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Low resale value
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holy666diver Offline
Running Like a Top

Murrieta, Ca
Posts: 261
Joined: Aug 2014
Post: #1
Low resale value
My family is growing and we have a need to get a larger vehicle. I have been thinking of selling the CB but the used price-tags I have been seeing are ridiculously low. I have even seen brand new cbs going for $5999!! I paid $9500 for mine and still owe 4k on it. I can't justify letting it go for less than $6500. Has anyone had luck with trade ins? Part of me wants to keep this bike but we are having trouble fitting two car seats in a civic and can use the money for an SUV.
(This post was last modified: 04-03-2018 10:28 AM by holy666diver.)
04-03-2018 10:28 AM
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LongRanger Offline
Been There

Evergreen, CO
Posts: 4,220
Joined: Aug 2015
Post: #2
RE: Low resale value
$4000-$5000 for a used '13 or '14 is about current retail in my area. Add $500-$1000 if it's a '14 DLX. Trade-in values are lower. Keep in mind the CB wasn't a strong seller when new (witness the leftover '14's still available), so expecting a firm price on a used one could be challenging.

Ride more. Worry less. Tongue
‘12 BMW R1200R Classic
'15 BMW R1200RT
04-03-2018 11:14 AM
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el duque Offline
1st Service Completed

Seattle
Posts: 140
Joined: Oct 2016
Post: #3
RE: Low resale value
If it has low miles you are in a better position. the fact that you need to sell and owe $ - weaker position.

You can wait and try and get more but.... lots of bike will be going on the market..spring is upon us.

my experience....cause hindsight is 20/20....take your inevitable loss and move on.

Then next time ....pay cash.

all that said...you should get $6500.
just need to have the prson looking see your add.
it aint easy.

just when you think all is list you will have 3 people interested at the same time

[font=Tahoma][color=#0000CD]It is what it is.[/color][/font]

2014 DLX[align=left][/align]
1978 naked GL 1000 (goldwing)
(This post was last modified: 04-03-2018 01:52 PM by el duque.)
04-03-2018 01:48 PM
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4 Paws Offline
High Mileage

MM 199 on BRP (Fancy Gap VA)
Posts: 1,154
Joined: Jun 2015
Post: #4
RE: Low resale value
Yep, bikes are hard to sell at any price. Not much demand for them. Local BMW dealer sat on a used one for a year before moving it.
Try your local Honda shop, they might sell on consignment.

You won’t make a profit.

Best thing I learned from my dog: “Never pass up the opportunity to go for a joy ride". Dan D.
04-03-2018 01:54 PM
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holy666diver Offline
Running Like a Top

Murrieta, Ca
Posts: 261
Joined: Aug 2014
Post: #5
RE: Low resale value
(04-03-2018 01:48 PM)el duque Wrote:  If it has low miles you are in a better position. the fact that you need to sell and owe $ - weaker position.

You can wait and try and get more but.... lots of bike will be going on the market..spring is upon us.

my experience....cause hindsight is 20/20....take your inevitable loss and move on.

Then next time ....pay cash.

all that said...you should get $6500.
just need to have the prson looking see your add.
it aint easy.

just when you think all is list you will have 3 people interested at the same time

I had used bikes that had endless issues so i though buying the cb new would give me piece of mind but did not have 10k cash to buy so i financed.
04-03-2018 01:57 PM
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reinie Offline
Break-In Period

Fostoria, Ohio USA
Posts: 27
Joined: Oct 2017
Post: #6
RE: Low resale value
I've had eighteen motorcycles in 48 years and only made money on one of them and it was totaled. The insurance gave me more than I paid for it. Other than that I broke even on one once and lost money on the remaining ones. I'm still riding number eighteen yet and fully expect to take a loss on it when the time comes. Good luck!!
04-03-2018 03:54 PM
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el duque Offline
1st Service Completed

Seattle
Posts: 140
Joined: Oct 2016
Post: #7
RE: Low resale value
Yep. been there done that. You aren't the only one.

You might chk around - some used car lots will take bikes (probably newer like yours) in trade for cars / suvs.

you should chk out the nada and blue book values as a bench mark. The Colorado market seems way low.

Southern Califa? Should be a lot of old farts that want to re-live old times on their CB1100.

Good Luck.

I was looking for a Triumph specifically cause I know the resale value is good. Bad part there weren't that many to be had and I didn't want to buy new.

I know my CB11 isn't going to be easy to sell either.

I hear ya on the used bike situation....

[font=Tahoma][color=#0000CD]It is what it is.[/color][/font]

2014 DLX[align=left][/align]
1978 naked GL 1000 (goldwing)
04-03-2018 03:58 PM
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obleo Offline
Running Like a Top

Bartlett Tennessee
Posts: 457
Joined: Aug 2013
Post: #8
RE: Low resale value
If you needed to finance it , should have waited and saved enough to pay cash. Don't let the borrower be a slave to the lender. Don't ask how I know that quote?
04-03-2018 04:35 PM
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Houtman Offline
Been There

NC USA
Posts: 4,481
Joined: May 2013
Post: #9
RE: Low resale value
I only pay cash for a motorcycle , never finance a hobby !
04-03-2018 05:04 PM
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PowerDubs Offline
Road Warrior

NWNJ
Posts: 2,858
Joined: Jul 2016
Post: #10
RE: Low resale value
I had the cash for my CB, but I told the dealer if he wanted to sell it I wanted to use my CC.

So they did, I paid the car off a few days later once it posted and happily took the points.

Smile

104whp / 75wtq ... for now.
04-03-2018 05:37 PM
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