Relax
Well-known member
Private sale. Its posted for $2,500.00 after seeing some similar bike for 3k+. Buyer asked for a discount of $2,200.00 and i sent it away for 2,350.00. New tires, chain, brakes from 2 years ago which i didn't really used it a lot due to pandemic.
$2350 would have been a fair price back when you were looking to trade it in, but as you've seen with today's crazy COVID pricing, you let it go for a steal. On the bright side, it was likely a very quick sale.
Trade-in value is always going to be a LOT less than private sale value. Dealers want to make money off it, otherwise it's not worth the effort. On the flip side, you only pay tax on the difference between the trade-in and the new bike. So that $1500 would have saved you $195 on the Triumph. Or looking at it another way, you would have had to sell the CBR privately for $1695 just to break even with trading it. So at $2350, you did well as long as you didn't spend too much on those new parts.