Part Exchange with bike dealers - will they rip me off?

GhostRider · World Chat Champion Joined: 31 Jan 2008 Karma :

My waters are telling me it's time to say fare thee well to the Hornet and move onto something more spicy.

Currently debating between Speed Triple/Sprint and GSXR750 - but thats a different thread altogether. Nonetheless a lot of adverts on autotrader are from dealers who part-exchange. Now I pretty much already guessed that they won't give me the market value for it per se, but I guess what I want to know is how much lube should I take with me before making enquiries? And in any case, is that how it's done, roll up on my bike and ask how much they'd offer for P/X?

GhostRider
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I have all the characteristics of a human being: blood, flesh, skin, hair; but not a single, clear, identifiable emotion, except for greed and disgust. Something horrible is happening inside of me and I don't know why. My nightly bloodlust has overflown into my days. I feel lethal, on the verge of frenzy. I think my mask of sanity is about to slip.

P.addy · *Formerly known as* P. Joined: 14 Feb 2008 Karma :

Work in cars, not bikes.. but PM me your reg and i'll see what the prices are for trade in.

Heres an example..
Someone brought a Daewoo Matiz into us... see them going on ebay with stellar mileage for £800+
This one has 47,000 and we bought it in part ex from them for £129 Rolling Eyes

Dealers can be arseholes Thumbs Down

waffles · World Chat Champion Joined: 04 Oct 2009 Karma :

Part exing anything is convenient, the flip side to that is that you get an insanely low price for it.

Do you want a new bike RIGHT NOW!!! or can you hang on for a little while and sell the hornet privately?
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Past rides Yamaha XT125X, Triumph TT600, Honda XR250
Current rides Suzuki GSXR 600, Honda MSX125

Jayy · Mr. Ponzi Joined: 08 Jun 2009 Karma :

I took my KTM in to a dealer, they offered me £1000 for it. I laughed and left. The engine seized and I sold it for £1000. Go figure?

Sam_Y_93 · World Chat Champion Joined: 04 Nov 2009 Karma :

From what I have seen car wise it all comes down to mileage and condition, what year, mileage and overall condition is it in?
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GhostRider · World Chat Champion Joined: 31 Jan 2008 Karma :

Mileage is currently 38.5k

It's a 2000 plate.

Condition.....well there's a few problems with it, nothing major but generally dodgy electrics by whoever installed the twin headlights means the killswitch doesn't work, the revometer doesn't work (except when you turn all lights off!?!) and the backlights on the dials do work except that there's a lose connection somewhere so most of the time they are off.

Other than that it's in pretty good shape I'd say, pics would obviously help mind so might try and upload a few later but was going to save that shizzle for a "value my bike" thread...

Sure it's convienient, but only because I don't want to sell my bike then sit around waiting for a month to find one, I can handle the commute to work etc but I do things on the side outside of work which require me to be mobile right across the city of Birmingham so I would stand to lose a lot of money by sitting around waiting to find one, hence if I saw one in a dealers that ticked all the boxes I'd want to seal the deal asap.

GhostRider
____________________
I have all the characteristics of a human being: blood, flesh, skin, hair; but not a single, clear, identifiable emotion, except for greed and disgust. Something horrible is happening inside of me and I don't know why. My nightly bloodlust has overflown into my days. I feel lethal, on the verge of frenzy. I think my mask of sanity is about to slip.

CaNsA · Super Spammer Joined: 02 Jan 2008 Karma :

You will always get a stupidly low price when part-ex through a dealer.

I bought my 1st zxr for 1500, was offered 400 in part ex, sold it a week later for 1500 via private sale.

I doubt i will ever part ex a bike.

But in defense of the dealers, they do have overheads for things they should do.
Service
Repairs
and other stuff.

GhostRider · World Chat Champion Joined: 31 Jan 2008 Karma :

Ugghhh, no way would I take anything resembling that price for it.

Looks like I'll have to bite the bullet and hope there's decent bikes going when I eventually do sell, probably be a month or so yet at which point maybe there will be some good deals as people retire for the winter...

Looking on autotrader and eBay doesn't help though, I'm seeing good looking deals slip through my fingers Crying or Very sad

GhostRider
____________________
I have all the characteristics of a human being: blood, flesh, skin, hair; but not a single, clear, identifiable emotion, except for greed and disgust. Something horrible is happening inside of me and I don't know why. My nightly bloodlust has overflown into my days. I feel lethal, on the verge of frenzy. I think my mask of sanity is about to slip.

Sam_Y_93 · World Chat Champion Joined: 04 Nov 2009 Karma :

Yeah I don't think you will get much in a part ex. Looking at private I imagine about 1200-1400 at the most, seen them go for more and less, a lot of mixed prices out there for hornets. If you can get a single light on there, that was the biggest put off for me when looking. In doing so you might be able to sort out the dodgy electrics and add £100 to the asking price or so
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Bikes Past: Yamaha Aerox (sold) Yamaha R125 (written off)
Bikes Current: Honda VFR 400 (awaiting restoration) Honda CB600f F-4
Theory passed July 21st Mod1 passed August 3rd Mod 2 passed 26th August

P.addy · *Formerly known as* P. Joined: 14 Feb 2008 Karma :

I tried just a 2000 W plate hornet in our used price/part ex.

