New vs Used Motorcycles: Which Should You Really Buy?
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- เผยแพร่เมื่อ 15 พ.ค. 2024
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CHAPTERS
0:00 Intro - ตลก
Make sure you check out the Suzuki GSX-8R Giveaway at yammienoob.co ! We have a SPICY next bike to give away, so stay tuned...
I’m gonna take a wild stab in the dark and say you don’t ship your giveaway bike across the pond 😬
Picked up a 2015 cbr1000 yesterday with 5k miles for $8k. It was an older gentleman that had the bike so i think i found a gem because everything looks new.
The market for used motorcycles in my state is terrible. A used bike that is 4-5 years old often costs almost as much as a brand new one, with only a $1,000 to $2,000 difference in price, despite having 15,000 to 30,000 miles on it.
They generally sit for months or even years allowing you to negotiate quite a bit. I had a few sellers around me accept offers as much as 25% lower than asking
Agree 100%. People trying to get waaaay too much for a used motorcycle with way too many miles on them. New motorcycle cost slightly more and come with piece of mind, and it’s only been yours.
Same problem in Greece ...
Every time I look for an MT-09, the used prices are higher than the dealer prices. People list 2020s with 15,000 miles for a thousand over sticker. It's wild.
If they add taily tidiy kits, exhaust, replacement levers (probably because the bike fell and broke/bent one) and other little addons like frame sliders, or heated grips, it's not outlandish to pay a little extra on top of used market value, seeing as you don't have to go through the trouble of sourcing and installing, or paying a shop to do it.
That being said, there are bikes from the 80's and 90's selling in my area for the price of TWO NEW Ninja 400's from a dealer. The bikes are so cool, and I'm sure they were lovingly restored and cared for, but damn, man.
3 years ago i bought my first bike, an 1985 honda sabre. it promptly broke. I rebuilt the carbs and road it for a year then the gear select fork died. 900 dollars an 12 hours later i swapped the engines myself. Today I ride another 1985 honda sabre v65. with something like 70% parts from other bikes i would never suggest an old bike for your first, but if you gotta have a piece of history and love it....just do it, roll with the punches be preparid to carry tools and fix it road side. but youll love it more than any showroom piece you coulda chained yourself to with a loan.
I think a used bike is a better option, just not that old, bikes like those need special care and parts that may not be available. I have a 2011 Ninja 250, probably the worst Ninja model of all time, but as my fist bike, I learned a lot, yeah, I didn't take care of it as I should have, but it never failed me in 7 years. Now I really think a 5-10 yo old bike is one of the bests options for a first bike.
can't wait to buy myself a v45 super magna as my first bike lol 🤣🤣 hope i won't have to fix it too often
@@dadiozo.z.1969 agreed. i just picked up a 2015 R3 as my first, and its great. 10.5k miles for $3,300
ADM (additional dealer markup) makes the new vs used choice waaaay easier 😂
Have you seen ADM on bikes? It's been all over the place with cars, but I haven't seen it on motorcycles in my area.
@@joshuablaz It depends on the type of dealership and bikes. The powersports places that sell a bunch of different brands usually add huge ADM.
@@joshuablaz here in Los Angeles, its ridiculous.. For instance, ive seen the cfmoto 450ss marked up to damn near $9k
@@tdizzle7685unbelievable
@@joshuablaz It's not actually ADM, it's "assembly and freight" being upwards of 900 each when the official fee is $450 freight and the 'assembly' is taking the crate and plastic off, hooking the battery up, and adding fluids.
When racing MX new.
Road bikes all second hand. Lots of people buy new and after @ 4 /5 years they find out they're not a rider and Ive made many good deals. I know what I'm looking at. Thanks to a good mentor early in my life.
Manufacturer incentives also give some extra reasons to look at new.
I got a brand new BMW 310GS (MSRP 6,485) for $6,052 USD out the door with 0% interest since BMW was offering some amazing incentives. So before you decide on new vs used check what the incentives that bike might offer from a dealership
New if European, Indian or Chinese. New or used if Japanese.
That’s a good rule , the Chinese bikes are good until they surpass 2 years , the Japanese are built to run for decades 😅
@@decordelights_ and thats why u shouldnt buy the chinese. After 5 years, the resale value goes down drastically.
Financed my first bike, bought new (300nk) because the specs, features, warranty and safety options just made sense compared to anything else used around the same price. My payments are comfortable, my insurance is cheap and I have the peace of mind knowing my bike (and myself) are covered in the event anything goes wrong.
