Mandova Posted July 14, 2011 Report Share Posted July 14, 2011 (edited) Bought brand new from State8 early Spring of 2011. Only selling because I want to upgrade to a bigger bike now. 800 miles New Yoshi pipeHID headlight kit. Asking $2,500 OBOSOLD Edited February 2, 2012 by Mandova pricing adjustment Quote Link to comment Share on other sites More sharing options...
Big3 Posted July 14, 2011 Report Share Posted July 14, 2011 Quote Link to comment Share on other sites More sharing options...
redkow97 Posted July 14, 2011 Report Share Posted July 14, 2011 MAYBE on Craigslist? Quote Link to comment Share on other sites More sharing options...
Beegreenstrings Posted July 14, 2011 Report Share Posted July 14, 2011 do they owe that much on it... I am positive they were selling those at Treadway Honda/Suzuki for 3495.00? Quote Link to comment Share on other sites More sharing options...
redkow97 Posted July 14, 2011 Report Share Posted July 14, 2011 Take it back to State 8 and see what it's worth on trade-in. Wait until it's crowded.When they say "$2,000" you need to say loudly and clearly, "$2,000!? But you sold it to me for $5,xxx just over 3 months ago! Are you ripping me off now, or were you ripping me off when you sold it to me?"I suppose you could give them the chance to play nice first, but I think it's clear that they exploited a first-time buyer. Quote Link to comment Share on other sites More sharing options...
Wicked1 Posted July 14, 2011 Report Share Posted July 14, 2011 wow someone got BONED! Quote Link to comment Share on other sites More sharing options...
Mandova Posted July 14, 2011 Author Report Share Posted July 14, 2011 (edited) I didn't purchase this bike....just to make myself clear.Understand the dealership sells for more than what things are worth. It's a friends bike I am selling. I asked what he wants for it and that was his reply. But I am going to say again..... OBO. It's listed OBO. His wishes.He's a good fellow, and is just looking at attempting to get back what he put into it.I'll talk to him and adjust the asking amount. The critique is all good. I explained my opinion on price today. Edited July 14, 2011 by Mandova Quote Link to comment Share on other sites More sharing options...
Cheech Posted July 14, 2011 Report Share Posted July 14, 2011 I didn't purchase this bike....just to make myself clear.I know the dealership sells for more than what things are worth. It's a friends bike I am selling. I asked what he wants for it and that was his reply. But I am going to say again..... OBO. It's listed OBO. His wishes.He's a good fellow, and is just looking at attempting to get back what he put into it.Then you should find the nearest clue-by-four and hit him with it. The man is batshit insane, OBO or no OBO. Quote Link to comment Share on other sites More sharing options...
Mandova Posted July 14, 2011 Author Report Share Posted July 14, 2011 Then you should find the nearest clue-by-four and hit him with it. The man is batshit insane, OBO or no OBO.Im not the violent type unless provoked.... repeatedly. Quote Link to comment Share on other sites More sharing options...
Cheech Posted July 14, 2011 Report Share Posted July 14, 2011 Im not the violent type unless provoked.... repeatedly.Well then you won't mind if we continue to mock this FS offer, 'cause believe me cousin, there's a lot here to make fun of. Quote Link to comment Share on other sites More sharing options...
CBBaron Posted July 14, 2011 Report Share Posted July 14, 2011 MSRP is $4399 for a brand new 2009 (They did not make any `10 or `11s)The aftermarket stuff is not really going to add value.So basically $4399 is your upper bounds. Given that this spring Suzuki had $1000 off of this model from the factory $3400 is starting to get reasonable.It would probably move for a price under $3000. I am always amazed by some asking prices on some classified ads.Craig 1 Quote Link to comment Share on other sites More sharing options...
Mandova Posted July 14, 2011 Author Report Share Posted July 14, 2011 MSRP is $4399 for a brand new 2009 (They did not make any `10 or `11s)The aftermarket stuff is not really going to add value.So basically $4399 is your upper bounds. Given that this spring Suzuki had $1000 off of this model from the factory $3400 is starting to get reasonable.It would probably move for a price under $3000. I am always amazed by some asking prices on some classified ads.CraigThe above info is greatly appreciated and I will let him know. He just got into the bike rather quickly and now he wants a CBR600rr, so maybe I can reason him to selling it closer to the suggestion. Thanks again Craig! Quote Link to comment Share on other sites More sharing options...
