Where Is The Used Motorcycle Market? I Can't Find It

I always felt foolish for not taking cheap credit on anything we buy. Currently we are in a very fortunate situation that we have zero consumer debt, and the only thing we owe any money on is the house.

I usually pump in a lot of additional cash towards the mortgage, and some for investing...but right now I've slowed both down simply for cash flow purposes. Tomorrow could be the day I get the call stating I'm not needed for the next 6-12 months so 'thanks for your service and goodbye' is always a possibility.

I've always lived my life like I should be prepared to lose my job tomorrow. I know guys who's whole motto is 'savings? wtf for? making money is for spending not saving' and I could never get behind that mindset.

Having said that, super tempted to pick up a bike/toy car right now...but might wait a bit longer to see prices go down (hopefully). ****** time to buy a bike as warmer weather is coming, and I'd like to assume most of the bikes I'm looking at are lien free so less hassle.
 
Pegassus said:
Yeah, and isn't it wonderful that some sellers want us to pay near-new prices for their junk because it "holds sentimental" value to them? If there are any sellers reading this thread, get this through your heads, nobody cares if that old bike of yours was the one you met your wife with or the one your father bought you before he died, I don't care what emotional strings you attach to it, I'm going to pay you used market rates and I will apply depreciation to the fullest extent.



Well BIG changes are coming. Heard on the radio today that 1 out of 4 restaurants that are currently closed have shut their doors forvever, 1 more month of quarentine and 40% will close their doors forevber and say goodbye to discount airliners, they have filed for bankruptcy, only the bigger dogs will survive such as American Airlines and Lufthansa. You will not find an airline ticket to Cuba for $600 for at least 2 years after all this is over. Try double of that.

There are dozens of huge cargo ships off the California coast full of new cars and oil that are not moving, they have been there for the last 3 weeks. I assume the same goes for motorcycles. Yet the Kijiji seller wants $5,000 for his 2002 R6 LOL



Same with my company, we are as busy as ever, and as of me I have never had a fatter bank account than I do right now. Reason? I'm working more hours now. I don't spend the $70 a week I used to spend on restaurants every weekend, I don't spend the $120 a week I used to spend on fuel, I don't spend the money for my kids' entertainment, I don't do BBQ's, I cannot buy electronics, I don't take road trips to the USA anymore, and didn't take my yearly vacation down south in the Spring to the tropics (just right there is a $4,000 savings).

This is the reason of this thread, I have thousands $$$ to spend on a new toy. I called an airliner to reserve tickets for 4 people for December and a recorded message says they don't know when they will start booking or open up so my trip cannot be even booked, another $5,000 savings.
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ahh, poor baby...lol
 
Pegassus said:
Yeah, and isn't it wonderful that some sellers want us to pay near-new prices for their junk because it "holds sentimental" value to them? If there are any sellers reading this thread, get this through your heads, nobody cares if that old bike of yours was the one you met your wife with or the one your father bought you before he died, I don't care what emotional strings you attach to it, I'm going to pay you used market rates and I will apply depreciation to the fullest extent.
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And to the buyers - if you don't want to pay the price listed... MOVE ON. Stop trying to convince someone selling that their asking price isn't reasonable... if you don't think it is, buy new or find another listing!
 
Saving is critical if you want your last 15 years comfortable. A retirement home will burn up $600,000.CPP and OAS won't cover that.
Not many people would want to spend their final years in a province run facility. Four elderly men to a room in diapers. Yikes.
 
Wingboy said:
Saving is critical if you want your last 15 years comfortable. A retirement home will burn up $600,000.CPP and OAS won't cover that.
Not many people would want to spend their final years in a province run facility. Four elderly men to a room in diapers. Yikes.
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Its weird for me personally, because certain cultures(including my'n) the concept of retirement homes/nursing homes/ltc is foreign


Our elderly live with us at home, because family
My grandma lived with us till the end, she was 90+
Kids/grandkids look after you, and you want for nothing, no bills or headaches etc

But im basically canadian so no Idea what boat i'll be in
 
Most municipal nursing homes are actually the good ones when compared to many of the old for-profit ones.

