GSX-S1000 Depreciation

[Bordtea]

How far is this going to go in the short term do we think? There's a couple up ATM in the £6500-7000 band for a '15 or even '16 plate with a couple of thousand miles on the clock. Seems to be exceptional value in terms of a purchase price, but, as with all vehicles it's all about the depreciation!

https://www.ebay.co.uk/itm/2015-15-SUZUKI-GSXS-GSX-S1000-GREY-RIDE-AWAY-TODAY-/282158096043?hash=item41b1eedeab:g:kb4AAOSw9IpXyMTj

https://www.autotrader.co.uk/classified/advert/201609308298088?make=suzuki&model=gsx-s1000&atcido=soc-bikes-twt001

I'm a big fan of nakeds - currently own a 2011 Speed Triple - but I'm pining over something with ABS and Traction Control at the moment. This seems to tick all the boxes and the purchase price is significantly cheaper than an MT-10/S1000R.

They're somewhere around £8500 new so they've already dropped a lot of value already, should I expect the trend to continue and therefore a large cost to burden if I were to purchase, or could this be an opportunity for some cheap motoring?

Any thoughts/insights appreciate - discuss!
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Triumph Monkey 🐒

[Wafer_Thin_Ham]

They'll continue to free fall. It's a Suzuki so they'll start doing 0% finance on new ones soon. MT10 is better if uglier. Tuono V4/SuperDuke are better if you want a head banger.

If you like it, get it, but don't kid yourself into thinking it'll hold it's value.
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My Flickr

[Polarbear]

If you are looking into depreciation you aren't buying a bike for the right reasons. You buy a bike because you want that bike, not because it will save you 3d in the future.

A bog standard family car I can understand, there are many similar that do the same, but a bike is for enjoyment.
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Triumph Trophy Launch Edition

[Rogerborg]

It's too early to know how savagely the S1000 will depreciate, but... Suzuki.

It's selling all right at the moment (by Suzuki standards), so they're not in the fire sale just yet.

The ABS model is significantly more popular according to howmanyleft. I'd expect a fair number of non-ABS bikes to be pre-registered in the next few weeks to beat the Euro4bollocks deadline, so if cost is the overriding factor and you're not dead set on ABS, you may want to make a derisory offer on a non-ABS now, or wait until just after Xebusmass to see if they blink and start the BOGOF deals.

They're supposedly running a 3 year warranty offer up to December 31st 2016 but seem to have gone very quiet on it, and it requires Suzuki dealer servicing to qualify.

Whatever you do, you'll want to chisel every penny out of them. I genuinely lolled when I saw a nearly new GSX-1250F in a local independent dealer stickered at higher than the new Suzuki list price. He said he'd just valued it as a trade in just as Suzuki slashed their new prices (yet again) and now he was stuck with it.
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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

[andys675]

£8500 is £7000 plus VAT roughly which you lose soon as you push it away from the dealers

as they're cheap and there's silly deals on them they will sell loads, the more there is the more choice used buyers have so the lower price ones sell quicker
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Some people feel the rain, others just get wet.

[stevo as b4]

You bought the wrong bike if you are thinking about depreciation IMO. If not your one of them, who wants to try lots of things, different types of bikes, gets bored easily, or just wants to keep up with all the new models and latest things while they are new.

I know car people like this, and they argue that it's always best to have the best cars in their class while they are newish and most fashionable or in demand. They say it's best having say a new Golf GTI when it's new, have your fun with it and move on to the next thing, before it looses all its value or starts costing you money. I've heard people say I could only afford to own/run/lease XX car for a year, but what a year and then they go back to a cheap living within their means vehicle.

Others say let the fools own them and lose all the value in 10years, and then buy it cheap, fettle it back to great condition, and put a load of aftermarket parts on that are now widely available and better than the OEM parts in some way.

Apart from.the desire of people to be fashionable or popular I see no reason why having new latest models is better than an older model? If it's an economic decision and a question of reliability or just a simple tool for a job then fair enough.

But wanting to be the first bloke to have a new R1 etc, and only have intentions of keeping it a year or so in case a so called better bike comes out is silly.

[ZX-7R]

List prices are £9599 for ABS,or £9499 carbon non-ABS,or £9999 carbon ABS.

Great value IMO and has a retuned K5 engine.

I really like them myself and is definately a bike i would consider if looking for a naked.
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Current Bike - 2000 ZX-7R

[Bordtea]

[Rogerborg]

[Mawsley]

[G]

Indeed - plenty of bikes I've bought for utilitarian purposes and have bought cars purely for fun/"I want it".

[ZX-7R]

[ackack]

I have one and there already has been a 0% offer on this bike. you can still pick the 2015-2016 pre reg or even new for a grand off the list price.
Great bike and now it has quite a few optional extras you could always haggle that into the price. Just make sure it has the latest ECU or at least get them to correctly adjust the TPS to make the throttle snatch go away.
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"fli hi mi angle"

[Rogerborg]

Mmm, maybe. The S1000R starts at £10,350, the MT-10 at £10,136.00, both with ABS as standard, so it's not a world away even if you're paying ca$h up front.

If you're renting on PCP, the Suzuki is likely to cost you more because of (on topic, even!) depreciation.
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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

[Bordtea]

[Matt B]

Have you actually ridden either the GSX or the MT10 yet? You could be overthinking the potential depreciation on a bike that it turns out you don't even want.
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stinkwheel: He had an animated .gif of a cat performing fellatio. It's not socially acceptable. It can have real life adverse effects on other people.

[Polarbear]

[Bordtea]

[craigT19]

[Rogerborg]

Heh, that's a good point. A new Yamaha appears: buy it quick before the price goes up. A new Suzuki appears: don't touch it until the price inevitably drops.

Small anecdote, not many hurt, but my local bay is turning into a bit of a Yamaha showroom. FZ6 S2, MT-07, Tracer 900 side by side yesterday.
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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