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View Full Version : Brand new 09 CBR600RR ABS at the dealer. $10,800 OTD good?



zerocool
Thu May 26th, 2011, 08:36 PM
My local dealer (http://www.600rr.net/vb/showthread.php?p=3143957#) still has a brand new 2009 black RR with ABS. They said honda is offering 800 bucks off but with taxes its still comes out to $10,800. What do you guys think I should offer them?
http://i292.photobucket.com/albums/mm39/brandon4256/09_CBR600RR_ABS_Blkpreview.jpg

Ghost
Thu May 26th, 2011, 08:46 PM
What's your tax rate, dealer prep/doc fees (so I can work back to the price of the bike)?

zerocool
Thu May 26th, 2011, 08:50 PM
Ghost, I'm in Adams county they were estimating taxes would be another 800 or so. And they were gonna charge me $250 for prep fees.

CaneZach
Thu May 26th, 2011, 08:54 PM
A 2009 for $10+ K? I don't think it's that good of a deal, even with the ABS option. I'd say it's about a grand, maybe more, too high.

ETA: KBB says $7500 with the ABS

madvlad
Thu May 26th, 2011, 08:59 PM
That's too high for a 09'... we're almost halfway through this year and 2012 models come out in September/October. Price is too high.

zerocool
Thu May 26th, 2011, 09:00 PM
So what do you guys think I should offer out the door? They seemed like theyd be willing to work with me.

Ghost
Thu May 26th, 2011, 09:00 PM
MSRP (if I recall correctly) was $10,799 on the ABS model, so you've got $1050 in taxes & fees, that means the bike is priced at $9,749, Average Retail on a used one is $8,925.

So, for a mere $800 bucks over a used one you're getting brand new with full warranty and no one's dropped/tinkered with it.

It Would BE a good deal, and probably close to invoice (I don't recall the exact % off MSRP anymore).

BUT, you said that price included $800 from Honda, so that means you're back up to almost MSRP if you take that out of the equation.

My advice: try and see if you can get more of that $800 for yourself, or, in other words, try for UNDER $10k OTD including the $800 rebate and all taxes/fees.

@CZ: just for info, that's for Used, this one's (I think) new, and dealers use NADA (http://www.nadaguides.com/Motorcycles/2009/Honda/CBR600RR9-ABS-599cc/Standard-Equipment)

...wish I still have my invoice sheets, then I'd know what's what on that bike...

zerocool
Thu May 26th, 2011, 09:01 PM
A 2009 for $10+ K? I don't think it's that good of a deal, even with the ABS option. I'd say it's about a grand, maybe more, too high.

ETA: KBB says $7500 with the ABS

Thats for a used one. but I guess if I turned right around and tried to sell it. Then thats what I would have to sell it for.

spideyrdr
Thu May 26th, 2011, 09:04 PM
Not apples to apples but I got a brand new '06 CBR1000RR in March of 2007 (so it was sitting next to a nearly-identical 2007 model) for $10,400 OTD. I realize that was 4 years ago and it's a liter bike, but I personally wouldn't call the price your dealer is offering the steal of the century. Once the dealer has had the bike this long, they are typically losing money on it every month since they are likely paying the interest for that inventory.

I'd try to offer your best price - if you LOVE the bike and really want it, offer what you think is fair and reasonable.

Ghost
Thu May 26th, 2011, 09:05 PM
Thats for a used one. but I guess if I turned right around and tried to sell it. Then thats what I would have to sell it for.

KBB uses auction and private seller data, NADA is the only guide actually used by dealerships for dealerships (including the ones I worked at).

KBB prices are always lower than NADA due to where they're sourced--and yeah, that's used, not new, you'll always take a hit if you have to turn around and sell the bike/car/house etc...

I'd hit them at $9500 OTD and see what they say...

Ghost
Thu May 26th, 2011, 09:08 PM
Once the dealer has had the bike this long, they are typically losing money on it every month since they are likely paying the interest for that inventory.

