Selling a Tenere quickly

TXTenere

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I have received a few private messages here, and on ADVRider, asking how I sold my Super Tenere quickly, when they've had theirs on the market for months and without movement. Rather than continue to respond to each individually, I thought I'd post it publically.

As many know, the Super Tenere market is pretty soft, despite the fact that it is a great bike. My Super Tenere that I sold was a 2013 model, 10,000 miles, came with bags and 4-year YES warranty (after manufacturer 1 year warranty expired). I was asking $7500 for it, and was pretty firm. Within 30 minutes, I had two phone calls, both with callers wanting the bike. Within an hour, I had a third buyer. Two days later, yet another buyer emerged.

So, the natural question is, did I price it too low? I think not, given new ones are available for under $9000. True mine had bags, and a YES warranty, but it also was used and had 10k miles. For those that would say yes I did price it too low, what's a more realistic price, given the new ones available for $9000 or less?

I think I was fortunate to sell it quickly, but being in California where the weather is nice helps. But truthfully, I think the key to selling anything quickly is pricing it realistically; in other words. fair to me, and fair to the buyer. When that is done, items tend to move quickly.

Hopefully this helps to answer the questions that members on here were posting.
 

OldRider

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I'm hoping that when the dealers run out of the left over 13 models (and they wil) the used market wil go up a little. I wanted a Ducati Scrambler so I put mine on the market right about the time they started dumping the 13's. I still like the S10, I was just ready for something different. So until the market for used S10's returns I will ride mine and smile as always.
 

78YZ

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So, you're bragging about buying high and selling low?? ::025::
 

TXTenere

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78YZ said:
So, you're bragging about buying high and selling low?? ::025::
Are you referring to buying the Tenere or the BMW high? I'm actually ecstatic about the relatively low depreciation I experienced with the Tenere. I paid $11,300 before tax and license. Selling it for $3800 less two years later is OK in my book.
 

Expflier

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KBb trade in 6540 retail 8940. Sounds like you were happy with selling it and the buyer was happy that's always best type of deal doesn't really matter what uninvolved people think. I bought one of the 13' with the "free" bags also. When I bought it I knew the resale value sucked but I intend to keep it till the wheels fall off its become my go to bike with over 22000 miles in 18 months. Enjoy your GS their great bikes. I got away from bmw's because dealers closing in my area and it seemed it was an automatic 500 bill every time I went in for service.
 

Dogdaze

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I have to agree with SPX, people become too 'precious' about their bikes and don't want to concede that the used market sucks. I figure if I buy a bike and do 5-6k miles per year, I should expect to lose 1500 (£/$) per year if not new when bought. Any higher miles will raise the depreciation more. This is my 'expert' opinion.................... having owned a non-franchised flying propeller dealer for many years. SPX was realistic in his selling price, so it went quickly, remember, if something is priced right, it will sell, otherwise it will stick around for a while.
 

Cycledude

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78YZ said:
So, you're bragging about buying high and selling low?? ::025::
Wasn't no bragging going on he was just pointing out some facts, he sold his bike for what it was actually worth not some highly inflated imaginary price that many others have their bikes listed for.
 

Big Blu

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SPX said:
Are you referring to buying the Tenere or the BMW high? I'm actually ecstatic about the relatively low depreciation I experienced with the Tenere. I paid $11,300 before tax and license. Selling it for $3800 less two years later is OK in my book.
+ 1
A wise man understands he's buying a toy, not making an investment.
It's all about smiles per miles, nut'n else matters when it comes to our toys.

Paul
 

OldRider

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Cycledude said:
Wasn't no bragging going on he was just pointing out some facts, he sold his bike for what it was actually worth not some highly inflated imaginary price that many others have their bikes listed for.
I disagree. He may have sold it for what todays market price is, but that's a short term market created by Yamaha and it's not going to last forever. When the dealers run out of the left over 13 models and the best deal you can find on a new one is 13-15 thousand, these low milage dressed early models will then be selling for what they're really worth.
 

jimmy da fish

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OldRider said:
I disagree. He may have sold it for what todays market price is, but that's a short term market created by Yamaha and it's not going to last forever. When the dealers run out of the left over 13 models and the best deal you can find on a new one is 13-15 thousand, these low milage dressed early models will then be selling for what they're really worth.

Today they are worth ***** and later they will be worth *****.
I think they are ONLY worth what someone will pay!
 

dietDrThunder

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Expflier said:
KBb trade in 6540 retail 8940. Sounds like you were happy with selling it and the buyer was happy that's always best type of deal doesn't really matter what uninvolved people think. I bought one of the 13' with the "free" bags also. When I bought it I knew the resale value sucked but I intend to keep it till the wheels fall off its become my go to bike with over 22000 miles in 18 months. Enjoy your GS their great bikes. I got away from bmw's because dealers closing in my area and it seemed it was an automatic 500 bill every time I went in for service.
The thing is, KBB is meaningless right now, with several dealerships selling the leftover '13's new for under $9k OTD. 'Retail' in KBB means retail at a dealer. When you can get a new one right in the same place for $8899 OTD, I'm gonna go out on a limb and say that $8940 is probably a stretch for a used one.

