TRADE-IN PRICE used to be worthless when over 20K miles. Has this changed? How much if your offer?

[@joebloggs1583]

Dealers tell you your bikes worth nothing with 2 thousand miles on it but sat in there window a week later it's the rarest most valuable bike ever and that applies to cars as well

[@bankruptpensioner]

That's a great point, Joe😆

[@mum-0217]

They always tend to give you jack s***t for a trade in but it's always seems to be top dollar when you're buying!

[@bankruptpensioner]

Ain't that the truth😆

[@presstodelete1165]

When you get a rediculously low offer for a trade in it is just them saying they don't want it but as they are also trying to sell you one they don't want to offend too much. The reason they don't want it is probably not the miles, but that is an easy excuse to make.

[@bankruptpensioner]

Good point you press to delete, and you're absolutely right👍

[@geraldineold3641]

Good morning; I think PCP deals are what has started this low mileage fashion on bikes . If a bike is serviced correctly and on time ,with modern oils ,ridden regularly,warmed up properly. Then you can get huge mileage on them. Try to be satisfied with the bike of your choice. This time of year is the best time to get a good deal on your next bike .Do your homework 😊

[@bankruptpensioner]

Keeping the bike Geraldine, seems the best approach. If it's not broken then just use it and as we both know hunger engines go forever if looked after correctly.👍

[@mikefortune3686]

it differs how good the bike brand is. My service center told me two weeks ago if I wanna sell my bike they will buy it immediately

[@bankruptpensioner]

Hi Mike, thanks for the comment. I think you're right, the brand means something in the equation. Some brands maintain their price and others do not. A good point, once again thanks for the comment.👍

[@Grumpy-Goblin]

Juat the change in reliability, remember when your Dad used to say don't buy a car with close to 100,000 miles on and now it is hard to find a secondhand car with less than 100,000 on. My GS1200 has 35,000 on and my Thunderbird has about 25,000 on and I would jump on either and cross Europe with no worries.

[@bankruptpensioner]

You're right, gone all the days where you would consider if you'd make it to wherever you were going. Generally speaking, in the 21st century, reliability has gone through the roof. As long as we maintain and service the machine machines, one could suspect they'll last forever.👍

[@yamark02]

Aprilia rsv with 60,000 on the clock. (done more as the early models could reset the odo). Also have a BM K1300R with 35,000 on. Just ride them now. I know someone with a18 reg BMW GS the local dealer didn't want it as it had around 35,000 miles on it.

[@bankruptpensioner]

Just keep riding what you have got, then no stress on the payments for the next aspiration bike 👍. Can't go wrong with that approach 👍

[@1001butler]

Correct buddy first thing he said was have all 3 piece luggage as he knows easily to sell when fully loaded when I said I can take off sell on e bay he said don't do that leave it on

[@ianhalliwell8604]

I've never had a bike with 20 thousand miles on it so it's difficult to say but i think it's more to do with who actually made it rather than it's mileage. Some bikes just hold their value better than others.

[@bankruptpensioner]

Good point there Ian, something to consider here👍

[@oldfella4096]

Last year a friend was told at a Yamaha dealership his Tracer 900 serviced by them was high mileage at 12,000mls when he went for a new motorbike , needless to say thats the last they will get his business....

[@bankruptpensioner]

It's now 2024, and 12,000 miles should be nothing for a tracer 900. How is it classed as high mileage? 👍

[@cliveraison9507]

My son has two bikes in the garage both bought from new and both with over 60;000miles on the clock ,first one no dealer wanted as part ex second one Honda nc750x well used every day his only Transport will be replaced when it gets unreliable. But no dealer will be interested in it.

[@bankruptpensioner]

Hi Clive thanks for the comment. A good story here with two machines over 60,000 miles and still running strong. Just goes to show if you look after something it'll last forever.👍

[@Two_wheels_dasher]

I was still able to sell my grom with 56k miles on it to a friend. He end it up selling it with a little over 60k miles, bike was still running great, no issues.

[@bankruptpensioner]

It's Honda and it will run forever, even a little 125 Grom 👍

[@IndigoJo]

Could be that dealers reason that high mileage means they'll have to do a fair bit of work on it to make it saleable, while people who buy on eBay tend to know more about bikes and better able to do whatever work needs doing. They might even consider it fun. Could also be that the dealers don't know enough to do a thorough inspection to assess what it's really worth (they might just be salesmen or shop staff there for a job), or don't have the time to examine every detail of the bike for rust and other defects.

