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selling my bike

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stranger12
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PostPosted: 08:23 - 26 Aug 2014    Post subject: selling my bike Reply with quote

Hi All,

I have advertised my bike to sell it and so far in the past 2 month very few interests.

It is my first time dealing with sell of bike/car as usually will trade in .

I have waited almost 2 month and have dropped the price to the absolute maximum and still not much interest .

is that how bike sales are like generally ?

it is for my sv650.
It has not tax but moted it for 1 year.
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Eddie Hitler
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PostPosted: 08:24 - 26 Aug 2014    Post subject: Reply with quote

Got a link to your ad?
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Musketeer
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PostPosted: 08:47 - 26 Aug 2014    Post subject: Reply with quote

You can get a newer, fully faired SV with half the mileage for less than £2k. Why would anybody want to pay more than that for yours?
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devojunior
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PostPosted: 08:50 - 26 Aug 2014    Post subject: Reply with quote

When im looking for bikes or cars theres that many out there you need to make it appeal to a buyer, if theres no tax they cant jump on a nd ride away so just scroll to the next.

tax it and get a realistic price on it and it will sell.
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Rogerborg
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Joined: 26 Oct 2010
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PostPosted: 08:58 - 26 Aug 2014    Post subject: Reply with quote

Advert.

Looks OK, but there are a lot of SVs out there.

The big problem for me is that it's done nearly 30,000 miles. There are plenty of garage queens with much less than that on them. I'd just keep scrolling.

The "extras" add the square root of sod all to the value. Challenge: find an SV of that age that hasn't had a parts catalogue thrown at it.

I agree about the VED. Also, if you give a test ride and it gets ANPR snapped, you're the one who will get the nastygram.

Pictures are a bit potato.

tl;dr version - you're asking too much. It's just not worth what you think it is.
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Slacker24seve...
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PostPosted: 09:10 - 26 Aug 2014    Post subject: Reply with quote

My mate is selling a mint 11 plate with less miles for the same price.

You have an overinflated opinion of your bikes worth im afraid. SVs aren't exactly unicorns are they?

A no reserve eBay auction will give you a true market price.
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Cadbury
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PostPosted: 09:18 - 26 Aug 2014    Post subject: Reply with quote

I'd say the advert needs a little work, and it's a little over priced.

Quick example - 1 year newer, Half the mileage, fully faired, much clearer photos, £100 less: https://www.autotrader.co.uk/classified/advert/201408226797530/sort/priceasc/maximum-age/up_to_9_years_old/cc-to/700cc/model/sv/make/suzuki/usedbikes/advert-type/Classified/page/1/radius/1500/postcode/ml39nl?logcode=p
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stranger12
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PostPosted: 09:26 - 26 Aug 2014    Post subject: Reply with quote

thank for this.

will take more photos .

I bought it for £2600 and spent quite a bit on it plus I did change the tyre £130.

Looking around some dealers are selling theirs which is half decent for £2500.

What do you think is the price I should be adversiting it as ?
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Knacker
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PostPosted: 09:35 - 26 Aug 2014    Post subject: Reply with quote

If I was looking at buying your SV I'd point out your Mullered yoke, it's dirty, not taxed, High mileage, Exhaust badge knackered.

Apart from those it's not a bad looking bike but as mentioned already there's a few of them about, and for your year and mileage you wouldn't see £1700 from me let alone £2100.
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Muldoon
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PostPosted: 09:39 - 26 Aug 2014    Post subject: Reply with quote

stranger12 wrote:
thank for this.

will take more photos .

I bought it for £2600 and spent quite a bit on it plus I did change the tyre £130.

Looking around some dealers are selling theirs which is half decent for £2500.

What do you think is the price I should be adversiting it as ?


£1800. Dealers sell for £2500 to cover their costs, make a small profit and sometime even include 3 months warranty. That's why you pay extra from them and pay less but risk it privately
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Nick 50
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PostPosted: 10:22 - 26 Aug 2014    Post subject: Reply with quote

Linky:

https://www.ebay.co.uk/sch/Suzuki-/9808/i.html?_from=R40&_dcat=9808&Model%2520Year=2005&_nkw=sv650&LH_Complete=1&rt=nc

That is for Completed Listings on e-bay for 05 SV650.

By the looks of it, you'll be lucky to get much more than £1500 for it unfortunately.
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TheArchitect
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PostPosted: 10:34 - 26 Aug 2014    Post subject: Reply with quote

If you can't tax it (because it's no longer insured and sorned), then mention that in your ad and work the cost of the tax out of the price.