My dad was in Hillsdale in Oshawa. A nice semi-private room where the only thing shared was the bathroom. No wards at all. It's municipal owned.

Only the older homes, many of which are for-profit still have the ward style setups where you're only separated by a curtain and there can be up to 4 in a room for ward, and 2 in a room (again, separated only by a curtain) for "semi private". Very few private rooms available if any at these types of facilities. My wifes grandmother was in the now infamous Bobcaygeon nursing home up until a year ago and had a semi - she's now in Port Perry and has a private.

Reality is after Covid and the realities of how infection control is virtually impossible in rooms where a curtain is the only thing separating people (and the sick, from the healthy) the ward layouts will almost certainly be outlawed, and I wouldn't be surprised to see existing homes receive a sunset deadline by which they need to renovate them out of existence.
 
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Wingboy said:
Saving is critical if you want your last 15 years comfortable. A retirement home will burn up $600,000.CPP and OAS won't cover that.
Not many people would want to spend their final years in a province run facility. Four elderly men to a room in diapers. Yikes.
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Currently building our house in the country with nothing but trees/fields surrounding us (protected). Wife and I both said if we can't care for ourselves in old age smother us with a pillow and bury us in the forrest :)
 
mimico_polak said:
I always felt foolish for not taking cheap credit on anything we buy. Currently we are in a very fortunate situation that we have zero consumer debt, and the only thing we owe any money on is the house.
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I couldn’t agree more! The only debt we have is a mortgage, which will be finished off in a few years, and I wouldn’t want it any other way right now!
My Dad was horrible with money! (Well, just horrible) His stupidity inspired me to be good with money, keep money tucked away for a rainy day, don’t finance, and don’t buy more than you can afford. It has served me well over the years and right now we’re in a pretty good position.
 
Hardwrkr13 said:
Currently building our house in the country with nothing but trees/fields surrounding us (protected). Wife and I both said if we can't care for ourselves in old age smother us with a pillow and bury us in the forrest :)
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I plan on riding off a cliff in a gsxr at 75 screaming like ric flair.
 
Out on the road today. Looks like most everybody is back to work, except the restaurants. Also, I notice that the dealers on Kijiji are actually selling product and they aren't coming off list price much, so it doesn't look like there's going to be a sellers market at all. What you can do is look forward to bikes that are much more expensive next year as our dollar plummets into the toilet because of all the debt we're in. Be prepared to pay 15% more for everything.
 
Roadghost said:
Out on the road today. Looks like most everybody is back to work, except the restaurants. Also, I notice that the dealers on Kijiji are actually selling product and they aren't coming off list price much, so it doesn't look like there's going to be a sellers market at all. What you can do is look forward to bikes that are much more expensive next year as our dollar plummets into the toilet because of all the debt we're in. Be prepared to pay 15% more for everything.
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Don’t know about that....
I just got a pretty good deal on an almost new bike from a dealer. Got them down more than $1,000 from where we started.
 
Katatonic said:
Don’t know about that....
I just got a pretty good deal on an almost new bike from a dealer. Got them down more than $1,000 from where we started.
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pics?
 
bigpoppa said:
pics?
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bigpoppa said:
I plan on riding off a cliff in a gsxr at 75 screaming like ric flair.
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Sounds like a great plan...but with my luck I'd be that one in a million guy who survives the trip and ends up in the nursing home anyways, but completely invalid, crapping my pants, and on a feeding tube.
 
Trials said:
Street legal or dirt only, makes huge difference
The street ones it's because they are awesome fun at legal speeds.
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Dirt only - motocross bikes and entry level trail bikes are what I've been watching. I ended up getting frustrated and bought a new non current mx bike for a great deal.

But again just today missed out on another little trail bike that was posted for 30 minutes before it sold! Reasonably priced ones are getting scooped faster than I've ever seen and for higher than normal value. I think I'm just going to go new on this one too to save the trouble. First new bikes I've ever lol
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