Why is Kelley Blue Book so low?
Posted November 08, 2005 - 09:21 AM
" November 8, 2005
2005 Yamaha WR450F
Suggested Retail Value $4890
The Kelley Blue Book Suggested Retail Value is representative of dealers' asking prices and is the starting point for negotiation between a consumer and a dealer. This Suggested Retail Value assumes that the unit has been fully reconditioned and is in excellent condition. Mileage/condition and additional equipment may have a substantial impact on the value shown above. This value also takes into account the dealers' profit, costs for advertising, sales commissions and other costs of doing business. The final sale price will likely be less depending on the unit's actual condition, popularity, type of warranty offered and local market conditions."
Posted November 08, 2005 - 10:31 AM
Posted November 08, 2005 - 10:38 AM
110 miles???? what did he do, drive it to the gas station, get scared and go home and park it? smells fishy?
The only extra cost to you would be dependant on your state. If you need insurance to register something for the road, car, truck, bike what ever then YES.
In NH you don't need insurance to register something for the street so my bike (paid in cash) is street legal for the cost of registering it and getting a plate and street inspection sticker. I still have the ORV registration as the trails require that and the street stuff is basically null in void once you hit the trails. I was actually told the ORV fee you pay is for trail use not so the state can make money off your dirt bike. Like they do with cars and stuff, the newer it is the higher you pay, ORV stuff is the same price no matter what year it is, in NH anyway.
Posted November 08, 2005 - 10:42 AM
Posted November 08, 2005 - 11:06 AM
Sorry, for all of the newbie questions.....Just want to make sure I get the right setup since I plan on keeping it for awhile. TIA
Posted November 08, 2005 - 11:08 AM
Yes a tag adds a grand to the price. It's almost impossible to get one licensed anymore...
Posted November 08, 2005 - 11:16 AM
Supply and demand. In Oct. I sold a 2003 WR450F, basically stock, except for the Starter System upgrade for $4,000. That was $100-200 under retail Kelly Blue Book. I wanted to sell the bike, not watch it aging in the Cycle Trader. I thought my asking price was fair and the first interested party that answered the ad forced money into my hand and took the bike. By definition, that was what that particular 2003 WR450F was worth on that day.
I think that $5,900 is high for a 2005 that is dual sported, but, we are back to supply and demand again. When you consider that the bike is, yes let's call a spade a spade, incorrectly registered in California and yes you should have insurance on it, if you are going to ride it on public roads. Your DMV fees will be more expensive than just a green/red stickered bike. I would not pay that price. Try a little horse trading, the worst that the seller can say is $xxxx is the price.
Posted November 08, 2005 - 04:49 PM
Posted November 08, 2005 - 05:16 PM
Posted November 08, 2005 - 05:19 PM
Posted November 08, 2005 - 05:23 PM
Posted November 08, 2005 - 05:31 PM
Posted November 08, 2005 - 09:39 PM
Posted November 09, 2005 - 09:27 AM
Posted November 09, 2005 - 09:30 AM