Trade in value?

[Bullet24]

Just curious as to those that have traded in their 08 spyders for newer models. I am really curious as to what people have gotten recently (like within the last 4 months or so) on their trade in? How many miles did it have? SE5 or SM5? The dealer offered me $7500, I think it should be at least 8k, thoughts?? :popcorn::popcorn:

[IWN2RYD]

Just curious as to those that have traded in their 08 spyders for newer models. I am really curious as to what people have gotten recently (like within the last 4 months or so) on their trade in? How many miles did it have? SE5 or SM5? The dealer offered me $7500, I think it should be at least 8k, thoughts?? :popcorn::popcorn:
Actually I am not one fitting your needs. Buy I wanted to comment... That actually seems pretty reasonable. They cannot take into account any accessories (That does not mean they won't, just do not expect them to).

The 2008 model is now the first of four model years. And they would probably offer it for sale in the $11-13k range... Settling for about $10,500+ depending on miles and how many other models they have.

We have been looking for a used RS pretty much all of this year. So this is where my personal thoughts on this are coming from. Not official, just commenting that it does seem reasonable...

Not to mention that if you are trading it in on a newer unit, this gives you some leverage to force their hand into a better deal on the new Spyder or the warranty/service or accessories. That is what happened for us. :thumbup: YMMV.........

I was not happy with the trade in value, but blown away on the deal made for the new one and that balance it all out to a very happy camper (Wife). In fact I will say this. It was the first time in my life that I walked in to a dealership, asked what deal they put together for us... They told us... I said perfect. Sold...

Very pleased with how we have been treated and serviced. And most definitely will buy many more vehicles from them in our future. nojoke

[burg650]

I would never trade anything to a dealer, they will always offer a very low price so they can mark it up when they sell it if you have the time selling it yourself will always get you the best price. I also don't believe that if you trade that will help you get a good deal on what ever you are buying, I think cash in hand speaks for itself you let them know you are a serious buyer and you have cash ready now they will deal.

[Bullet24]

I would never trade anything to a dealer, they will always offer a very low price so they can mark it up when they sell it if you have the time selling it yourself will always get you the best price. I also don't believe that if you trade that will help you get a good deal on what ever you are buying, I think cash in hand speaks for itself you let them know you are a serious buyer and you have cash ready now they will deal.

I hear ya, I am not trading it in. I was looking at an RT for a great deal but at the time the only way to afford the monthly payment was to either sell or trade in my RS. I did not want to get rid of the RS so I will wait till I can save up some down payment, and get rid of one of my car payments, than I will go back and get an RT. I will not only have one or the other, I have to have both to suit my needs/wants. The 7500 is just what they were offering me while I was there and thought it was a little low, especially cause I only have 2800 miles on my spyder. I do understand that they need to make a profit and it will sit there for a little while till they get a buyer, but I just felt that 7500 was just too low.

[C3517C]

I just sold my 2008 SE5 with phantom kit and a few upgrades on craigs list for $13,000. It was a clean bike, 7500 miles. The first guy who came to see it bought it. I still had several calls after it was gone. Sounds to me like you could do better. I know trading in is hassle free, but it was really very little effort to sell mine and I know the dealer would have given me a lot less.

[Bullet24]

I just sold my 2008 SE5 with phantom kit and a few upgrades on craigs list for $13,000. It was a clean bike, 7500 miles. The first guy who came to see it bought it. I still had several calls after it was gone. Sounds to me like you could do better. I know trading in is hassle free, but it was really very little effort to sell mine and I know the dealer would have given me a lot less.

