What to sell my bike for?

Question:
hey i need some help. i have a 2003 suzuki 100 RM 2 stroke, fresh motor at the start of 2006 summer, other than that its all stock, taken well care of and i want to sell it i have no clue what to sell it for though, bc i no guys are sellin they little 80's and stuff for almost 2000 so i was thinking maybe i could get like 1700 or 1600 out of my bike, any suggestions?

Answers:

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There are other factors to consider besides blue book price even though that is a good starting guide.

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Why does it have a new motor after only 2 and a bit years old when it was well taken care of?Is it still under finance( that can be a realissue when selling and the finance company has to be involved)

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Is it a buyers market? or a sellers market. A buyers market is when there is a lot of choices around and Buyers vertually tell you what they will pay, a sellers market is when there is litle choice but many buyers so you can usaully ask a bit more.

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Have you got the manuals and all the service records, that can make a real difference in a sale, Is it fully licenced and insured? that will affect your sell price.

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If it is reasonable condition then ask away around the $2000 markit is better to ask to much and negoitiate, so $1999( sounds better than $2000) or ONO ( or nearest offer) is a good way to start. That way it shows you are prepared to negotiate so people arnt always turned away

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Alternatively auction it on ebay or even auction it at a vehicle auction yard.

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With an auction you can set the reserve which is the minimum you will accept for the bike. if it doesnt meet the reserve it will be passed in , anything above the reserve is cream.

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Be aware you will pay a fee and possibly commission so build that into your reserve.

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This is a young persons bike so the purchaser will usually be a first timer..that could mean DADS and MUMS are involved so have all you ducks in a row.

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Have your documentation together, know the bike and its history, be prepared to negotiate if selling direct and dont lie or cover up faults or accidents.

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Do not allow test ridesunless they hand over the full purchase price first and have a licence..When they return the bike give them the money back unless they want to take it or if they have an accident.

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Many people have been burnt letting people test ride.A genuine buyer would not object to having to pay first so any one objects tell them to take a hike, it is better than being ripped off.

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Good Luck

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What did you purchase the bike for? 1/2 that at least and start taking off 50 bucks for everything that is wrong with it. this is usually the guideline for cars and I'm sure would be reasonable for the bike.

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The best way to tell is to go on ebay and see what people are getting for them.

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According to Kelly Blue Book,

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$1290-for trade in
$1955-for fully refurbished

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so your asking price seems about right for a good conditioned bike. Hope this helps.

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