With 38k you are looking at a "clean" price of £560 Neutral

angryjonny · World Chat Champion Joined: 01 Sep 2006 Karma :

The less a bike is worth the more you'll get robbed, in a sense. Dealers have to make their mark-up and selling a bike is selling a bike regardless of what it's worth. So if it's worth 5k they may offer you 4. If it's worth 2k they may offer you 1. For any vehicle worth 2k or less I'd expect to be offered half its value as a PX.

P.addy · *Formerly known as* P. Joined: 14 Feb 2008 Karma :

njd27 · Trackday Trickster Joined: 14 May 2007 Karma :

L-Jam · World Chat Champion Joined: 15 Jan 2008 Karma :

Hmmm I dunno, I just PX'd my CBR W plate for £1800 and that was after 2 ebay listings at 1700 and it didn't sell either time.
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GhostRider · World Chat Champion Joined: 31 Jan 2008 Karma :

Gerrard · Spanner Monkey Joined: 15 Feb 2011 Karma :

Some dealers will give a better trade in price on a higher priced bike..
If you are in no rush then advertise and sell it yourself, you never know.
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Shaft · World Chat Champion Joined: 27 Dec 2010 Karma :

P.addy · *Formerly known as* P. Joined: 14 Feb 2008 Karma :

evoboy · World Chat Champion Joined: 20 Aug 2009 Karma :

At our dealership we seem to give good prices on part ex's. ( more than i would offer the customer anyway!)

We also make money out of it.
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Shaft · World Chat Champion Joined: 27 Dec 2010 Karma :

Polarbear · Super Spammer Joined: 24 Feb 2007 Karma :

I traded in my 2007 year busa for my Street triple. I had had it advertised for a while at £5500 with no interest so I went in to ask what they would offer me and they said £5000 in standard condition. I was quite suprised at being offered that much.

So once I took all the extras off and sold them on ebay I actually ended up with more than the £5500 I wanted in the first place.

They had my bike up for sale at £6250 and it was gone within a couple of weeks.

I suppose some people want the peace of mind of buying from a dealer with a warranty.
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timsmith · Two Stroke Sniffer Joined: 09 Jun 2011 Karma :

Yes you could be "ripped off" by a dealer with a trade in but you don't have to say yes to the deal. If the dealer has a bike you want go and speak to them and actually find out what they will give you. It does no harm to ask for a price without trade in as well. Always focus on price to change, not how much you get for your bike or how cheap the bike you are buying is. tbh as your Hornet needs electrics sorting out a trade in may be your easiest option. Have fun anyway!
Tim

GhostRider · World Chat Champion Joined: 31 Jan 2008 Karma :

Some pictures trying to catch the imperfections:

https://i479.photobucket.com/albums/rr160/TicallionStallion_2008/photo-2.jpg

https://i479.photobucket.com/albums/rr160/TicallionStallion_2008/photo8-1.jpg

https://i479.photobucket.com/albums/rr160/TicallionStallion_2008/photo7-1.jpg

https://i479.photobucket.com/albums/rr160/TicallionStallion_2008/photo6-1.jpg

https://i479.photobucket.com/albums/rr160/TicallionStallion_2008/photo5.jpg

https://i479.photobucket.com/albums/rr160/TicallionStallion_2008/photo4-1.jpg

https://i479.photobucket.com/albums/rr160/TicallionStallion_2008/photo3.jpg

https://i479.photobucket.com/albums/rr160/TicallionStallion_2008/photo1.jpg

I think I might take a drive to a few bike shops in the locality on Saturday and get some quotes, as said it can't hurt to ask.

GhostRider
____________________
I have all the characteristics of a human being: blood, flesh, skin, hair; but not a single, clear, identifiable emotion, except for greed and disgust. Something horrible is happening inside of me and I don't know why. My nightly bloodlust has overflown into my days. I feel lethal, on the verge of frenzy. I think my mask of sanity is about to slip.

stonesie · World Chat Champion Joined: 04 Jul 2010 Karma :

Spend a bit of time with some autosol first, stansion tops in perticular.

The Hornet seems a popular bike so they should be able to move it on but they might be less generous with thier offers if it looks unloved, they may think it has a higher chance of a warranty come-back and ball ache for them.

Polarbear · Super Spammer Joined: 24 Feb 2007 Karma :

Are you talking a large mainstream dealer like George Whites or Chiswick Honda? They will just pass that onto a 'lower' level dealer. They won't want it at their premesis.

Their only interest will be in getting you to buy a bike off them and if they have to offer on your Hornet they will, but it will be peanuts. They would rather not even bother with it I expect.
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