If it comes down to it I would sell it private party. But I will just probably keep it and just buy an RT to go along with it. Unless I can talk my wife into upgrading me to a ne RS-S along with the RT :2thumbs:

[NancysToy]

NADA Book Retail Price (http://www.nadaguides.com/Motorcycles/2008/Can-Am/SPYDER-GS-998cc)

Kelly Blue Book Trade-In Price (http://www.kbb.com/motorcycle/trade-in/2008/can_am/spyder-gs-sm5/353095)

[COOLMACHINE]

NADA Book Retail Price (http://www.nadaguides.com/Motorcycles/2008/Can-Am/SPYDER-GS-998cc)

Kelly Blue Book Trade-In Price (http://www.kbb.com/motorcycle/trade-in/2008/can_am/spyder-gs-sm5/353095)

There you go.

If he wants to give you $7500, then make sure you get the new machine at a lower price. "6-in-1, half dozen in the other."
It's a personal decision of how badly you need to sell it for, and how much a new one worth to you. Selling it out-right tends to get you more money but for me, trading it in sure is easier, IMO. You're in the driver's seat.

[bone crusher]

NADA Book Retail Price (http://www.nadaguides.com/Motorcycles/2008/Can-Am/SPYDER-GS-998cc)

Kelly Blue Book Trade-In Price (http://www.kbb.com/motorcycle/trade-in/2008/can_am/spyder-gs-sm5/353095)

Unfortunately, those prices mean nothing...honestly.

I recently sold my lexus hybrid, which was low mileage and MINT, with 2 years left on manufacturer's warranty, and I couldn't get close to those prices, either through a dealer or private party.

I sold eventually on ebay, but the market always determines the price...nobody really follows Kelly's or Edmunds except dealers who want to rip people off...I would've gotten another 3k for my vehicle if everyone considered those prices...argh!

[usurp31]

Unfortunately, those prices mean nothing.

:agree:

[Dragonrider]

I bought my '09 RS SM5 for $14K off the showroom, added $6K in farkles, put 7,200 miles on the clock, and sold it a year later (8/10) for $14,500 cash. A couple of used '08s were on Craigslist for $8500 to $9500 then - and that was retail (no dealers).

Having said that, our local dealer still wants $14K for his '08 demos. Bottom line - it's worth what you can get for it…...

[NancysToy]

Unfortunately, those prices mean nothing...honestly.

I recently sold my lexus hybrid, which was low mileage and MINT, with 2 years left on manufacturer's warranty, and I couldn't get close to those prices, either through a dealer or private party.

I sold eventually on ebay, but the market always determines the price...nobody really follows Kelly's or Edmunds except dealers who want to rip people off...I would've gotten another 3k for my vehicle if everyone considered those prices...argh!
They may mean nothing, depending on your dealer, buyer, or seller...and your market. They are statistically derived from the average values reported, and do fairly represent market averages in most markets, however. They are also a valid tool, you can't be ripped off if you know the book values going in to the dealer. If you have a rough idea what to expect, you will not likely be surprised or fooled when the dealer gives his initial low-ball price...or demands an outrageous fortune for a sale. You will also likely recognize a bargain if you hear it. The bottom line is...there are places to look up these things, other than SpyderLovers.

[boborgera]

:dontknow:
I don't know how other States work' But in New Jersey and New York if you trade in a vehicle you only pay the sales tax on amount you payed the dealer not the full price of the new vehicle. So there's a little saving there. 7 to 8+ percent.

Also i can't deal with people coming to my house and trying to chisel me down, so i just trade it in.

[NancysToy]

Michigan pays tax on the full sale price...the trade-in is merely part of the payment, not deducted from the sale price.

[IWN2RYD]

Michigan pays tax on the full sale price...the trade-in is merely part of the payment, not deducted from the sale price.

Ouch :(:yikes:

[pitmon]

I don't know what the trade in value is on an 08... but I was at the dealer the other day and they had one for sale that they had taken in on trade and the tag said 13,000. They had an 09 for 14,500. I don't know about the mileage etc... I think I would try to sell mine outright before trying to trade it in... just sayin.

[bodymanpainter]

We got 9800.00 on trade for my wife's 08 RS with 13,500 miles on it and we traded for a new Suzuki C50T Boulevard. We did the deal about 6 months ago.

