I want to buy a supersport bike come this spring and I had a dilemna:
Should I buy a bike a few years old that's been broken in and had all the initial servicing done?
or
Is the used bike not worth it because the original owner has been revving the piss out of it since the day he got it, meaning a new bike is the way to go..?
I'm so depressed during winter I have nothing but meaningless questions to ponder.
Buy new trust me!
I will never buy a new bike when you lose 20 percent right off the lot. If you know nothing about motorcycle mechanics and aren't bothered to learn, buy new and bring lots of money.
I've bought new and used, i'll never buy used again, specially considering the type of liers in GTA, everyone is a leing selfish crook. The same person who lies and makes stories up to sell it for a profit, the same person who then low balls the hell out of people to get something used.
At least with a dealer or shop i can sue them or get them in trouble if they act up. And from experience, the chances of you getting a bad bike or car from a dealership if you have done your work properly before buying in zero, like testing the bike out, looking it over and over asking questions about why is it this like that and this, you'll get an amazing machine.
This psycology of loosing 20% is CHEAP! of the typical Torontonian, its the same people who see the glass half empty.
You have to spend money to make money....and loosing 20% where did you get that number from? i see 2002 gsxr 600's selling for $5000 grand on kijiji..lol seems like the value actually increases every year.lol
Also the "unofficial" 20% depreciation you claim... is for CARS not for motorcycles and "TOYs"
the depreciation is over the first year of the vehicle based on the condition of the owners treatment of the vehicle and its maintainance.. not based on as soon as you take it off the lot.
The price depreciation when you BUY the vehicle is the difference between what you paid the dealer for your car and what the MSRP of the car is...so this myth about the instant depreciation is not the value of the car or bike, ITS THE AMOUNT YOU PAID ON TOP OF THE MSRP!!!! its the profit you paid to the dealer!!! they will give you the value of the bike back, not the EXTRA money "profit" their asking price you also paid for, you agreed to pay their asking price.
for example the MSRP is for honda cbr600rr 2014 $10,999 and dealer A has it for $12,999 and dealer B has it for $13,999. one guy buys it for $12,999 and the other $13,999 they both will only get $10,999 for their bikes sold on kijiji or back to the dealer, because the extra money on top you paid willing as profit or ASKING PRICE to the dealer...which you could have negotiated! is the price that cannot be had back as soon as you sing that paper, which probably says as soon as its off the lot the deal is done.
The car and bikes NEVER loose value off the lot.
This myth of instant value loss is the same one like when people think after 3 years their driving record goes clean.lol it dosent ever!