Im in the hunt for my first 250cc bike and I have been doing alot of research of the bikes I am interested in and the prices private and dealers are charging for them.
I use the Redbook as a guidance as most people would to value how much a bike would be worth in the quest for my first bike. The question I ask is, why are private owners and dealers charging more than what the book recommends?
I am seeing early 90's model Honda CBR250RR selling for 6500-8000 (private and dealership) when they are only worth $3700-$6500 (varies on condition) and later models for max. $6500-7000. This goes for other bikes such as ZX2R, VTR250, ZZR and various others.
Is the Redbook no longer a tool for determining the market value of a bike? Or are sellers just too over confident in their price? So if it has mods such as an aftermarket exhaust, the pricing shouldn't include the cost of the mod but, at least remain the same, if not less.
I use the Redbook as a guidance as most people would to value how much a bike would be worth in the quest for my first bike. The question I ask is, why are private owners and dealers charging more than what the book recommends?
I am seeing early 90's model Honda CBR250RR selling for 6500-8000 (private and dealership) when they are only worth $3700-$6500 (varies on condition) and later models for max. $6500-7000. This goes for other bikes such as ZX2R, VTR250, ZZR and various others.
Is the Redbook no longer a tool for determining the market value of a bike? Or are sellers just too over confident in their price? So if it has mods such as an aftermarket exhaust, the pricing shouldn't include the cost of the mod but, at least remain the same, if not less.
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