There Is Hope In Kijiji Motorcycle Buying After All

[JZ67]

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It should be $8,000, not more than $10,000. First of all ANY vehicle that drives off the lot of a dealership loses 35% of it's value immediately, so if this bike is worth $30,000 new then it was worth $20,000 as soon as she was taken off the lot. Add another 8% devaluation per year, in 6 years that's another 48%, so in essence this thing should be worth less than a third of the price, exactly $8,000 like I suggested.

The fact that it was your first bike or that you loved it means crap to me, I will pay you market value for it, I don't give a crap about your sentimental attachment. I paid $2,900 for the bike I have now and it was worth $10,000 just a couple of years ago and yeah, it's in mint condition.

Definitely not this. Pegassus you really need learn to be silent when you know **** about something. This obviously being one of the many things that escapes you. Silence is the only suitable substitute for brains.

Your ZX7 was worth $10,000 2 years ago????? WOW.

You can pull numbers from you rear all you want but please do the math right. Losing 8% every year doesn't mean losing 48% over 6 years. Going by that logic, I am surprised you and your buddy actually paid money for bikes waaaay older than 8 years.

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Even IF your numbers were right... If something devalues 8% per year, that doesn't mean 8% x 6 years = 48% of the original cost. That means 8% of the value per year, so for the first year $30,000 depreciated 8% is $27,600, the next year would be $25,392 ... etc etc... Until the 6 year it would still be worth almost $20,000.

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Prediction - your logic will be completely lost on the OP.

Definitely this!

 

[Afgunz]

There's such thing as a 1987 honda raiden? never heard that before...

 

[Afgunz]

To find the depreciation per year just use this, A=C(1-i)^n

Where A is the amount worth after n years. So 8 percent per year at a starting price of 30000 lets say, would be worth A=(30000)( 1-0.08 )^6 = $18191

So the bike would be worth about $18191 if it's original price was $30000 and it was depreciating by an amount of 8 % per year.

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