Selling Frenzy | Page 2 | GTAMotorcycle.com

Selling Frenzy

Yes I do have my HD with Johnson. I got an alumi group rate from my school through them. 🤷‍♂️
Hmm very interesting, I guess more games in the industry just f'n over consumers.

Just goes to show, everyone needs to inquire on their own instead of listening to all the noise. Not just for rates, but also for eligibility.
 
If they tell me they can't ride cuz their insurance coverage was removed I am in a better position to negotiate the price.
Not really...they'll just wait for the next person who doesn't ask silly questions about insurance.

Not only that...who's to say they're not lying?

Recently went to look at a Ducati 821...I asked questions that the guy said no one else asked, and looked at things that others missed. The next day he asked me to let him know what I found with the bike as he saw it, liked it, bought it, and now selling it for whatever reason.

Unfortunately I'm quite picky, so I'm yet to have a motorcycle :(
 
I bought my first bike because the insurance was a quarter of what a car would cost. Back then it was simple liability.

Now with company buy outs and underwriters with their shorts in a knot, insurance can be financial Russian roulette.

Will the insurer honour their quotes, will that change on renewal, will more ride dirty?

Insurance will always be available but will that be facility rates?
 
A test ride or demonstration would be in their driveway or dirty.
Went to see an XSR700 yesterday. Guy doesn’t have insurance on it. He rode there to the plaza dirty but that’s a him problem not a me problem.

Rode it around the parking lot for me to hear the gears go up and down, which was tough when the landscaping crew was mowing the lawn at the exact same time…coincidence?!
 
I think their rules have changed and it's now blacklisted.
Seems every year another insurance company is black listing it. Probably be a museum piece in a few years.
 
Tell people to stop crashing them.
Id actually like to know what the percentage would be of Busa owners crashing. I personally don't know anyone personally that has completely written theirs off before. I would think the Harley crowd would be a larger margin just based off of sheer numbers.
 
Id actually like to know what the percentage would be of Busa owners crashing. I personally don't know anyone personally that has completely written theirs off before. I would think the Harley crowd would be a larger margin just based off of sheer numbers.
I sometimes wonder if underwriters use statistics or gut feelings. Busa vs HD is high power to weight ratio where HD is high weight to power ratio.

That said State Farm turned down my 1500 Goldwing because it had a big engine. They would have insured me on a 600 sport bike. Risk factor??
 
Now that I’m looking closer at FBMP and Kijiji….OP is right. A LOT of bikes are showing up with reduced pricing, and FB keeps the old price so you can compare.

Lots of bikes down $500-2000 from their previous selling price.
You are getting to the time of year when people who wanted to ride are rethinking the decision. Most of us have seen this before - I think it happened a lot more during the pandemic.

I wanna bike! Rider buys their first bike, gets M2, and rides a few thousand KM. Next season comes along, ...bike sits in the garage... heavy monthly ins and payments flying out the door... spouse starting to complain...too busy or no longer interested.

Kijiji.
 
You are getting to the time of year when people who wanted to ride are rethinking the decision. Most of us have seen this before - I think it happened a lot more during the pandemic.

I wanna bike! Rider buys their first bike, gets M2, and rides a few thousand KM. Next season comes along, ...bike sits in the garage... heavy monthly ins and payments flying out the door... spouse starting to complain...too busy or no longer interested.

Kijiji.
Agreed. Lots out there, but people are holding their price steady. Barely any discounts to be had from their listed price, and to me it's not worth THAT price...but that's why I don't have a bike yet.

Anyway back to OP. No further derail by me.
 
Id actually like to know what the percentage would be of Busa owners crashing. I personally don't know anyone personally that has completely written theirs off before. I would think the Harley crowd would be a larger margin just based off of sheer numbers.
Insurers don't actually track motorcycle accidents by category, make and model. Nor do they track riders based on MC claims -- your age and experience discounts are based on ins company's automobile claims. Kinda dumb -- 50+ are the lowest claims group for cars, but the highest for motorcycles. Kinda silly that the group with the highest claims gets the cheapest insurance.

They classify bikes into groups arbitrarily based on category and displacement. They do track thefts by make so if you have a bike that interests thieves or is prone to comp claims (which includes all Harleys) your collision and comp will be high.
 
Agreed. Lots out there, but people are holding their price steady. Barely any discounts to be had from their listed price, and to me it's not worth THAT price...but that's why I don't have a bike yet.

Anyway back to OP. No further derail by me.
There is a price relationship based on supply and demand, and another based on days on the market for unsold inventory.

Price corrections in the down direction don't happen quickly because sellers are willing to hold to get their price. At some point, sellers start cutting prices and the market price starts to correct. My guess is you will see this first with dealers inventory, then shortly after witn private sellers. As we get later into the riding season, demand drops - supply increases and prices usually fall.

The last few toys I bought at substantial discounts over the initial listing price. I leave a polite lowball offer then wait.

"Hey, I like your bike but I have a budget and my upper limit is $5000. I know you're looking for more and I hope you get your price, but keep this offer in your back pocket, Ill honor it till the end of July . Thanks."

I bought a couple of toys this year using that approach, and being patient. Paid about 1/2 the initial asking price, and what I figure was FMV for both.
 
Good plan thanks @Mad Mike. I’ll try that on a few that refused to respond to my offer (obviously low ball to them).

Wonder if that strategy works with dealers also as Peninsula has a nice bike I’m interested in. Anyone got a good connection there?
 
Good plan thanks @Mad Mike. I’ll try that on a few that refused to respond to my offer (obviously low ball to them).

Wonder if that strategy works with dealers also as Peninsula has a nice bike I’m interested in. Anyone got a good connection there?
I think it may work with dealers - but you need to be patient. A few years back, a fellow rider had his eye on a 1 year old Shadow, his budget was $2K under the listed price, they countered initially with $500 off. Late in the season they gave him the bike for his price, that was $2K under what they had it listed for.

I tried to pick up a bike school DT50LC from Cycle World last year. It was listed at $2K, I offered FMV $1200. They said no and held for months before selling it. I'm guessing they got more than my offer, so it failed me that time..
 
I think it may work with dealers - but you need to be patient. A few years back, a fellow rider had his eye on a 1 year old Shadow, his budget was $2K under the listed price, they countered initially with $500 off. Late in the season they gave him the bike for his price, that was $2K under what they had it listed for.

I tried to pick up a bike school DT50LC from Cycle World last year. It was listed at $2K, I offered FMV $1200. They said no and held for months before selling it. I'm guessing they got more than my offer, so it failed me that time..
Thanks. I'll see what I can get done with Peninsula this week.
 
Good plan thanks @Mad Mike. I’ll try that on a few that refused to respond to my offer (obviously low ball to them).

Wonder if that strategy works with dealers also as Peninsula has a nice bike I’m interested in. Anyone got a good connection there?
Ask for Anthony, the sales manager. Took care of me
 

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