Caution buying used bikes

[filtered]

yup, if keep as track bike definitely will tow up and down

[kzone]

Agree with you.as for your last question, the answer could be current owner will try to sell them at a profit

 

 

 

i just checked the numbers of motorbikes deregistered in 2014, its actually lesser than 2013. That means more ppl renew their COE in 2014 rather than scrap?! 2014 was the year when PQP more than doubled from under 2k in Jan to over 4K in dec!

 

to add : at the same time, new registration in 2014 dropped so that means more people renew their COE as COE prices rises... so my thinking that there's less demand for 9+ years bikes is wrong!

[filtered]

yup, if keep as track bike definitely will tow up and down.

 

However is there a way to apply permit or something to keep the de-registered bike?

 

I guess another alternative maybe is convert to vintage plate

[teambhp]

If we dont renew COE and de-register the bike, can we still keep it or must scrap?

 

Maybe park in living room as decoration, or keep as track bike =D

Definitely must scrap

[teambhp]

i just checked the numbers of motorbikes deregistered in 2014, its actually lesser than 2013. That means more ppl renew their COE in 2014 rather than scrap?! 2014 was the year when PQP more than doubled from under 2k in Jan to over 4K in dec!

 

to add : at the same time, new registration in 2014 dropped so that means more people renew their COE as COE prices rises... so my thinking that there's less demand for 9+ years bikes is wrong!

Stats provide another perspective. Demand for old bikes hard to measure. If one wanna pays 8000 for a 2005 Busa, then again,it's their decision

[filtered]

http://www.lta.gov.sg/content/ltaweb/en/roads-and-motoring/owning-a-vehicle/registering-your-vehicle/registration-of-vintage-vehicles.html

 

Hehe can convert to vintage (restricted) plate. Can use 28 days in a year....thats about maybe twice a mth, can consider lol.....

[kzone]

Stats provide another perspective. Demand for old bikes hard to measure. If one wanna pays 8000 for a 2005 Busa, then again,it's their decision

 

the stats shows what actually happened in the past. u cant deny facts. Intrepetation matters of course, but in this case not much required, very straight forward.. the numbers speak for themselves. I also compared against the COE issued etc.. dont have time to post the numbers but essentially, the total population stays around the same, deregistration reduced, new bike registration reduced so can only mean COE renewals increased.

[teambhp]

the stats shows what actually happened in the past. u cant deny facts. Intrepetation matters of course, but in this case not much required, very straight forward.. the numbers speak for themselves. I also compared against the COE issued etc.. dont have time to post the numbers but essentially, the total population stays around the same, deregistration reduced, new bike registration reduced so can only mean COE renewals increased.

New bike registered reduced cos coe quota reduced.

[kzone]

New bike registered reduced cos coe quota reduced.

 

yes, but overall population remained the same so that means renewal increased? no?

[teambhp]

yes, but overall population remained the same so that means renewal increased? no?

I would not be able to answer unless you can post the stats

[matthias76]

http://www.lta.gov.sg/content/ltaweb/en/roads-and-motoring/owning-a-vehicle/registering-your-vehicle/registration-of-vintage-vehicles.html

 

Hehe can convert to vintage (restricted) plate. Can use 28 days in a year....thats about maybe twice a mth, can consider lol.....

 

The bike must be pre-1940, and a whole lot of nonsensical restrictions...

[kzone]

I would not be able to answer unless you can post the stats

 

Its on LTA website below.... u can check other ownership stats as well

 

http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/MVP01-2_MVP_by_COE.pdf

[teambhp]

2015 is the year bike coe explode. Any meaningful conclusion needs to be reference to 2015. However the stats are not out

[kzone]

2015 is the year bike coe explode. Any meaningful conclusion needs to be reference to 2015. However the stats are not out

 

 

dont anyhow say leh... 2014 was the year that has the biggest impact not just in terms of numbers but especially because it has been almost stagnant in 2013.

 

Jan 13 - 1933

Dec 13 - 1812

2013 Reduced $121 / 6%

 

Jan 14 - 1989

Dec 14 - 4312

2014 Increase $2324 / 117%

 

Jan 15 - 4403

May 15 - 6512

2015 (YTD) Increase $2109 / 48%

[di_andrei]

Teambhp is providing a simple evaluation of bike values in this thread. And some of his views are harsh but pragmatic.

 

Teambhp is providing a biased view based on vested interest. Yes, of course there are many bad deals available second hand. There are also many many good deals. The view that a new bike is always a better "deal" is complete nonsense.

[kzone]

Teambhp is providing a biased view based on vested interest. Yes, of course there are many bad deals available second hand. There are also many many good deals. The view that a new bike is always a better "deal" is complete nonsense.

 

not always but its starting to be like that, which is the trend for cars now where the depreciateion for new cars can be lower than used cars. In the recent past, used bikes has always been the more economical choice both in absolute amount as well as average depreciation costs... now its changing.

 

Teambhp may have vested interest and quite closed up mindset... and its good that he shares his thoughts rather than just accept the "norm" and his highlighting of bikes with ridiculous asking price will actually help both potential buyers as well as the seller himself.

 

Can you likewise give current examples of the "many many good deals". I'm trying to look out for one myself.. but dont seem to notice these good deals

[teambhp]

not always but its starting to be like that, which is the trend for cars now where the depreciateion for new cars can be lower than used cars. In the recent past, used bikes has always been the more economical choice both in absolute amount as well as average depreciation costs... now its changing.

 

Teambhp may have vested interest and quite closed up mindset... and its good that he shares his thoughts rather than just accept the "norm" and his highlighting of bikes with ridiculous asking price will actually help both potential buyers as well as the seller himself.

