Caution buying used bikes

[teambhp]

:pity:why you shoot me down. Now no one wants to buy my terrible bike. Do you only ride brand new bikes?

Someone will buy it one day. Who dun want a brand new bike if he can afford it? Not that I wanna shoot you down. But put yourself in the buyers shoes n you will understand

[teambhp]

old bikes, no prob. sure got ppl who wants if at the right price but caveat emptor as usual

The key word is right price.

[zyrofillica]

Someone will buy it one day. Who dun want a brand new bike if he can afford it? Not that I wanna shoot you down. But put yourself in the buyers shoes n you will understand

 

So maybe i need your advise what price i should sell it at? I think all of us here have experience buying old bikes. Only those newbie just pass class 2b might walk into a deal blindly. anyway have you sold your used bike before?

 

But sidenote, comparing bike shop and private seller, who do you think will have higher chance about being honest with the bike for sale. A salesman who earns commission, has to cover costs relating to rental/wages/profit tax and who has no idea on history of the bike or nor has rode it in his life? Or the guy who relies on his faithful steed to carry him everyday to work safely and reliably?

[teambhp]

So maybe i need your advise what price i should sell it at? I think all of us here have experience buying old bikes. Only those newbie just pass class 2b might walk into a deal blindly. anyway have you sold your used bike before?

 

But sidenote, comparing bike shop and private seller, who do you think will have higher chance about being honest with the bike for sale. A salesman who earns commission, has to cover costs relating to rental/wages/profit tax and who has no idea on history of the bike or nor has rode it in his life? Or the guy who relies on his faithful steed to carry him everyday to work safely and reliably?

I have no right to tell you what price to sell.you decide n if can sell, congratulations lor

[736cc]

Dear Readers

 

There are many bikes on sales in this forum. Some are from direct owners and some are from bikeshops.

 

I would like to caution about buying from direct owners. Some of the questions you should think about are

 

1) Owner has changed a lot of parts on the bike, added accesssories etc. Some even overhauled the engine and claim that bike is in good condtion. Think about it! Why would anyone in the world spend money to repair the bike, then sell it off to you?

 

2) All bikes have wear and tear items. The older the bike, the more problematic it is. Yet there are sellers claiming that the bike is in prefect condtion. How is that possible? Even new bikes are not prefect.

 

3) Assuming you find a really good offer. Seller dilligently maintain bike. Outlook is good. Wear and tear parts replaced and there are receipts to prove. You want to buy from him/her. Please think again. Outlook can be done nicely. Parts can be replaced by a good seller. One word of caution though....Internal leaks within the engine that cannot be seen by the naked eye.

 

For example, if the bike has excessive oil consumption problem, you will not know it till you have clocked up some mileage. By the time you know, it is too late. How about coolant seeping into the combustion chamber slowly? It will be months later before the bike will give out smoke. Do you have recourse? Anwer is NO.

 

Therefore, please buy with care and ride safe.

 

then you should just buy new bikes

[736cc]

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?

 

unless you are buying full cash. lol

[kzone]

:pity:why you shoot me down. Now no one wants to buy my terrible bike. Do you only ride brand new bikes?

 

bro... since ur mileage is only 35K, u need to super emphasize this. Like I said, this is like a 2 year old bike mileage so the wear & tear is equivalent to a 2 year old! There will be many who doubt that the mileage is really that low so you need to really "proof" this. Show original parts that are not worn etc

[736cc]

Such an old bike.. Who wanna buy?might have to spend even more to repair. Caution words for all... Never believe seller tell you bike in good condition. Always send to a workshop for inspection

 

bro, you keep saying send to workshop to inspect? who are you referring to?

 

Buying old bikes sure have to repair one leh. If want problem free bike, please buy new from dealer.

[kzone]

bro, you keep saying send to workshop to inspect? who are you referring to?

 

Buying old bikes sure have to repair one leh. If want problem free bike, please buy new from dealer.

 

If u are not so experienced, I agree that shud bring to workshop to assess. Not for all problems but major ones like engine overhaul, gear box, clutch, eat oil, rectifier & those that costs quite abit to repair.

[teambhp]

If u are not so experienced, I agree that shud bring to workshop to assess. Not for all problems but major ones like engine overhaul, gear box, clutch, eat oil, rectifier & those that costs quite abit to repair.

Thanks for the clarification

[aimnfire]

Since you all listing high depre bikes. can i list my low depre bike for sale?

 

about $900/yr R6! please buy:cheer:

http://www.singaporebikes.com/forums/showthread.php/457141-low-mileage-2003-r6-CHEAP!-COE-2023-MARCH?p=8342018&highlight=#post8342018

 

I like it but too bad i dont have the cash

Too me its reasonable price

[aimnfire]

Hi guys.

I might be seen as a newbie judging by my post.

I was actively active in mycarforum instead of here due to i drove.

 

But now with crazy coe for cars and my car is going to be scrap in oct, i was thinking of getting back on bikes.

Last i rode was in 2005.

 

I was out of touch for so long and was surprise by the ridiculous price of bikes on market currently.

 

Im glad TS start this thread as i was bash by a seller in one of fb bike groups trying to gain more profit when selling his bikes. To be honest most humans will maximise profit and minimise loss. So cant blame them. Now is consider sellers market due to coe high.

 

Regarding of depreciation. Yes bikes probably be $0 at the end of 10 years cause they dont have parf value like cars.

