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What bikes are best for buying and selling?

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harjxp
L Plate Warrior



Joined: 22 Oct 2020
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PostPosted: 17:57 - 22 Oct 2020    Post subject: What bikes are best for buying and selling? Reply with quote

Hi there I've tried looking over the internet for a clear cut answer to this but haven't found much help. Maybe i'm looking in the wrong places?

I'm a beginner to larger cc bikes (i.e 600 and above) (and to this forum site) but increasingly getting into this great hobby. I've dealt with quite a lot of 125cc bikes though.

Also might as well mention that I'm under the age to be able to ride these larger bikes (legally speaking but otherwise perfectly able) so my transportation will be vans, trailers and deliveries to my home.

My question is which bikes are best for buying and selling? I.e what brands, any year models that I should avoid? Should i stick to only Japanese bikes? and anything else you think might help me.

Im open to any type whether thats cruisers or sportsbikes etc. I would be selling on the likes of gumtree, facebook marketplace, ebay etc and doing so for obviously a bit of profit and also just to expand my knowledge of this hobby and have fun along the way.

Thanks
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sickpup
Old Timer



Joined: 21 Apr 2004
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PostPosted: 18:26 - 22 Oct 2020    Post subject: Reply with quote

Cheap ones that run and need no work to make a profit.
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harjxp
L Plate Warrior



Joined: 22 Oct 2020
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PostPosted: 19:10 - 22 Oct 2020    Post subject: Reply with quote

sickpup wrote:
Cheap ones that run and need no work to make a profit.



Any models in particular? Got my eyes on an almost mint kawasaki zx7r for £950. How does that sound?
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MarJay
But it's British!



Joined: 15 Sep 2003
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PostPosted: 19:21 - 22 Oct 2020    Post subject: Reply with quote

It's harder than you think. You need to know the bikes upside down and inside out. Not in terms of mechanicals but in terms of their uses, their quirks, why owners buy, why owners sell, why owners keep them. Bikes aren't like cars. The people who buy are by definition enthusiasts. If your knowledge is not as good as the buyer, they'll eat you alive or walk away.

I don't think you can make a profit unless you know your onions. I've sold the last 4 bikes I've owned for what I paid, or £100 or so more than what I paid, but I've generally put money into them during my ownership time. I've been riding for 20 years and know every bike I buy very well.

I almost started doing as you intend to do during a period of being between jobs, but I realised it's a good way to throw money down the drain unless you're completely ruthless and can trade with zero emotion. I don't think I can do that so I didn't bother. I have made money on bikes, but I've owned them, I've ridden them, and I've cherished them in between times. Flipping them doesn't generally work as far as I can tell.
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Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.
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arry
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Joined: 03 Jan 2009
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PostPosted: 19:32 - 22 Oct 2020    Post subject: Reply with quote

harjxp wrote:

Any models in particular? Got my eyes on an almost mint kawasaki zx7r for £950. How does that sound?


I'd somehow seriously doubt that.
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harjxp
L Plate Warrior



Joined: 22 Oct 2020
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PostPosted: 19:55 - 22 Oct 2020    Post subject: Reply with quote

MarJay wrote:
It's harder than you think. You need to know the bikes upside down and inside out. Not in terms of mechanicals but in terms of their uses, their quirks, why owners buy, why owners sell, why owners keep them. Bikes aren't like cars. The people who buy are by definition enthusiasts. If your knowledge is not as good as the buyer, they'll eat you alive or walk away.

I don't think you can make a profit unless you know your onions. I've sold the last 4 bikes I've owned for what I paid, or £100 or so more than what I paid, but I've generally put money into them during my ownership time. I've been riding for 20 years and know every bike I buy very well.

I almost started doing as you intend to do during a period of being between jobs, but I realised it's a good way to throw money down the drain unless you're completely ruthless and can trade with zero emotion. I don't think I can do that so I didn't bother. I have made money on bikes, but I've owned them, I've ridden them, and I've cherished them in between times. Flipping them doesn't generally work as far as I can tell.



Thank you for the reply
So far I've been making around £300 average profit per bike (I started on just £190 capital half a year ago). I've found a fair amount of good deals on the 'larger bikes' but its literally just the in-depth knowledge I require. I know the mechanical but like you said the other things like quirks and uses and the general market is what I need to expand upon which I guess I can obtain via experience as the main contributor. E.g I genuinely have found a zx7r thats in good condition for £950 and im going to go check it out in a day or 2. Whats confusing me is the skepticism and where it comes from when i've clearly found good deals (which I personally inspected with my current 'limited' but growing skill) and produced a healthy profit from?
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wr6133
World Chat Champion



Joined: 31 Dec 2013
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PostPosted: 20:00 - 22 Oct 2020    Post subject: Reply with quote

harjxp wrote:

almost mint kawasaki zx7r for £950.


