Resend my activation email : Register : Log in 
BCF: Bike Chat Forums


1k bike or 4k bike?

Reply to topic
Bike Chat Forums Index -> General Bike Chat
View previous topic : View next topic  
Author Message

leolion
Scooby Slapper



Joined: 14 Feb 2019
Karma :

PostPosted: 09:19 - 10 Mar 2019    Post subject: 1k bike or 4k bike? Reply with quote

Here's a situation.

Currently have a 4k (trade in bike) that needs nothing doing is 2 yrs old and for the distance i currently cover wont need any money spending on it for a very long time as its just a weekend toy and hardly gets used, no commuting use although this may change in the future due to office relocation to a city.

Would a grands worth of bike be better to have sat around the garage as the bike currently doing nothing 95% or would it end up costing more in the long run?
 Back to top
View user's profile Send private message You must be logged in to rate posts

G
The Voice of Reason



Joined: 02 Feb 2002
Karma :

PostPosted: 10:33 - 10 Mar 2019    Post subject: Re: 1k bike or 4k bike? Reply with quote

If you choose wisely, the £1k bike will likely do much better. Presuming the £4k is newish and depreciating, you might even be able to get a £1k bike that goes up in value.
 Back to top
View user's profile Send private message You must be logged in to rate posts

Polarbear
Super Spammer



Joined: 24 Feb 2007
Karma :

PostPosted: 10:59 - 10 Mar 2019    Post subject: Reply with quote

Certainly if commuting is not involved and you like fiddling, a grand bike is perfectly feasible. Probably better as G said.

It's when it comes to reliability you might suffer. Not that a cheap bike can't be reliable but old components wear out and break.

When you involve commuting, as you are hinting will happen then you will need to keep on top of maintenance to be reliable.
____________________
Triumph Trophy Launch Edition
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Irezumi aka Reuben
Carrot Top



Joined: 28 Sep 2004
Karma :

PostPosted: 11:43 - 10 Mar 2019    Post subject: Reply with quote

Just as a word of caution finding a bike that is 'good' for a grand is becoming harder and harder. At that price there is going to need something doing most likely although I'm sure there are still some bikes out there that are good to go and cheap.

As new bike sales have dropped it appears (to me at least) that second hand values are stabilising/going up as demand for them increases.
____________________
Pictorgraphicalfantastical
 Back to top
View user's profile Send private message You must be logged in to rate posts

Nobby the Bastard
Harley Gaydar



Joined: 16 Aug 2013
Karma :

PostPosted: 13:15 - 10 Mar 2019    Post subject: Reply with quote

Quite frankly, a 4k bike is 6 years old and most of the depreciation is done and dusted by now.

Unless it's a 125....
____________________
trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050
 Back to top
View user's profile Send private message You must be logged in to rate posts

.Chris.
World Chat Champion



Joined: 09 Jun 2007
Karma :

PostPosted: 17:04 - 10 Mar 2019    Post subject: Reply with quote

How good are you at mechanics, and how well can you inspect a used bike?

As above, it's getting increasingly difficult (though not yet impossible) to find a good used 'big' bike for £1000. Anything at that price is going to be the best part of 20 years old and may well be knackered - are you going to be able to spot if it is? Even so, it'll be pot luck. At that price dealers and warranties are out of the question.

What you don't want to do is buy a bike for £1000, then a couple of months later find out it needs a load of work doing that you have to pay a garage almost the same again to carry out.
____________________
Chris
1985 Kawasaki Z550F
 Back to top
View user's profile Send private message You must be logged in to rate posts

leolion
Scooby Slapper



Joined: 14 Feb 2019
Karma :

PostPosted: 17:16 - 10 Mar 2019    Post subject: Reply with quote

So i might be best keeping the bike i already have as it would be cheaper in the long run?
 Back to top
View user's profile Send private message You must be logged in to rate posts

Ste
Not Work Safe



Joined: 01 Sep 2002
Karma :

PostPosted: 17:26 - 10 Mar 2019    Post subject: Reply with quote

Is £4k a price that you could realistically sell it for today?

