Spyder value depreciation

[IdahoMtnSpyder]

I got to thinking today about how our bikes, and motorcycles in general, lose value over time. In the case of bike ridden about 8,000 or more miles per year is there any validity in thinking in terms of $ per mile for depreciation? I rode my Goldwing 52,000 miles and 8 years and sold it for roughly $5000 to $6000 less than I paid for it. That was a depreciation of about 10 cents/mile. I paid $15,000 for my 2013 base Spyder RT, including shipping, and have ridden it 20,500 miles since spring, 2014. I'm thinking it's probably worth something on the order of $13,000 now, or roughly $2000 less than I paid. Again, that's a loss of around 10 cents per mile.

Low mileage bikes, like with 2000 miles/year, would have a much higher $/mile drop simply because age would the primary determinate of price.

Just wondering if $/mile might help us get a better idea of how much our Spyders drop in value. Your thoughts?

[Chupaca]

you can confirm it by going to kelly blue book or nada and punch in your data and see what they value it at. Then see how much per mile. :thumbup:

[Brogers57]

Basically anything these days kills the value. People just don't want to pay money for things. Mass production has killed us!

[ARtraveler]

Depreciation comes up from time to time. Mostly when you want to trade it in for the latest and greatest. Then you hear the horror stories--how little it is now worth--how those accessories that you spent thousands on are now worth little to nothing--...

Depreciation is a fact of life these days on any vehicle. You have heard that when you leave the dealers lot, you just lost 25%. That number is high, but depreciation happens.

Those who trade every year or every other year are going to take the biggest hits. Most items take the biggest hit the first year and then taper off as additional years progress. Those who keep their toy for four or more years are at least going to get the benefit of their :spyder2:'s.

I have been on both sides of the fence. Every other year and keeping the item for over four years.

I would not recommend getting to caught up in the numbers or worry how much a mile its costing. If you take the time to figure all that out--you are going to be depressed. :roflblack::roflblack:

A discount off initial MSRP and maybe some discounts on farkle purchases can take some of the sting out of the above. All those little things, help to reduce the pain.

[JayBros]

Overthinking depreciation could be an indication of insufficient riding.:lecturef_smilie: I've 9,500+ on my Spyder and have two months to go before its 1 year anniversary and I consider myself a casual rider.:yes:

[wyliec]

My thoughts- I'm driving my 2008 GS into the ground; so coz doesn't call me a spyder weenie. If you hear me coz, nod your head.

[robmorg]

Overthinking depreciation could be an indication of insufficient riding.:lecturef_smilie:

:agree: But I'm going to "overthink" why that is true... ;)

There is really no way to accurately calculate depreciation on a motorcycle, and especially a Spyder. Even the KBB is only a rough guide. Best you can do is guess. That's because, on the grand scale, "depreciation" is linked to resale value. Therefore, the higher the market volume, the easier it is to accurately calculate depreciation. The problem with low-volume vehicles (like a Spyder) is that the market value is more heavily based on "dealer subjectivity factors".... Your used Spyder is subject to the value that the dealer you are dealing with THINKS it's worth at any given time. And that is based on many other subjective factors... Geographic location, the time of year, how many "left-overs" he currently has on hand (or can acquire), current manufacturer rebate campaigns, how anxious he is to make a sale, how easily he thinks he can unload yours, and even how he comes to these conclusions.

Of course all these factors can apply to automobiles too, but to a much lessor extent. That's because with automobiles, the numbers that are traded is so vast, that the dealers tend to put more weight on published figures, such as KBB figures. This is partly because published figures tend to be a more reliable basis for dealers, again due to the volume of sales.

I know I'm talking in circles here, but it makes sense to me. :sour:

[flaggerphil]

This is right up there in my "who cares" file...

:D

[Bob Denman]

:agree: I bought it to ride; not to look at it, and worry about it's dwindling residual value... :shocked:

[kngfsh27]

I've had cancer twice and have it again in remission. The depreciation of my Spyder is the least of my worries. Getting through my bucket list, now that is another story. Go have fun. Don't worry about what your Spyder is worth. If you decide to trade it in, just do what I do, tell your financial advisor. Living is not a given. I thank God every morning when I wake-up. Life is way too short to get caught up in the little things.

[Bob Denman]

Your Bucket List... :D
Are you making any progress on those two SuperModels yet? :roflblack: :clap:

[kngfsh27]

Your Bucket List... :D
Are you making any progress on those two SuperModels yet? :roflblack: :clap:
Not on my bucket list since my wife is a super model in my eyes.

