How can a new bike be cheaper than used? Weird MC buying tips
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- čas přidán 28. 07. 2024
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This information is absolutely on point. In a way, it's almost similar to what happened with autos a decade ago. The stigma of purchasing new bikes and eating depreciation is what puts people off. If you wait until the next year, you often stack incentives and get a REALLY good deal. Also be willing to travel/ trailer/ ship the bike across country
Honestly you guys are becoming one of my favorite channels. I love watching the whole experience, the research, thought process and the actually going out and buying the bike. You take transparency to another level. I will Def be buying a bike from you guys in the near future. Thank you!
I never engage in any discussion involving additional fees like freight and prep. My sole tactic has been, for years: "will you let go of the bike for $$$ out the door (OTD)?"
I tell them that they can assign whatever dollars to whatever transaction category they want from the agreed OTD purchase price of $$$. I just want to buy it for the OTD price and will not engage in any discussion involving fees and such. That's their inhouse gig; it's not mine. The only number that I am interested in is the OTD one.
This strategy has worked for me for decades.
here in the uk the dealers tell you on the road price .out the door
Good point, when they start giving you the massive spiel and talking about all those extras, etc and not just giving an outright price, it's worth going elsewhere. Last bike I bought, two dealerships just gave me a straight up best price, the third had the salesman wasting my time pretending to work out a price, which wasn't even competitive, and I'd bought two bikes there before!
I have wherever possible to set the old price as soon as I can possibly get the finished price. Even in second hand market I set price and very little movement as in this was the stated price so that is what will be the cost
Price + Tax is all i'll pay.
@@DavidD-bg7uo Hi, David. Let's start at the beginning, and the beginning is always about prep.
After you identify a bike that you want to purchase, do some research to back up your OTD price offer. Go to Kelley Blue Book (www.kbb.com/motorcycles/) and NADA (www.nadaguides.com/Motorcycles) to get their fair market values for the bike. Also check out what that bike is selling for at various sources like Craigslist and CycleTrader.com. Your OTD price offer will have extra muscle if you can back it up with the results of those searches.
As for whether you'll have an easier time getting your OTD price offer accepted if you self-finance, yes and no. If you have the funds to take the bike off their lot and inventory ASAP, that can become an incentive for them to let it go. By self-financing I mean cash and/or your own source of a pre-approved loan.
Dealerships also get a small cut from a loan that you initiate with them. Keep that in mind when it comes time to discuss how you want to pay for the bike. If you self-finance, they benefit from a quick sale. And if you finance through them, they benefit from getting a small piece of the action.
I've had the most luck when I: 1) brought a folder with me containing all of the research that I did about the bike from the sources I mention above, and; 2) told them that I will be financing the bike myself.
Hope this helps.
I bought a new “old” stock gsxr “2 years old “ one time got a heck of a deal on it and they threw in gear and everything . No dealer fees ... it worked out for me ..//
Did you finance it ?
if you was to sell that 300cbr, you would need 3k plus your 2 hour drive gas, time,, ,, I absolutely love your open honesty
Yup! I bought a new 2014 CTX700 2 years ago from a dealer in State College for $4198 out the door..my local Honda Stealer in NY wanted $6100 for the same bike..it pays to shop around..(Cycle Trader)
Holy shit this video changed everything lmao. After doing some searching online I'm seeing brand new 2017 bikes going for less than some used ones I've been looking at. Great video again, thanks guys.
Cycletrader has brand new 2018 Ninja 400s cheaper than 2018 used ones. Stuffs crazy. I'm doing my own research. Done listening to normal people who just work, eat, sleep, repeat
Yah-Will-Do-It You find your bike yet? I’m in search of a yamaha mt07. Local dealer quoted me for a 2020 $7600 OTD with warranty. Trying to find a leftover 2019.
@@StunnaDroppedYou Yeah. I ended up getting a new 2020 Ninja 400. My dad told me it's best to get new because (paraphrasing) you make the history on the bike and you know what it's been through
@@sambeezy007 You stated that the 2018 was a brand new bike, so you were still the one making the history, so why pay a premium for a 2020??
@@vijabe The 2020 was the only one in my area
That rang a bell. I wanted a Jaguar car but only had £17k. I emailed the dealer saying I want a new diesel estate but I only have £17k. Have you got one? Yes. The list was £26k and they sold it to me for £17k. It was a discontinued model, brand new loaded with every extra they offered.
