Will the Ryker price hurt resale of 998 models?

[Indiana Ken]

OK the Ryker is new, and I think Can AM needed a entry level bike. Having a 2012 RT with the 998 engine, I was wondering if the resale value (say 10 to 12k) for the RT, do folks think that price is high now that you can get a brand new Ryker for around 10K.
I know there are a ton of differences between the bikes, but was just wondering everyones thoughts.
i do not plan to get rid of my RT, I love it.

 

[UtahPete]

OK the Ryker is new, and I think Can AM needed a entry level bike. Having a 2012 RT with the 998 engine, I was wondering if the resale value (say 10 to 12k) for the RT, do folks think that price is high now that you can get a brand new Ryker for around 10K. I know there are a ton of differences between the bikes, but was just wondering everyones thoughts. i do not plan to get rid of my RT, I love it.

I don't believe so, for the myriad reasons that have been expounded upon in other Ryker-related threads.

 

[Firefly]

Yup.. it's going to lower the resale value for sure... just like the $3000 - $5000 rebate deals BRP does on overstocked models from a year ago does.
My dealer told me those rebates absolutly kill trade in and resale values.

 

[Culpjp]

It will depend on the rider. If you're just wanting to get into a Spyder and aren't looking for a specific model. Then you might not want to spend 12k for a used one versus a new one for cheaper. If you're only wanting a specific model then it won't matter what the Ryker, costs compared to a RT or F3. It's not what you're looking for. The new lower MSRP I think will hurt the resale values. They do with cars also.

 

[PMK]

Honestly, I do not know and time will tell.

While the Ryker is new, and sparkly with obvious easy financing, those bikes are not for everyone. Saying that, I believe that once the novelty wears away, having a gearbox, and storage may prove to be king.

If anything, consider how serious was the loss in value when the 14s arrived with the 1330 triple. That will maybe be a greater strike than the Ryker. That said, it is now the fifth year for the 1330, and things are likely stabilized.

I learned yesterday that my 16 year old nephew, who was already offered a job in the computer field at $150,000 per year start salary, does not know how to ride a bicycle, and has no intentions to learn. Sadly, this may be the millenials BRP targeted.

 

[DGoebel]

"My Dealer told me" Thanks for the belly laugh.... I wonder how many "truths" started with that phrase.

My Dealer told me you could only run Kenda's on spyders, other tires were unsafe.

My Dealer told me you could only use BRP oil in spyders.......

My Dealer told me the 2018 dash was a MAJOR improvement and worked fine.

Sorry firefly, just couldn't resist.

 

[ARtraveler]

I have had a "pristine" 2011 RT A & C for sale over the last three years. I started at $12,500 and it is currently at $10,500. No takers--and the last price was offered a year before the Ryker.

I am guessing $1K to $2K less would now be the selling price. One glitch--I am up here in AK, digging in the cold, cold, ground. :roflblack:

I may try again when we move to the lower 48--but for now--the used market here--sucks. Most dealers take the NADA or KBB wholesale price of the Spyder and discount it an additional 20%. They say--that is just the way it is. I am paid for, free and clear, so I can wait it out. Don't need the latest and greatest. Linda is happy with what she has.

The same pattern seems to appear in the for sale threads. There are a few who have done better--but the majority remain unsold at prices that were considered (normal) just a couple months ago.

 

[Sarge707]

I have had a "pristine" 2011 RT A & C for sale over the last three years. I started at $12,500 and it is currently at $10,500. No takers--and the last price was offered a year before the Ryker.

I am guessing $1K to $2K less would now be the selling price. One glitch--I am up here in AK, digging in the cold, cold, ground. :roflblack:

I may try again when we move to the lower 48--but for now--the used market here--sucks. Most dealers take the NADA or KBB wholesale price and discount it an additional 20%. They say--that is just the way it is. I am paid for, free and clear, so I can wait it out. Don't need the latest and greatest. Linda is happy with what she has.

The same pattern seems to appear in the for sale threads. There are a few who have done better--but the majority remain unsold at prices that were considered (normal) just a couple months ago.

Don't feel bad- I had to let my 2012 Base Model sm5 go for $8,600 a year ago But I got tired of paying insurance and Property tax on both.

 

[Bob Denman]

It's aimed at a different portion of the marketplace: I think that it's affect will be minor. nojoke
Folks that are new to the Sport (It's primary target); will always be more likely to buy a new vehicle with a warranty.
998 owners should all just stick to their prices: the right person will always come along! :thumbup:

 

[Chupaca]

As I see it....