[bone crusher]

The bottom line:

Never trade in your Spyder...it's like getting rid of a family member!

[M2Wild]

I was gonna guess $8,000 for wholesale / blue book / clean trade. $7,500 sounds like its in the ball park. Higher trade value means they just make up the difference on the other end.

[Bullet24]

I would never be without a spyder, I will own them as long as they keep making them. If I wanted to get a newer RS I would simply sell the 08 I have and put that cash down on one. I have been looking at the RS-S matte burnt orange spyder, but the wife and I are going to get an RT-S first and then I will consider trading my GS/RS on a new RS-S. Like I was saying before, I can't be without an RS, I just have way too much fun with it. RT will be great for our 2 up and distance riding, but I gotta have my RS for sport riding.

[bone crusher]

I would never be without a spyder, I will own them as long as they keep making them. If I wanted to get a newer RS I would simply sell the 08 I have and put that cash down on one. I have been looking at the RS-S matte burnt orange spyder, but the wife and I are going to get an RT-S first and then I will consider trading my GS/RS on a new RS-S. Like I was saying before, I can't be without an RS, I just have way too much fun with it. RT will be great for our 2 up and distance riding, but I gotta have my RS for sport riding.

You'd be better off just getting your panels custom painted...cheaper than swapping around...

I have a 2008 Millennium Yellow...love it and won't get rid of it for some time...I keep adding mods...

[harddrive]

I bought a 08 SM5 from a buddy in June with around 5K on the clock. Gave 9500 for it. After riding it for 6 months and several long trips 2 up, we decided to trade it for either a RT or Harley Triglide.

Several of the Harley dealers said they would not take it in on trade. I found a 2010 Silver RT audio SM5 and took my 08 SM5 down so they could have a look.

With very little "haggling", the gave me 9 grand for the 08 which I had put about 2500 miles on, giving it a total milage around 7500, and knocked 3 grand off the bottom line price on the RT deal...since the 2011 were due in in a few weeks.

All this took place the weekend before christmas. A few weeks late, I took the RT in for the 600 mile service and get the airbag replaced. My 08 GS had just been sold, for 10500, out the door.

In Texas, we only pay sales tax on the difference between the buying price and what we get for the trade...

[rcs6677]

I bought a 08 SM5 from a buddy in June with around 5K on the clock. Gave 9500 for it. After riding it for 6 months and several long trips 2 up, we decided to trade it for either a RT or Harley Triglide.

Several of the Harley dealers said they would not take it in on trade. I found a 2010 Silver RT audio SM5 and took my 08 SM5 down so they could have a look.

With very little "haggling", the gave me 9 grand for the 08 which I had put about 2500 miles on, giving it a total milage around 7500, and knocked 3 grand off the bottom line price on the RT deal...since the 2011 were due in in a few weeks.

All this took place the weekend before christmas. A few weeks late, I took the RT in for the 600 mile service and get the airbag replaced. My 08 GS had just been sold, for 10500, out the door.

In Texas, we only pay sales tax on the difference between the buying price and what we get for the trade...


First of all, hello to all I am new to this site and joined to better educate myself on the spyder, and was forwarded to this site by someone who had one for sale but had sold it by the time I came across his ad on cycletrader.com. So far I have been to dealers, looked all over the internet (sites like yakaz.com/oodle.com/ebay etc.) and actually caught people trying to sell them fraudulently. Among the dealers I have dealt with even learning what I have from this site over the past couple of days....I feel like they just want to much and while expecting you pay the asking price with no give and take it has been my experience lately that they will put it back on you by saying that if it means enough to you to have, you will have no problem paying.
I can appreciate that they have become popular and I even understand why, but would still like to pay at least reasonable money for one (ex. $13000+ for an 08 versus $16000+ for an 11) the prices just seem all over the place and thus making it hard to put an actual price on one or at least know if your in an acceptable realm price wise.

Please help guys!!!! I want to be a happy spyder owner as well!!

