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Book Prices

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Ingah
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Joined: 10 Apr 2009
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PostPosted: 22:20 - 30 May 2009    Post subject: Book Prices Reply with quote

Have wondered this for a while:

When insurance/buying/selling motorcycles are concerned, everyone talks about "book prices", whether it's insurance companies taking the pee by only paying out said price when the bike is clearly worth more, or the dealer giving under book price for a P/X...

Where's the book?
What's it called, how do i get a hold of it to take a look?

I'm just very curious to know how much i'll get screwed over if i ever (god forbid) have to make a claim on my N-reg CB500 Wink
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Chriss
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Joined: 07 May 2005
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PostPosted: 18:20 - 31 May 2009    Post subject: Reply with quote

Hi, when I worked at Saga, they used Parkers, Glasses Guide and Auto trader (for similar examples). Then generally go for the lowest they could find and work up. Wink

Put simply, it probably won't be worth claiming for. By the time you get rid of the claim on your insurance history (5 years or some) and the excess, it'd be cheaper to buy a new bike yourself.
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MarJay
But it's British!



Joined: 15 Sep 2003
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PostPosted: 18:31 - 31 May 2009    Post subject: Reply with quote

The 'book' normally refers to Glass's guide or the GAP green book. I think its all a bit dodgy personally, a bit like price fixing for motor vehicles...

You won't be able to get a copy unless you're a motor trader, and a trader won't show you anything other than a page from it at a time, and it has thousands of pages. The only time a trader has let me look at it was when I was arguing the price he offered for a trade in on a car...
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Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.
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