[@bankruptpensioner]

Very good point here and a lesson to all, thanks for the comment👍

[@robertbaylis9714]

I have a 2011 Triumph street triple. I bought it about 10 or 11 years ago. It only has 6k on the clock and immaculate and has been properly serviced. IE fork oil replaced at the correct interval. I never bothered even asking the dealer how much they would give me in part exchange i knew it would be a ridiculously low amount. So i have kept it and keep it looking immaculate and take it out on dry sunny weekends. Its the slightly rare purple version, last of the mk1 production and i get positive remarks from Fellow bikers which is nice. My 22 plate Bonnie is a long-term keeper. If you keep wanting new or different bikes it will cost you in part ex each time. Im happy with what i have. Keeping bikes is the Chuck Berry principle. Always keep the car because dealers dont want to give you much. Chuck had a large barn with many cadillacs in it !

[@bankruptpensioner]

What a great story Robert and this is good advice for everyone reading it. I love the Chuck Berry story with all the Cadillacs stored somewhere. Brilliant and the right approach really.👍

[@philliplum3845]

I have a 2019 Tracer 900. Done 23500 thousand miles.. Brilliant bike.. Been across the UK and Europe.. I decided I would not change it due to the uncertainty in the market. I have therefore had a major service including valve check and adjustment..

[@bankruptpensioner]

I think Phil, you're doing the right thing. There is nothing wrong with the tracer 900. A brilliant bike. Keep it for the long run that's what I say and you can't lose out.👍

[@markonmotos]

Have to say I had a surprisingly positive experience at a main dealer with a 26000 mile bike a couple of years ago. Trading in a 2010 Aprilia Shiver against a new Suzuki GSXS1000S. No it was not what I wanted for it£££, but it was in the lower end of the ball park ££ for a slightly neich bike. As it happened the big Suzuki used far too much fuel for a Tourer in 2022 imho so I decided not to proceed although I loved the bike/ride. Sold the Aprilia privately a few weeks later and got (almost) my asking price with a few spare and service items I’d collected included 😊😊 Things I’d imagine have changed now in late 2024 and dealers have suddenly found they have a £4M second hand stock now worth maybe £2M. The new sales margins are relatively slim for dealers and manufacturers penalties harsh for not selling enough new bikes. A lot of dealerships are not headed by an ex racer/mechanic/enthusiast any more - but a ‘sales manager’ with little interest or knowledge of anything but the bottom line imo. Assessing the worth of a second hand bike is all about knowing the brand and models flaws and strengths and popularity/availability for dealer or individual and managing the risk: service history, regular receipts for oils and filters, general condition, quality of any additions/tyres. Dealer are nervous of further stock that may fall further and financiers want returns not ‘old’ bikes. Buyers market if you have spare cash, bargain hard and fill your sheds!!

[@bankruptpensioner]

This is a great story, Mark and sets the scene for all the other readers. We're at a situation where the economics are really struggling. Overstock and overpriced stock on an inventory that needs to be moved is very difficult at this moment in time when no one spending anything.👍

[@lloydjones1834]

Bought honda st1100 P plate £1500 40000 only just run in

[@bankruptpensioner]

That's a good point, Lloyd. Honda engines keep on going.👍

[@eoghanhennessy15]

I was recently offered £1350 for my 2015 Vespa PX150 with only 3000km on the clock… it cost me £3600 new in 2015 and they stopped producing them in 2016… last 2T manual Vespa… now apparently close to worthless, doesn’t seem right. Seen dealers trying to get £5k for them (the true value is probably somewhere in the middle)

[@bankruptpensioner]

perfect example here !! 👍

[@T3-RIDER]

My close friend works for a ktm dealer in the midlands, they wont buy any 125 with over 8k miles and 125+ with over 20k miles. This is because they deem it as a warranty liability and highly likely the bike will return for repairs within the 3 month warranty term. I tried to sell them my ktm duke 125 with 9k miles, 21 model year i owned it from new with 4 services in the 2 years i owned it for, had to sell it private. Although it did cost ktm over £3.5k in warranty repairs 😂

[@bankruptpensioner]

That's a lot of money for warranty repairs😥

[@Dozeyish]

It's a strange thing, high mileage on motorbikes. I do a lot of miles on my bikes but always service them on time and they get whatever they need. So I would have no problem buying a bike from me(if that was possible) However I wouldn't buy a bike with lots of miles and lots of owners with no service history. It has to be said that some bikes will not last well. My last Sportster had over 100,000 miles and was still running fine. I don't see why it cannot do another 100k because of ease of service and availability of replacement parts. However my mate has an old Suzuki he tells me it's near impossible to get parts for.