[spacetiger]

I got to thinking today about how our bikes, and motorcycles in general, lose value over time. In the case of bike ridden about 8,000 or more miles per year is there any validity in thinking in terms of $ per mile for depreciation? I rode my Goldwing 52,000 miles and 8 years and sold it for roughly $5000 to $6000 less than I paid for it. That was a depreciation of about 10 cents/mile. I paid $15,000 for my 2013 base Spyder RT, including shipping, and have ridden it 20,500 miles since spring, 2014. I'm thinking it's probably worth something on the order of $13,000 now, or roughly $2000 less than I paid. Again, that's a loss of around 10 cents per mile.

Low mileage bikes, like with 2000 miles/year, would have a much higher $/mile drop simply because age would the primary determinate of price.

Just wondering if $/mile might help us get a better idea of how much our Spyders drop in value. Your thoughts?

An interesting discussion - some might not think so. Chupaka had an interesting thought how to look at it.

For me, I'd say the big drivetrain change in bringing on the 1330 really hurt resale values (RTs for the most part). Therein lies the secret value. If you are willing to have lower mpg/range on a single tank of gas, there can be some great buys out there.

I don't think you can bound the cents/mile - because even if you don't ride it much, it will still drop in value (mostly because of drive train change). Example, suppose you only rode it 5,000 miles. You probably drop in value of $2,000. Then the loss is $2,000/5000miles = 2/5, or 40 cents/mile.

What might be a more interesting discussion is how many miles can the bike accumulate before loosing a significant amount. I suspect most Spyders (most RTs) don't have high miles. The resale of these bikes are good because the next buys has some reason to believe they will not have ant/many high cost problems. If you put a spyder with 36,000 miles vs 10,000, side by side, I'm guessing there is a noticeable price difference.

Also, if I could make a generalization (for the RT riders); they are older and have the kind of disposable income to afford their ride. Price is important, but they want certain capabilities and are willing to pay for it. I would say the RS/GS riders are different; I'm still sorting out the ST rider (I am one of them having switched from a RTS). I think the F3 maybe more like the RT buyer. Since they went after the HD crowd, I would guess they are hoping to get the RT kind of buyer as there is a noticeable segment of HD buyer is that are like the RT riders (willing to spend $ for what they want, also know as Sunday Only Buyers (SOB)).

I will upgrade to a newer bike when the ST gets the 1330 engine with clutch and hand brake...

Jerry

[Bob Denman]

Not on my bucket list since my wife is a super model in my eyes.
in that case; :congrats:. :clap: On being able to cross that one off the list! :thumbup: nojoke

[IdahoMtnSpyder]

For me, I'd say the big drivetrain change in bringing on the 1330 really hurt resale values (RTs for the most part).
I don't know how much that changes the resale value, but the local dealer said much the same thing. In fact, the tech changes will impact the resale value while the recall most likely will not as far as the 2013s are concerned.

The reason I brought this up in the first place was to help folks have a better understanding of what the resale value of their Spyder really is. Just like most m/c owners they're inclined to think their bike is worth more than what the market does. You're right, on a mileage basis some folks will see a $1 to $2 or more per mile value drop in the first couple/three years if they don't ride very much. If you ride a lot then the depreciation isn't so bad on a mile basis, which as I see it, means the Spyder doesn't cost you so much.

[kngfsh27]

in that case; :congrats:. :clap: On being able to cross that one off the list! :thumbup: nojoke
Thank you, Bob. My wife means everything to me. She has been through this whole thing with me. She is a saint. We sit together and go over my list. Tomorrow morning I will set again to complete another part of my list.

[spacetiger]

...If you ride a lot then the depreciation isn't so bad on a mile basis, which as I see it, means the Spyder doesn't cost you so much.

I think you are right on this point.

ride safe

Jerry

[ARtraveler]

And there are several ways to calculate depreciation:

:ani29:: Straight line
:ani29:: Units of production (here would be miles driven)
:ani29:: Accelerated methods--such as
Declining Balance Method
Sum of the Years digits method
:ani29:: MACRS (modified accelerated cost recovery system) the IRS way.
:ani29: : And many, many, more....

Each method will give a differing amount.
For accounting purposes the method chosen is supposed to accurately reflect the usage so that the expenses of the period can be more accurately matched with the revenues of the period.

nojokenojoke--but when you think about it all--:roflblack::roflblack::roflblack::roflblack:

Life is short--ride the da_ _ :ani29: :yes:

[PistonBlown]

No point in my case - by the time I've finished with a vehicle it's normally ready for scrap:-) Anyway how much of a 'depreciation' do you put on the fun of owning and riding it?

