depreciation
#1
depreciation
So I understand the simple concept of rockets depreciating fast and not holding their value BUT in people's opinions, when is it time to sell?
Last season I boughtan 01 f4i all stock and only 4,000 miles on it-mint!! Right now it's worth 3,800 and i paid 500 more for it. From the more experienced riders in here-will the depreciation taper off a little more and the value not drop so much from year to year? just a thought
Last season I boughtan 01 f4i all stock and only 4,000 miles on it-mint!! Right now it's worth 3,800 and i paid 500 more for it. From the more experienced riders in here-will the depreciation taper off a little more and the value not drop so much from year to year? just a thought
#3
RE: depreciation
Do you get the value from kelly blue book? If so, their value assumes a lot higher miles than what you have on the bike (they assume28,300 for a 2001), therefore making it worth more than stated. Also, if any aftermarket parts on it that also increases the value. KBB does not take that into affect. And yes, decreciation will slow down from year to year, but like bored said if you enjoy it just KEEP IT!
Check the link below and then click on mileage/condition and that is where I got the info
http://www.kbb.com/kbb/OtherVehicles...mp;YearId=2001
Check the link below and then click on mileage/condition and that is where I got the info
http://www.kbb.com/kbb/OtherVehicles...mp;YearId=2001
#4
RE: depreciation
its not the time to sell anything right now
i would keep it until ur ready to upgrade to a 1k if u ever do that
or if u stay with 6's then i would just keep it til ur ready to move to an rr or another brand
i wouldnt count ongetting a very big amount of it
even if it is mint, no one is buying anything so it will be hard to get as much as kbb says
i would keep it until ur ready to upgrade to a 1k if u ever do that
or if u stay with 6's then i would just keep it til ur ready to move to an rr or another brand
i wouldnt count ongetting a very big amount of it
even if it is mint, no one is buying anything so it will be hard to get as much as kbb says
#5
#6
#7
RE: depreciation
Good point ranger. I was strictly going off of what it is worth excluding this market. KBB does take into account where you live (they ask for a zip code). Also, if gas prices go up again this summer like all the analysts are saying then that will help increase the price also.
#8
RE: depreciation
ORIGINAL: boredandstroked
Its time to sell a bike when either you don't enjoy it anymore or want a different bike more. Otherwise keep it. Value is not a consideration for me.
Its time to sell a bike when either you don't enjoy it anymore or want a different bike more. Otherwise keep it. Value is not a consideration for me.
#9
RE: depreciation
ORIGINAL: boredandstroked
Its time to sell a bike when either you don't enjoy it anymore or want a different bike more. Otherwise keep it. Value is not a consideration for me.
Its time to sell a bike when either you don't enjoy it anymore or want a different bike more. Otherwise keep it. Value is not a consideration for me.
#10
RE: depreciation
Kbb and Nada is not for bikes..... It all depends on the seller and buyer and how much homework you do before buying. I think Honda is one of the bikes that keeps its Value. Some people look on millage and buil their price around it. But when it comes to Honda thats nothing to worry about.