Farkle Value - Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums
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post #1 of 10 Old 04-09-2010, 01:50 AM Thread Starter
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Farkle Value

Hello All,

I am trying to put together an offer for a used v-strom which the owner says has $3000 worth of accessories on it. That sounds like a lot of money to me, and I'm wondering how much of that he can really expect to get back. The bike is an 09 DL650 (non-ABS) in excellent condition with 4900 miles and he is asking $6800. Dealers around here are asking only $7000 for new 09's, without the farkles of course.

Here is the list :

Penske rear shock
Lindeman Fork springs
Front fork brace
MRA Windshield
Skidplate
Frame sliders
Swingarm slider/spools
Crash Bars
Center Stand
Suzuki Carbon Fiber Accents
12V accessory Power

What do you guys think is a fair offer for this bike ?

Thanks !
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post #2 of 10 Old 04-09-2010, 04:36 AM
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Quote:
Originally Posted by jesse1 View Post
What do you guys think is a fair offer for this bike ?
Questions like this drive me crazy. There is no absolute value for anything. It's worth what someone will pay for it, no more or less.

If YOU actually want the add-ons and the value is on target (as determined by you), then take it. If the add-ons aren't worth it to you, then don't. It's really that simple.

Odds are that you don't, because few people want all the same accessories. That's why it's usually better for the seller if he removes them and sells them separately.
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post #3 of 10 Old 04-09-2010, 05:15 AM Thread Starter
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Thanks for you input - yes I am very aware of market dynamics - however I thought it a fair question to ask as a new motorcycle buyer who is not familiar with the resale value of after market accessories. Honestly to me the bike is worth 5k but my hope was to get a little more information before making an offer. Feel free not to respond if it causes you too much distress.
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post #4 of 10 Old 04-09-2010, 12:22 PM
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Quote:
Originally Posted by jesse1 View Post
Hello All,

I am trying to put together an offer for a used v-strom which the owner says has $3000 worth of accessories on it. That sounds like a lot of money to me, and I'm wondering how much of that he can really expect to get back. The bike is an 09 DL650 (non-ABS) in excellent condition with 4900 miles and he is asking $6800. Dealers around here are asking only $7000 for new 09's, without the farkles of course.

Here is the list :

Penske rear shock
Lindeman Fork springs
Front fork brace
MRA Windshield
Skidplate
Frame sliders
Swingarm slider/spools
Crash Bars
Center Stand
Suzuki Carbon Fiber Accents
12V accessory Power

What do you guys think is a fair offer for this bike ?

Thanks !
On simple way to come up with an offer price and a value to you, is to start with KBB retail price for the stock bike. Then for the extras that are important to you (i.e. the ones you would add to a new bike), look those up on the internet to get their prices and discount those about 30-40%. Do not add anything for the extras on the bike that you do not care about. If you want to add some value for the install time the PO did for the extras you want, add that in. That should give you a fair price and value of the bike to you. Don't be swayed by what the PO says he has into the bike, he added those for himself not to up the resale value.

Hope this helps.

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post #5 of 10 Old 04-09-2010, 12:27 PM
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Yeah, KBB + 1/2 the value of the accessories is a good place to start if you want the accs, apart from the suspension work. I imagine that stays as is, and does add value if you want the improved suspension.

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post #6 of 10 Old 04-09-2010, 03:03 PM
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Some things have value some things don't. When selling a heavily "farkled" bike or any bike most of the add-on's become worth only 10-15% of their retail price.

There are some things that do add some value.

Penske rear shock - some value to some people.
Lindeman Fork springs - I don't see the value
Front fork brace - Part and parcel of the bike
MRA Windshield - Part and parcel of the bike
Skidplate - Small value
Frame sliders - 0 value in my book if buying
Swingarm slider/spools - 0 value in my book.
Crash Bars - Some value
Center Stand - Part and parcel of the bike
Suzuki Carbon Fiber Accents -0 value in my book
12V accessory Power - 0 value in my book.

Don't do the Kbb + accessory route. Take his asking price and make an offer of what you think the bike is worth. If he really was looking to recoup some of his money he'd take the stuff off the bike and put the stock stuff back on.

Plus, that isn't 3000 worth of accessories.

With this guys logic my bike is worth close to 10k. Which it's not, no matter how much money I've spent on extras.

[COLOR="RoyalBlue"]08 DL650 [/COLOR]

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post #7 of 10 Old 04-09-2010, 06:04 PM Thread Starter
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Thanks for all the input - that is super helpful. The listing turned out to be a dealer masquerading as a private seller, so I will be more aggressive with them
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post #8 of 10 Old 04-10-2010, 05:44 PM
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Seller didn't list everything if he really has $3K into the bike. Unless he paid a dealer to install everything that only seems to be about $1K worth of parts not counting the rear shock. I seriously doubt that rear shock is worth $2K.

If the bike has stuff I would spend money on then I don't mind paying extra for installed extras. Saves me the hassle of installing them myself. But if it's stuff I don't want, then not interested in paying more. Seller is almost always better off getting a bike close to stock and selling the parts separately.


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post #9 of 10 Old 04-13-2010, 08:20 AM
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I'd recommend against looking at KBB and use NADA instead


KBB always seems to be high to me, a reflection of aasking prices and not actual sales prices like NADA



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post #10 of 10 Old 04-13-2010, 06:37 PM
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All great advice, however I don't like using any book as a guide. The market will set the price.

Like others have said, think of a base price of what is a reasonable price (for you) of the bare bike, and add the costs of accessories that you like.

For me, the below listed accessories would appeal to me, so I'd add probably 5-600 to the stock bike price I have in mind.

Lindeman Fork springs
Front fork brace
MRA Windshield
Skidplate
Frame sliders
Crash Bars
Center Stand

But if having to buy these accessories, have them shipped, and then you spend three days beating up your knuckles, cursing, and coming here every hr looking for advice to install, you may want to increase their value to probably a 1000 bucks.

FWIW... Last week I sold a red 06 Wee, 11000 miles, 1500 worth of stuff for 6700. Guy looked at it for only a few minutes, I started it for him, he shut it off after 30 seconds. And I rode it to his home shortly after.
It was exactly what he wanted, color, accessories, etc. He didn't haggle a nickle, and is very happy...As am I.

The only way there is 3000 in accessories is if the dealer installed everything and at 90 bucks an hr included in the 3000. Which is possible I suppose..

Pay the price your happy to pay.

Good luck

Ken

2007 DL650 Gray
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