So really good luck to those sellers selling high price.

 

Regarding of bike condition, i consider it as luck.

 

Heres how i actually estimate a bike value. This is base on my opinion. Although bike dont have parf value, they have OMV value. How do i value bikes is i take their omv + coe and divide by 10 years. Then i took the current coe price and divide by number of years left.

For example my friend fz1 was bought in 2008 for about $18k (machine + coe ($2000 if not mistaken) + admin). His omv is 10k.

So his omv + coe is 12k. Bike left 3 years so that is 3.6k. Plus current coe of 6k divide by 10 × 3 give me 1.8k.

3.6k + 1.8k = 5.4k. Plus maybe another 1k. Im willing to pay 6.5k thats give me 2.1k depreciation.

For more than years bike i take their omv 50% of the original amount plus the coe renew and current coe. Thats give me estimate amount i willing to pay.

 

Please dont flame me as this is the formula i use in order not to overpaid a bike by too much.

Like i said at the end of 10 years either the seller got to fork out cash to renew coe or receive $10 to $20 from scrap yard if he cant sell off his bike.

[aimnfire]

Also when buying carry on installments, please calculate the total amount you going to spend eg cash + number of monthly installments left and compare the bike value on the market.

 

My bad and noob experience back in 90s was buying from a friend a honda hurricane with 8 years coe left. Installments is $200 x 24 mths = $4800. After transfer found out the market value for the bike is only $2500!.

Worse after few weeks bikes give problem like rectifier spoil, wheel bearing gone, clutch cable snap. When i feedback the seller he just shrug it off as its not his taichi anymore.

 

Hopefully my experience can help newbies to be more wiser when shopping for a bike.

[filtered]

COI is a dumb practice....too much risk involve for both parties....not sure why it is practised for bikes.....never hear of such things for cars.

[kzone]

cars also have ah... but usually between close friends n relatives

[filtered]

better to be clean cut transaction...later because of money close friends and relatives also can fall out.....

[teambhp]

Up for awareness.

[kzone]

better to be clean cut transaction...later because of money close friends and relatives also can fall out.....

 

yeah, on the other hand.. if close enough friends & relatives, can make use of this arrangement for a win win solution.

[kzone]

looks like coe will crash soon.... interesting to see how used bikes seller reacts.

[filtered]

dont hold your breath

 

down few hundred, next bidding up few hundred agn....looks like it will stabilise ard the 6k+ region

[kzone]

New cabinet need to make their mark in their new roles n KBW is known to make changes in all his past ministries. it will really be interesting to see what path he will choose... create separate categories or keep as per current but adjust the outflow to open category. The "problem" now is that there more well to do people buying lifestyle bikes and the younger crowd are also earning better to buy bigger bikes, willing to pay high coe... also many of the older bikers now buying their "dream" bikes that they are unable to afford when younger. all these add up to the strong demand and higher budget for coe/bikes.

[filtered]

Actually had an interesting discussion the other day with a bike dealer friend, and he mentioned that on the contrary, large proportion of the demand is for 'bread n butter' bikes, who have no choice but to buy even with high COE.

 

The so called 'lifestyle bikes', although the more affluent buyers can afford to pay the COE, but not many are willing to pay. What for no reason pay govt 6k for nothing? So these group of buyers can afford to wait, either for COE to come down or wait for dealerships to throw in promotions like free COE etc.

 

Seldom see offers of free COE for those bread and butter bikes, but you do see promotions from the bigger brands.

 

KBW now is transport minister, sekali bike coe no $8k no talk...lol

[swoosh]

Actually had an interesting discussion the other day with a bike dealer friend, and he mentioned that on the contrary, large proportion of the demand is for 'bread n butter' bikes, who have no choice but to buy even with high COE.

 

The so called 'lifestyle bikes', although the more affluent buyers can afford to pay the COE, but not many are willing to pay. What for no reason pay govt 6k for nothing? So these group of buyers can afford to wait, either for COE to come down or wait for dealerships to throw in promotions like free COE etc.

 

Seldom see offers of free COE for those bread and butter bikes, but you do see promotions from the bigger brands.

 

KBW now is transport minister, sekali bike coe no $8k no talk...lol

 

Agreed.

 

No bike shop will tell their customers " wait! dun buy ... COE will come down" They will say " buy now! COE will go up to 8k to 10K". Those who need it to make a living, LL gotta to buy.

[kzone]

Actually had an interesting discussion the other day with a bike dealer friend, and he mentioned that on the contrary, large proportion of the demand is for 'bread n butter' bikes, who have no choice but to buy even with high COE.

 

The so called 'lifestyle bikes', although the more affluent buyers can afford to pay the COE, but not many are willing to pay. What for no reason pay govt 6k for nothing? So these group of buyers can afford to wait, either for COE to come down or wait for dealerships to throw in promotions like free COE etc.

 

Seldom see offers of free COE for those bread and butter bikes, but you do see promotions from the bigger brands.

 

KBW now is transport minister, sekali bike coe no $8k no talk...lol

 

yes, bigger portion still the bread n butter bikes. but the share has reduced. Registrations of basic bikes is on the downward trend while "luxury bikes" on the increase.

[teambhp]

Agreed.

 

No bike shop will tell their customers " wait! dun buy ... COE will come down" They will say " buy now! COE will go up to 8k to 10K". Those who need it to make a living, LL gotta to buy.

They sell more, more commission.