You guys are awesome. I have bought a few bikes in my day and my best deals were always 2-3 yo stock, still in crates at dealerships. Apparently, the dealers have much more incentive to negotiate a killer price. I would buy a bike from you guys anytime. Thanks for sharing your insights.
2 year's ago I went to our local honda dealer. They had a new old stock honda 230L. At the time this model year was atleast four years old maybe 5. They wanted brand new price for it. I went in and talked to one of the owner's to find out for sure. As my brother had one he had brought from California and I wanted one to go riding with him. Well , that's what they wanted. Brand new price. I told him " you will never sell it for that, to anyone. Because as soon as they take it out the door it isn't worth even half of what they had just paid for it. " He didn't seem to care. Needless to say I most likely will never buy something from this dealer.
In 1989 I bought a 1982 Yamaha Seca 650 that was still in the factory crate for 7 years. Same deal, cheaper than a used equivalent on the road all that time. Mine had a full "new" bike warranty.
Love what you're doing Sean. Love your content, the words of wisdom and the funny moments that you're sharing with the world. Keep it up!!
i watched this video and forgot about it, but back in the end of july 2019 i found this to be true when i found a 2006 kawasaki vulcan 1500 f.i. classic which i bought on the spot. it was a new bike and had 1.1 miles on it when i drove it home. thanks for the tip.
Happy Birthday Sean, and greetings to the whole Bikes and Beards crew. Thanks fer takin' us along..
Love the end bits. Also kudos on the new format you have been using on your videos I like it.
What a great video! Just bought my first bike a month ago and will definitely be keeping this method for buying in mind when searching for an upgrade from my GZ250. Thanks for the video!
Its important to pay attention to how you deal with them still even if its NOS bike. I tried to buy a 2018 Triumph Bobber NOS, they had it listed at $10,099. Canadian. By the time they had all the paperwork printed for me to sign it was over $18,000.
That was actreally interesting. Great channel. Thanks from UK 🇬🇧
Great video/tips, appreciated the scripture! Cheers for a healthy and prosperous 2020!
We owned one of the first BMW shops in DFW, TX during the late 60s and early 70s. Miss those times. Keep up the good work, brother. Nice bikes.
I went to the Honda Dealer in Panama City FL and asked then if they had a VF 750 laying around from the previous year. I picked it up for 1/2 the MSRP from the previous year. They were happy to be rid of it.
Three weeks ago I bought a 2017 Honda Arfica Twin Manual. Paid 12000 canadian. Plus 700 freight and assembly. Also we have Sales tax and tire tax. All said and done walked out of the dealer at 13500. Cheaper than a used bike. Just like you guys said. It's good to shop around. Plus finance rate is cheaper on new!!
I just bought my first new bike. Ive owned 60-70 bikes in my life. bought and sold a ton. I moved from SoCal to Utah last year and was dreaming of a 2018 KTM 300xcw 6days for single track in the mountains. Findings: used market here is higher (supply) and there were very few local XCW's because its a popular local model.It was October 2018 and i had just sold my clean 05 XR650L (450r plastics and clean and about $1500 into it) for $3300 and clean 08 CRF450R for $3k (which i paid for it in 2011). So with $6300 cash i started calling large volume dealers and got ridicululous prep and doc fees (I was paying cash and offerred to take bike crated)
MSRP was $10,600 plus fees. I found dealer in Salem Oregon (no sales tax state) and paid $9k cash ($2700 net out of pocket). Dealer said they never chage prep fees and I had no doc fee because it came with MSO not title. Paid $300 to ship. Handled the title and tax in UT myself with MSO and got it plated as well. Seriously thinking about buying some 2 stroke motos in CA and reselling them in UT. Lotta folks (like my XR650l)get jammed up with bikes because if tags expire in CA buyer can wind up owing several hundred in back fees to register and UT didnt care. They grabbed the title and registered it
I was literally just looking into this during the past week. Good info but now all your subs are going to block my attempts. Thanks dudes
I don't even have a bike, and I enjoy the channel. God bless lads.
I recently picked up a new 2019 ninja 650 for way less than retail because it was last years stock. Definitely the way to go!