Cheech Posted July 14, 2011 Report Share Posted July 14, 2011 The above info is greatly appreciated and I will let him know. He just got into the bike rather quickly and now he wants a CBR600rr, so maybe I can reason him to selling it closer to the suggestion. Thanks again Craig!Tell him if he wants maximum value out of it he's holding onto it until next March/April. The low end of that curve is fast approaching in late Sept/October, so he better make up his mind what's more important to him. Quote Link to comment Share on other sites More sharing options...
35RFTW Posted July 15, 2011 Report Share Posted July 15, 2011 Understand the dealership sells for more than what things are worth.This is a pretty unfair statement to make toward State 8 or any other dealer. A bike will sell for whatever a person is willing to pay for it. Do you go to Walmart and tell them their stuff is overpriced? Nope. I don't know the particular situation with your friend and I know that people have been taken advantage of before. That being said, let's be clear about a couple things. MSRP on a new GS500 was $5199 for 2007 and $5495 for 2009. IF he paid full retail, I imagine the total would be in the area of $6k with no money down and no back end products bought. Given he has had it for a 4-5 months, I am guessing that is what has him down to $5200 owed on it. All I see is that a dealer sold a new bike at a new bike price. How is that overpricing? If he paid more than $5200 for the bike itself, I retract my statement. Quote Link to comment Share on other sites More sharing options...
redkow97 Posted July 15, 2011 Report Share Posted July 15, 2011 I agree that "it's worth whatever someone will pay for it," but fair market value for those bikes is in the $3500 range.Profiting from a sale is one thing, and exploiting a first-time buyer is another. On the flip-side, I do think consumers should be responsible for educating themselves to avoid being ripped off, but that still doesn't make grossly over-charging someone a good business practice. Quote Link to comment Share on other sites More sharing options...
CBBaron Posted August 2, 2011 Report Share Posted August 2, 2011 This is a pretty unfair statement to make toward State 8 or any other dealer. A bike will sell for whatever a person is willing to pay for it. Do you go to Walmart and tell them their stuff is overpriced? Nope. I don't know the particular situation with your friend and I know that people have been taken advantage of before. That being said, let's be clear about a couple things. MSRP on a new GS500 was $5199 for 2007 and $5495 for 2009. IF he paid full retail, I imagine the total would be in the area of $6k with no money down and no back end products bought. Given he has had it for a 4-5 months, I am guessing that is what has him down to $5200 owed on it. All I see is that a dealer sold a new bike at a new bike price. How is that overpricing? If he paid more than $5200 for the bike itself, I retract my statement.Sorry, what GS500 are you referring to? Looking at Suzuki's website the GS500F MSRP is $4399 not $5495. <a little more research>Ahhh now I see. The original MSRP for the GS500F was $5499, Suzuki has lowered the MSRP to $4399. So even if you has a new GS500F it is worth atleast $1100 less now than it was in 2009. Just proves 2 points to me. 1) Motorcycle are not "investments"2) New vehicles are usually a really bad dealCraig Quote Link to comment Share on other sites More sharing options...
Simplysix Posted August 2, 2011 Report Share Posted August 2, 2011 People say exploiting a first time buyer, having someone pay sticker price isnt exploiting them.On the other side, if he went into buy it and they talked him into a 600rr or similar bike people would say they took advantage off him and sold him more bike than he needs as a new rider Quote Link to comment Share on other sites More sharing options...
Josh1234 Posted August 4, 2011 Report Share Posted August 4, 2011 FWIW, I was shopping for bikes last fall, and Polaris Motorsports near Solon had new GS500F's for $4,000. Anyway, I think that buying a bike from a dealer comes with other benefits than "just the bike." You get peace of mind that a bike hasn't been mistreated, a factory warranty, a place to take it to service, and a salesperson who (likely and hopefully) knows more than you do. For a first time buyer, and not a grizzled veteran rider like most of you, that's worth a lot Quote Link to comment Share on other sites More sharing options...
Mandova Posted February 2, 2012 Author Report Share Posted February 2, 2012 Sold Quote Link to comment Share on other sites More sharing options...
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