Unrealistic 2nd hand bike prices

[whiteo83]

Basic Economics of Demand and supply. When COE is high. Demand for 2nd hand increase.

Assuming 2nd hand bikes supply stay constant, then price of 2nd hand bike increase lor.

Depreciation is only an accounting term, assuming nothing is done to maintain and upkeep.

Sometimes have to spend $ to replace parts which then extends the useful life of the bike overall.

You pay for what you get. 一分钱一分货

[teambhp]

Basic Economics of Demand and supply. When COE is high. Demand for 2nd hand increase.

Assuming 2nd hand bikes supply stay constant, then price of 2nd hand bike increase lor.

Depreciation is only an accounting term, assuming nothing is done to maintain and upkeep.

Sometimes have to spend $ to replace parts which then extends the useful life of the bike overall.

You pay for what you get. 一分钱一分货

You can pay 10k for a 3 yrs old super 4,but if the owner bo chap type, you would be wasting money

 

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[kzone]

the asking price of many of the bikes listed here are ridiculous. That's y many are unsold for months, some for years! I'm surprised the 2nd hand bike prices in the shops are actually more reasonable!

[MR BIKER]

the asking price of many of the bikes listed here are ridiculous. That's y many are unsold for months, some for years! I'm surprised the 2nd hand bike prices in the shops are actually more reasonable!

 

"I'm surprised the 2nd hand bike prices in the shops are actually more reasonable!

 

huhhhhh!!!! now we know!!!!!

[lkm]

the asking price of many of the bikes listed here are ridiculous. That's y many are unsold for months, some for years! I'm surprised the 2nd hand bike prices in the shops are actually more reasonable!

 

Haha... Actually, those with reasonable asking price sell quickly. Then they are removed from the listings. So only those with ridiculous asking price remain on listings lor...

[whiteo83]

Haha... Actually, those with reasonable asking price sell quickly. Then they are removed from the listings. So only those with ridiculous asking price remain on listings lor...

 

true true.

[bikerpotato]

willing seller, willing buyer

[teambhp]

Up for awareness

 

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[ghost04]

its the case everytime coe rises...the demand for used bikes will go up...so owners tends to take this opportunity to sell high n upgade...if u minus off the coe the machine is stll exp...if scrap they wont get tat amt back...alot of sellers don know depreciation...esp 1 or 2 years old machines...their depreciations are the most! so somehow buy from bikeshop even cheaper than pte

 

 

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[Limsteel]

Dont expect anyone include yourself to sell your bike off at price when COE was 1dora. Not realistic.

 

Machine value depreciate, but our inflation, standard of living continue to go up. Our food, bus fare, kopitiam kopi, etc... even petrol price dont drop when oil price drops 100USD to 30USD pump price different by how much?

 

Ghost, You sure you can get cheaper bike from Shop then Private? I dont really agree with you. Shop need to profit.

 

Anyway it is very difficult to sell bike. People are generally more affluent and would rather buy a new bike even when COE is higher. Also most would go to shop, assurance that the Lemon Law is there to help when 5H1T happens.

 

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[teambhp]

its the case everytime coe rises...the demand for used bikes will go up...so owners tends to take this opportunity to sell high n upgade...if u minus off the coe the machine is stll exp...if scrap they wont get tat amt back...alot of sellers don know depreciation...esp 1 or 2 years old machines...their depreciations are the most! so somehow buy from bikeshop even cheaper than pte

 

 

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Thanks for highlight

 

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[ghost04]

Dont expect anyone include yourself to sell your bike off at price when COE was 1dora. Not realistic.

 

Machine value depreciate, but our inflation, standard of living continue to go up. Our food, bus fare, kopitiam kopi, etc... even petrol price dont drop when oil price drops 100USD to 30USD pump price different by how much?

 

Ghost, You sure you can get cheaper bike from Shop then Private? I dont really agree with you. Shop need to profit.

 

Anyway it is very difficult to sell bike. People are generally more affluent and would rather buy a new bike even when COE is higher. Also most would go to shop, assurance that the Lemon Law is there to help when 5H1T happens.

 

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yes i agree

u have to see whether seller understands depreciation anot

if not his asking price will definitely be higher than bikeshop

for buyers seeking reloan its nvr easy to buy from pte seller

even pte seller dictates reloan from which bikeshop

shop profit from the loan interest etc etc...their bike price to some extent comparable to pte seller but of course not all bike shops

 

 

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[jedi38]

A seller name Trevor advertised his 1993 Yamaha Vmax with coe 2023 for a measly sum of 6999 yesterday at another site. When I saw it this morning, I said to myself wooooooeoeooeoew. this guy must be super rich or the bike must be problem. But the bike is really in superb condition (i assume from the pictures). Trevor must have been reading this site and is trying to tell us that there are still some people who are not affected by the rising coe prices. What do you guys think?

