Dragonrider
06-08-2012, 01:07 PM
(Sorry, supposed to be "Spyder Value")
There have been a number of threads regarding the value of owned Spyders - based on what I've seen, there are three driving factors:
1. perceived value
2. perceived scarcity
3. perceived safety
Dealers are offering the lowest possible prices for trades - the same holds true for Hardleys, or any other brand. I have a friend with a Hardley, he wanted to trade in: 2010 Ultra w/12K on the clock - trade offer (for a 32K Tri) $13,500 vs low NADA of $18,500. However, the CT ads and CraigsList put this bike closer to $23K. The PERCEPTION is that HD has a higher value, and more therefore demand.
Talking to a dealer, with a $23K 2010 RTS on his floor - "the Spyder is perceived as the safest bike on the road. New riders, who were looking at 650's to Sportsters, and now looking at the RS" - these bikes still retain the "Cool Factor" to counterbalance the HOG personna. Then you add the: "I've seen those on TV, but haven't seen one on the road", and you have all three key points.
If you had a three year old honda or Yamaha, you would expect to lose 50 to 60% of the purchase price. Recently, however, like used cars, used values have improved, because of the soaring cost of new bikes. This means that since a new model bike may cost $10K (Yamaha Grizzley), and your 2009 cost you $6500 (actual), seeing used prices at $6000 or more wouldn't seem out of line. Even $8,000 might seem to be a bargain over new.
If you use this logic for the Spyder, asking $21,500 to $23,500 for a used 2010 RTS, with low miles, isn't out of line - even though your dealer just offered you $11,500 for the same bike.
If you have a clean title, you should be able to expect a reasonable price for your Spyder in the open market, but if the bank still owns the bike, you're probably stuck with a dealer's offer, if you really want to swap.
There have been a number of threads regarding the value of owned Spyders - based on what I've seen, there are three driving factors:
1. perceived value
2. perceived scarcity
3. perceived safety
Dealers are offering the lowest possible prices for trades - the same holds true for Hardleys, or any other brand. I have a friend with a Hardley, he wanted to trade in: 2010 Ultra w/12K on the clock - trade offer (for a 32K Tri) $13,500 vs low NADA of $18,500. However, the CT ads and CraigsList put this bike closer to $23K. The PERCEPTION is that HD has a higher value, and more therefore demand.
Talking to a dealer, with a $23K 2010 RTS on his floor - "the Spyder is perceived as the safest bike on the road. New riders, who were looking at 650's to Sportsters, and now looking at the RS" - these bikes still retain the "Cool Factor" to counterbalance the HOG personna. Then you add the: "I've seen those on TV, but haven't seen one on the road", and you have all three key points.
If you had a three year old honda or Yamaha, you would expect to lose 50 to 60% of the purchase price. Recently, however, like used cars, used values have improved, because of the soaring cost of new bikes. This means that since a new model bike may cost $10K (Yamaha Grizzley), and your 2009 cost you $6500 (actual), seeing used prices at $6000 or more wouldn't seem out of line. Even $8,000 might seem to be a bargain over new.
If you use this logic for the Spyder, asking $21,500 to $23,500 for a used 2010 RTS, with low miles, isn't out of line - even though your dealer just offered you $11,500 for the same bike.
If you have a clean title, you should be able to expect a reasonable price for your Spyder in the open market, but if the bank still owns the bike, you're probably stuck with a dealer's offer, if you really want to swap.