How do you sell a nearly new bike? - Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums
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post #1 of 25 Old 08-16-2006, 05:16 PM Thread Starter
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How do you sell a nearly new bike?

Hi guys,

Here's a question that has stumped me for years....

I'm considering selling my 2006 Wee Strom (I know) but I have no real idea how to do it, or how guys seem to be able to buy a new bike every single year. So I'm looking for some thoughts on how you or others do it.

I owe about $700 more on my Strom then I could probably sell it for (even with over $2K worth of accessories on it) and the bank holds the title.

Outside of trading it in (the only option I know of, and one that is *very* much frowned upon with dealers here in Las Vegas) what are some of the other methods that I can use to move this bike on to another happy owner, and get myself another one? This title thing really has me stumped.

Thanks,
~Mike

P.S. A picture of my baby. I love it, but my back just won't allow me to ride it as much as I'd like. I need something with a far lower center of gravity that I can control at stops with my legs, instead of my damaged lower back.

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post #2 of 25 Old 08-16-2006, 06:31 PM
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you bought all those accesories for it then realised your too short?, your gonna lose money for sure, but id take all those extras off, sell em on ebay or some where, and sell the bike as standard. you will still lose a bit but maybe not quite as much

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post #3 of 25 Old 08-16-2006, 06:52 PM Thread Starter
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Nope, not too short.

I can just flat foot the bike at 6'0". Without this back injury, it's the perfect ride height.

But because of the seat height and high center of gravity, I find that any balancing that I have to do (either at very low speed or stopped) requires me to use muscles in the L5-S1 section of my low back - right at the point of injury.

I only realized this after a 1,500 mile trip in May. Around town it was bearable, but after a few days on the road, my back ached to the point that I could barely keep the bike upright.

Since I bought the bike for multi-day tours, it just wasn't going to work. I never imagined I would run into this problem, and it wasn't a problem on shorter day trips - which is why I purchased the accessories.

(I've since taken a couple of rides on cruisers, and found due to the lower seat height, I'm able to use my legs for any balancing that is necessary, with no pain whatsoever.)

I'm of two minds about all the "stuff". Selling it individually might bring a better overall price, but then I'm left to sell a Strom that is just like any other Strom out there. And with riding season starting to wind down in the next 6-8 weeks, I figure I need all the help I can get to sell it.

~Mike

P.S. Anyway, back on topic....how do people buy new cars and trucks every year? Do they just trade in and roll their old loan into a new one?

I have a friend who has bought 9 brand new cars in the past 5 years. How the heck is he doing it??
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post #4 of 25 Old 08-16-2006, 08:18 PM
 
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I had a Suzuki Burgman on a Suzuki loan. The dealer was happy to take it as a trade-in on my DL650. They just 'refreshed' the loan and my monthly payments remained the same.

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post #5 of 25 Old 08-16-2006, 09:12 PM
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Quote:
Originally Posted by orezona
I have a friend who has bought 9 brand new cars in the past 5 years. How the heck is he doing it??
Your friend probably either has a lot of debt or a lot of money. I'm guessing it is the debt.
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post #6 of 25 Old 08-16-2006, 09:29 PM
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Well I do have to admit I'd probably sell the lower fairing seperate just because they are so hard to get ahold of you could probably get almost full price for it. Your right about the rest, its just stuff and not terribley rare.

To send your cars and bikes back to the dealer just means your losing money on them. Everyones doing it just how you would do it. Trade it in, and then lose some money on it. You might consider riding to another state, or dealer to get a better trade in if the vegas dealers arnt helping. Here in chicago they trade pretty well, because they can move it right out the door again. Plus they are selling you a new bike and making money on that too
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post #7 of 25 Old 08-16-2006, 09:47 PM
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Your bike is absolutely gorgeous! I want mine to look like that. Where did you find the lower fairing? If I had more money to spend on my Scarlett right now I would take some of those farkles off your hands. Do you have a list of your accessories? My friends have done well selling cars on e-bay. Maybe that would help in your situation. Again, beautiful bike

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post #8 of 25 Old 08-16-2006, 11:06 PM
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It's hard to do sales without clear title, btdtgtt.

Since a trade will probably get you screwed a little no matter where you go maybe you can talk to the note owner (bank) and see if they have any provisions for transferring the loan. People trade leases all of the time, I don't see why it couldn't be done with a loan, too. I'm sure you've read in the classifieds " $400 + assume loan / lease"

Whatever you do DON'T ROLL IT OVER into a new loan via trade UNLESS you are absolutely sure that you can deal with owing more$$ than your next bike is worth. I did one rollover with an upside down car to a Dodge Truck and ended up with +$10k over the price of the truck. I knew going in that I would take a loss on the truck if I didn't keep it for the full term (But dammit this was before the Dodge Charger cames out!)

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post #9 of 25 Old 08-16-2006, 11:17 PM
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Quote:
Originally Posted by orezona
Nope, not too short.

Anyway, back on topic....how do people buy new cars and trucks every year? Do they just trade in and roll their old loan into a new one?

I have a friend who has bought 9 brand new cars in the past 5 years. How the heck is he doing it??
I don't bother to sell the old ones. I know they are worth more than I can get , soooooo

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post #10 of 25 Old 08-17-2006, 10:59 AM
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I realize this is probably a pointless and dumb question, but I gotta ask.. Have you considered lowering the bike? Seems w/ lowering links, modified seat, dropping the forks, you might be able to loose enough height to make it worthwhile. Just curious..

It sure is a nice looking bike though!!

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