[@T3-RIDER]

I brought a divy 600 with 30k miles with no history and its got 70k miles now 😂 best and most reliable bike iv ever owned. That had no service history, but the owned said he did it himself. Massive risk to take though

[@RedDragonUncaged]

Even as a part ex on a ne bike, some dealers only interested in low mileage bikes, the rest they shuffle into the trade at low cost, so they'll give you next to nothing. Sell it privately. I want an upgrade but it won't be in 2025 ... going to keep using mine, put a lot more miles on it and get value from it.

[@bankruptpensioner]

Best idea Red, keep putting miles on the bike that you have and save your pennies. Let's see what 2025 brings for you. Interesting to know what you're thinking of.👍

[@RedDragonUncaged]

@@bankruptpensioner Upgrading Multistrada 1200S to a V4 Pikes Peak ... that's the plan anyway. The MTS was 7 years old, 11k miles, I've more than doubled the mileage in 16 months and will probably double it again

[@bankruptpensioner]

@@RedDragonUncaged sounds great 👍

[@markgoscinski3509]

I've got a 2006 absolutely immaculate FZ6 fazer, 21k , so that's 1105 miles per annum , fully cared for, they'd offer you nothing but to me it's worth 12k as I love it .dealers are just t*****s

[@bankruptpensioner]

Good point, Mark the bike is worth more to you as a running machine then selling it and getting some capital for the next bike. Long-term ownership is the best approach.👍

[@alanwright9112]

Seen a honda cb500x with 146000 miles on it and still running fine.

[@bankruptpensioner]

Thanks for the comment Alan, that's a hell of a load of miles however, it is a Honda. And if looked after well, Honda engines just seem to keep on going and going.👍

[@nicholasjarrold8649]

Morning hope your well great video there’s loads of bikes over 20,000 miles but dealers never had wanted them I’d thought really my rocket is nearly 18 months old and it’s just turned 1,400 miles and I just went on we buy any bike just to see what they’ed offer it was 13.000 I thought you can do one I don’t intend selling it anyway it’s my favourite and best bike I’ve ever had and yes it’s a buyers market now which is good because if your looking to buy a bike it’s a great time especially if your a cash buyer take care and have a good Christmas

[@bankruptpensioner]

Hi Nicholas, thanks for the great comment on the video. You're absolutely right in the story and it's a sad situation where the rocket is only been offered £13,000. Best thing to do at this moment in time is keep the bike until the economy sorts itself out. Have a great Christmas too.🎄

[@malcolmpatton9314]

Purchased my bike 2020 paid $9000 brand new was offered $5000 done 14000 kilometres still on original tyres and chain and sprockets. Always better to sell privately locally here in Australia two bikes similar with 20000 kilometres are on the market asking $7400 and will probably sell for $7000 that’s $2000 more towards my next bike.

[@bankruptpensioner]

That's a hell of a drop, Malcolm. $4000 wow. I guess you're right selling private is the way forward👍

[@paulcowell7588]

I would always sell privately forget dealer part exchange..

[@bankruptpensioner]

Same here, Paul, always sell privately and always make sure you've got service history with the bike be completed by myself or a dealer. It always helps for the next buyer.

[@SkysaxonDragonslayer]

My 2004 HD Sportster 1200 with 70.000km is worth nothing on the used market! You get offers around 2-3000 from privat and 1000-2000,-€ from dealers….

[@bankruptpensioner]

Hi Sky, hope all is well. I suppose that comes a point where the bike is just not worth selling. You may as well keep it and enjoy it.👍

[@SkysaxonDragonslayer]

@ - Right - why throwing away a great bike, sometime I feel that I have to pay for it, that somebody takes it. I worked for HD and the Sportster is the most reliable HD engine that can make several hundred thousand miles without big troubles… I wanted to change for a smaller lighter bike, but not for any price… That why I keep this heavy pig now.

