matthew.latham Posted April 28, 2016 Posted April 28, 2016 Well it looks like I was charged well over the odds for my bike! I came to try and sell it and I was expecting to take a bit of a loss maybe £1000 after having owned the bike for about 9 months but no! In fact the value of it is less than half of what I paid for it, £2200 so I would be losing £2600 in 9 months for a bike that was second hand when I bought it! Looks like I will just have to keep it now. Sent from my D6503 using Tapatalk
slice Posted April 28, 2016 Posted April 28, 2016 Sorry to hear that, but did you buy it from a dealer? they always make a profit on the bikes they sell and it's usually well over the odds from a private sale. I would suggest that you try to trade the bike in as that way you will get the best price. I always compare the price of a bike when I'm going to buy, the difference between a trade deal and a private deal can be enormous, if your bike goes wrong then a trade deal is best as you have a guarantee but the money you save on a private deal usually outweighs the cost of fixing a rough bike. Still when you think about it your XJ6 is still a nice bike it's not like you have been left with a rubbish machine is it! 1
matthew.latham Posted April 30, 2016 Author Posted April 30, 2016 Oh no its a great bike don't get me wrong I love it well the little riding I have been able to do! Yes I got it from a dealer and I did expect to loose money on it it was just the amount of money it has dropped in such a short period of time. Sent from my D6503 using Tapatalk
pilninggas Posted April 30, 2016 Posted April 30, 2016 Whilst it is a pain, there are a few factors in the mix: (1) There are many, many used XJ6s for sale, lots low mileage and in good condition. (2) The dealer will have added a margin when you bought it (to make a profit), when you want to trade back in they pretty much subtract the same margin (to ensure they once more make a decent profit). The XJ6 is a brilliant bike, but like many midsize bikes (ER6, GSX650F, SV650 etc) the fact that they are often cheap to buy, only kept for a short time can make depreciation much greater than most other bikes (lots of bikes are assets and lose no value or tend to gain it after a few years).
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