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| Fowlersrs |
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Fowlersrs
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Mr Calendar
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| Walloper |
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Walloper
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 Posted: 08:28 - 28 Jun 2013  Post subject: |
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They use Wesellanybike.com which give you the value of any vehicle over a weighbridge and say they provide a hassle free service. 
They use a guide which is linked to the prices dealers are buying/selling vehicles for. The dealer submit sales figures to glasses who divi it all up to get the 'market' prices.
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Acemastr
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Stowelly
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Walloper
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| P. |
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P.
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| Posted: 09:44 - 28 Jun 2013 Post subject: |
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Car dealers use CAP valuation which basically looks up what price it would be worth.
Useless though, my Supra was valued at £0  |
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| Acemastr |
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Acemastr
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| ws4936 |
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ws4936
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| andys675 |
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andys675
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| Lord Percy |
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Lord Percy
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| Musketeer |
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Musketeer
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| Stowelly |
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Stowelly
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| Shaft |
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Shaft
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| Posted: 07:50 - 02 Jul 2013 Post subject: |
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| Lord Percy wrote: |
I'm pretty sure 'book prices' will have been agreed by some kind of vehicle traders' association so that the values give them all a piss-take profit while they can't be labelled as crooks, because they can say they're just going by the industrially agreed value, which sounds legit until you realise that they are the industry. |
Insofar as the buying and selling prices are determined using data supplied by the industry, either from reporting dealers or auction houses, then yes, the prices are set by the industry, but where else would you suggest they get their information from?
Also, I'm always curious when I see this little nugget, what do you consider a piss take profit?
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Things get better with age; I'm close to being magnificent........
20 RE Interceptor, 83 Z1100A3, 83 GS650 Katana
WooHoo, I'm a Man Point Millionaire! https://www.bikechatforums.com/viewtopic.php?t=234035 |
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| Scotsman37 |
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Scotsman37
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| sickpup |
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sickpup
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| 1cyl |
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1cyl
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| Posted: 08:51 - 02 Jul 2013 Post subject: |
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good link Scotsman37  
wescrewyouoveranybike.com offer me: £3,084 for my ktm  . Although I doubt a dealer would offer me more than 3.5k.
No such bike as a Stomp z125 
Sell it private OP
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| Walloper |
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Walloper
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sickpup
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| Walloper |
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Walloper
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| Posted: 10:17 - 02 Jul 2013 Post subject: |
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https://www.glass.co.uk/
"Glass’s car valuation guide
Whether you’re looking to buy or sell, when trying to uncover genuine and reliable car prices, you could soon be overwhelmed by guesswork and uninformed opinions. Instead, do what 9 out of 10 car dealers do and use Glass’s car valuation guide to discover what that car is really worth. We’re your one-stop car price guide, helping you to buy or sell with confidence using whichever method is most convenient for you.
We’ve been valuing cars for over 75 years, so it’s no wonder that our car value guide is world-famous and our valuations are used regularly by 90% of the motor trade. The professionals have always trusted us, and so can you.
We are committed to capturing the latest, up-to-the-minute data on accurate car values; a never-ending process which takes in everything from high street dealer prices of both used cars and new cars, to economic trends, prevailing auction values, consumer tastes, and many other factors."
'Many Other Factors' is how I would price a bike.
Edit: https://www.glassbusiness.co.uk/products-and-services/price-trade-used-vehicles/glassguide-valuations/motorcycle-price-guide/
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| Lord Percy |
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Lord Percy
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| Posted: 14:34 - 02 Jul 2013 Post subject: |
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| Shaft wrote: |
Insofar as the buying and selling prices are determined using data supplied by the industry, either from reporting dealers or auction houses, then yes, the prices are set by the industry, but where else would you suggest they get their information from? |
| Shaft wrote: |
Also, I'm always curious when I see this little nugget, what do you consider a piss take profit? |
I suggest they get their info from common sense and offer the price they think it's worth. Being traders, they should be fairly wise on such things anyway, surely.
Like I said, this dealer bloke looked at my bike, which I bought from him for £1300 just three months ago, and he said he'd pay £750 for it. That was ok. Quite a loss on my part, but that was to be expected. From his own knowledge and observation, he gave me a dignified and considerable offer.
Then he looks at the 'book price', and this holy grail of information says £450, so he immediately lowers the offer to £350.
If I settled for that, he would of course still sell it on for near enough the same original price I had paid just three months ago.
So... thanks to the information in that book, it would be:
£350 paid to me.
£1200ish sale for him
That's nearly 350% mark-up. Piss-take profit! |
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| Shaft |
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Shaft
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| Posted: 15:17 - 02 Jul 2013 Post subject: |
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| Lord Percy wrote: | | Shaft wrote: |
Insofar as the buying and selling prices are determined using data supplied by the industry, either from reporting dealers or auction houses, then yes, the prices are set by the industry, but where else would you suggest they get their information from? |
| Shaft wrote: |
Also, I'm always curious when I see this little nugget, what do you consider a piss take profit? |
I suggest they get their info from common sense and offer the price they think it's worth. Being traders, they should be fairly wise on such things anyway, surely.