We don't tend to have age related depreciation in NZ - condition/km's is what it's based on and even then we tend to run up high mileages. the average age of vehicles in NZ is 14 years (in the US it's 8). Most vehicles here are second hand imports (particularly from Japan) because they are worth far more than in their country of origin.

There are secondhand Spyders same age and model as mine for sale at the moment on TradeMe (our version of eBay) that are the same price as I paid for mine new. so if you want to avoid depreciation export it to NZ and sell it there:-)

[OJ UK]

No point in my case - by the time I've finished with a vehicle it's normally ready for scrap:-) Anyway how much of a 'depreciation' do you put on the fun of owning and riding it?



I agree with that! PistonBlown's ute (pick-up truck) is about 20 years old and still runs like a sewing machine!
I'm always amazed at the old British vehicles still in regular use in NZ! Cars from the 60's & 70's are still to be seen!
I'd move there tomorrow if I could!

[AY4B]

If you try to sell it right after you buy it at your bargain price, You couldn't do it. Someone has it for sale dirt cheap somewhere. even though you checked the on line prices when negotiating and think you got a DEAL.nojoke

[daveinva]

Disclaimer: in general, I take the "Zen" attitude to depreciation, i.e. that's just the price you pay for fun, more or less.

That said, nobody kid yourselves, Spyders are awful at holding value in comparison to other motorcycles.

Plenty of reasons why, to name but a few:
1. Not a lot of production history
2. Repeated model-line changes make new Spyders far more desirable
3. Technical problems make older Spyders a crap shoot (once these bikes head out of warranty, watch out)
4. Limited mechanic network
5. Manufacturer / dealer incentives drive new prices very low in less time than other bike manufacturers (I'll say it: people who buy release-day Spyders at MSRP are allowing themselves to be played for suckers).

Just taking a gander at E-Bay this morning, you're lucky to get half what you paid for on an early-model RS. For my RS, I've "paid" $8000 or so for the privilege of riding it for five years. While it's worth it to me, that's an expensive hobby any way you cut it.

Bottom line: I'm liable to trade-in my Spyder just as a matter of convenience, but I really don't expect to get much of anything for it. I know that I'll part out as much as I can to try to recoup at least some of those aftermarket costs, but I'll be impressed if I get ten cents on the dollar for anything I added to the bike. Nobody buys a Spyder thinking about selling it some day, but now that I'm approaching that window, it sure makes me think twice about the kind of bargain I'm going to hold out for on my NEXT Spyder, i.e. there is NO WAY I'm going to pay anything close to full price on a Spyder again, to BRP's detriment.

[Kelly1952]

When I bought my 2014 RT-S in July of 2014, I bought it to RYDE!!! I didn't worry about re-sale price or trade in price. I bought her to enjoy!!! Now, 1 year later and 23,000+ care free miles, I can truly say......I have done my ryding and have loved every one of them. I have no intention of trading or selling her any time soon. Maybe just buying another one for my wife!!!!! :clap::clap::clap:

[PistonBlown]

I agree with that! PistonBlown's ute (pick-up truck) is about 20 years old and still runs like a sewing machine!
I'm always amazed at the old British vehicles still in regular use in NZ! Cars from the 60's & 70's are still to be seen!
I'd move there tomorrow if I could!

Pretty good estimate mate, 22 years to be precise:-)

There is a local guy who uses an E type jag for his daily commute, mind you he breaks down fairly often:-)

[Big F]

I got to thinking today about how our bikes, and motorcycles in general, lose value over time. In the case of bike ridden about 8,000 or more miles per year is there any validity in thinking in terms of $ per mile for depreciation? I rode my Goldwing 52,000 miles and 8 years and sold it for roughly $5000 to $6000 less than I paid for it. That was a depreciation of about 10 cents/mile. I paid $15,000 for my 2013 base Spyder RT, including shipping, and have ridden it 20,500 miles since spring, 2014. I'm thinking it's probably worth something on the order of $13,000 now, or roughly $2000 less than I paid. Again, that's a loss of around 10 cents per

Low mileage bikes, like with 2000 miles/year, would have a much higher $/mile drop simply because age would the primary determinate of price.