It will not hurt your re-sale value, though potencial buyers will use it to try and get you down, but it will greatly reduce your buyer pool. Those that love the twin and the style of the original will still be out there looking. I for one will if mine should go before I do...:thumbup:

 

[r1100rider]

Don't feel bad- I had to let my 2012 Base Model sm5 go for $8,600 a year ago But I got tired of paying insurance and Property tax on both.

You have to pay property tax on a motor vehicle?

 

[r1100rider]

Yup.. it's going to lower the resale value for sure... just like the $3000 - $5000 rebate deals BRP does on overstocked models from a year ago does.
My dealer told me those rebates absolutly kill trade in and resale values.

I agree I'm in retail and when you try to get nearly new prices for used it's a very tough sale no matter what extras the used product has

 

[asp125]

Little if any effect on the 998's IMO. Apples to oranges, the Ryker is sufficiently different enough; like comparing a Honda Shadow to a Goldwing. The intended target market is different. What may be affected though, is the resale value of used Rykers. When the entry price is low enough for folks to buy in new, used bikes are likely to get a pass.

 

[Sarge707]

You have to pay property tax on a motor vehicle?

70% of the OCT NADA value Towns use times your Mill Rate- About $240 the last year on the 2012 RT.

 

[TRBorslien]

Common, unfortunately

You have to pay property tax on a motor vehicle?

Sometimes called personal property tax or luxury tax.

If you are paying more than twenty or thirty dollars per year for registration, you are probably paying property tax. This is (or was) deductible on your federal 1040 if you can determine how much of the registration is fee and how much is property tax.

 

[ARtraveler]

Going back to the OP question...

We are comparing apples with oranges...UNLESS...price becomes a deciding factor...

Then...

Do I want a NEW Ryker, or should I accept a used Spyder Product??

The Spyders are not quite as "bare bones" as the Ryker. The under $10K market is pretty much covered when you consider Used Spyder and New Ryker.

I believe there was ONE 2008 advertised and sold for $5500. At this point--the lowest used Spyder price I can recall.

:bbq::bbq:

 

[4 MARIE]

You have to pay property tax on a motor vehicle?

well we pay personal property tax here on our vehicles. The newer they are, the more you pay.
It's a suckin' heck of a deal huh? Which is why there are so many "bombers" out there.

 

[r1100rider]

70% of the OCT NADA value Towns use times your Mill Rate- About $240 the last year on the 2012 RT.

I would be had I have a pile of vehicles

 

[Dubliner]

I live in BC and the price you quote is a steal however that is $13,550 cad plus $1626 tax plus what ever else they might ask makes it close to $15200. So for me it’s a no brainer and it comes with a warranty

I have had a "pristine" 2011 RT A & C for sale over the last three years. I started at $12,500 and it is currently at $10,500. No takers--and the last price was offered a year before the Ryker.

I am guessing $1K to $2K less would now be the selling price. One glitch--I am up here in AK, digging in the cold, cold, ground. :roflblack:

I may try again when we move to the lower 48--but for now--the used market here--sucks. Most dealers take the NADA or KBB wholesale price of the Spyder and discount it an additional 20%. They say--that is just the way it is. I am paid for, free and clear, so I can wait it out. Don't need the latest and greatest. Linda is happy with what she has.

The same pattern seems to appear in the for sale threads. There are a few who have done better--but the majority remain unsold at prices that were considered (normal) just a couple months ago.

 

[Firefly]

"My Dealer told me" Thanks for the belly laugh.... I wonder how many "truths" started with that phrase.

My Dealer told me you could only run Kenda's on spyders, other tires were unsafe.

My Dealer told me you could only use BRP oil in spyders.......

My Dealer told me the 2018 dash was a MAJOR improvement and worked fine.

Sorry firefly, just couldn't resist.

In this particular instance the dealer is correct. The salesman is a friend of mine and is just a straight shooter. The data backs up what he's saying. Right now BRP is offering up to $5,500 rebates on 2016-17-18 models.
2017 F3 base models can be had for under $10k.... I know this for a fact :doorag:

So why would someone by a used 2009 GS for $8,000 when they can get a brand new F3 base with warranty for $10,000?

Same logic will apply to new Spyder shoppers... why would they pay $7,000 for a used GS or RS when they can get a brand new Ryker for under $10K new with warranty?

This will drop the retail value of older models by thousands. You will see used 2008 and 2009 GS models for under $5,000 within a few years.

The Ryker might be a different machine, but to a new rider they may not care about the differences so much.

Trade-in values will be down as well. The dealers simply can't give you much on a trade with those huge rebates from BRP every year that they use to unload overstock previous year models.