 1200 GSA comes out the 1150's will take a hit so bailed.

How much did you sell it for?

 

[Whele]

Its because the jap bike crowd have taken the 1200 to their hearts and are selling before the winter like they do with the lastest jap metal. Long may it continue so that we can snap up those low mileage bargains.

……No Stereotyping there Jimbob

Except that doesn’t seem to be the case.

Go and have another look in the for sale section - When checked against the guide prices the 1200GS and 1150ADV most seem to be £500 to £1000 over the recommended tag

What make me laugh is that disgruntled owner then go off to e-bay/bike trader/MCN only to crawl back a week later with slightly more realistic idea about the price.

I would have imagined that Mr BM Seller would come here first and offer the price discounted, (a) to members/friends on the forum and B) to save the hassle of time wasters and the risk of somebody ripping you off (crooked cheque, coming back and knicking the bike robbing the house etc)

Maybe its because BM owners as money grabbing capitalist graduates from business school or accountants sitting in their ivory tower without a clue about the real world, looking at their bike ownership business plan on the stylish Sony laptop whinnging to their mates about the fall of their investment sitting in the garage with 1200 miles after 3 years of ownership.

Forgot to add

 

[Grazoid]

Anyone else ...

... out there just buy bikes to ride... every bike I have ever owned has sold at a loss ... usually as it is past reasonable repair due to high mileage wear and tear and off to a breakers.

Never ever considered a bike on what I can do with it finacially , rather how much fun it will give me.

 

[Mzokk]

... out there just buy bikes to ride... every bike I have ever owned has sold at a loss ... usually as it is past reasonable repair due to high mileage wear and tear and off to a breakers.

Never ever considered a bike on what I can do with it finacially , rather how much fun it will give me.

Here Here

 

[Rollo]

Only my opinion....

I expect prices of Adventures to stay firm as there is a definite market that wants the bigger and seemingly more durable bike, the low gear and less technology. The bike will remain the best bike for its purpose and nearly new, low mileage bikes will become sought after (as they are now).

The market for the 1200 GSA will come, to a large part, from disaffected 1200 GS riders wanting the better and latest variation with a bigger tank. Consequently, there will be an oversupply of 1200 GS's and the prices will fall, but not crash.

 

[wessie]

The used value of all bikes are taking a big hit at the moment. This is driven by many manufacturers heavily discounting unsold stock. There are "brand new" 2004 models of some bikes in the showrooms.

Whilst BMW seem to be bucking the trend as far as new sales are concerned the overall slump in the used bike market affects every marque. Dealers become less willing to take part exchanges and therefore the supply in the private sale sector exceeds demand. Potential BMW buyers are bound to be tempted by bargains in other marques.

This is nothing new. Last time this happened it was driven by the mass influx of parallel imports. Manufacturers responded by dropping prices for a 1 litre sports bike from £10k to £8k. Many of the parallel importers went bust soon after.

This time, the demand for bikes overall is less. My theory is that this is caused by the number of people in the 25-45 age group shrinking as the 1960s baby boomers reach the upper limits of that range. Consequently, dealers are pre-registering 1 litre sportsbikes and selling them for less than £7k. This is exemplified by a friend buying a Kawasaki ZX10R for £6500. He kept his 4 year old GSXR1000, now worth about £1500 as a winter commuting hack!

What MUST happen is another correction in the market. All manufacturers will have to bring down their list prices to allow the market to stabilise again. I love my GS and it is likely to keep me happy for many years to come. If it ever needs replacing there is no way that I'd consider a new 1200 costing £10k

Lots of people might not be happy if a major price correction hits the market. For me it would be a good thing. On paper some people might "lose" money as their £9k machine reduces in value by £3k in a short space of time but the overall benefits would be better. More people might enter the market again; insurance payouts would reduce which might be reflected in lower premiums; owning a second bike might become affordable for more people (me!) and those borrowing money to buy a bike would pay interest on a smaller sum.

 

[jonnie comet]

Originally posted by GRAZOID

usually as it is past reasonable repair due to high mileage wear and tear and off to a breakers.

Not 'bikes, but literally every single car I have ever owned........