Thinking about trading for a new RT?

[Dragonrider]

I got a long note from my dealer regarding this issue, since I have a friend with a SE he wants to swap - he stated that an '09 SE with less than 5K was worth $7,500, and with more miles $1,500, and an '08 SE with less than 5K was worth $5,000, and over 5K $1,000 OR LESS. No credit for any farkles, and a 50% reduction if the scheduled maintenance wasn't done by a "certified" dealer, and done on time.... BTW - deduct $1,000 for the SM....

Are these guys being trained by Hardley or what??

While there aren't many Spyders on the road out here, the occasional re-sale is on Craig's List for months, and really low prices, and all of the dealers out here have years worth of inventory, and still have new & demo '08s.

Makes one think thrice about recommending the Spyder to a friend who can't afford to write off the purchase - and there aren't many of those..

Anyone else have any feedback??

 

[Bersquack]

Thieves I say!

This is ridiculous. You are better off keeping it or try selling it yourself.

 

[MizMuffet]

They seem to be doing better than that on eBay.
If your dealer offers consignment sales, you might do better that way, too.

 

[Lamonster]

:agree:
Never seen one go for less than 13K. I think your dealer is on crack or something.

 

[docdoru]

So, trading SM5 08 @ 50K miles = minus $5,000? :yikes::roflblack::roflblack::roflblack:

 

[Lamonster]

So, trading SM5 08 @ 50K miles = minus $5,000? :yikes::roflblack::roflblack::roflblack:

I would hate to see you lose money on it, I'll give you $500 :joke:

 

[Dragonrider]

This is the great NorthWet - I don't think there are more than 10 Spyders on the road in the entire state - including Demos. Probably not many more in Washington or Idaho. So the dealers are hurting.

Lamont - I'll bet you could get a new SM5 out here for under $14K - out the door (no sales tax here)

 

[docdoru]

I would hate to see you lose money on it, I'll give you $500 :joke:

Not only that, but with a negative balance in the trade-in value, we may receive checks from the insurance co's, taxes, after market mods (ESI, I have a minus trade-in value SM5; I like to order H.I.D.'s, please send me the H.I.D.s and a check!). So much for the class 2 prescription...:joke:

 

[Firefly]

Best way to get your $$$ out of it to put towards a new RT---- BURN IT :roflblack::roflblack::roflblack::roflblack::joke::joke::joke:

While those trade-in prices sound FAR too low--- I don't think anyone's going to get much over 10K when trading in.

Depreciation is a killer on products like this!

I plan on riding mine until the wheels fall off and I have to PAY someone to take it away!

 

[Lamonster]

While those trade-in prices sound FAR too low--- I don't think anyone's going to get much over 10K when trading in.

This guy did great.
http://www.spyderlovers.com/forums/showpost.php?p=141704&postcount=21

 

[Dudley]

Don't get me started on this dealer. I sold Honda for 4 years. If this is the way this dealer runs his operation, no wonder there are so few Spyders in the area. Any dealer who's only intention is to maximize profits on sales will have inventory for a long time. You build a customer base by selling product, not by holding on to inventory no one will buy because of inflated prices. If I were a dealer, I would sell $750 above cost, plus recover my actual setup and freight, tax, title, etc. I would have no lagging inventory, a hugh customer base and would be getting stale inventory from dumb dealers who can't sell.
And reducing value even more if a dealer didn't do the services? Lamont, you have one of the best kept up Spyders around, but yours would be worth more if sold for scrap! This dealer is nutz!

 

[3wheeldemon]

Glass Half Full

Every time I buy a motorcycle I "psyque" myself to believe I am throwing away the money to the trash. Anything I will eventually get on resale it will be a windfall. That was definitively my state of mind when I bough a estrange vehicle from a good, but second tier, manufacturer (my Spyder).

The important thing is the fun per mile and fun per $ that you get. On this, my Spyder beats hands down any other vehicle I ever got.:2thumbs:

 

[NewRider]

Thinking about trading? Not only no, but HELL, NO!

At age 67, looking back...there are only two vehicles in my life that gave me a thrill, just fingering the keys. One was my '87 Corvette. The other is my '09 SE5...which I'll be paying on until I'm 72...

I Refuse To Enter Old Age By Default!hyea:

 

[Dragonrider]

We have three dealers out here, and all three hold the same line. One of them will cut a good deal, if it's an outright purchase, and you bring cash.

The RV market is is the toilet & will probably stay there for a while, so the dealers feel they are competing with the used market.

Having both managed and taught marketing for a long time (longer that I want to think about), I don't see any real effort to leverage the opportunity the new RS brings. IE: take a '08 or '09 SE, add the windshield, comfort seat, & bags & put it on the floor next to a $26K RT, priced at $16K (+/-), & I'll bet the old inventory will disappear. That does mean the majority of the GSs will sit for a while, but ultimately everyone would win.

None of these dealers want Spyders on consignment, because they have too many in stock - the fault here lies with BRP. I have yet to see ANY advertising for the Spyder up here. That's like a "willing sex partner" at a football game - you know they are there how???

