Selling F700GS - Advice please?

[Cook1e]

A good friend needs to sell her recently-acquired F700GS for health reasons. She would like to sell quickly, but not drop too much money and has asked me to help.

Bike is just a year old, less than 3,000 miles, taxed November and has BMW panniers fitted. More details to follow when I have seen the bike this weekend. I'm not au fait with flashy new bikes, as all mine have been/are several years old and I tend to do cash sales/exchanges with mates of mates etc...

So, can the new bike experts please advise:

Appropriate asking price (I'm thinking around £7K, but open to suggestions)?
Is it going to be worth selling the panniers (and frames maybe) separately to make a bit more on the sale?
Where to advertise? MCN, Gumtree, eBay... Anybody much comparative experience?
She wants a trike - a part-exchange deal would be good, but seems unlikely considering the vastly different nature of the vehicle types, but who knows?

Photo below, more to follow if anybody would like a closer look.

Mods - would it be OK for me to advertise it on UKGS on her behalf?

Awaiting pearls of wisdom with bated breath... Bike located Richmond, North Yorks btw.

 

[marcusfordus]

Mid selling my own bike so I know the pitfalls at the moment (looking to swap for a 7/8GS).
F700GS new price £7680, if it had a comfort pack an extra £490. Dealers willing to buy your bike, or take it in PX will knock the original VAT of 20% off. No if's or buts on that, that's what the CAP book says that they all work from. Any additional mileage will knock more off that asking price.
To judge what they are going for use ebay and search completed listings for the same bike, that's what the right man in the right place is willing to pay at that time of year.
I've been in contact with a couple of sellers from MCN bikemart with their 700's. One thought it a good idea not to list the fact their was finance still owing on it and was going to pay it off from the sale of the bike. I didn't even ask another question, "walk away".
There is a good one listed on here as well as ebay, great price and still not sold. Same colour, less miles, so that's were it's priced at right now.
If you can't shift it at that price, remove the panniers sell them on their own and drop the bike only price to reflect it. Those panniers sell, always will being the genuine ones but don't expect as new money.
Your three choices for hitting the masses are ebay, MCN bikemart and Bike Trader. If it's too cheap dealers will see it and drive across the country to collect it, if it's too expensive you will have wasted your money unless you speak to a prospective buyer on the phone and do a deal throwing in some goodies to sweeten them.

This forum is a good place to sell as we know what we are looking at and in general get on with each other, you get to sell it to someone who wants that bike for what it is and not just to make a quick buck.

Now who want's a low mileage MT-09 so I can buy some of the lovely GS's off here

 

[Cook1e]

Thanks Marcus, some good advice there - will be seeing Denise and the bike at the weekend. Will get back when I have more details.

 

[Jayjayuno]

I would be interested in the panniers for my 650 twin if they fit and you were to sell separately.

 

[Cook1e]

Keep an eye open in the "spotted a deal" section, subject to the "selling for a mate" rule

 

[Gordyman]

WARNING

Hi Chaps n Chapesses
Further to all the good advice you have already received, I thought it worthwhile to mention an article that was in this months edition of Ride Magazine. Basically the author of the article had put his bike up for sale on EBay and had over 200 watchers. The bike was stolen while it was still on EBay. He honestly believes that it was the advert that attracted the thieves and they had time to check it out and case the area etc. The advice he gave was pretty much common sense but I thought it would be useful to mention here:
~ Always blank out the number plate on on line adverts
~ If the bike is easily accessed then take pictures so that it is not easy to identify the exact location
~ Give a general location of the bike rather than a small village type of location eg north Essex Area etc

Hope this helps and apologies if teaching you to suck eggs but I thought the article was a good and timely reminder.
Good luck with your sale.
Gordyman

 

[Cook1e]

A good point and well made, thanks.

I am always cautious with identifiable location for reasons of theft, but I don't see the point in blanking reg. numbers, though I know many folks do. Perhaps I am missing something, but the only danger I can see is someone wanting to "clone" the bike (or car), which they can do much easier offline, I would have thought?

Also thanks for the reminder to put the ad up for Denise! Will get on it later...