These deals aren't smokescreens either, I called three different ones and came _this_ close to pulling the trigger on one. I think the OPs price was exactly right on re: value and sale-ability. I've been looking for a Super T for about 2 months now, and I can confidently say that if he'd asked $8000 he'd still have it. To wit, I bought a 2012 last night. 27k miles, clean, heated Corbin seat, SWM crash bars, (3) screens, Touratech adjustable screen mount, updated clutch basket, Givi trunk, and a few more farkles, for $6500. The other serious contender was a bike that was very similar in equipment, fewer miles but a little less farkle, for $7000. He's been trying to sell it since last September, and still has it. My local dealer had a 2012 also with similar equipment for right at 10k, and the only way it sold was that they did that dealer thing where they just don't care how long it sits; they just waited until someone who didn't know any better came in and bought it. It took about 16 months (maybe more...the first time I saw it in there was around October '14). To be fair, it also could have been consignment and the owner didn't want to give it away (understandable of course). Either way, that's a loooooong time.

To your comment about riding it till the wheels fall off, I'm glad for you for sure. Even though I was shopping for myself, I genuinely feel badly for folks who were early adopters who now want to sell for whatever reason. I mean $6500 for the bike I just bought is a travesty for everyone involved except for me. I sold my 08 Sprint ST last summer for $5200 with 30k miles on it and I thought that was a little low. Yikes.
 

Rasher

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Old stock will have an effect, but there is the risk when the leftover 13's run out leftover 14's appear.

I bought a late 2011 ex demo in early 2012 (new leftovers were also around) this saved me 20% off new price for a bike with under 150 miles on it. In the UK around this time of year there seems to be last years S10's going cheap - in fact lots of manufacturers have leftover stock from time to time, but Yamaha seem to over-price some models and this happens year on year with the S10.

The running out of leftovers may make a used bike easier to sell, and for a few more bucks but it is not going to make a massive price difference IMO.

The other mistake people make is pricing their bikes at dealer prices, this is rife in the UK where the main bike buying websites have a 10:1+ ratio of trade - private, many people look at the predominantly dealer prices and go for that. Right now Autotrader have 68 dealer S10's and only 1 private, which is priced very similarly to many dealer bikes of similar age / mileage, the private bike is a 2011 with 18k miles at £7250 with luggage, but for under £8,000 there is a bike of same age with luggage and only 5,000 miles, or a 3 year newer 2014 Gen 2 model.

So for about £500 extra you could get a bike of same age / spec with 1/3rd of the miles and a warranty, or a 3 year newer bike of the later generation with under 1,000 miles - and there are loads more dealer bikes to choose from.

This used bike is about the same age / mileage as mine, if I was flogging mine I would probably strip the luggage and sell it separately, but if wanting to shift it complete I would take off all other farkles and price it up at about £6800 - under the magic £7k barrier and a reasonable £750 / 10% less than the dealer ask, rather that £250 / 3% - and be prepared to accept an offer in the region of £6500.

The problem with loaded bikes is people either do not want the extra's or want them thrown in, by removing it all you appeal to the guy who wants a standard bike, and those who want loaded as they probably expect to have to buy stuff to get it how they want it, I often leave low value items on the bike and have thrown in / charged extra for stuff as part of a negotiated deal, but the bike is advertised as standard with the price for the stock bike.

I typically price my used bikes just above the genuine trade in value - I negotiate new bike on a cash basis and then ask about a px once I have the best cash deal, often I can haggle £500 of a dealer sale, they then have no money left in the deal to inflate my px price so offer a low - but genuine value which I use to underwrite the bike if I cannot sell it.......

....I have my last few bikes very quickly for significantly more than the real trade in value with the first person to view buying the bike.

As others stated they are only worth what someone is willing to pay, and this is typically @15% less than main dealers advertise similar bikes for, so my bike is £7500 in a dealer, £6500 private sale (maybe px value as well) and about £5500 if I sold it for a dealer for cash

If you want to sell it price it right ::008::
 

Freebooter

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The sticker price on my 2015 SupTen ES which came w cruise control, heated grips, elect suspension and 3 piece GIVI luggage when I bought it in December was a bit over $16,000. I taded in a 2015 Yama FJ-09 I'd bought in May w a tad over 4000 miles on it. They gave me a fair amount on my FJ09 but I was still top heavy. I also financed in w it GAP, tire protection plan, the extended warrantee and maintenance pans (YES), so as of now my balance is $22,623.00.

With a little over 1000 miles on it I was trying to sell it, to get someone to assume the loan but finally realized no one was going to pay that much when they could get a new one for $16,000.00 (minus the Givi luggage) or even less.

I traded mainly for the driveshaft and a bit more seat comfort. But I miss the lighter and more manouverable FJ09. At high speeds it was so smooth, no vibration, etc. If it had had a driveshaft I wudda never traded. Why don't they put driveshafts on FJ09s?
 
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