Keep making vids guys. Y'all are awesome. I love what y'all do!
Glad to hear Track n Trail treated you well. They have a bike I'm seriously considering as my first.
I bought a new 17 Africa Twin from Track n Trail back in September. It was listed over $3k less than anywhere else, including used with over 10k miles. After tax, fees and a 6 year warranty, it still ended up costing me way less than any other list price I could find in the entire state.
Sean - FYI - you may be already aware of this, but the 2015 CBR300R was part of a recall by Honda for crankshaft failure. Hopefully, the dealer already took care of this, but worth checking out.
All recalls have to be completed before sales registered
You're a good man. Keep up the work, love the faith brother, you're truly blessed.
Sean I bought a 1982 Honda 900F leftover in 1985 just as the 1986 models were coming out for $2400. It was selling in 1982 for $3400. I keep it for 18 years great bike .
Am i the only one who watched this whole video and left with almost no information? So there might be a dealer somewhere that may have "new-old" bikes? Call, go in or just look on their website like normal?
Hi there from the Philippines, Your heart is in the right place and I appreciate your Honesty. I have been riding a 2004 Honda 125 wave ( I bought used in 2006) the equivalent of 560 USD. I recently rebuilt the engine and bored it 50 over. I have a total of over 240,000 km on it now, bottom line it's been a great and inexpensive means of transportation. BTW most of those Km's have accumulated since I retired in 2015. Iy's a great bike in traffic around town, but sucks on a long ride I make every month (until this plandemic hit the P.I.). Thus my new project!
My new project is a 1992 Yamaha 250 Twin classic with 35,000 km, I bought for 160 USD, that I've stripped down to the bare frame, the swing arm is rusted out so I'm rebuilding it, (finding a new one here isn't going to happen). The bike was run for (I don't know How many kilometers) with no air cleaners and the R/H piston is weak. No Problem I will bore it 50 over and get it going. plus rebuild the Carbs and switch from oil bath air cleaners to Cyclone's. If you're interested I'll let you know how it runs when I complete the project.
Hi guys, im in the UK and been looking for an NC750DCT the new 1 costs 7.749pounds but i found an 17 model brand new in another Honda dealer same spec just older STOCK at 5500 pounds thats a 2500 pound saving which of course i bought and it included registration road tax AND a full tank of fuel just as it would be buying a 19 new model because Essentially thats what your doing and on the plus side in the uk it will have a 19 registration so unless your really keen and know the newer colors nobody would even know the difference, i hope you get these bikes as im only half why through the vid, keep these vids coming as i love watching you go out and pick these bikes up and your advice KILLER THANKS SCOOBS UK.
Recently discovered your channel...fantastic!! Keep up the great work. Cheers
For your next video it'd be helpful to go over what items maintenance and parts wise you should pay extra attention to on a bike that's been sitting for years.
Am I the only one who is concerned that only one of them are wearing seatbelt in that van?
Hey guys, please don't die, we love your videos and want more of them :D
That van with the bike and couch in it brings back memories. We went from NYC to VA to get a basket Harley and an original 50s speedo from a collector. Man what a weekend. Trashed. A thing the young can only do.
Sean for a print up just ask for a "purchase order" I do that when I am narrowing down my top 3 bikes/cars right before buying to confirm total out the door all fees included pricing as this lists all fees, taxes, title, and shipping. With this purchase order the dealer can't slip in any more hidden fees to jump the final price up after an agreed on price. I get this AFTER the negotiations after I asked if they would take $2K out the door less than they have listed, if they say no then I ask the same only $1.5K below, then $500 below listed price. Once we agree on the price I get a Purchase Order emailed to me to confirm the bottom line price. As I would use this price to take to my Credit Union. I also have them include my local sales tax, and title fees so ALL the bill is in my loan and no other surprise fees for later.
I've gotten a couple of screaming deals on new old stock over the years. It is definitely a real thing. Used bikes after a certain year and for certain bikes is still a better deal.
i wish i was part of something like your crew. working a job you actually like with people you like and be able to afford life and live comfortable or at least financially stable..
Lovin’ that CBR man. Very insightful video.
Been enjoying the honesty...and the grind for a few months now.
Don't fall for the fees game. As the buyer you don't care.
