I live in Canada and am hoping to buy a used versys.
According to the Canadian Blue Book the retail average (for an 08) is $4300 and the retail high is $5300. Despite this the prices I see in the classifieds are about 50% above blue book values. The people I've contacted will usually drop a few hundred but will not sell at anything near the blue book values. For instance the owner of an 08 with 10K km/6K mi lists for $6500 and will only go as low as $6000.
Just wondering what prices are like in other areas. Note the US and CDN dollar are equal value right now. I'm starting to think it would be better to buy in the US and ship it here.
Keep in mind that
- When comparing US used prices against CDN prices, the MSRP on a Versys is higher than in the US (do they sell for $9k before tax/dealer fees/etc in the US?) and the sticker price of a bike doesn't change with changing value of the dollar. Our MSRP's tend to be quite a bit higher than the US prices for new ones, regardless of the value of the dollar. As such, the seller paid a relatively high retail price, and are still trying to get a decent price for it relative to the original purchase price.
- The Blue Book value is an estimate
, and in my opinion it's on the low side. That's one of the reasons why people are advised to sell a bike used rather than trade it in...you will probaby get more for it, as the dealers use the blue/black book values and don't give a whole lot of room.
- Mileage, accessories, etc will all affect the price from the seller's point of view, while the Blue book assumes that all additional "farkles" add nothing to the value of the bike.
- The seller may have a minimum amount they want to get for it, for whatever reason. If it's not met, their mindset may be "If I can't get this amount for it, I might as well keep it".
Ultimately, a bike is worth what someone is willing to pay for it, regardless of what the "book" says. And unless the seller is motivated for some reason, they have little need to negotiate. If you aren't willing to pay their bottom line, walk away. Either someone else will pay it, or they'll have to adjust their expectations.