My take is the Spyder is not all that unlike most motorcycles - drive it off the showroom floor and loose at least 20% instantly. I purchased a like new 2003 Yamaha FZ1 (in 2003) with 600 miles for $6500 (from a dealer) when new went for $9.5K. The person that traded the bike in for another new 2004 model only got $4500.
I wouldn't recommend buying any Spyder if you are doing so based on re-sale value. Supply and demand - right now economy is bad-dealers have 08/09s at good discounts and used Spyders are even at a higher discount (lower demand higher supply).
Some think that the RTs will not depreciate as quickly-I see no reason why not - after two years very likely 2010/2011 RTs will be sitting on show room floors available at a discount along with the HOT NEW RTX with 1000+cc supercharged engine ready for the must have latest new thing buyers.
Just look on ebay alone and you'll see close to 30 Spyders for sale at the same time - definitely a buyers market.
2015 F3-S Platinum,CalSci Tinted Shorty,GIVI E41N side cases/ E52NA top case with Admore LED running/brake/turn:mounting-thank you Guzzi and Spyderyderjim. Yamaha Leather Tank Bib, Yellow LED strip smile.
Custom Dynamics Brightsides LEDs front/rear fenders running lights, Lamonster Garage LED Headlights/Fog Lights/3rd Pegs, 12V socket/rear seat, battery tender Frunk, BRP 2-up rear shock,Ultimate backrest.
2008 RS from 2008 through 4/2015
Very Active Member
I pretty much agree with BeRight---- other than I think the RT resale/trade-in will drop just like the original Spyders have. If you buy an RT today for $25,000---- you will take that $10,000 depreciation hit within 3 years.
Originally Posted by wolfshead1
I can't really think of any other product that doesn't follow this same pattern-- especially in this economy. I've easily got $21K into my Spyder--- and with 14K miles I would not expect to get over 10K for it after only 2 years.
Spyder #1 - 2008 GS SM5 Premier Edition #1977. RIP after 80,000 miles.
Spyder #2 - 2012 RT SM5. Traded in after 24,000 miles.
Spyder #3 - 2015 F3 SM5. Current Spyder ready to tear it up!
Keep in mind that the book prices on vehicles -- and maybe more particularly motorcycles (including the Spyder roadsters) -- is based on the original sticker price.
If you option, modify and customize -- YOU WILL MOST LIKELY LOSE THAT VALUE. That being true unless you are lucky and find an interested individual buyer or a dealer who believes they can market your customized Spyder and get value for the additions/changes.
Even cars lose ~20% on the way out the door.
That is why I'm waiting to by an RT - right now I don't see Spyders holding value in this market. I see other bikes fairing better but not the Spyder - too new in a cr@ppy market. The RTs are really are nice though but I'm waiting - waiting for a bigger engine, 6th gear and if they don't come out w/ it, by then I should own my Spyder SM5 outright and can buy something else - depending what's out there. I do need touring but not at that price right now. I can do that up on the Spyder I have now for less, the way I want it.
But once it's paid off - Look out - time to buy another toy!
How's the popcorn?
Hello Wolfshead, Hello Barb. How's the popcorn?
Originally Posted by wolfshead1
I honestly can't put a price on what fun I have had during my first year. 12xxx miles and loving it.
I'm not sure how much of this actually pertains to your thoughts but for what it's worth,
When I bought my 2008 Spyder used off Craigslist in Sept, 2008, I paid $13,500. It had 500 miles on it. The only way I could buy the Spyder was if I sold my 2005 Kaw Vulcan 2000. I sold that bike for 7 grand. In my opinion, that motorcycle was worth a hell of a lot more than 7 grand but I wanted this gosh darn Spyder so bad, I sold the bike for what I owed on it.
My point is, this could be the same reason we are seeing some of these Spyders going for lower prices. Or somebody needs the money so desperately, they just need to get out from under the payment.
One other thing I want to share with everybody. If you go on eBay, create an account and sign in, you can view recently sold items. It is located on the left side of your screen. I just did it to see what Spyders are going far these days. Here are 4 of them.
Previous owner of a 2008 Spyder SM5.
Current owner of a 2002 Kaw Drifter 1500.
A bigger engine and 6th gear will definitely drive the $25K PE-RT into the low teens for sure.
Originally Posted by Smylinacha
Silver SM5 PE# 1274, Hindle Exhaust, Touring Windshield, Caliper Trim, B.E.S.T. 3 Year Ext, Nuvi 255 GPS, Fog Lights, Sport Rack, Back Rest, 12V Outlet, Talon 3300p Alarm, NMN Mud Flap and TipZ LEDs, SpyderLovers Emblems, Kuryakyn Widow Pegs and Axel Trim, Luimoto seat skin, Evo Air Filter and O2 Mod, Cranker Tank Bag, Blue Sea fuse block, MAD/AMS/MBG, Oddyssey battery, IPS.
Service Bulletin Applied: Gen II parking brake, 2nd SW patch, evap can/hose update, Gen II DPS
By then I'm wondering if Harley will come out with their leaning reverse trike. Would be nice to see if someone comes out w/ something that leans a bit too, besides a bigger engine. But definitely want a bigger engine w/ a 6th gear. Bigger fatter tires up front too!
Originally Posted by M2Wild
Checked with my dealer & was told "Waiting list for the RT??? We still have new '08s. IF BRP wasn't forcing the issue, we wouldn't even order them until Spring.."
Look for discounts coming to a dealer near you this spring!!!!
I must admit, at first I thought the Spyder seemed overpriced, but now that I see 600cc bikes for over 10 grand, I don't think its a bad deal. That said, I made up my mind on price and it took a while to finally get a dealer to agree to it. Better yet, the bike wasn't a demo either. It was still in the crate when I bought it.
The worst part for me was the fact that I didn't know whether I was going to like riding a bike or not. I've never owned a bike before the Spyder, so I was not sure if I'd want to keep it. Here in Utah, there is not much of a market for the Spyder. Mostly because many people don't know about its existance. I still laugh at all the people staring at it wondering "what the heck is that?"
I have only put 250 miles on it, but I'm still loving every minute of it. Hopefully this weekend I'll get another 100 miles going through Utahs Alpine loop.
I'm 63 and have had them all.2 wheelers that is.Carving and touring are in my soul.Now I'm looking to add a wheel and keep riding for many years.I'm choosing between Spyder and Harley Triglide.Today the Spyder is winning based on features, warranty and riding enjoyment,oh
and cost also.
If you like riding it's because of the dog trait.That is why dog's hang their heads out the window of a perfectly good vehicle.
ride safe and ride often,
I think w/ the two wheels up front, you will be able to corner much better than two wheels in the back. I just like the looks of the Streetglide trike but I really do not think it would corner as well as a Spyder would. Unless they make somebody that leans and looks cools - then we might see some competition.
Originally Posted by wolfshead1