Just show up with a number you're willing to pay. The dealer accepts or declines that number. Maybe they make a counter offer.
Always clearly state "out the door" when talking numbers. Make it clear your number is all you're going to pay to buy the vehicle.
When you do the paperwork you will see them chop up the dollars however they like. As long as the bottom of the contract matches the number you agree to you don't care how the dealer chops up the money.
Hey what do you mean by out the door? Does that mean everything included. i.e. insurance, registration etc?
Yes, out the door price won't hide fees, and negotiate from there. Dealers buy at manufacturer auctions for leftover new bikes.
Be prepared to walk away when they STILL tack on something extra when you get ready to sign. I almost walked away from a used Hyundai over $80 they added at signing. Clearly negotiated an out the door price and they still played games. They dropped the $80 and couldn't believe I serious about walking away.
Yeah, you think that's great advice, but I work for a dealership and hear that nonsense ten times a day. It doesn't get you a better deal. We know what we're willing to sell for and if you won't pay it, your not buying
seattlegrrlie so what’s your advice?
Anyone can ask any price for anything they'd like to sell - but there's a difference between asking and getting...
Just a quick true story about "Set up" fees.
In 2005 I purchased a new (In the crate) 2005 Honda TRX450R quad (I know not a bike), from a Canadian distributor. I purchased everything I thought I needed for set-up (Brake fluid, coolant, assembly lube/grease, motor/trans oils, etc) after uncreating the quad, it needed ZERO prep, I literally put gas in it and rode.
So the quad ran right out of the create, however it was very lean from the factory, which was no surprise. After speaking with the Honda service guy, he explained to me that for a fee/$125, he would jet my quad for our altitude (4500') and that service fee was not included in normal prep/assembly (which I now knew there was no assembly required)
A $40 JD jet kit and about 40 mins of my time dialed in the jetting spot on. The dealership didn't even have the correct jets in stock if I wanted to buy them separately.
So w/that said, maybe street bikes are different, however after that experience, I'm now a little less trusting.
Hell yeah pa!!! I’m right up from Harrisburg. Love watching you guys!!
Cash deals are often bad for the dealer. They typically get a kickback on the financing. More so if the finance company is affiliated with the manufacturer itself. Think “Toyota motor credit” or “Harley Davidson Credit”. Some less than reputable dealers will sometimes “hide” a better finance rate because they might get a bigger cut from another finance company that is charging the customer a higher rate. Remember that the finance company pays the dealer immediately, just like if you paid cash, but they also get maybe 0.1% - 0.5% extra because of the finance kickback. Multiply that by hundreds or thousands of bikes (or cars) a year...
Unless it’s a full recourse dealer whereby the risk of default is put back on the dealership. Then cash price is always better because the dealer isn’t taking on the risk. Not sure how it works in powersports. But most Ag dealerships are full recourse.
Almost every dealer does this now. Sad part is. The best rate an individual can get on a purchase, is at the dealership. If these finance company's would allow us "Great Credit" buyers get pre-aproved at a decent rate outside of a dealership, I would be buying more bikes.
Yeah, the kickbacks ruined car buying, I'll be keeping my truck 20 years I hated it so much. AutoNation sucks.
Or they will actually change the finance company on you after you purchase.
^^^this^^^ on my 2019 ninja the dealership was quoting me 12% interest rate through their in house financing. I didn’t think that sounded right so I called up my credit union and they approved me at 6%
Sean, question: how do you find new, old stock? Is there a online site that collects those kinds of deals or do you just ask individual dealers if they have and "new, old stock" available?
Great question. Dealers near me don’t show any on their websites.
You are correct.2017 Moto Guzzi Griso's most seem to be on the west coast are selling for $7999 brand new...cheaper than a used one
Sean finally changed shirt! I bought a new old stock 2014 VALKYRIE last month out the door, including NC taxes, and fees for less than 10k for a 17k list price. Most used ones are listed higher than what I paid. Also it was my first new vehicle purchase ever and probably my last.
Cash doesn’t command any bargains anymore. In most cases they want you to finance.
Because they make more money. When you put a down payment and can't afford it anymore, they take it back and your down payment paid for months they lost.
@@alink5969 The "buy here / pay here lots depend on that plan.
