Won't hurt. 2 months or so left in the season for some give or take. I'd maybe hold off for another month or so. Are we talking about a ninja 250? Some people might want to get ride of their bike before putting them away....
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Lowball offers?
- Thread starter Onagoth
- Start date
Won't hurt. 2 months or so left in the season for some give or take. I'd maybe hold off for another month or so. Are we talking about a ninja 250? Some people might want to get ride of their bike before putting them away....
+1. I'll take my used bikes bone stock please; better chance of them actually running properly.
I hate any offer that comes by e-mail when they haven't even looked at the item. 99% of the time they are tire kickers. I like to entertain an low ball offer, just forget to actually show up for the transaction. Waste my time, and I'll waste yours.
Amen. I post a reasonable price and negotiations are done after the buyer sees the bike.
flameboy182
Well-known member
I'm still in the market for my first motorcycle. As a buyer, I'll only make an offer on a bike I'm serious about. I'll make sure the offer is fair and reasonable considering the condition, the mileage, and how much of the bike is stock. I won't throw hail mary's and ask for something ridiculous like 50% off. Ideally I would like to check it out in person before making an offer, but in practice it never works out that way since the seller might really be dead set on a firm asking price, thus wasting a lot of time and effort to meet up in the first place.
It's really hit and miss.
It's really hit and miss.
EX500R2001
Well-known member
Here's the example. The guy asks CAD 8,700 for his 2008 Triumph Daytona 675 SE (http://www.gtamotorcycle.com/vbforum/showthread.php?144229-FS-2008-Triumph-Daytona-675-SE).
KBB price: Dealer's retail - US$ 6,565 Traide-in - US$ 4,525
NADA price: Dealer's retail - US$ 6,070 Traide-in - US$ 4,615
So, the private sale price should be an arithmetical mean of these prices - US$ 5,444 ~ CAD 5,400. If I was interested in this bike, I'd add 5% to this price (~ CAD 5,650 , just because it's Canada
) and that would be the ABSOLUTE maximum the bike worths considering it's really in MINT condition.
Do you think it's a lowball offer?
KBB price: Dealer's retail - US$ 6,565 Traide-in - US$ 4,525
NADA price: Dealer's retail - US$ 6,070 Traide-in - US$ 4,615
So, the private sale price should be an arithmetical mean of these prices - US$ 5,444 ~ CAD 5,400. If I was interested in this bike, I'd add 5% to this price (~ CAD 5,650 , just because it's Canada
) and that would be the ABSOLUTE maximum the bike worths considering it's really in MINT condition.Do you think it's a lowball offer?
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Here's the example. The guy asks CAD 8,700 for his 2008 Triumph Daytona 675 SE (http://www.gtamotorcycle.com/vbforum/showthread.php?144229-FS-2008-Triumph-Daytona-675-SE).
KBB price: Dealer's retail - US$ 6,565 Traide-in - US$ 4,525
NADA price: Dealer's retail - US$ 6,070 Traide-in - US$ 4,615
So, the private sale price should be an arithmetical mean of these prices - US$ 5,444 ~ CAD 5,400. If I was interested in this bike, I'd add 5% to this price (~ CAD 5,650 , just because it's Canada
Do you think it's a lowball offer?
Well, considering the well-known difference in Can -US pricing, I wouldn't rely on that for reference. Either way, even if the dude is on crack with pricing, why would he cut so much off for you? The most I ever do by email, is ask "how negotiable are you?" If you're there in person, no problem with declaring what you think it's worth, and start to walk. If he's really motivated, he'll start to haggle for you. I'm no authority on this, but I'd be pretty surprised if you could find a 675 at a dealer for 6500 up here. Could be wrong, but you never know
EDIT: Found a couple on biketrader; 7800 and 8200
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EX500R2001
Well-known member
That's why I've bought my last 2 bikes in US. Importing them was very easy and well worth saving ~$3,000 on each bike...
+1, it's criminal what the difference is up here
you didn't look that hard
what one person thinks an item is worth may be entirely off base to what another person thinks it's worth. when I was at mosport there was some one selling a pit bike for 300$, i assume it worked, it looked like it was from the 70s maybe early 80s... i considered offering $50 because that's all it was worth to me but i didn't want to have to deal with getting it home.
there's a thread going in the trash about overpriced bikes... is it lowballing to offer what the bike is actually worth?
there's a thread going in the trash about overpriced bikes... is it lowballing to offer what the bike is actually worth?
