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Good places to look for bikes offline.

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koolio
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Joined: 08 Apr 2011
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PostPosted: 01:27 - 23 Jan 2012    Post subject: Good places to look for bikes offline. Reply with quote

This is specific to old school bikes really so late 70s and older really.

I've had varied success buying bikes online and I get somewhat pissed off with people flogging crap with vague but suggestive descriptions and blurry photos not to mention the overinflated prices you get specifically on ebay with older bikes. 1 out of 3 bikes I've bought online I would say are true to the value of what they should be.

I prefer selling at a reasonable price and buying at a real value face to face, only trouble is this is a rare random occurence, like talking to someone in a shop about bikes and then discovering they want to flog something (doesn't happen everyday let alone every year).

Wanted to ask if anyone knows of any good sources or ideas for hunting down bikes, people say local papers? But I have no idea what kind of papers these bikes come up in! Looking around Lancashire for example??
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jjdugen
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PostPosted: 02:13 - 23 Jan 2012    Post subject: Reply with quote

The 'classic' scene is nearly done to death. Anything with a reg letter at the end seems to command daft prices. Even Hondas worst bike ever, the absolutely crap in every department G5 250 is being hawked as a 'classic Honda', when, in actual fact, they were bad when new and just get badder with any form of usuage.
Anything good was snapped up years ago, now you are left with the rusting wrecks holding up an old chicken coop.
Even the eighties stuff is now 'collectable', if you really want the spaggeti frame, non working brakes, dodgy electrics buzz. When garbage like MZ's are starting to fetching quite serious money its time to leave it to the serious nutters.
Look to the ones overlooked from the 90's, anything other than a Fireblade was considered second best, but the FZR's and GSR's were damn good bikes, just not in the same league as the 'blade. Here is a tip, look for a Moto Guzzi, any of them. Simple to work on and can be made to look quite appealing. I'm open to suggestions for any other worthy machinery.
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spetom
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Joined: 30 Aug 2010
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PostPosted: 13:12 - 23 Jan 2012    Post subject: Reply with quote

jjdugen wrote:
The 'classic' scene is nearly done to death. Anything with a reg letter at the end seems to command daft prices. Even Hondas worst bike ever, the absolutely crap in every department G5 250 is being hawked as a 'classic Honda', when, in actual fact, they were bad when new and just get badder with any form of usuage.
Anything good was snapped up years ago, now you are left with the rusting wrecks holding up an old chicken coop.
Even the eighties stuff is now 'collectable', if you really want the spaggeti frame, non working brakes, dodgy electrics buzz. When garbage like MZ's are starting to fetching quite serious money its time to leave it to the serious nutters.
Look to the ones overlooked from the 90's, anything other than a Fireblade was considered second best, but the FZR's and GSR's were damn good bikes, just not in the same league as the 'blade. Here is a tip, look for a Moto Guzzi, any of them. Simple to work on and can be made to look quite appealing. I'm open to suggestions for any other worthy machinery.


Honestly don't think it's as bad as you make this out to be . It's certainly the case with most British bikes, but a nice 50s Enfield can still be had for around £2250 or a Matchless for £3000.

I'm not sure where you got the idea that Guzzis are cheap? They fetch some serious prices!

But back to the question at hand! What are good papers/places too look through for older bikes!
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Jamey
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PostPosted: 13:26 - 23 Jan 2012    Post subject: Reply with quote

The value of something is simply what people are willing to pay.

If buyers are prepared to pay more than they were a couple of years ago then the simple fact is the value has gone up, because that's what value means - what people will pay for something.

The issue here seems to be that you don't think the items are worth that money, and therefore the value you place on them is lower than the value other people are placing on them, so the seller ends up selling to somebody other than you as they can make more money.

That's not something you can do much about unless you want to pay more competitive prices.

I doubt there's some secret stash of cheap bikes waiting for you to come along and start buying them. The only advantage of buying "offline" is that you have less people looking at the item because it's restricted to people who are physically in the vicinity, whereas an eBay auction can be viewed by anyone in the world.

That's why sellers with half a brain sell online - they have more people interested so the value automatically jumps up to whatever the highest bidder will pay.