 

Can you likewise give current examples of the "many many good deals". I'm trying to look out for one myself.. but dont seem to notice these good deals

Haha.. I agree with you that good deals are rare.

[teambhp]

Teambhp is providing a biased view based on vested interest. Yes, of course there are many bad deals available second hand. There are also many many good deals. The view that a new bike is always a better "deal" is complete nonsense.

A new bike has less depreciation than an old bike. A new r6 is selling for around 25k at Hong leong. Its depreciation is 2.5k per year.why not you find a second hand r6 that depreciation less than that?

[di_andrei]

A new bike has less depreciation than an old bike. A new r6 is selling for around 25k at Hong leong. Its depreciation is 2.5k per year.why not you find a second hand r6 that depreciation less than that?

 

You can't always find perfect examples available on the market - however, on expensive bikes, buying a 1 or 2-year old bike will always be cheaper than buying new, a lot of the depreciation happens in the first 2 years.

[kzone]

You can't always find perfect examples available on the market - however, on expensive bikes, buying a 1 or 2-year old bike will always be cheaper than buying new, a lot of the depreciation happens in the first 2 years.

 

examples please.

[teambhp]

You can't always find perfect examples available on the market - however, on expensive bikes, buying a 1 or 2-year old bike will always be cheaper than buying new, a lot of the depreciation happens in the first 2 years.

The problem is are you able to find a 2yr old r6 that depreciates less than a new r6?

[filtered]

examples please.

 

Ducati 1098 Streetfighter S

Bought new in 2011 - $42k

Sold end 2014 - $27k

Depre per year = (42k-27k)/3

= $5k

 

Bike Mart has the same bike bike

Reg in 2009

Now asking $25k

So depre = (42k - 25k)/6

= $2833 approx

[kzone]

bro filtered, wat u smoking ah?

 

Ducati 1098 Streetfighter S

Bought new in 2011

Selling price end 2014 - $27k

basis bought new in 2011, assume COE expiry 2021

Assumin zero residual value, Depn = 27k/7 = $3.9k/year for a 3 year old bike

 

Bike Mart has the same bike bike

Reg in 2009

2015 Now asking $25k

Basis reg 2009, assume COE expiry 2019

Assumin zero residual value, Depn = 25k/4 = $6.3k/year for a 6 year old bike

[matthias76]

Teambhp is providing a biased view based on vested interest. Yes, of course there are many bad deals available second hand. There are also many many good deals. The view that a new bike is always a better "deal" is complete nonsense.

 

While I may not be a complete fan of "freedom of speech", my seniors have always taught me that speech/thoughts are one's own prerogative. Like you are entitled to voice out that TeamBhp is providing a biased opinion, or TeamBhp saying things that he thinks is the way of the world.

 

I was a newbie once. Having passed my 2b and still excited by the highs of finally having the license to ride, I rushed into a deal with a private seller. No one to advise me on how a bike should work, I even took the "furry tails" on the side of a tyre as an indicator that the tyres were still new. I didn't even know that there was a wear-indicator groove on a tyre! The result was disastrous. Before that I did no research and only heard from well-meaning friends that buy from direct sellers is cheaper than getting from bike shop. I can tell everyone loudly and clearly now - That's 24 karats bull poop. Does it mean that buying from shop guarantees a bike that is no where near a lemon? NO it doesn't. Some bikes are tougher in design and can withstand existing bad problems with minimal repair. For the untrained eye, a shiny coat of paint plus some tricks of the trade to prevent white smoke from exhaust could easily make a person part with his money. Like the old adage "A fool and his money is soon parted"

 

Many many good deals of 2nd hand bikes is really a claim that needs to be substantiated. Especially NOW. Don't use examples of past deals where COE wasn't at this crazy price. This whole buying/ selling 2nd hand bikes is now spiralling downwards. Like what TeamBhp has quoted in some of the deals, it just makes no sense to say these 2nd hand bikes are even worth its machine price quoted.

 

Anyway, PRICE is really a subjective issue. WORTH similarly. What may be expensive to some is affordable to others. WORTH is something buried even deeper inside the human psyche. Mods on a bike may worth a lot to the person who modded it but worth nothing to another person who is going to buy the bike. For all you know, he may even consider it a chore for having to take these mods out when he takes over the bike.

[200sx]

IMO there is no right or wrong in supply and demand. really principle of value is different from person to person. No point bring insults into this civilised forum. But I am genuinely interested in some of the bikes mention here. Problem is the seller's worth of his bike and my worth of his bike is totally different. So no willing buyer, no willing seller.

 

I am more concern about the bread and butter bikes as these are the bikes that affect most of us here. I am lucky enough to know a friend's cub is selling. I am willing to pay his paper value and 1.5k for the cub's body. So in this case I know there are no major problem with the bike, just normal wear and tear. I see ppl selling cubs, 2b road bikes at crazily high price and I tried nego with them with intend to buy from them, but non agreed with my concept of pay for left over paper value and body price and they don't even let me test ride. Some even says I am a dealer... I feel so insulted but I kept to my own principles that have prevented me from getting into trouble.

 

Hence its not easy to find a good deal even in this forum anymore, I don't trust the crooks in the shops selling 2nd hand bikes. I hate to deal with shops. Got cheated a few times and learnt from those lessons. There are prata flippers 24/7 viewing this forum and catching all the good deals to prata.

 

I myself also hope the price of COE bikes will fall so that I can upgrade. So to each his own, we agree to disagree.

 

and to add, IMO COE bikes have no residual value compared to COE cars. Simply because scrap yards can export the cars to other countries hence COE cars have values up to a few thousand. Its not that bikes cannot be exported, its no other countries want the import 10 year old bikes.