My local dealer 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?
My local dealer 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?
What's your tax rate, dealer prep/doc fees (so I can work back to the price of the bike)?
Faster, faster, faster, until the thrill of speed overcomes the fear of death.
~Hunter S. Thompson
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.
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
Last edited by CaneZach; Thu May 26th, 2011 at 08:58 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.
www.mo-door.com
https://64degreeracing.com/
2003 VFR800
2007 GSX-R600
2007 R1
2003 R6 Race bike
2010 Ducati SF1098
2016 60th R1
2018 Aprilia Tuono V4 1100RR (Always say I'm done riding but the results state that I lied...)
So what do you guys think I should offer out the door? They seemed like theyd be willing to work with me.
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/Motorcycle...dard-Equipment)
...wish I still have my invoice sheets, then I'd know what's what on that bike...
Last edited by Ghost; Thu May 26th, 2011 at 09:03 PM.
Faster, faster, faster, until the thrill of speed overcomes the fear of death.
~Hunter S. Thompson
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.Originally Posted by CaneZach
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.
MRA #88
Keeping it midpack since 2010!
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...
Faster, faster, faster, until the thrill of speed overcomes the fear of death.
~Hunter S. Thompson
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...
Faster, faster, faster, until the thrill of speed overcomes the fear of death.
~Hunter S. Thompson
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.
MRA #88
Keeping it midpack since 2010!
I know the KBB is on a used one. I was just showing it for comparison purposes.
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.
You guys are right. They can probably go lower. I'm going to offer them $9500 out the door.
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.
Good point. Thanks for the replies!
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.
'16 Kawasaki Ninja 1000
'12 Kawasaki Concours14 - Sold
'08 Kawasaki Concours14 - Sold
'05 Suzuki SV1000S - Sold
'07 Kawasaki Vulcan 900 - Sold
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...
http://cgi.ebay.com/ebaymotors/NEW-2...ht_5850wt_1167
Just as a reference.
yes it is a new bike... 3 years old new... start low fo sho!
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.
'12 BMW S 1000 RR
'11 Suzuki V-Strom DL-650 *SOLD*
'07 Aprilia RSV R Factory *SOLD*
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.
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.
Posting Permissions
Reply With Quote
