Thinking of selling at a loss
- Thread starter ImaRider
- Start date
I owe 15K on the bike and not planning on selling it I didn't look at the price as being upside down. Maybe I should have? I didn't have a bike to trade in on this one. I had sold my previous bike a year before buying this one. The market is soft right now. The online site offered what they did as they are reselling it and have to have a margin for profit. Not faulting them on their offer. The dealership is looking at taking on a used bike, sitting in their showroom in place of one of the newer models. They still have a number of '18's for sale. I knew I would take a beating on it only 1 year after buying it. There just isn't any chance in the future I would be able to ride.
I didn't put any down and the loan is 2.99% @ 48 months. If I could find someone credit worthy, letting them take over the payments would be ideal for both of us.
I didn't put any down and the loan is 2.99% @ 48 months. If I could find someone credit worthy, letting them take over the payments would be ideal for both of us.
Last edited by a moderator:
dolt
Well-Known Member
Checked around at the used inventory for the dealers in my area and found three '17 FLSTC models for sale:
950 miles for $19.980
10K miles for $18,495
2.7K miles for $19,094
These are dealer prices and I assume based on "book" value but actual "street" value is probably about $2K less. So, the OP could advertise the bike for say $14,950 and be prepared to let it go for $500 to $1000 less. So, assume it takes six months to sell, add six months of payments to the difference between $15K and $13.75K and make the decision on whether to take that hit or the $4K hit from the re-seller. Of course, there is always the chance that the bike could still be sitting in the garage in six months but you are a better judge of how likely that is possible. Time to fish or cut bait; procrastination is not advisable.
950 miles for $19.980
10K miles for $18,495
2.7K miles for $19,094
These are dealer prices and I assume based on "book" value but actual "street" value is probably about $2K less. So, the OP could advertise the bike for say $14,950 and be prepared to let it go for $500 to $1000 less. So, assume it takes six months to sell, add six months of payments to the difference between $15K and $13.75K and make the decision on whether to take that hit or the $4K hit from the re-seller. Of course, there is always the chance that the bike could still be sitting in the garage in six months but you are a better judge of how likely that is possible. Time to fish or cut bait; procrastination is not advisable.
Good for you, 1 headache out of the way.