£1k bikes which aren't money pits will sell very quickly so you'd need to be fast and decisive when one gets advertised.

To give this thread some context, what bike have you got?
 Back to top
View user's profile Send private message You must be logged in to rate posts

Pjay
World Chat Champion



Joined: 18 Jan 2016
Karma :

PostPosted: 18:28 - 10 Mar 2019    Post subject: Reply with quote

Unless the bike is earning you money (like for getting to work) or you can afford to lose money then the 1k bike is the sensible option. Bikes for 1k are thin on the ground these days though, even k1 GSX-R are fetching double that. A few years ago you could pick them up for 1k, so maybe finding a future classic is the way forwards.

https://www.ebay.co.uk/itm/173828822730

https://www.ebay.co.uk/itm/202615819469

https://www.ebay.co.uk/itm/273745308219

Those are all creeping up in price or staying stagnant over the last few years. It wouldn't be considered frivolous buying one for the odd weekend blast.

Oh and reliability isn't that much of an issue if you hardly use it.
A months commuting is 3 years of occasional blasts Smile
____________________
struan80 - I'll go first - satisfied tick 1
 Back to top
View user's profile Send private message You must be logged in to rate posts

leolion
Scooby Slapper



Joined: 14 Feb 2019
Karma :

PostPosted: 18:37 - 10 Mar 2019    Post subject: Reply with quote

Ste wrote:
Is £4k a price that you could realistically sell it for today?

£1k bikes which aren't money pits will sell very quickly so you'd need to be fast and decisive when one gets advertised.

To give this thread some context, what bike have you got?


MT07 trade in value is around 4k.
 Back to top
View user's profile Send private message You must be logged in to rate posts

GSTEEL32
Traffic Copper



Joined: 24 Feb 2010
Karma :

PostPosted: 19:35 - 10 Mar 2019    Post subject: Reply with quote

As said, I don't think decent £ 1K bikes exist anymore, certainly none with a good degree of risk associated with them.

I remember 6 years or so ago, you'd be picking up plenty of late 80s/early 90s stock which was in pretty good nick.

That's all gone, with everything now priced as a "classic". I think £2k would get you the back up bike you need, but if yours is worth 4k anyway, it's very much a case of diminishing returns. ....
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

t121anf
World Chat Champion



Joined: 23 Feb 2007
Karma :

PostPosted: 10:43 - 11 Mar 2019    Post subject: Reply with quote

To me the cost/value of the bike is irrelevant*. I'd rather have the bike I want sitting in my garage for when I do go out.

By your figures you would get £3k back, do you need this for something? house deposit etc. Is the £4k bike on finance/loan which you can't afford but could with a £1k.




*within reason, there are plenty of bikes I'd rather have than my current GSXR, but I don't want to spend money on them. I could but I don't want to.
 Back to top
View user's profile Send private message You must be logged in to rate posts

Baffler186
World Chat Champion



Joined: 31 May 2013
Karma :

PostPosted: 12:57 - 11 Mar 2019    Post subject: Reply with quote

My rule of thumb is, I wouldn't have a 4k bike if I didn't have at least 4k of savings in the bank. I usually have a couple grand of savings max, so I tend to only sit on a bike that's worth 1500-1800
____________________
Current: 2009 SV650 S, 1990 Kawasaki GT550
Previous: 2009 CBF125, 1998 GSF600, 2004 FZ6 Fazer, 1978 CB400a Hondamatic
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Ribenapigeon
Super Spammer



Joined: 20 Feb 2012
Karma :

PostPosted: 18:46 - 11 Mar 2019    Post subject: Reply with quote

All the bikes i see for 1K are absolute dogs or project bikes that are going to need £k spent on them. Ive been looking around recently and have given up sticking £2k into any searches as its pointless as anyhting less than that is twenty years old. Bikes really do seem to be getting stupid expensive.
 Back to top
View user's profile Send private message You must be logged in to rate posts

Kawasaki Jimbo
World Chat Champion



Joined: 09 Oct 2015
Karma :

PostPosted: 20:05 - 11 Mar 2019    Post subject: Reply with quote

A long-term, reliable bike you're happy with versus a cheaper, unknown quantity? Unless you really need the cash I'd stick with the bike you have. Also, weekend riders tend to want a garage queen. Would a ratty £1k bike float your boat?
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

DJP
Crazy Courier



Joined: 11 Dec 2011
Karma :

PostPosted: 11:08 - 12 Mar 2019    Post subject: Reply with quote

The bike you have is already the cheapest.