 

Do share which website, we should go there buy .

 

Anyway, a good point of reference is look at a similar bike and how much depreciation it cost. Then there are bikes which are rare, or have accessories or unique number plates that will fall outside the usual depreciation, and depends on willing buyer and seller.

[MR BIKER]

Do share which website, we should go there buy .

 

Anyway, a good point of reference is look at a similar bike and how much depreciation it cost. Then there are bikes which are rare, or have accessories or unique number plates that will fall outside the usual depreciation, and depends on willing buyer and seller.

 

Sad to say, it was grab just as soon it was advertised. The funny thing is even though i didnt get to view it while on sale, i saw it near my work place. Scrutined it. Really a beauty

[kzone]

Haha... Actually, those with reasonable asking price sell quickly. Then they are removed from the listings. So only those with ridiculous asking price remain on listings lor...

 

Sad to say, it was grab just as soon it was advertised. The funny thing is even though i didnt get to view it while on sale, i saw it near my work place. Scrutined it. Really a beauty

 

Is $5000 a good deal for a 6-years COE left Phantom 200 (14 years old) a good deal?

 

I posted my phantom for sale n got over 20 interested parties within a day. Some even offered to pay higher than my asking price n 1 came past midnight to "secure" a next in line status in case the 1st guy backs out.

 

Initially I regretted putting such a "low asking price" that's obviously way below market price judging from the responses but as always willing seller willing buyer... and I'm a willing seller at that price having used the bike for so long.

 

Some of them shared that they have been looking for many months but all too expensive. Quite sad to hear really a lot of ppl looking for bikes being priced out of the market.

 

For those who have used their bikes long enuff and bought it when prices/COE are low, hope u can pass them on at good prices so those at the sideline have the opportunity to own a bike fairly cheaply like you did many years back.

[Lokess]

after selling need to get a new bike also. guess current prices are also stopping people from changing bike.

[reize]

I posted my phantom for sale n got over 20 interested parties within a day. Some even offered to pay higher than my asking price n 1 came past midnight to "secure" a next in line status in case the 1st guy backs out.

 

Initially I regretted putting such a "low asking price" that's obviously way below market price judging from the responses but as always willing seller willing buyer... and I'm a willing seller at that price having used the bike for so long.

 

Some of them shared that they have been looking for many months but all too expensive. Quite sad to hear really a lot of ppl looking for bikes being priced out of the market.

 

For those who have used their bikes long enuff and bought it when prices/COE are low, hope u can pass them on at good prices so those at the sideline have the opportunity to own a bike fairly cheaply like you did many years back.

 

You could always just check out what people are selling their bikes for on Carousell, or maybe ask how much mototiam is selling for the same model year bike, then you sell it maybe 5% lower than everybody else. Like that fair for both you and buyer.

[Yahmarhuh]

You could always just check out what people are selling their bikes for on Carousell, or maybe ask how much mototiam is selling for the same model year bike, then you sell it maybe 5% lower than everybody else. Like that fair for both you and buyer.

 

I'm happy he didn't do that... the asking price of most used 2B/2A bikes now are ridiculous. Then again we wont know for sure whats the actual transacted price.

 

On the other hand, I can find very good asking prices for used class 2 bikes.

[Yahmarhuh]

after selling need to get a new bike also. guess current prices are also stopping people from changing bike.

 

not really... demand is still strong. have a look at the number of bids.

[reize]

I'm happy he didn't do that... the asking price of most used 2B/2A bikes now are ridiculous. Then again we wont know for sure whats the actual transacted price.

 

On the other hand, I can find very good asking prices for used class 2 bikes.

 

The price is ridiculous because people are using current COE prices to benchmark the value of their remaining COE. Even though the bike they bought used to be only like 1.8k COE few years back. It doesn't seem ridiculous when you buy Class 2 bikes because even though in actual fact the people selling them are using the same method, but at least the bike themselves are more expensive than the COE and not so ridiculous looking.

[Yahmarhuh]

The price is ridiculous because people are using current COE prices to benchmark the value of their remaining COE. Even though the bike they bought used to be only like 1.8k COE few years back. It doesn't seem ridiculous when you buy Class 2 bikes because even though in actual fact the people selling them are using the same method, but at least the bike themselves are more expensive than the COE and not so ridiculous looking.

 

u're probably right bro!

[beginner444]

just dun buy, dun be a sucker.