When I sold my scooter I majorly overvalued it at first. Didn't get a bite for ages. Then adjusted the price and threw in an old disc lock and all of a sudden it was sold.
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Rogerborg
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PostPosted: 10:37 - 26 Aug 2014    Post subject: Reply with quote

stranger12 wrote:
I bought it for £2600

Not relevant.

stranger12 wrote:
and spent quite a bit on it

Nobody cares.

stranger12 wrote:
plus I did change the tyre

So it's got one good tyre.

Sorry to be harsh, but there are far too many sellers out there who price based on what they've spent. As a buyer, that's of absolutely no interest to me. All I care about is the bike's condition, and its price relative to other similar bikes.

It's a 9 year old relatively tired example of very common budget bike. If you walked into a dealer today (end of the month) you might be able to bag a brand new example for £4750, or closer to £4K for a pre-reg or an older model year.

I wouldn't pay more than £1500 for yours as advertised. Actually, I wouldn't want it at all with that mileage when there are so many others to choose from.
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trevor saxe-coburg-gotha
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PostPosted: 11:04 - 26 Aug 2014    Post subject: Reply with quote

Mint?!?!? MINT??

Wow.

If that were my ad it would be "clean" and/or "straight" at best. But that's just me I suppose.

Oh and I would shave at least a grand off it.
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Diggs
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PostPosted: 11:08 - 26 Aug 2014    Post subject: Reply with quote

Just a small note - potential buyers are put off by those sort of photos, as the blurry effect is often used by shysters trying to hide something...
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beardface
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PostPosted: 11:21 - 26 Aug 2014    Post subject: Reply with quote

What you spent on it and what it cost you has no relevance on worth, read 10 sale ads for an sv of around the same year and spec (private ads not dealers) and compare prices/milage/condition etc then you will have an idea what yours is worth Thumbs Up
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stonesie
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PostPosted: 11:26 - 26 Aug 2014    Post subject: Reply with quote

Mk1GSF wrote:
Lol you paid £2600 for an SV650??? Laughing Laughing Laughing


I paid 3K for mine, it had 3,300 miles on it and was immaculate though.

I will say that I wouldn't even consider a bike with no tax, I have no access to a bike trailer or van so I would need to ride it home.
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Musketeer
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PostPosted: 11:33 - 26 Aug 2014    Post subject: Reply with quote

It's possible that somebody pays higher price if a bike is really in good condition with low miles.

I paid a lot for my bike, but it was truly mint with 6k miles on the clock and locally so I had no hassle to travel further + my limited time doesn't allow me to view many bikes anyway. So based on circumstances it is possible to sell for higher price.

But that's not your case I'm afraid.
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Vracktal
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PostPosted: 11:38 - 26 Aug 2014    Post subject: Reply with quote

Rule of motorbiking; the bike you want next holds its value like a Fabergé egg, the bike you own at the moment depreciates like a condom after the deed.

The only exceptions are bikes so rare only a handful of people managed to get one, and even then only if they're never actually ridden.

I feel your pain though, I'm trying to sell my BMW at the moment and even pricing it under everyone else i'm still having no interest. Riding season is coming to an end too, so all the fairweather bikers will be hanging up their gear for the year and looking at cars instead.
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RhynoCZ
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PostPosted: 11:44 - 26 Aug 2014    Post subject: Reply with quote

Seems to me the SV curse strikes again. My mate lost 1000 pounds selling his SV, on fresh tyres. I called him stupid, he called me stupid, and he never got a bike again. Laughing
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Diggs
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PostPosted: 11:56 - 26 Aug 2014    Post subject: Reply with quote

Its only worth paying top dollar for a bike if it really is exceptional and you want to keep it for years. This has been my philosophy and if you take out the cost of running it, consumables etc you usually get back more than you paid. For anything else or 'run of the mill' you have to be canny/lucky to break even imo. Even doing a bike up costs you more than you get for it unless it happens to be one that goes silly price-wise e.g. 250 two stroke or 70s/80s Jap trail bike.

Accept the loss, sell it for whatever you can and move on....
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bugeye_bob
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PostPosted: 12:13 - 26 Aug 2014    Post subject: Reply with quote

stonesie wrote:
Mk1GSF wrote:
Lol you paid £2600 for an SV650??? Laughing Laughing Laughing


I paid 3K for mine, it had 3,300 miles on it and was immaculate though.

I will say that I wouldn't even consider a bike with no tax, I have no access to a bike trailer or van so I would need to ride it home.


From October you wont be able to buy a car or bike with tax.
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