The dealership can make more money when you finance
Anyone know the website they were on
Your right. They fudge the numbers and inflate the bike a couple grand when you finance them. Cash is better because you control the narrative not the dealership. I was quoted for my 2021 MT 10 15500 cash. The bike sells new for 12900. Finance was available I put down 2500 and finance 13500 for 5 years at 9 percent interest or a yamaha card no down payment same price 13500 at 25 percent interest. Do the math I opted to pay cash lol. This was a Ride Now dealership in Az.
SUBBED you guys are like my buddies back here in the UK i just know we would get along such good business attitude ,and that cbr300 KILLER DEAL you could break and sell the parts for more seeeeyyaa SCOOBS UK.
I had the choice of a "new" old stock Honda CB500X with full Honda pannier and top box fitted, 0 miles for a crazy low price or a new Kawasaki Ninja 300 at full price. Bike shop had stopped being a Honda dealership. Very different motorcycles. In hindsight the Honda might have been better for me as I didn't know at the time that I'd have to commute 90 miles round trip to work. Ended up commuting on a KLX250 (with road tyres) anyway. Still have the 300 for when the sun shines. Good video. There are deals out there from time to time if you keep your eyes open.
There's nothing new about a ninja 300....Either you meant to say 400 ( since it is now about one year old at most), or that bike sat up for so long it needs new coolant hoses and will need a half a can of SeaFoam xD
That is where I got my 2015 goldwing f6b at Track and Trail. Great place! Great deals, and great way to shop!
Honda just dumped a ton of CTXs, NCs, VFRs and other bikes at huge discounts they are clearing out the warehouses. I saw them hit the dealerships a month ago. Honda North America is revamping its distribution system.
CZcams is losing its mind. A 58 minute ad??!!
@@Trailerwalker Skip the video to the end and hit replay. Voila, no adds!
Um...that's impossible kid. The damn video was only 28 minutes long. What planet were you on a month ago? Say no to crack and meth. They're not good for ya. xD
Put a PiHole on your network, half the outbound traffic is blocked, it's all wasted ad junk
@@motoryzen bruh, are you new to CZcams? You know an ad can be as long as they want right? I've seen ads where it whole length movie worthy. I hit skip ad after the 5 seconds. Crack is whack crack is cheap.
Click Skip???
In the mid seventies there were quite a few Honda CB 750 NOS bikes for sale. Lotsa yellow ones. By then the CB 750 was old technology, but Honda was still making them. I was severely tempted to buy one at a steep discount. I grew up in York County, so I really enjoy your videos on the road. I've owned about fifteen motorcycles since 1974, all makes and models (but no Ducks yet). The next time I'm visiting old friends in York I'll make it a point to drive over to Lancaster county and visit you.
You guys are solid dudes keep up the good work and wishing you continued success..
I would like to know how you found the new old stock bike.
The internet chief.
Wow, that CBR is gonna make a great give away for your CZcams viewers. Thanks
Yeah that’s a great idea!
Copying Yammie Noobs 😂😂
your videos are interesting and informative, always fun to watch!
Tks for all your videos. Your on the right path.
I bought the 2014 Valkyrie zero miles old stock for 8800 OTD. Sticker is 18000
I've been so tempted to pick up one. Great price!
I want to have the new old stock cbr 300.we just don't see them in great Britain please let me know what you want for it
We already sold it
A lot of the dealers I see in my area will sometimes have these old new stock but they always have disclaimers for freight and setup that adds a chunk back on...
The end was hilarious. Thanks, Sean
Why aren't you wearing your seatbelt??
I just purchased a 2017 fireblade with 1 mile for $5,500 less than MSRP
Little different, but I just bought a 2019 ninja 400 for $3700 msrp is $5500
I love tnt I picked up my recent bike from them at their new location in spring mills. The guys their are great and make it so easy.
Great tips. Using the info you shared, I am purchasing a new 2018 Bonneville at a ridiculously low price. Zero miles- I’ll be the first to ride it!!
In Germany it’s required by law to state the price including fees and tax. Only if you want to get it shipped door to door you can expect additional costs for freight. You can choose the dealer or a free service to ship to you
how do you go about finding new old stock?
I was wondering the same!
typically online auto sales sites let you pick the year and if you want to see new/old, so if you pick "new" and "2015" if it is listed with the correct information that would do it
Thanks for the great videos and weekly scripture guys. May God bless you and keep you.