Would you really get £4k for it? (Probably not)
Would you really be able to buy something decent for £1k? (Probably not)

What would most likely happen is that you'd get less than you want for yours, pay more than you want for the "Cheaper" bike and end up maybe a grand better off but riding a shitty old bike.

Keep what you've got, it's really not worth changing.
____________________
Suzuki Bandit 1250
https://deejayp999.atwebpages.com/index.html
That's http not https
 Back to top
View user's profile Send private message You must be logged in to rate posts

talkToTheHat
World Chat Champion



Joined: 21 Feb 2012
Karma :

PostPosted: 19:01 - 15 Mar 2019    Post subject: Reply with quote

You could be looking at £500 to £1k to get a 1k bike sorted. In 4 years your 1k bike might be worthless and have cost you a few k to keep running, Your 4 k bike will be worth how much?
____________________
Bandit. does. everything.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

G
The Voice of Reason



Joined: 02 Feb 2002
Karma :

PostPosted: 19:35 - 15 Mar 2019    Post subject: Reply with quote

talkToTheHat wrote:
You could be looking at £500 to £1k to get a 1k bike sorted. In 4 years your 1k bike might be worthless and have cost you a few k to keep running, Your 4 k bike will be worth how much?

Really poor selecting of bikes if you do.
Appreciating things do wear with time, but part of it is choosing the bike that has recently had age-appropriate stuff done, rather than one the owner has been saving up things that need doing so they can eek a few more miles out of it before they sell.

Of course at this price point it's harder to find these days, but still not impossible.
 Back to top
View user's profile Send private message You must be logged in to rate posts

Ste
Not Work Safe



Joined: 01 Sep 2002
Karma :

PostPosted: 20:49 - 15 Mar 2019    Post subject: Reply with quote

talkToTheHat wrote:
You could be looking at £500 to £1k to get a 1k bike sorted.

You could also be looking at ~£1k to get a £4k bike sorted if something expensive breaks. Laughing
 Back to top
View user's profile Send private message You must be logged in to rate posts

iooi
Super Spammer



Joined: 14 Jan 2007
Karma :

PostPosted: 21:42 - 15 Mar 2019    Post subject: Reply with quote

Well unless the OP needs a possible £3K boost to funds.

Why risk a change.

Quote:
Currently have a 4k (trade in bike)


Is this from what the OP has seen a dealer selling for, a quoted price for a different bike or just a figure plucked out of thin air...

The chance of a 1K needing less spending on it than the bike the OP has now, is hard to say.
Can go either way depending how good the OP is at spotting a lemon Shocked
____________________
Just because my bike was A DIVVY, does not mean i am......
 Back to top
View user's profile Send private message You must be logged in to rate posts
Old Thread Alert!

The last post was made 5 years, 33 days ago. Instead of replying here, would creating a new thread be more useful?
  Display posts from previous:   
This page may contain affiliate links, which means we may earn a small commission if a visitor clicks through and makes a purchase. By clicking on an affiliate link, you accept that third-party cookies will be set.

Post new topic   Reply to topic    Bike Chat Forums Index -> General Bike Chat All times are GMT + 1 Hour
Page 1 of 1

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

Read the Terms of Use! - Powered by phpBB © phpBB Group
 

Debug Mode: ON - Server: birks (www) - Page Generation Time: 0.09 Sec - Server Load: 0.19 - MySQL Queries: 17 - Page Size: 110.14 Kb