Any comments and/or knwoledge is appreciated, look forward to hearing back from everyone.:dontknow:

Ray

[COOLMACHINE]

Sold my 08 SM5 two months ago to an individual for $8300. Came with F1 Evolution III slider windshield, Throttlemeister cruise control, leaking hindle exhaust, GloRyders and an American Flag Wrap. Had 24XXX miles on it and a top-notch transferable warranty including towing and rental car good till June 2014.
I've had a couple calls since then from people looking to purchase. It's still early enough in the riding season to get a good price for it IMO. Good luck with what ever you decide to do. Jerry

[SpyderWolf]

First of all, hello to all I am new to this site and joined to better educate myself on the spyder, and was forwarded to this site by someone who had one for sale but had sold it by the time I came across his ad on cycletrader.com. So far I have been to dealers, looked all over the internet (sites like yakaz.com/oodle.com/ebay etc.) and actually caught people trying to sell them fraudulently. Among the dealers I have dealt with even learning what I have from this site over the past couple of days....I feel like they just want to much and while expecting you pay the asking price with no give and take it has been my experience lately that they will put it back on you by saying that if it means enough to you to have, you will have no problem paying.
I can appreciate that they have become popular and I even understand why, but would still like to pay at least reasonable money for one (ex. $13000+ for an 08 versus $16000+ for an 11) the prices just seem all over the place and thus making it hard to put an actual price on one or at least know if your in an acceptable realm price wise.

Please help guys!!!! I want to be a happy spyder owner as well!!

Any comments and/or knwoledge is appreciated, look forward to hearing back from everyone.:dontknow:

Ray

:welcome:

A good deal is determined by what the seller is trying to get for the machine, and what the buyer is willing to spend. If both are happy at the end of the transaction, then a good deal was made in each of their minds. If there is only a $3,000 difference between a used 08 and a new 11, I know my money would go towards the new model. At the same time, if I, for some crazy reason, decided to sell my Spyder I would want to get as much out of it as I could as well.

There are deals to be had out there, and Jerry's above is an example of that. Good luck in your search and keep in mind, if it sounds too good to be true then it probably is. Anything over $7K is likely legitimate, but if someone is selling lower than that it could be pretty sketchy in my opinion.

[rcs6677]

:thumbup:SpyderWolf,

Thanks....and I agree....and at this point I would be estatic to find a syder for the $7000 to $9000 range lol.... My patience will pay off, but I am anxious to get out there on mine (when I get it!!).

I am wanting a RS-sm5.....

Ray

http://www.epgsoft.com/servlet/epgSoft.VisitedStatesMap.VisitedStatesMapServlet/VisitedStatesMap.jpg?states=FL&height=100&format=jpg&Submit=Create+Map&country=US

[SpyderWolf]

:thumbup:SpyderWolf,

Thanks....and I agree....and at this point I would be estatic to find a syder for the $7000 to $9000 range lol.... My patience will pay off, but I am anxious to get out there on mine (when I get it!!).

I am wanting a RS-sm5.....

Ray

I understand completely. I paid full retail for mine when I bought it, then found one for my wife a little over a month later for $4K less than I paid for mine. :opps:

[fastfraser]

:ohyea:Just sold mine 18,000. 2009 SE5 40k on the clock !

[cyclelover63]

I would never trade anything to a dealer, they will always offer a very low price so they can mark it up when they sell it if you have the time selling it yourself will always get you the best price. I also don't believe that if you trade that will help you get a good deal on what ever you are buying, I think cash in hand speaks for itself you let them know you are a serious buyer and you have cash ready now they will deal.

Cash does not always speak loudest. The dealer also makes money on the "back end". They finance it to you for 1% -2% more than what the bank or finance company charges them..But,you are correct in getting more by selling it yourself. They cannot pay you retail if they are going to resell it. They pay you wholesale or close to it,if they can..