Awesome channel guys! Loved it
I hear that this is a good beginner bike 🤔
Happy belated birthday. Where do I send an invoice for 22:03 minutes of my time?
Oh might as well say happy birthday for 2021 as its obviously coming soon Sean, have a good one and keep safe and making the cool videos so your channel keeps growing like it is. Let's get the 750,000 subscription by the actual day.
your doing videos like this because your a good man, and in doing videos like this simply gains our trust in you even more. At least that's the way I see it
just yesterday i paid $5,700 for a 2017 Honda CBR 600RR with one mile on it. I traded in my old bike too. It was beat up 2016 CB500F.
This dude speaks the truth
How do you even find a deal like that?
Merc they gave me 3300 for my old bike. Dropping the 9000 price tag dramatically. I guess not many people are looking for 600cc sport bikes these days. That’s cool... I was
Ok, 9000 sounds much more reasonable. I didn't know you included your trade. I thought you were saying 5700 plus trade
The Problem is that Son's of Anarchy killed off the Dyna in Harley Davidson's eyes. But now all of a sudden it's like Oh man I gotta have a Dyna and one with no miles on it!!!!
Wtf are you talking about? None of that makes sense.
@@VeritasEtAequitas it really doesn't make sense lmfao
lmao. Love the end. I have much respect for you. keep Living good. It's infectious.
Love your videos getting a lot of information Awesome! You have a great sense of humor love it!
I saved 8k on my Indian Cheiftan
Auto Barry I saved 20 grand - I didn’t buy one.
Awww, now I feel bad for not leaving a nasty message. Maybe next time......
Love your videos and your business model, Keep it up!
Thanks Sean for being so funny and honest with all your videos. My brother in law is getting ready to purchase a motorcycle it will be his first bike that hes ever owned. I like you are extremely Harley bias, so how do I go about giving him advice about purchasing his first motorcycle?
I've been looking around doing some research for when/if I buy my first bike, and I'm noticing that used bikes (2-4yrs old) are expensive (not enough difference to sway me from buying new)
I'm really surprised at the asking price for used bikes. New purchase, for me, offers great flexibility due to having small monthly payments, warranty, etc.
Used when priced high is way too risky, even with low mileage. The prev owner could have driven the bag out of it
Well said. I've been finding out the same thing.
Appreciate the Bible verse of the day and the other information!
Was looking at a 5 year old Kawasaki Z650 for AUD $6800.
Ended up buying a brand new 2020 CFMoto 650nk for $7000 with 3year warranty and 12 months registration.
The bike is pretty darn good.
👍👍👍
I've hardly started this video and I'm already glued to it. I've been poking around listings online, and it seems there are bikes here more than ten years old with asking prices close to the price of brand new, which makes me almost not even see the point of looking at something used when I could spend just a little more on brand new from the factory. Like a Suzuki I was looking at, a 2007 and the seller is asking $2000 less than its brand new price off the showroom floor.
I'll give you $3,000 for the bike.
Come and get it. Contact us at Srk cycles.com
Thank you!!! You guys are the best!!!
Great, insightful video @Bikes and Beards!
The Birthday wishes? YIKES! (lol)
I bought a 2013 Honda F6b in October 2015. I got it for $12,999 which was considerably less than most of the used F6b's on the market. I flew from Florida to Lancaster, PA to buy it and rode it back to Florida. I rode the bike for over a year and sold it for $500 more than the sticker I paid ($13,500). You can still find 2015 VFR 800's for very cheap today as we speak for this same reason somewhere in the $8k range when new they stickered at $12k. They are more used because most people don't hold the title and have a loan to pay off.
Looks like y'all got a great deal. I've seen some interesting NOS deals, every once in a while one pops up that's ten years old.
thanks ive been wanting to buy a motorcycle for years but always out of price range or just to expensive for what i see and don't want. great info
All I can say is happy belated birthday and I love your show. I love bikes and rock a beard lol. I'm also a christen and I love how you always spread the good Lords love and kindness through your show. Love you, Craig, Kaleb and the untire crew. God bless you brother and keep up the good work. Love from the ole hillbilly, Peace!
I really enjoyed this video. Thanks guys.