Like I said, this dealer bloke looked at my bike, which I bought from him for £1300 just three months ago, and he said he'd pay £750 for it. That was ok. Quite a loss on my part, but that was to be expected. From his own knowledge and observation, he gave me a dignified and considerable offer.
Then he looks at the 'book price', and this holy grail of information says £450, so he immediately lowers the offer to £350.
If I settled for that, he would of course still sell it on for near enough the same original price I had paid just three months ago.
So... thanks to the information in that book, it would be:
£350 paid to me.
£1200ish sale for him
That's nearly 350% mark-up. Piss-take profit! |
OK, let's break this down:
He gives you £350 and marks it up at £1200, that's £850 margin.
First thing that comes out is the VAT on the margin, so now you're down to £708.
Then the next guy is a bit picky, maybe in the 3 months you've had it, a tyre is getting a bit marginal, maybe some brake pads, it's certainly going to need cleaning up, so let's be generous and say they spend £100 to get it back up to scratch: £608 now.
Then the buyer has another bike that's only worth £350, but he won't deal at less than £600, so there's another £250 out of the pot.
Finally, the guy who sold it wants paying (that is, afterall, why we go to work) so let's give him £100 for his efforts.
So suddenly, your £850 mark up is a net of £258, which has to pay for rent, rates, utilities, stocking and a thousand other expenses, which all go to give you somewhere to buy, sell and service your bike.
Still taking the piss?
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Things get better with age; I'm close to being magnificent........
20 RE Interceptor, 83 Z1100A3, 83 GS650 Katana
WooHoo, I'm a Man Point Millionaire! https://www.bikechatforums.com/viewtopic.php?t=234035 |
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| -Matt- |
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-Matt-
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| Posted: 15:37 - 02 Jul 2013 Post subject: |
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| Musketeer |
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Musketeer
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| Posted: 16:04 - 02 Jul 2013 Post subject: |
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| Shaft wrote: |
OK, let's break this down:
He gives you £350 and marks it up at £1200, that's £850 margin.
First thing that comes out is the VAT on the margin, so now you're down to £708.
Then the next guy is a bit picky, maybe in the 3 months you've had it, a tyre is getting a bit marginal, maybe some brake pads, it's certainly going to need cleaning up, so let's be generous and say they spend £100 to get it back up to scratch: £608 now.
Then the buyer has another bike that's only worth £350, but he won't deal at less than £600, so there's another £250 out of the pot.
Finally, the guy who sold it wants paying (that is, afterall, why we go to work) so let's give him £100 for his efforts.
So suddenly, your £850 mark up is a net of £258, which has to pay for rent, rates, utilities, stocking and a thousand other expenses, which all go to give you somewhere to buy, sell and service your bike.
Still taking the piss? |
You contradict yourself to the point it makes no sense. There is no way any dealer would give you i.e. £2000 for £1000 bike. They want to make money on both - the bike you trade in and the one they sell to you.
They can pay a bit more for traded in bike to make customer happy but only if the profit they make on the sale strongly outweighs the part exchange cost.. So don't fool yourself 
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Current Bike: Yamaha XSR900 Previous bikes: Honda CBR1000RR Fireblade, Kawasaki ZX-6R Ninja, Aprilia RS125 2-stroke |
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| Shaft |
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Shaft
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| Posted: 16:10 - 02 Jul 2013 Post subject: |
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| Maggot wrote: | | Shaft wrote: |
OK, let's break this down:
He gives you £350 and marks it up at £1200, that's £850 margin.
First thing that comes out is the VAT on the margin, so now you're down to £708.
Then the next guy is a bit picky, maybe in the 3 months you've had it, a tyre is getting a bit marginal, maybe some brake pads, it's certainly going to need cleaning up, so let's be generous and say they spend £100 to get it back up to scratch: £608 now.
Then the buyer has another bike that's only worth £350, but he won't deal at less than £600, so there's another £250 out of the pot.
Finally, the guy who sold it wants paying (that is, afterall, why we go to work) so let's give him £100 for his efforts.
So suddenly, your £850 mark up is a net of £258, which has to pay for rent, rates, utilities, stocking and a thousand other expenses, which all go to give you somewhere to buy, sell and service your bike.
Still taking the piss? |
You contradict yourself to the point it makes no sense. There is no way any dealer would give you i.e. £2000 for £1000 bike. They want to make money on both - the bike you trade in and the one they sell to you.
They can pay a bit more for traded in bike to make customer happy but only if the profit they make on the sale strongly outweighs the part exchange cost.. So don't fool yourself |
So you just accept what the dealer offers you?
My perfect customer, come and see me.
____________________
Things get better with age; I'm close to being magnificent........
20 RE Interceptor, 83 Z1100A3, 83 GS650 Katana
WooHoo, I'm a Man Point Millionaire! https://www.bikechatforums.com/viewtopic.php?t=234035 |
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Old Thread Alert!
The last post was made 12 years, 62 days ago. Instead of replying here, would creating a new thread be more useful? |
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