OK, I'll stop my rant. Hopefully, the market in other parts of the country are being handled better....

 

[effgjamis]

If your spyder is running great, and you have not had the update, then why would your even consider the RT at those rape trade in values? But if you have had the update performed on the spyder and you have experienced an issue, why would think the fixes made to new production would not cause like kind of issues?

 

[Firefly]

We have three dealers out here, and all three hold the same line. One of them will cut a good deal, if it's an outright purchase, and you bring cash.

The RV market is is the toilet & will probably stay there for a while, so the dealers feel they are competing with the used market.

Having both managed and taught marketing for a long time (longer that I want to think about), I don't see any real effort to leverage the opportunity the new RS brings. IE: take a '08 or '09 SE, add the windshield, comfort seat, & bags & put it on the floor next to a $26K RT, priced at $16K (+/-), & I'll bet the old inventory will disappear. That does mean the majority of the GSs will sit for a while, but ultimately everyone would win.

None of these dealers want Spyders on consignment, because they have too many in stock - the fault here lies with BRP. I have yet to see ANY advertising for the Spyder up here. That's like a "willing sex partner" at a football game - you know they are there how???

OK, I'll stop my rant. Hopefully, the market in other parts of the country are being handled better....

Pretty much agree-- but their low-key release and marketing has worked really well---- they couldn't keep up with demand during the first production year - many of us waited 8-10 months to get our Spyders. Can you imagine how many would have been upset if they had sold 5X the amount due to full-blown advertising?

They sold 2X more than expected during the first year.

If anything--- limiting production might have been the best thing to hold price on our bikes.

 

[Dragonrider]

As I indicated earlier - this came up while trying to help a friend. I have a good running SM5, and he has am '08 SE that has been hit with almost every problem listed on the forum (except the fire). I don't blame him for wanting to swap for the RT.

It seems strange that you had to wait the best part of a year for a bike, when our dealers still have premier bikes around...

Guess that doesn't qualify us as early adaptors????

 

[Tom in NM]

I am with Dudley on this . . . . 100%

There are dealers that sell Spyders and those that seem to like collecting them. Dudley's description of a seller is right on target, these people move Spyders and they make money in accessories/upgrades, service, warranties, and off people who just buy and don't do their homework. They are in a business and treat it as such. They work the consumer market and the product market and they come out on top. They provide service and they know how to keep customers happy and coming back - it is all about volume of product sold and generating foot traffic - efficiently. They do not leave money on the table, but neither do they mug you and leave your bank account dead - they want you back and they know you will (probably) be more knowledgeable next time, they do not want you to feel cheated or that you got swindled. Since they are in business, you can do business with them.

I can guess that some only are carrying Spyders because of a contractual obligation to be a BRP dealer. I think this manifests itself in using the Spyder as a leader in the bait in the 'bait & switch' hustle to get people on something with a higher profit margin. Because they have a 'just make the sale' mentality, they usually exhibit high staff turnover, have high prices, limited (but aging) stock & parts selection, and generally poor service & parts departments. They don't have customers, they have pigeons.

Of course, some are just incompetent business people.

Dragonslayer, I think you will find the last two types more prevalent in smaller less populated areas and markets, but they exist (for a while) everywhere. Do the homework (like the good sellers do), put a value on your "gotta have it NOW!" and be prepared to sell your current inventory yourself.

I find it hard not to feel insulted by "offers" like the one you posted, but the best thing to do is nod with understanding and walk away. It is only business and you can do it better than they can.

Tom

 

[WaltH]

Every time I buy a motorcycle I "psyque" myself to believe I am throwing away the money to the trash. Anything I will eventually get on resale it will be a windfall. That was definitively my state of mind when I bough a estrange vehicle from a good, but second tier, manufacturer (my Spyder).

The important thing is the fun per mile and fun per $ that you get. On this, my Spyder beats hands down any other vehicle I ever got.:2thumbs:

I agree with you completely. Any money spent on a recreational vehicle, including motorcycles, is "prepaid consumption", and not an investment in a physical asset. You are buying an intangible asset which is a desired life style. The recovery of your money comes in the joy of riding your motorcycle.

The least cost solution for a Spyder would be to ride it for at least 100,000 miles and then sell it on the internet for whatever it will bring. I have had great luck selling high mileage motorcycles on eBay.

Trade-in values are not a problem for me. I love motorcycles more than I love money. I love riding even more.

 

[bone crusher]

Simply put....it's a depreciating asset...just like a car...but this is more for fun and very few people use a Spyder as a primary means of transportation...just like a sea-doo or snowmobile...

Because of this, resale value generally will not hold...

I didn't buy this bike and would never recommend buying anything like a motorcycle for resale (unless you have a one of a kind collectible)...I want to enjoy it...I don't care if the next guy gets a good/bad deal or not...

With that being said, try ebay...you should easily get over 10k for it...and then some...the bike is certainly worth more than you are being told...someone will give you more for it...

Perhaps Lamont's $500.00 offer sounds good?