Whats it worth..? 2010 Fireblade

[neatbik]

To cut a long story short i have been put in the position of helping a family member out.

Basically person A signs a large finance agreement for a '10 plate Fireblade, after 3 weeks the relationship goes tits up and i end up with the bike parked at mine.

Now, the dealer has offered to buy the bike back, but that would mean person A still owes 2k on the agreement.

I have been asked to try to sell it and keep her losses to a minimum.
The bike owes her 8k, i've looked on ebay, etc etc but the prices seem to be all over the place tbh.

Its done just under 5k miles, its in hrc colours and is in tidy condition. Standard apart from an r+g tail tidy.

Thanks for any input.

[Nexus Icon]

[swiftb]

Ive seen them as low as £6500 at the minute, can be picked up very cheap so very tempted to get one....... Il give her 6k for it - if its black.

edit - its not

[Alex A]

Probably about £7000 private, £8k from a dealer.

[Wafer_Thin_Ham]

[neatbik]

Cheers guys, i was thinking about 7k, thanks for your input.

Whatever happens she is going to lose out on it - shame i dont want it really.

I rode it yesterday, and i can confirm that there is a hell of a difference between a 50bhp 650 single and 160bhp inline 4..

[bike-shack.com]

Found this on my site for you as a comparison;

2010 Fireblade, 5.5k miles, ~£7,400

https://www.bike-shack.com/motorcycle/for-sale/honda/cbr/cbr1000rr-fireblade/187

The 7k mark seems reasonable to me.

Cheers,
James
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www.bike-shack.com - Probably the best free motorcycle classifieds website in the UK...

[Rogerborg]

It's bad enough that you're trying to sell it with a different name and address to the V5, you'll also need to see what an HPI check will say about it.

You'll want to take a good look at the "finance agreement" and see who actually owns the bike. I'd expect that you'll find that it's actually owned by the finance company. If so, you're two degrees removed from having title to sell it. The dealer is essentially an unrelated party.

Personally I wouldn't touch it, because even if you give the money to Person A, and even if she passes it on to the actual owner, if it's so much as a short then it's still the finance company's bike and they can come and take possession whenever they feel like it.

So, take a good look at the finance contract. You may find that your Person A can just walk away from the deal and the company takes their bike back.

If it turns out that she owes £8K or so outright, and doesn't have title to the bike, and can't clear the debt by returning possession, then you'd have to question whether that would pass the "LOLWUT?" test if she offered to see them in court.

Either way, don't take her word on it, read what you're getting involved with. And be a bit careful about dealing in a bike that neither you, nor the dealer, nor Person A actually has title to.
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[G]

The way it would generally work in a case like this is that say... you say "finance is owing". Presuming there's no handy credit cards with a high limit, when you get the money put in your hand, you pop to the bank, pay it in and pay off the finance over the phone (obviously need that extra bit too.)
You then hand the phone to the buyer who comfirms with the finance company the bike no longer has finance owing and so is now his property.

[neatbik]

Roger, person a took on the finance agreement, her boyfriend wanted the bike and managed to sweet talk her into it... The v5 is in his name, but as we all know that doesent mean he is the owner.

I have spoken to the finance company this morning. They are willing to
remove the hpi from the bike so it can be sold, and then person a will have to settle with them afterwards.

The person who is named on the v5 has accepted he is losing his new shiny bike, so there is no worries there.

Its all a bit of a mess, but hopefully she will have learned a valuable lesson at the end of it..

[G]

Oh and shouldn't there be a "sending the boys around" to recover the difference bettween the sale price and finance cost?... what's BCF coming to these days .

[neatbik]

I'm taking a back foot on this one in that regard - Its a long complicated boring story, but i tried to help out years ago and got it thrown back in my face, so now i just....

https://knowyourmeme.com/system/icons/554/original/facepalm.jpg?1248715065

[Rogerborg]

[Kris]

Does she need a new boyfriend? I quite fancy a new ZX10...


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[neatbik]

I'll ask her mate

[G]