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How much can you haggle on a new bike?

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Cuchulain
Nitrous Nuisance



Joined: 14 May 2011
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PostPosted: 20:20 - 26 Aug 2012    Post subject: How much can you haggle on a new bike? Reply with quote

After a lot of deliberation (Over two months in fact) I think I've finally decided on my next bike. A Honda CBR250r, and I'm going to buy it from new.

I know most people on here will think I'm daft, but honestly knowing what I want from a bike I think it's pretty spot on for me. And I'm buying new because there are very few used examples around and they are still at least 75% of the new price.

Plus Honda are doing 0% finance at the moment so I can pay it off £100 a month rather than having to find the cash upfront.

Anyway, back to the point of the thread. I've never bought a new car/bike before but I've heard that you should always try to 'haggle'.

So has anyone got any tips on how to get a deal? What kind of things should I be asking for?

Any help much appreciated.
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petechett
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Joined: 26 Aug 2012
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PostPosted: 20:46 - 26 Aug 2012    Post subject: Reply with quote

Hi
I'm not sure how much a CBR250 is but after he tells you how much it is just say would you take x amount. depending on how cheeky you feel. Just remember it's better to knock him down low enough that he doesn't say 'ok deal' on your first offer but not so low that it offends him. goodluck Smile
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thepuma
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PostPosted: 20:58 - 26 Aug 2012    Post subject: Reply with quote

Well, a couple of week ago I was convinced I wanted a Brand New Honda CBR 125R, so I basically sent all the local dealers the same email telling them I was in the market for that bike and whichever dealer gave me the best price would get my business

I got a call back from all 4 of my local(ish) dealers with prices.

The list price of the bike was £3400 and I managed to get them down to £2995. So going by that you're looking at about 11% discounted.

It's funny cos one would only knock £200 off max yet another was willing to take off £450.

I think it all depends on which dealer wants the business more, which salesman is needing one more sale to get his bonus etc etc.

I certainly wouldn't pay list price. Just get in touch with as many dealers as possible and haggle them against each other.
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chairmouse
Two Stroke Sniffer



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PostPosted: 21:00 - 26 Aug 2012    Post subject: Reply with quote

if your buyin from a reputable dealer he is not going to be offended if you do a bit o haggleing, the thing you have to rememver is that you are in the position of strength, especially in the currant financial climate, now is the best time to buy, and dont forget you get nothing if you dont ask
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P.
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PostPosted: 21:04 - 26 Aug 2012    Post subject: Reply with quote

Any reason you want to buy a new bike which will become useless from January onwards?

A new Hornet 600 will provide you with the same size, and even after you are finished being restricted, will provide fun as well.

(if you aren't restricted, going for a new 250cc would be stupid...might as well grab an old CB250.)
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Cuchulain
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PostPosted: 21:33 - 26 Aug 2012    Post subject: Reply with quote

##Paddy## wrote:
Any reason you want to buy a new bike which will become useless from January onwards?

A new Hornet 600 will provide you with the same size, and even after you are finished being restricted, will provide fun as well.

(if you aren't restricted, going for a new 250cc would be stupid...might as well grab an old CB250.)



I've heard this a lot, but I don't buy into this argument.

There will be people restricted to 33bhp until Jan 2015. Even so the CBR falls well under 33bhp, and sells very well in other countries that have no such restrictions so it's appeal isn't soley based on our current licencing laws.

The 250 ninja is Kawasaki's best seller in the US for instance.

The fact is it's a bike for people who want a cheap, realiable, quality bike that looks the part and has a decent badge attatched.

A hornet is £3k more and will do 20mpg less, and will cost more to tax and insure.
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P.
Red Rocket



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PostPosted: 21:38 - 26 Aug 2012    Post subject: Reply with quote

Cuchulain wrote:
A hornet is £3k more and will do 20mpg less, and will cost more to tax and insure.