At that price it's not "almost mint". Infact (unless you are blowing the seller) it's a nail.

Best way to make money is to find bikes that need no to minimal work, pay half of what they usually selling for (selling for, not what people are asking there is a difference), shine it up, take some very flattering photos and put up for sale. These days this is very hard to do, every man and his dog have the internet and they all want to buy/sell shit on it, gone are the days of sniping a bargain on eBay/Gumtree.

Don't try doing up basket cases, I've been lucky enough to be given a couple of bikes that were dragged out of barns. Both ended up being gifted on (in boxes), one (Yam SRX) looked saveable but on strip down the frame was rotten in multiple places, the other (Yam V75A) was so obscure and undesirable necessary parts were no longer available. Had either cost me any more than Diesel to fetch them I would have been left burned.
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Tdibs
Traffic Copper



Joined: 16 Jan 2015
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PostPosted: 20:21 - 22 Oct 2020    Post subject: Reply with quote

[quote="harjxp"]
MarJay wrote:

E.g I genuinely have found a zx7r thats in good condition for £950 and im going to go check it out in a day or 2. Whats confusing me is the skepticism and where it comes from when i've clearly found good deals (which I personally inspected with my current 'limited' but growing skill) and produced a healthy profit from?


Mainly because £950 is well below market value unless something is wrong or its got north of 70k on the clock. Im on my 5th bike, every single one has needed money putting into it right away. Nobody is completely honest in their sale.

Ive mulled over doing a similar larp on the side. My conclusion is the outlay in tools alone means you will never make a profit unless you more of a specialist with high end bikes. Or work in a garage already and want something on the side.

I would also imagine the 125cc market is actually the most profitable. Unknowing learners are most likely to be willing to pay more of a premium. The bikes are very simple and parts/consumables are generally cheaper.

The main thing is to be constantly trawling the sales sites and have cash ready to go instantly. The good deals last hours only. Its incredibility easy to pickup a dog.

Post the advert of the zxr if you feel like it, people here will be able to sniff out if its a deal or not. Why is it £950? its not because the owner is feeling charitable!
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MarJay
But it's British!



Joined: 15 Sep 2003
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PostPosted: 20:25 - 22 Oct 2020    Post subject: Reply with quote

Ok... if you know better than us, and can make money from it, why are you asking? I certainly wouldn't be advertising the fact if I were in your position.
____________________
British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.
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arry
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Joined: 03 Jan 2009
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PostPosted: 20:48 - 22 Oct 2020    Post subject: Reply with quote

harjxp wrote:

So far I've been making around £300 average profit per bike (I started on just £190 capital half a year ago). I've found a fair amount of good deals on the 'larger bikes' but its literally just the in-depth knowledge I require. I know the mechanical but like you said the other things like quirks and uses and the general market is what I need to expand upon which I guess I can obtain via experience as the main contributor. E.g I genuinely have found a zx7r thats in good condition for £950 and im going to go check it out in a day or 2. Whats confusing me is the skepticism and where it comes from when i've clearly found good deals (which I personally inspected with my current 'limited' but growing skill) and produced a healthy profit from?


Read your own post back to yourself. You don't have the knowledge of a ZX7R owner would have but think you can buy one that's 'almost mint' for less than a ZX-7R owner with knowledge of the bike would actually sell one for.

Why would the current owner do that? The second hand bike market is pretty buoyant right now - or it certainly was in the first round of hard and soft lockdowns, which is probably why you've had the success you've had?
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Ste
Not Work Safe



Joined: 01 Sep 2002
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PostPosted: 21:16 - 22 Oct 2020    Post subject: Reply with quote

Buy that ZX7R and then try to sell it to us.

If it's in good condition and you can get it for £950 then you'll easily be able to get a decent profit and the buyer would still be getting a bargain.

Or you might get to discover that your definition of good condition is different to what other people think.

It sounds like you're wanting to buy from people who're undervaluing their bike when trying to sell it. If you can browse through thousands of listings on eBay and pick out the ones which are easily worth more than the asking price then go for it. Thumbs Up

Buy the ZX7R and sell it to us. Do it now. Mr. Green
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arry
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PostPosted: 21:26 - 22 Oct 2020    Post subject: Reply with quote

The other slight point of order here is that cheap good bikes get sold in a lot less than a day or two.
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wr6133
World Chat Champion



Joined: 31 Dec 2013
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PostPosted: 21:50 - 22 Oct 2020    Post subject: Reply with quote

arry wrote:
The other slight point of order here is that cheap good bikes get sold in a lot less than a day or two.