Just wondering if $/mile might help us get a better idea of how much our Spyders drop in value. Your thoughts?

ask Cruzr Joe. He trades about every year or so!! cuz he has lots of money. :yes:
BIG F

[CanAmChris]

I got my 2010 RSS in Jan 2011. I put about 32,000 miles on it. I traded it in end of April this year and the dealer gave me a little over $1,000 more then the payoff cost. In essence he took $1,000 off the MSRP for my F3-S with the trade in value. (full disclosure, I had about $1,000 worth of LEDs and farckles but I look at that as a safety investment that I passed on to the new owner.)

[ekfraz]

I sold my 2013 RT S SE5 with 2,300 miles for 16,000. I bought it in Mar. 2014 for 28,000 out the door so I lose 12,000 in less than 2 years.

[ARtraveler]

I sold my 2013 RT S SE5 with 2,300 miles for 16,000. I bought it in Mar. 2014 for 28,000 out the door so I lose 12,000 in less than 2 years.

The 2013 RT took extra hits on value because of the "heat" issues reputation. That has been fixed, but may take a bit for the market to adjust.

Bought 2008 RS in 2008. $16,999. Put over $6,000 in farkles on it. Had to have the new 2010 RTS Premier when it arrived in 2010. Got $13,500 for my 2008 trade in, 23,500 miles on it (they said the farkles were worth nothing). That was a $9,500 loss in two years.

I did not have to take it in the shorts, but it was my choice to move on to the 2010 RT. I was, and am still happy. Never had any buyers remorse--but have cooled it on the farkles, and now sell stuff off when the bike is to be traded.

I can quote similar instances on all other makes of two wheelers. Have had over 40 of them since 1965. Motorcycles are a very poor investment if you trade them regularly. Farkles are a way to burn your money.

I still like to ride and am glad I have had the means to keep myself in the good stuff.

[MRH]

Big surprise, none of us want to pay close to the cost of a new Spyder for one that is gently used (yet we somehow feel that we should only loose a small percentage on those first miles). For those concerned with the drop in value, every factor that brings the Spyders down significantly is an opportunity to get a better value on a used Spyder.

Spyder are expensive to buy, and expensive to maintain. They are not financial investments, they are toys (and damn fun ones at that - worth every penny). All in all, they cost a lot more per mile than a normal class of car, and their only real advantage is in the fun of it. Add in the extra miles we put on because we enjoy riding, and any calculation of value is preposterous - we're fooling ourselves if we say we are getting these to somehow save on a little bit of gas (as we replace our tires and brakes at frequent intervals).

This is the kind of purchase that I consider money out the door when I make it.

Those of us who want the newest and best, pay for it.

Those of us who can live with an older model can find a bargain if we search for it and have some flexibility.

[robmorg]

Depriciation
I sold my 2013 RT S SE5 with 2,300 miles for 16,000. I bought it in Mar. 2014 for 28,000 out the door so I lose 12,000 in less than 2 years.
That's not typical depreciation for even a 2013 RT. For whatever reason, you paid a LOT more than the typical price for an 2013 RTS that was already one model-year old.

[dslim]

I sold my 2013 RT S SE5 with 2,300 miles for 16,000. I bought it in Mar. 2014 for 28,000 out the door so I lose 12,000 in less than 2 years.
I have one that I paid around the same as you, I added a 300 dollar Swaybar and 1000 dollar CB/ intercom system. NADA book says 19,600.00. Now with 10,000 miles you can't get hardly anything for it. I think I have to trade it on an ATV, ( something you can sell) or else part it out. I've owned over 40 bikes in my life, and it's the first that I can't get rid of.

[bug's zedi]

And there are several ways to calculate depreciation:

:ani29:: Straight line
:ani29:: Units of production (here would be miles driven)
:ani29:: Accelerated methods--such as
Declining Balance Method
Sum of the Years digits method
:ani29:: MACRS (modified accelerated cost recovery system) the IRS way.
:ani29: : And many, many, more....

Each method will give a differing amount.
For accounting purposes the method chosen is supposed to accurately reflect the usage so that the expenses of the period can be more accurately matched with the revenues of the period.

nojokenojoke--but when you think about it all--:roflblack::roflblack::roflblack::roflblack:

Life is short--ride the da_ _ :ani29: :yes:

As a property tax geek, I always harass the accountant types that they all use Fake depreciation. The only true depreciation is a comparison of original cost to fair market value. Some of the above methods more closely estimate the true depreciation where others are purely figments of someones imagination used to benefit the owner on income taxes.

[ARtraveler]

As a property tax geek, I always harass the accountant types that they all use Fake depreciation. The only true depreciation is a comparison of original cost to fair market value. Some of the above methods more closely estimate the true depreciation where others are purely figments of someones imagination used to benefit the owner on income taxes.