But 3k with 0% is nothing for a bike with higher value and power.

The insurance, I also wouldn't buy that... costs me around £600 for a "Ninja" 250, where as an SV650 is £150. Neutral

It is probably a bad choice to buy a brand new 250, people will still be restricted, but lets face it 2 years of depreciation on a small single cylinder gutless bike, if you want economy, keep a 125, if you want a bigger bike, get one...but work out how much you will lose in 1, 2, 3 and 5 years.
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Cuchulain
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PostPosted: 23:07 - 26 Aug 2012    Post subject: Reply with quote

##Paddy## wrote:
Cuchulain wrote:
A hornet is £3k more and will do 20mpg less, and will cost more to tax and insure.


But 3k with 0% is nothing for a bike with higher value and power.

The insurance, I also wouldn't buy that... costs me around £600 for a "Ninja" 250, where as an SV650 is £150. Neutral

It is probably a bad choice to buy a brand new 250, people will still be restricted, but lets face it 2 years of depreciation on a small single cylinder gutless bike, if you want economy, keep a 125, if you want a bigger bike, get one...but work out how much you will lose in 1, 2, 3 and 5 years.


You're right about insurance actually. £250 for the cbr, £200 for the Hornet. Confused Makes no sense...

I really don't think the value will drop any more rapidly than any other new bike. And as it's only £4k to begin with it's not got much room to drop.

Cheapest 250 Ninja on bike trader is a 2008 it's listed at two and a half grand.
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Rogerborg
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PostPosted: 00:47 - 27 Aug 2012    Post subject: Reply with quote

Cuchulain wrote:
The 250 ninja is Kawasaki's best seller in the US for instance.

Do you live in the USA though?


Cuchulain wrote:
The fact is it's a bike for people who want a cheap, realiable, quality bike that looks the part and has a decent badge attatched.

It's not particularly cheap, and the reliability and quality are unknown as yet. The badge is no guarantee.


Cuchulain wrote:
A hornet is £3k more and will do 20mpg less, and will cost more to tax and insure.

An NC700S is £1250 more (comparing ABS against ABS), has the same fuel economy - perhaps better depending on your usage - costs more to tax but likely less to insure.

Then factor in depreciation, bearing in mind that the 250cc category is already unpopular. Actually, have you asked the local dealers if they even have a CBR250R available? And if they do, what's the parts supply for it going to be like?

If you want it, go for it, but I'm not sold on the value. If it was a grand cheaper, maybe, but it's not.

Have you considered going into a Suzuki dealer (it's nearly the end of the month) and asking what their best price is on an SV650S with a restrictor?
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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
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J.M.
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PostPosted: 08:39 - 27 Aug 2012    Post subject: Reply with quote

Cuchulain wrote:
There will be people restricted to 33bhp until Jan 2015. Even so the CBR falls well under 33bhp, and sells very well in other countries that have no such restrictions so it's appeal isn't soley based on our current licencing laws.


I think that most people buy bigger and restrict because it's cheaper to buy and insure and you can take the restrictors out at the end and have a faster bike without changing anything.

I didn't even consider getting a 250 when I passed my test. I got a 500 instead. I went for a GS500F, the most expensive version of the GS500, and picked it up for £1250. Then I insured it for £380 as TPFT with no security listed at all.

At the end of my restriction I either sell it restricted if there's still a market for that or I take the washers out one day and sell it de-restricted.
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Rogerborg
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PostPosted: 09:05 - 27 Aug 2012    Post subject: Reply with quote

Mmm. Bear in mind that I went the native 25kW route, and now believe that it was the wrong choice. The difference between (for example) a GPz305 (similar in size and performance to the CBR) and a GPZ500 is significant. The bigger bike is easier and much more satisfying to ride, even when you take performance out of the equation. It's also marginally lower than the 305, and the running costs are close enough that if you're bothered by them, you shouldn't be buying a new vehicle anyway.