At this point it's off their Floor Plan and they've actually bought the bike, so it's "dead inventory". They're not paying interest, but it's still taking space and they're still out the cash for it...or so most dealerships work, if you have an outside loan for your flooring, then you're definitely paying interest--but that's a quick way to go out of business...

spideyrdr
Thu May 26th, 2011, 09:08 PM
Just thought of something: The used price is in fact relevant because if you roll off the lot and the bike is immediately stolen, your insurance will likely only cover blue book on it. This is why they sell GAP insurance. Then you'd have your deductible to eat. Your OTD price on a year-old new bike should ideally not be any higher than what your insurance would cover. Something to think about.

CaneZach
Thu May 26th, 2011, 09:13 PM
I know the KBB is on a used one. I was just showing it for comparison purposes.

Vellos
Thu May 26th, 2011, 09:14 PM
They'd love to sell the older bikes that are still 'new', so you can lowball and get away with it. I got my 2008 ZX6R 'new' last year for $7,500 OTD.

zerocool
Thu May 26th, 2011, 09:30 PM
You guys are right. They can probably go lower. I'm going to offer them $9500 out the door.

Vellos
Thu May 26th, 2011, 09:43 PM
Honestly, 9000 OTD would be reasonable, start there and maybe work up to 9,500. Keep in mind they haven't been able to sell that bike for 3 years.

zerocool
Thu May 26th, 2011, 09:59 PM
Good point. Thanks for the replies!

BC14
Fri May 27th, 2011, 12:15 AM
Offer 9k and work up in small increments from there. I got my 08 Connie for a good price last year by doing something similar.

TmoneyZ636
Fri May 27th, 2011, 04:27 AM
I got a 2008 zx-10r in September '10 for 7500 otd. I would shoot for 8k and if they aren't willing to deal walk...

Kitten
Fri May 27th, 2011, 07:55 AM
http://cgi.ebay.com/ebaymotors/NEW-2011-HONDA-CBR6RR-CBR600RR-BLACK-11-SALE-/280681223408?pt=US_motorcycles&hash=item4159e794f0#ht_5850wt_1167

Just as a reference.

mastap07
Fri May 27th, 2011, 07:58 AM
yes it is a new bike... 3 years old new... start low fo sho!

Sarge
Fri May 27th, 2011, 08:13 AM
I did this with my 07 RSV R Factory, I bought it new last year, but it was 3 years old and on the floor. I paid less out the door, taxes and everything, than it's worth on NADA right now. Start low, and be prepared to walk, you'd be surprised what the dealer will give you, ESPECIALLY if you finance outside them. I walked into the dealer I bought my Aprilia at with a loan for the bike I already wanted, and I pretty much set the terms for the deal myself. Now I've got the title in hand, and I could probably sell it used for more than what I paid for it new.

zerocool
Fri May 27th, 2011, 08:35 AM
Start low, and be prepared to walk, you'd be surprised what the dealer will give you, ESPECIALLY if you finance outside them. .

Yeah, its a lot easier to talk numbers when financing outside. Honda is offering 1.99% right now so I'll probably finance there though.

jbnwc
Fri May 27th, 2011, 09:39 AM
Bikes will always get cheaper and better, so don't feel like you HAVE to get this one. There will ALWAYS be a better deal as time goes on.

Ghost
Fri May 27th, 2011, 12:36 PM
Just thought of something: The used price is in fact relevant because if you roll off the lot and the bike is immediately stolen, your insurance will likely only cover blue book on it. This is why they sell GAP insurance. Then you'd have your deductible to eat. Your OTD price on a year-old new bike should ideally not be any higher than what your insurance would cover. Something to think about.

Except OTD (Out The Door) includes things like Taxes, Fees, and Setup costs--which are in addition to the price of the bike itself.


Gap insurance is sold just for that reason--to cover the gap between what you owe (which if you finance also tacks on Interest) and what your bike is now worth.

You cannot expect to get a new bike, including all those fees/taxes for the same price as a used bike...it just can't/won't happen.