[@benkelly2190]

All modern bikes will do well into the hundreds of thousands, if maintained properly and ridden properly. Dealers created the high milage myth decades ago. Sadly it has stuck!

[@bankruptpensioner]

I think you're right, Ben👍

[@maskedavenger2578]

A bike new or used is only worth what it’s worth to me . Any money I spent on bikes is money that’s come & gone . I never buy a bike & worry what it’s trade in or used value might be , if I decide to sell or part exchange it . A dealer is never gone give you top banana on the deal. They are in the game ,to make sure they win & profit at your expense , the phoney smile on their face as they rip you off, doesn’t cost them a penny .

[@bankruptpensioner]

Good points here, masked avenger👍

[@theodavies8754]

26 year old HD with 26k miles. It's not for sale so the financial value is meaningless. It's not an investment, it's a luxury lifestyle choice.

[@bankruptpensioner]

Now that's the way to look at it❤

[@pujapete3665]

keep it

[@andrewdyrda8012]

I had a Cortina mk3 with 50k, engine great but body work was dropping off like late stage leprocy and it had never been to Vegas to pick up diseases. Motorbikes not effected like that unless rat bikes and don't see those around like you used to. Nah, well maintained modern bike will run forever. Buy, enjoy, maintain n and avoid t'dealers is my advice and I'm sticking to it.

[@bankruptpensioner]

That's a great story, Andrew, as long as you've got the skills to identify a good or a bad bike then you're halfway there👍

[@andrewdyrda8012]

@bankruptpensioner Being an engineer or having good mechanical appreciation and willing to learn by mainaining your own bike always help. We as kids serviced our own bikes with a hammer, set of mole grips, few adjustables, a set of feeler gauges, oil n grease and a freezing cold shed. Best bike university there is. GT125 and CB175 were first two ... well after the Lambretta 175 bought for a fiver to go round fields at 13 or 14 😂

[@bankruptpensioner]

@@andrewdyrda8012 they were the days, Andrew. Life was much simpler. And I get shouted out for not using a torque wrench 😆

[@andrewdyrda8012]

@bankruptpensioner ... once kids strip a few casing threads then need to mess around with helicoils and even pay for the service out of meagre pocket money, they soon learn the difference between the shear strength of steel and aluminium alloy, and develop engineering feel. Torque wrenches are for those with expensive bikes!

[@Leonard-kd7uj]

Hi and theses dealerships wonder why they are not surviving buy a bike but for god sake dont use it or it will in 3 to 4 years at 5k a year that isnt a lot i have my 2 bikes and cover 9k a year combined easy just by rideing in there eyes useless. only a hobby maybe but use them or our hobby will die

[@bankruptpensioner]

Good point here, Leonard👍

[@1001butler]

Well not impressed with triumph you mentioned Richard told them about you and your channel sale man told me you only just approach them and discount won't be anything but if you buy a bike from us we will give you few pounds off clothing gear told them had triumph tiger 900 gt pro 71 plate with 2200 miles offered me 7500 said your joking luggage cost 1500 pounds and looking at what you got i can put price you will sell mine for 10495 he said very good correct so you want to make 3k on mine and 3k off other chap you had pants down I said sorry my pants stay up can stick your bikes where sun doesn't shine and you end up like thunder road going bust as your to greedy bye bye triumph all best richard but your name didn't pull anything there

[@maskedavenger2578]

When buying a used bike with extras on it, you shouldn’t pay more for the extras . You shouldn’t pay any more than the used value price of a standard factory specked bike . The extras are only of value , if they happen to be extras you require & would fit yourself, as none standard used bike value is less , than a bike in standard factory trim .

[@oldfella4096]

Correct the salesman will say extras don't add value to your bike when he values your trade in 😢 it may make it more appealing to potential new owners??

[@maskedavenger2578]

@@oldfella4096 it’s best to remove extras from a bike you are trading in & get it back to standard , & sell the extras separately . No point in leaving extras on a bike if the dealer is not going to pay any more than they would for the same bike in factory spec .

[@bankruptpensioner]

That's really interesting, Butler. I will pop in tomorrow and understand what the situation is. Sad that this has happened and I suspect on a rule of thumb that if one person has a bad experience (like yourself), then another nine have had a similar experience and not said anything. Let me look into it. I'll pop over tomorrow. Thanks for letting me know on this subject.👍