[mowin]

A week ago I was at my dealer looking a 08 sm5 with 1200mi. Asking $12,900. Went back 2 days later and it sold for $11,900. He told me he had a new 09 sm5 leftover w/phantom kit, foglights, and a 1" riser. Took it home for $14,600.

[arntufun]

:ohyea:Just sold mine 18,000. 2009 SE5 40k on the clock !



I hope you sleep good at night. You got 18k for a 09 with 40k miles on it ??? WOW !!! You got that guy good. :yikes::yikes::yikes: Can't you get a brand new one for that price ???

[ARtraveler]

Canadian poster--was in Canadian money most likely--don't know what the current exchange rate is though.

[dltang]

Canadian poster--was in Canadian money most likely--don't know what the current exchange rate is though.

And regardless of the exchange rate, the spyders just more expensive in Canada. So I am sure it was a fair deal for all involved.

[Raptor]

I pulled the Phantom off the table when I bought my Suzuki GSX1250 FA because I thought the trade value offered was way too low. But from what I'm reading here I may have been just a tad mistaken. Heck, Some dealers would not even take it.

My problem with the trade was that 14 is a genuine Phantom, not an RS with a skin kit. As such, it should be worth way more, but they don't see it that way. I don't think they get that part of it. But that is OK, I still have her for now and I'm glad.

[fastfraser]

I hope you sleep good at night. You got 18k for a 09 with 40k miles on it ??? WOW !!! You got that guy good. :yikes::yikes::yikes: Can't you get a brand new one for that price ???


I sleep well thank you much. Pushed it out front put a for sale sign on it and 45 miniutes sold it with two people waiting for the first guy to bale .

I paid 21k for it and put another 14k into it .

[WrapFactory]

Just curious as to those that have traded in their 08 spyders for newer models. I am really curious as to what people have gotten recently (like within the last 4 months or so) on their trade in? How many miles did it have? SE5 or SM5? The dealer offered me $7500, I think it should be at least 8k, thoughts?? :popcorn::popcorn:


I'll give you $8500 cash for it!!

[bonehead]

my dealer will let me sell it on his floor, as long as i buy a new bike and do paperwork. Win win situation!:2thumbs:

[arntufun]

I sleep well thank you much. Pushed it out front put a for sale sign on it and 45 miniutes sold it with two people waiting for the first guy to bale .

I paid 21k for it and put another 14k into it .


Can you explain further 14k into it ??? :dontknow::hun: What did you buy extra that would equal 14k ??? That must have been one tricked out RS !!!

[SpyderWolf]

I pulled the Phantom off the table when I bought my Suzuki GSX1250 FA because I thought the trade value offered was way too low. But from what I'm reading here I may have been just a tad mistaken. Heck, Some dealers would not even take it.

My problem with the trade was that 14 is a genuine Phantom, not an RS with a skin kit. As such, it should be worth way more, but they don't see it that way. I don't think they get that part of it. But that is OK, I still have her for now and I'm glad.

The main problem is with sentimental attachment. They are always worth way more to us than any dealer, so they will try to get the best deal they can with trade in value. I am glad you kept 14 as well. :thumbup:

[SpyderRyder10]

We sold our Spyder in 3 days on www.cycletrader.com (free 2-week ad). Pain-free transaction, solid buyer, met a new Can-Am fan through the process. Why not get the most for your money by selling yourself? If you trade in for another vehicle, they are going to get you one way or another (trade in value, price of new bike, financing). Here's the best strategy: (1) Sell your bike; (2) Negotiate price for new/gently used bike; (3) Always pay cash for toys. You are in the driver's seat. Good luck!

[fastfraser]

Can you explain further 14k into it ??? :dontknow::hun: What did you buy extra that would equal 14k ??? That must have been one tricked out RS !!!

Corbin heated seat,trunk box, hard saddle bags, hindle. J&M CB, Phantom kit,Highway bracket and 6 widow pegs, juice box,HIDs all Magicmans LEDs, Elka shocks, evalotion sway bar ,etc,etc.