Trying to find the trade in value for a 11 rts decked out with 4400 miles.
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Trying to find the trade in value for a 11 rts decked out with 4400 miles.
Try kbb.com...
They have values for motorcycles too! :thumbup:
KBB shows $17,500 for good condition in your area.
:dontknow:Only 1 year old and its lost more than $10grand in value :yikes:Quote:
Originally Posted by akspyderman
And in my area of Cincinnati,OH/Northern KY a 2011 RT-S in excellent condition is valued at $22,005
Same in my area...22,005Quote:
Originally Posted by CyncySpyder
I bet it's in better than good condition. But that still sounds low. Remember too that quote is wholesale not retail.Quote:
Originally Posted by akspyderman
Just checked and it shows a RT LTD Auto for $18,750.
That's ridiculous $1,250 more for a LTD SE5 over a RTS???
This sounds really screwed up to me.
The info as I posted was for his zip code and was for trade in value. They did not show any other condition than good. The number I posted was what was on the site. My 2010 showed it was worth $15,700. His description was for an RTS--not the RT-LTD.
For retail you would probably add about $2000--that's what the dealer does.
If you doubt me, look it up under kbb motorcycles.
More good reasons to keep riding what you've got! :thumbup: Depreciation... :gaah:
I would say that depreciation has now caught up with Spyders. The first couple years there was very little information (blue book wise) because it was a new vehicle and did not have a track record.
Since dealers generally use the blue book to their advantage, I don't see values going up from blue book very much.
Most found their values through the market such as e-bay and various for sale ads found everywhere. I was also under the assumption that mine should be worth about 20K. But that is wrong based on what I found today. $15,700. Thats 44% of its original value--not counting farkles or other money put into the machine.
Motorcycles do tend to depreciate faster than cars and farkles count for about nothing to 50% if you are on the lucky side. Since I am nearing retirement age, I might be on my last vehicles. They are all paid for and running good. There is going to have to be a lot of incentive for me to jump in again and go into debt for thousands of dollars.
Farkles don't count??? :shocked: :gaah:
I'm in trubble! :roflblack:
You misread my intent. I'm not doubting you at all. I simply said they only showed $1,250 more for an LTD w/SE5 over an RTS which to me seemed quite low. The SE5 alone should be at least a grand more in value. I never said he described a LTD.Quote:
Originally Posted by akspyderman
Just for grins and giggles I put in the zip for Beverly Hills, CA and guess what...same exact numbers.
Maybe we should all search the Nation for the best place to get a good dollar for our bikes, and then move there when the time comes to sell it! :thumbup: :roflblack:
The only place you'll see values like that is at the dealer, if you try to trade it in. If you look closely at the KBB value, there's a deduction for the SM 5, as most "S" models are probably sold with the SE5 transmission - so the only real value of the LTD is the GPS.
Based on Ct and Ebay - somewhere between $21.5 & $23 would be reasonable - and the year doesn't seem to matter, other than the 12's which are running closer to retail….
Well last friday I talked to my dealer about trading in my 2011 RT A&C with 8k miles for a 2012 Limited with trailer and he said he would give me $13,500 for mine. :yikes::yikes:
Quote:
Originally Posted by lyonsden
That gives new meaning to the term "stealer".:wrong:
I was offered a 2012 TriGlide with 1500 miles on the clock for my 2010 RT S and $2500 cash. I figure that was at least a $25K offer….
Nice how "Farkles" don't seem to mean anything to the trade-in value at the time of valuing the trade - but are highly touted as "big added value" to the new potential purchaser when they are on the used machine on the sales floor :p
I believe the moral of the story is: Do your homework before buying used, going to the dealer to buy new, or buying and trading in.
KBB is a good starting point, then use other sources in addition.
Also: pre-shop for financing. Allowing the dealer to do the work usually costs you a couple % points (dealer reserve). E.G. They will tell you the rate is 8%. They really get it for 6%. You pay the 8%, the dealer gets the difference between the 8% and the 6% as a "fee".
I always know my best rate before I go in to buy. If the dealer has a better rate, I take it. Last time, I got 0% financing on my Kawi Vulcan with 2 year terms.
The NADa Guide doesn't list trade in value, but it list low of 20,700 to a high of 27,000 retail for a 2011 used RTS