Seems to me that if you want cheap bikes you pretty much have to find the most local, unpopular, restricted sources you possibly can and hope that something you want turns up in that source. And even then it's pot luck as to whether you're competing against another buyer who places a higher value on it than you do.

Here endeth the lesson.
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.Chris.
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PostPosted: 14:12 - 23 Jan 2012    Post subject: Reply with quote

Classic Motorcycle Mechanics magazine has a reasonable classified ads section, but obviously won't be specific to your area. Old Bike Mart might be worth a look, too.
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koolio
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PostPosted: 14:44 - 23 Jan 2012    Post subject: Reply with quote

Jamey wrote:
The value of something is simply what people are willing to pay.

If buyers are prepared to pay more than they were a couple of years ago then the simple fact is the value has gone up, because that's what value means - what people will pay for something.

The issue here seems to be that you don't think the items are worth that money, and therefore the value you place on them is lower than the value other people are placing on them, so the seller ends up selling to somebody other than you as they can make more money.

That's not something you can do much about unless you want to pay more competitive prices.

I doubt there's some secret stash of cheap bikes waiting for you to come along and start buying them. The only advantage of buying "offline" is that you have less people looking at the item because it's restricted to people who are physically in the vicinity, whereas an eBay auction can be viewed by anyone in the world.

That's why sellers with half a brain sell online - they have more people interested so the value automatically jumps up to whatever the highest bidder will pay.

Seems to me that if you want cheap bikes you pretty much have to find the most local, unpopular, restricted sources you possibly can and hope that something you want turns up in that source. And even then it's pot luck as to whether you're competing against another buyer who places a higher value on it than you do.

Here endeth the lesson.


Ok and now for a real lesson in economics which goes beyond the basics of supply and demand.

There is a reverse trend of people looking for deals online and it is now swinging back in the other direction particularly with retail fighting back.

De facto the first thing many people do is look online, but as 100% of any stock whether it is clothing or classic bikes (lets take classic bikes in this instance) is never online, you do not get a perfect market situation.

In fact it looks much more like this, at least 90% of people who are looking look online first (so 90% of the demand) and 70% of the actual stock (I would say less in the case of classic bikes being online maybe 50-60%) is online (lets give it the benefit of the doubt and say 70% of the supply).

So what you get online is a situation where the demand curve is pushed up a supply curve (don't make me draw a graph), which basically inflates the price of classic motorcycles online.

This has been well documented and was in an article I read in the Economist about half a year ago, businesses are quite aware of inflated prices online in certain areas, there are of course a majority of things on the net that are still really good deals.

The effect is even more prominent on ebay as its demand way outstrips its supply share of classic motorcycles and other goods (also in the same article in the Economist).

Conclusion the price of a classic motorcycle online is inflated and is not the real price of a classic motorcycle and if it was a perfect market situation which it isn't what you are saying above would be true.

Quote:

I doubt there's some secret stash of cheap bikes waiting for you to come along and start buying them.


I think you'll find this is the case, not a stash but one or two bikes here and there, well thats how I bought and sold my best bikes which I might I'd rather sell to a friendly face on the spot than fanny around for weeks and haggle for an extra 15% with ebay and paypal fees on top. Although it is a rare and seemingly totally random occurence.


Last edited by koolio on 15:46 - 23 Jan 2012; edited 1 time in total
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Jamey
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PostPosted: 15:46 - 23 Jan 2012    Post subject: Reply with quote

Cool story bro, and best of luck finding your offline stash through an internet forum.
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koolio
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Joined: 08 Apr 2011
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PostPosted: 15:48 - 23 Jan 2012    Post subject: Reply with quote

Jamey wrote:
Cool story bro, and best of luck finding your offline stash through an internet forum.


Luck? I already have found offline bikes luck has nothing to do with it. You win the most helpful post award as well as the general ignorance award.

Well done.

I note you only passed your mod 2 a couple of months ago, explains everything. Have you ever owned, bought or sold a bike older than 1970 or let alone owned anything but a 125? Being a fart just out of your nappies you'd probably understand this = lol you noob?


Last edited by koolio on 19:51 - 23 Jan 2012; edited 1 time in total
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