The moment I got my feet up on 500 I quite literally ejaculated "DOH!" Doh! as I realised that TIME ON A TIDDLER IS REALLY WASTED. Shifty

Well, your call though. Back to your original question, what you absolutely don't want to do is to walk in having already decided that you're having the CBR. They can smell that, you'll walk out having paid full whack plus a service plan and the invisible rust inhibitor package.

Go in and ask why you should get an underpowered overpriced trinket with suspect parts support (and a truly hideous exhaust) that'll depreciate like a stone, rather than an SV650S with a free restrictor for (e.g.) £500 more. That's not a complete fantasy figure: unlike Honda, Suzuki's sales are in the toilet at the moment, they'll be gagging for the business and will discount heavily the moment you take a step towards the door.

Bring reasons why you shouldn't get it, scoff at the badge, keep hammering on the "bike for the money" equation, and be prepared to walk out without buying. You can always change your mind later and come back, they're not going to sell out overnight.

Let them persuade you on price and price alone. Or maybe convince yourself that it's not worth what they're asking... Wink
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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
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Timbo Foggins
Trackday Trickster



Joined: 21 May 2011
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PostPosted: 12:06 - 27 Aug 2012    Post subject: Reply with quote

Cuchulain wrote:

There will be people restricted to 33bhp until Jan 2015.


Very few of them will be buying a different bike whilst sitting out their restriction though, and there won't be any new 33bhp'ers to take up the slack.

It's just daft to buy a new 250 right now, when as Roger points out you could get a an SV650 or similar for a tiny bit more.
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Ayrton
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PostPosted: 12:27 - 27 Aug 2012    Post subject: Reply with quote

thepuma wrote:


The list price of the bike was £3400 and I managed to get them down to £2995. So going by that you're looking at about 11% discounted.


Shocked You would have to be mad to pay that for a cbr. You can get a decent one second hand for 1k.


OP, i would get something bigger. People who will be waiting out their restriction wont be buying bikes, theyl already have one or have the sence to buy something bigger that they can derestrict afterwards.
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Alex_B
Brolly Dolly



Joined: 15 Jul 2011
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PostPosted: 12:38 - 27 Aug 2012    Post subject: Reply with quote

Don't do this OP.

In 6 months you will want shot of it I reckon.

Just get a bigger bike, you do not have to buy a brand new Hornet either.
Very very nice 2nd hand examples all over the place and cheaper than a new CBR as well.

Shop around a little bit more.
Think what that money could buy you, DRZ <<< Just pure fun imo.

If you're that determined nothing will stop you and it's your choice and no one here will laugh BUT they will try to steer you in the right direction, most have already been in your position and have learnt the hard way.

Just sayin Smile
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Rogerborg
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PostPosted: 13:22 - 27 Aug 2012    Post subject: Reply with quote

Alex_B wrote:
no one here will laugh
Gagged

Just remember you're not going in there to make a mate. Every penny you can squeeze out of them is money that can go on hookers and beer, or you can waste it on insurance and petrol.
____________________
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
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thepuma
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PostPosted: 13:32 - 27 Aug 2012    Post subject: Reply with quote

Ayrton wrote:
thepuma wrote:


The list price of the bike was £3400 and I managed to get them down to £2995. So going by that you're looking at about 11% discounted.


Shocked You would have to be mad to pay that for a cbr. You can get a decent one second hand for 1k.


OP, i would get something bigger. People who will be waiting out their restriction wont be buying bikes, theyl already have one or have the sence to buy something bigger that they can derestrict afterwards.



Yep for sure, you can get an 8 year old, battered up,rusty, 30k on the clock used and abused by countless newbies CBR for £1000. But some people would prefer a brand new untouched one. Not everyone is the same, different people want different things from their bikes. Some people don't want the hassle of old bikes, don't want the MOTs, the extra potential for breakdowns, the increased running costs of old bikes.

