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Discussion Starter · #1 ·
For the last year or two I've been keeping an eye out for a nice Spyder RT. I know one of these days I'm gonna need three wheels and I believe that is the direction I want to go.
On the way back from work today, about an hour from home, I passed by a powersports store (they sell multiple brands, with Honda being one of them) and saw a bright, shiny Spyder. I stopped and saw it was a 2012 RT-S, and they had very recently traded for it.
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The salesman said they just got done putting new tires on it (all 3) and changing all the fluids (again, according to the salesman) before putting it on the sales floor. It didn't have too many miles on it and the asking price was $13,900, so I wanted to see what kind of trade-in they would give me on my '03. Now, before I go any further, let me say that I know that my '03 Goldwing is not actually MADE of gold, but I have never traded anything in on another vehicle, so I had no idea what to expect other than "dealers buy low so they can make money" and I'm fine with that, unless it's a ridiculous number... I drove home, got my bike and headed back. They took the bike to check it out and returned it shortly. The salesman proceeded to tell me the trade-in number they're looking at is $3500. Now, I wasn't expecting anything close to an even trade, but with values of everything going up recently I was expecting a little more than that. The only thing they found even close to being bad on the bike was the front brake pads. My bike isn't flawless, it's got a couple of scratches and it's own share of bugs, but overall, I think it's a solid 7-8 out of 10. The salesman then tells me that the lower offer was because it has over 100,000 miles on it (109,000) and that consumers are scared away when they see mileage like that.
So my questions are based on my experience today... do you think their offer was a decent one? Does mid to high mileage affect trade-in value THAT much? I know dealers want the best so they can get the most money in return, but in a market that currently is supposed to favor the consumer, should I have gotten a little higher number? And don't forget this is a "powersports" store. A lot of off-road vehicles, a few on road bikes.
FYI, they had ONE new, blue Goldwing... $30,000.
 

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Discussion Starter · #15 ·
Thanks for all of the replies. As I stated, I've never traded anything in before so I didn't really know what to expect. I know my bike's age, I know it's condition...what I didn't know was if they offered me a fair price. Zee Fifty has it right. The offer they gave me was actually from an auction place, and the bike would have never seen the showroom of the store I was in.
I know they need to make money, I've worked on that side of a counter and understand how things work. Businesses need to make money or they shut down. I just wanted the forums opinion on whether or not their offer was a decent one.
 
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