To me a lowball offer is a number significantly lower than the normal market price. For instance, a guy I know will automatically offer 20% below the asking price, regardless of how fair the price is, don't think he's bought one thing with that tactic
All things have a market value to them, especially generic bikes. That's why you'll see similar bikes, with similar mileage, and similar condition, being sold in the same market, all go for around the same price. Some people like to toss a price to the seller that is much lower than that regular price, these are also the people that will give you that offer before even seeing the bike. There are also the sellers that like to ask way too much thinking that there is some idiot out there that will buy it, these are the bikes that sit around for months. As I said, there's a regular market price that things are sold for.
Say if your average five year old japanese 600cc SS, in good condition, with 5-10k km goes for around $5500-6000 (just a number, I don't look in the sale section), that is the market value. Just because the same bike in the states goes for $3500 doesn't mean the seller in Toronto is likely to accept that price.
Regardless of your offer though, never give it by phone or e-mail without looking at the bike. Takes all credibility away from you and any chance you had of getting it at that price.
All things have a market value to them, especially generic bikes. That's why you'll see similar bikes, with similar mileage, and similar condition, being sold in the same market, all go for around the same price. Some people like to toss a price to the seller that is much lower than that regular price, these are also the people that will give you that offer before even seeing the bike. There are also the sellers that like to ask way too much thinking that there is some idiot out there that will buy it, these are the bikes that sit around for months. As I said, there's a regular market price that things are sold for.
Say if your average five year old japanese 600cc SS, in good condition, with 5-10k km goes for around $5500-6000 (just a number, I don't look in the sale section), that is the market value. Just because the same bike in the states goes for $3500 doesn't mean the seller in Toronto is likely to accept that price.
Regardless of your offer though, never give it by phone or e-mail without looking at the bike. Takes all credibility away from you and any chance you had of getting it at that price.
stormcat
Well-known member
When I was selling my EX500 and DR200 I got some ridiculous low ball offers. I had no problem telling these people to f-off. So be warned that if you make a stupidly low offer that insults the seller, chances are you will not be getting that bike. Moreover, KBB/CBB listings are not indicative of real world market value. In RL, the bike is worth more.
I'm not worried about insulting the seller, if i'm throwing a lowball like that then i can live with out it.
Hammer
Well-known member
I understand your point of not entertaining offers via e-mail...
but would you want to do a 2-3 hour drive to look at a bike if it's more then you are able to spend?
also factor in how to take the bike home? (truck, trailer, extra gas...) so you're taking a $100 gamble yourself...
then you show up and the "mint" condition "never abused" bike looks like a saigon whore with all hope driven out of her...
doesn't matter how many times you turn around, your *** is still behind you...
but would you want to do a 2-3 hour drive to look at a bike if it's more then you are able to spend?
also factor in how to take the bike home? (truck, trailer, extra gas...) so you're taking a $100 gamble yourself...
then you show up and the "mint" condition "never abused" bike looks like a saigon whore with all hope driven out of her...
doesn't matter how many times you turn around, your *** is still behind you...
The "I'm overseas right now, the price is right, I'll send money and have my agent pick it up" really bother me. It's like there is a script they all use. Then there are the trade ones, like "I'll trade an i-phone and i-pad for your bike", or even better, "I'll trade you two lizards - your choice from the following list" are the ones that get me. Finally there are the "Will you finance?". In a word, NO!
So the lowballs are just part of the game, and easily ignored. At least they define a bottom line for you. In my case, if I don't get what I have in mind I'll just hang onto the bike, and consider laoinging it to my brother or selling it to my niece in a couple of years when she gets some $$$ scraped together. If I'm going to be charitable about it, it might as well be to someone I know.
So the lowballs are just part of the game, and easily ignored. At least they define a bottom line for you. In my case, if I don't get what I have in mind I'll just hang onto the bike, and consider laoinging it to my brother or selling it to my niece in a couple of years when she gets some $$$ scraped together. If I'm going to be charitable about it, it might as well be to someone I know.
RickT
Well-known member
To me a lowball offer has everything to do with what the seller is asking and NOT what the item is worth. Rather than make an offer on what something is worth I just walk away if the item is overpriced. Usually a seller just gets pi$$ed off when they receive a lowball offer and cuts you off from further discussion (even if they realize later it was a fair price). Good to do your research and attempt to pay what something is worth, but if what you feel it is worth and what the seller is asking for it are worlds apart, just walk away.
As far as the Triumph example being used above. Not really a good example because it compares prices in one country to that in another. Yes you can go to the US and buy one but most people don't so the comparison isn't valid.
As far as the Triumph example being used above. Not really a good example because it compares prices in one country to that in another. Yes you can go to the US and buy one but most people don't so the comparison isn't valid.
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