And these types of people want new bikes. Nowt wrong with it. I decided against getting the brand new CBR 125 as my learner because I wanted to pass my test by the end of the year and know as soon as I pass my test ill want a bigger bike, so it seemed daft to spend that money on my learner when I could spend it on my big bike.

There's often logic to a lot of peoples advice, but we need to remember, not everyone wants to go down the natural progression. Some people may well be perfectly happy taking a cbt every 2 years and buying a nice new 125 to pootle round on for a good number of years.
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cdlxxvi
Nearly there...



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PostPosted: 14:56 - 27 Aug 2012    Post subject: Reply with quote



Last edited by cdlxxvi on 06:59 - 14 Jul 2020; edited 1 time in total
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Rogerborg
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PostPosted: 15:32 - 27 Aug 2012    Post subject: Reply with quote

cdlxxvi wrote:
##Paddy## wrote:
Any reason you want to buy a new bike which will become useless from January onwards?

Like, the engine has a time bomb? Or it will be illegal? Razz

Like, the 11,000 or so people in the UK with 25kW licenses will start to dwindle to nothing at the rate of about 500 a month.

Realistically, that's the pool of potential buyers, and many of them already get restricted bigger bikes. Yes, there will be a few folk with 35kW or full fat licenses who actively want a more economical bike, but they're axiomatically penny pinching povs, so how much are they going to pay for it?

Heh, there's only so many times we can give it "Noooooooooooo!", it's not like bikes are really that sensible to begin with.
____________________
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
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recman
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PostPosted: 15:40 - 27 Aug 2012    Post subject: Reply with quote

I got £250 off my new bike instantly, simply by saying I'd seen it being sold cheaper by another dealer.
Then I started haggling.
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Cuchulain
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PostPosted: 16:38 - 27 Aug 2012    Post subject: Reply with quote

Didn't realise the SV650 was so cheap actually...

You've definitely persuaded me to go and at least have a look at one.
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sidewinder
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PostPosted: 16:57 - 27 Aug 2012    Post subject: Reply with quote

i would go the sv route.Think about it now restricted to 33bhp for 2yrs.Then restrictors removed and instant power upgrade. Thumbs Up
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Rogerborg
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PostPosted: 17:11 - 27 Aug 2012    Post subject: Reply with quote

I'm not necessarily recommending an SV650, but I'm not joking about the price. Suzuki's dealers averaged less than 1 new bike each per week in July. If you can get out of the showroom without being offered a hefty discount on the list price, a free restrictor, and a "service plan" from Mrs Salesweasel, I'll be astonished.
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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
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dungbug
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PostPosted: 17:15 - 27 Aug 2012    Post subject: Reply with quote

Another vote for the SV to be honest, once the restrictors come off you'll gain the extra power and won't need to change the bike to get it. Thumbs Up

However if the 250R is the way forward for you then find all the Honda dealers around you and see which one will give you the best deal, do Honda offer free servicing on new bikes for a set period? I know Kawasaki have a similar deal running at the moment, might be worth looking at and asking for a similar deal (just lie & say you're looking at a 250 Kwak because you get free servicing). Wink
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cdlxxvi
Nearly there...



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PostPosted: 17:24 - 27 Aug 2012    Post subject: Reply with quote



Last edited by cdlxxvi on 06:59 - 14 Jul 2020; edited 1 time in total
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Polarbear
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PostPosted: 19:17 - 27 Aug 2012    Post subject: Reply with quote

cdlxxvi wrote:

Not really the very definition of "useless", unless of course OP buys a bike as an investment and not for riding Wink


Which is a fair point. Are you buying a bike because that's the bike you want, or that's the bike you will get the most back when you come to sell it.

I buy bikes I want, I've bought lemons and I've bought bikes no one else in the world wants. (Suzuki RE5 anyone Embarassed ) but WTF, it's my money and my fail Thumbs Up
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