Hour or 2 at most.

I think my GSXR was on eBay for about 45 minutes before I arrived at the sellers door waving a wad of cash.

I was wanting to buy a pre-unit bullet yesterday for £700 (was a bit of a mess), called the bloke less than an hour after he had listed it and it was gone already.

I lost out on a Grom a while back too. The time it took me to put shoes on and walk 3 streets away a dealer had phoned up and dropped a bank transfer.
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stinkwheel
Bovine Proctologist



Joined: 12 Jul 2004
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PostPosted: 22:06 - 22 Oct 2020    Post subject: Reply with quote

Push bikes. You can pretty much name your price at the moment.
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I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.
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Robby
Dirty Old Man



Joined: 16 May 2002
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PostPosted: 09:03 - 23 Oct 2020    Post subject: Reply with quote

I think this is a terrible idea, but there are three things I have found over the years.

1. You make the money when you buy, not when you sell. You need to be buying cheap. This means being the first one to turn up with a van and cash.
2. 125s are the easiest to sell. The buyers don't know what they are buying, and the money often comes from a parent. Your job is to get on with the customer's dad.
3. Sales go a lot quicker if I'm wearing overalls and my work bench is tidy. Looks like I know what I'm doing.

In this case I would be trying to move cheap Chinese 125s and scooters with a long MOT.
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Bhud
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PostPosted: 12:20 - 23 Oct 2020    Post subject: Reply with quote

Wikipedia wrote:
The Kawasaki Ninja ZX-7R was a motorcycle in the Ninja sport bike series from the Japanese manufacturer Kawasaki produced from 1989 until 2003. It remained largely unchanged through its production


Buy new fairings as necessary, and dial in your preferred mileage:

https://www.ebay.co.uk/itm/Kawasaki-ZX7-R-Ninja-ZX750P-1996-03-NOS-MPH-Speedometer-Clock-Unit-25005-1597/183934203699?hash=item2ad3553733:g:2CkAAOSwg9hdZ~29

Mint.

Something tells me I would have drawn the short straw if I ever bought a bike from this guy.
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oilyrag
Nova Slayer



Joined: 07 Oct 2020
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PostPosted: 17:41 - 23 Oct 2020    Post subject: Reply with quote

If you're good at lying and have no shame and no morals you'll make money buying and selling bikes and cars.
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Kentol750
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PostPosted: 18:53 - 23 Oct 2020    Post subject: Reply with quote

Was the zxr750 in the uk until 95ish. And then it was unchanged till 2003.
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struan80
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PostPosted: 22:34 - 23 Oct 2020    Post subject: Reply with quote

Pick an Iconic motorcycle from the 70's, 80's or 90's then wait. What is deemed an iconic bike is another matter.
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zark
Trackday Trickster



Joined: 18 Dec 2013
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PostPosted: 00:21 - 24 Oct 2020    Post subject: Reply with quote

+1 for 125s being where the profit is.
Always a demand for the solid performers, CG, YBR etc...
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Blah blah
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Joined: 05 Mar 2015
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PostPosted: 09:38 - 24 Oct 2020    Post subject: Reply with quote

Presumably the OP has informed HMRC that they are a trader and is fully aware of the implications that go with being a trader...
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winz
World Chat Champion



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PostPosted: 10:56 - 24 Oct 2020    Post subject: Reply with quote

Blah blah wrote:
Presumably the OP has informed HMRC that they are a trader and is fully aware of the implications that go with being a trader...


THIS!

I've got a friend who buys (mainly) bikes to sell, he goes through stages with different marquees, a while back it was BMW (Ks Rs) but always a bit special and top spec. Think he also has had a load of Ducatis at one point, some super low mile Multistradas and different flavour of Panigalis, he did sell one to a friend of his and the engine blew, cost him about 3k in repairs being an honest trader with that. Every Ducati he has goes to a specialist for any services and work, everything else he does. Pretty much deals in low mile, (actually) mint bikes, and in his words 'dripping in ohlins all the good stuff'. He's continually up and down the UK picking up and delivering bikes too. Anything a little quirky too. Just do your research and know your stuff.

Might as well give him a little plug as he is a top bloke. https://www.cultmotorcycles.co.uk
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