Author Topic: Depreciation  (Read 3388 times)

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Offline RHill1207

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Depreciation
« on: July 12, 2018, 15:11:08 »
Folks I purchased a 2017 650 XT  around June 2017 and whilst I am over the moon with the bike.  I spoke to a fellow owner who related that the value of his bike also 2017 650 has dramatically decreased.  He was told by dealer that Suzuki have introduced packages 0% finance £700 worth of free kit and that this has meant the 2nd hand value of our bikes is now a lot less, has anyone else found this to be the case?  I appreciate here in NI we don't have the same amount of dealerships.

Offline Hugo Magnus

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Re: Depreciation
« Reply #1 on: July 12, 2018, 16:11:37 »
...and ever has it been thus.
The interruptions ARE the journey  (Ted Simon)



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Offline Fat Rat

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Re: Depreciation
« Reply #2 on: July 12, 2018, 16:39:57 »
They all do that sir.
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Offline MartinW

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Re: Depreciation
« Reply #3 on: July 12, 2018, 16:41:45 »
Not necessarily all of them.

I paid £3995 Brand New in 2004 and as it has a Silver Frame it is now worth £28000.  :shy:
Tall, Dark and Handsome (In 1987) - Just tall now !!

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Offline Tusker

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Re: Depreciation
« Reply #4 on: July 12, 2018, 16:42:33 »
£28,000  wow

Offline Fat Rat

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Re: Depreciation
« Reply #5 on: July 12, 2018, 16:50:26 »
You do know that's not real silver?
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Offline MartinW

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Re: Depreciation
« Reply #6 on: July 12, 2018, 16:58:12 »
 :shock:
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Offline tallpaul

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Re: Depreciation
« Reply #7 on: July 12, 2018, 19:55:28 »
Was that the sound of a bubble bursting...?
Old enough to know better, but still too young to care...

Offline TLPower

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Re: Depreciation
« Reply #8 on: July 12, 2018, 20:31:56 »
No. I think it was an illusion, shattering....
To be happy, I don't need private helicopters,a Florida house or a yacht. I'm fine with my motorcycle,a trip to a forest in Bavaria and some lunch money.

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Offline Gassoon

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Re: Depreciation
« Reply #9 on: July 12, 2018, 20:58:54 »
 lol  good posts!  Aye - my minter, beautiful 09 wee went for pennies :roll:, but was able to get a 2017 in 'garish yellow' and with the noble beak for a decent price.
Best just to enjoy the riding of them and cross your fingers come trade-in-time!
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Offline doboy

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Re: Depreciation
« Reply #10 on: July 13, 2018, 08:39:30 »
I've noticed at my local dealer you can get a 2014- 2016 650 v strom all of them with around 5k mileage on the for about £5,000 or less ...for that money the v strom is a steal when you look at the prices they want for these BMW's that no one wants when they're out of warranty .

Offline graingerblaze

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Re: Depreciation
« Reply #11 on: July 13, 2018, 11:18:04 »
Manufacturers need people to buy new bikes to continue investing into new R&D, dealers need new bike sales to make the best profits... personally I would never buy new when you can (and always have been able to) buy such lovely cheap bikes on the second hand market.

My K5 (2005) bike was immaculate, one owner from new, full dealer service history, had only covered 8K and I picked it up in May for £2,000. I'm sure the latest bikes are better in every way, but it's great and to date I have covered 4k  :grin:
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Online mrp192

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Re: Depreciation
« Reply #12 on: July 13, 2018, 13:59:46 »
My last two bikes, 2008 650 Bandit and my 2015 Glee were bought new whilst looking for a nice used one at the end of year/model.
Paid £3650 for the Bandit with full warranty and just under 7k for the Glee but in full GT mode and lots of other bits from the accessory catalogue they couldn’t be bothered to take off so threw in to clinch the deal.

Offline alan29

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Re: Depreciation
« Reply #13 on: July 13, 2018, 15:40:34 »
Bikes (and cars) are never worth as much as we imagine.

Offline Leighmorgan

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Re: Depreciation
« Reply #14 on: July 13, 2018, 21:39:39 »
I paid 11k for my DL1000 now March 2016 it's now worth 5000 px against a new gsxr1000 gutted ????

Offline old git

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Re: Depreciation
« Reply #15 on: July 13, 2018, 23:15:06 »
I tend to keep bikes (and cars) for a while. I've had my FJR1300 for 7 years and it's coming up on 60k. It's as good as its ever been but is not worth that much in terms of cash. The latest £17,000 version is no quicker and other than some cosmetic and electronic changes is essentially the same. I don't care about depreciation, I get my moneys worth out of my bikes.

Offline TLPower

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Re: Depreciation
« Reply #16 on: July 14, 2018, 05:21:49 »
 :text-goodpost: This.
To be happy, I don't need private helicopters,a Florida house or a yacht. I'm fine with my motorcycle,a trip to a forest in Bavaria and some lunch money.

Walter Rohrl.

Offline Nelson

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Re: Depreciation
« Reply #17 on: July 14, 2018, 08:17:14 »
I'm a serial bike buyer having bought 58 bikes in 43 years (someday someone will find a cure - death or being penniless not withstanding) and like to think I know a little about wasting money!
For the last 15 years or so I've owned 10 Harleys and a Buell. HD riders like to think their bikes are depreciation proof. Many of them pay huge prices, and may get fair trade in prices, but ignore the thousands spent on accessories whose value is never considered, certainly by dealers. Two of my Harleys have been bought with around 1000 miles on the clock and I've put 25,000 miles on both in two years and actually made a profit on sale. New prices had shot up, which helped, and this was an exception, as I won't add up what these bikes have cost me as its too frightening.
With Japanese bikes I think the only sensible approach if depreciation concerns you is to buy cheap and sell cheap. New bikes lose more than the 20% vat as soon as they leave the showroom, so the hit is massive. The other mistake I've made several times is to buy with the heart and not with the head, but then again bikes are part of my DNA, so there's no hope!
Another problem I've seen is the ridiculous number of people who buy the wrong bike for them, and re-sell quickly or leave the bike languishing in the garage. The V-Strom is nearly immune from some of the issues above as its so practical, user friendly and competent, while being a great ride and economical in the wider sense, that its nothing short of superb.
Getting caught out with dealer discounts/offers is always one to watch for - no doubt you'll not be caught again. When considering how much you've lost in depreciation (which only takes effect if and when you sell of course) take a look at the world of Harley Davidson and you'll feel better. Ninety five pound an hour labour, astronomical spares prices let alone the initial purchase price. When someone counters with the "low depreciation" argument, you can now see through it.
Ride your bike, enjoy it, spread the depreciation over a few years of ownership and things don't seem too bad.
Sorry to prattle on, but I'm on holiday in France and the portable stress relief device (aka the wife) doesn't do mornings and I'm bored!
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Offline Loz

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Re: Depreciation
« Reply #18 on: July 14, 2018, 15:00:48 »
Was mucking about with the "we buy any" brigade.
2015 Vstrom 1000 - 5600 miles,part service history, standard other than heated grips.

Offers ranged from £4400 to  £5200

Offline Dick Allen

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Re: Depreciation
« Reply #19 on: July 15, 2018, 15:38:46 »
There was a 2017 1000xt with 300 miles on the clock for £4200 ? It had a bit of plastic scratching and needed new bars . That was a buy ????