Harassment accepted. It is strictly an "accounting game" required by the feds and GAAP for spreading cost over a number of tax periods. Numbers vary depending on which flavor. It keeps us in business though. :roflblack::roflblack:

[Cleg]

The 2013 RT took extra hits on value because of the "heat" issues reputation. That has been fixed, but may take a bit for the market to adjust.

Bought 2008 RS in 2008. $16,999. Put over $6,000 in farkles on it. Had to have the new 2010 RTS Premier when it arrived in 2010. Got $13,500 for my 2008 trade in, 23,500 miles on it (they said the farkles were worth nothing). That was a $9,500 loss in two years.

I did not have to take it in the shorts, but it was my choice to move on to the 2010 RT. I was, and am still happy. Never had any buyers remorse--but have cooled it on the farkles, and now sell stuff off when the bike is to be traded.

I can quote similar instances on all other makes of two wheelers. Have had over 40 of them since 1965. Motorcycles are a very poor investment if you trade them regularly. Farkles are a way to burn your money.

I still like to ride and am glad I have had the means to keep myself in the good stuff.

:yikes::yikes:Did you believe the dealer said the Farkles were worth nothing and still made the deal??? I'll bet he added a considerable sum to the asking price of the because of the farkles. No matter how you look at it (depreciation) you have to consider the joy of owning/ryding and the personalization that we all do. Several posts herein elude to that and it is my opinion that we will do what we want and not what we need...

Would be interested in seeing what the asking price ended up being on the trade in....

Just sayin'

[ARtraveler]

:yikes::yikes:Did you believe the dealer said the Farkles were worth nothing and still made the deal??? I'll bet he added a considerable sum to the asking price of the because of the farkles. No matter how you look at it (depreciation) you have to consider the joy of owning/ryding and the personalization that we all do. Several posts herein elude to that and it is my opinion that we will do what we want and not what we need...

Would be interested in seeing what the asking price ended up being on the trade in....

Just sayin'

The dealer sold it to his niece for $14,000. He gave me a check for the additional $500 that he made on the trade. There was no screw job here. She is still riding it. She took off the fairing, and trunk--so no idea how much they netted for that. I know the dealer has a red fairing for a 2009 still in stock and brand new. Does not seem like a good hot or valuable item to me. I have a good relationship with the dealer--he has sold me 4 more :spyder2:'s in subsequent years. He makes a fair profit and is still around to give me good service. That is worth something to me.

[DrewNJ]

I buy to ride, and when I'm done with it I trade or sell it outright and don't even look back. Sometimes it's early, sometimes they stick around awhile. When it's time to move on, it's time to move on.
I think a lot of people get caught when they finance and find out they can't get out of it.

Sent from my SCH-I545 using Tapatalk

[Bob Denman]

:shocked:It's not what you've got in it...

..It's what you get out of it; that counts!! :2thumbs:

http://www.spyderlovers.com/forums/attachment.php?attachmentid=113523&stc=1

[pegasus1300]

I sold my 2013 RT S SE5 with 2,300 miles for 16,000. I bought it in Mar. 2014 for 28,000 out the door so I lose 12,000 in less than 2 years.

The man I bought my 2012 RT Limited from, paid close close to $30,000 out the door. I bought it in June in of 2015 with 8500 miles on it for $15000. He was not happy to sell it but health forced the sale. With the down payment I had I was able to get the monthlies down to a very manageable size.Depreciation worked in my favor. I will keep this bike awhile,so depreciation will not be in my favor when I sell/trade it. But it is so much fun now that depreciation is a minor consideration. It may move up at at sale time.

[robmorg]

I have one [2013 RTS] that I paid around the same as you, I added a 300 dollar Swaybar and 1000 dollar CB/ intercom system. NADA book says 19,600.00. Now with 10,000 miles you can't get hardly anything for it. I think I have to trade it on an ATV, ( something you can sell) or else part it out. I've owned over 40 bikes in my life, and it's the first that I can't get rid of.Good thing they fixed it then, isn't it. Now you don't HAVE to sell it. :thumbup: ;)

[nightshift357]

A men

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[MikeT]

For me the largest depreciation(20%-25%) occurs when dealer clearout the previous years models as the new models are bieng rolled out.

[dslim]

Good thing they fixed it then, isn't it. Now you don't HAVE to sell it. :thumbup: ;)
We have some serious health issues in the family right now, it really needs to go away. I didn't think it would be this hard to sell, we may have to part it out.