Another content rich video. I’m loving these honest, real, authentic style videos. Thanks for taking the extra time to stray from the normal bike reviews.
Ive bought all of my bikes used. I like projects. 3 bikes, one needed a rebuilt motor, one needed fork seals and new brakes, and the other was a project bike needing a bunch of stuff. all together, im in 6k and i have 3 awesome motorcycles.
I bought a new bike for my first bike. I'm still riding it because I can't resell it for what I owe, three years into the loan. The fees were excessive, so no upgrading for another year or two.
My out the door cost on my 400cc bike was $7,800 in 2021. Your video is spot on.
Not always, i paid $9,100 cash at the dealer, it was below MSRP of $9,400. No dealers fees whatsoever and they even gave me money for gas. Buying it used would have cost me $8,800 with 3000 miles on it. Easy choice for me.
Two different people's experiences. I can attest that my buddy did the same as I did and just sold that bike at a loss.
@@RoaminNowherehis point was at the finance end of things not all of us can just pay cash
Generally you’re going to upgrade at a loss. Period. Not a gain. Just pay over your principal from day one. Payment will disappear fast, interest is a killer. If you’re buying to upgrade you are going to pay to play. Just know that. Just like you’re not selling to take an L, so is everyone else selling.
I was aboutta say u got ripped off but then I remembered I financed a ninja 400 for around that I put down like 1k tho but Yhea that’s def something I learned and I usually tell anyone new to riding just start in a 600 mainly the r7 it’s quick but not too quick to the point it’s too much to handle and as a new rider u will have a lot more fun for much longer cuz I can tell u after a month I was so bored of ninja 400 I basically tried to see if I could hit 120 once a week to keep things interesting but I’ll always buy new unless there’s a cool older bike that I can pay in cash for cuz buying used it’s a flip of the coin especially if u buy from a random guy on the internet if u don’t know much about bikes which I’m assuming that’s the case always buy used or new directly from the dealer they will make sure (usually) everything is in order and works unlike with a random dude who couldn’t care less if the thing works or not 😂
I have lived all over the country and started riding at the age of 12 and I can say some areas are good for buying used and some not. I like buying from upper class areas with short riding seasons, those people take care of their bikes and understand the bike is used when they go to sell it so you generally get a good deal and they are happy to see the bike is going to someone that will appreciate it.
not sure this is possible in Texas...it's always riding season other than a few weeks in Jan/Feb(usually, for north Texas)
I'm looking to get my first bike in the next few months or even weeks. I just got my license today!
I have worked on cars before but never on bikes, so I can only really tell if something's a piece of crap if I'm looking at something obvious. This video helped a lot, and it came up just the right time
I think it depends. For me, I'm buying my first bike, an MT03, because it's about 5 grand after fees because I'm paying cash and I'm in a smaller city. Everyone here is selling higher level bikes
I got a 2024 MT-03 Matt black I’ll sell u for 5500
150 miles on it!
Just know buying anything under 600/650 leads to quick reselling and no one wants to take an L. The happiest people just take the L and move on to riding what they want.
went to a dealer a couple days ago to look at r7s and my price OTD would have been $14.5k. Safe to say the bike will stay with them for awhile
Very good information provided for the younger or less experienced buyer audience. Good stuff.
Some of the dealer fees I'm reading about in the comments are wild! My dealer experience wasn't the greatest overall but I only paid $1500-2000 (can't remember) over msrp OTD on a $5800 bike. I wasn't thrilled about it at the time, but after reading the comments section I'm feeling pretty good about myself.
Bought a 1995 bmw f650 for 1000€, been using it for a year now, daily trips, commute, light off road. I AM SUPER HAPPY WITH HER, and i can harldy think of a cheaper and better way to get into motorcycling. I feel is amazing for a beginner because it let you try a bit of everything before investing money in a more specialized bike, so you can know what you like.
Papa yam is always here to bless us with his holy grail of wisdom
You drop this the day I sold my 19 mt09 and picking up a 24 mt09
Nothing like owning new. No one is selling g used for good prices these days either.
My first bike was a 70s cb750 basket case. Got it for 500 dollars, it needed a clutch, carb tune, and new tires. It was fine to learn on in my opinon. Took it easy, rode daily for a couple months then sold it for 3000 to get the style i wanted.
I always recommend friends getting into bikes to get the cheapest bike they feel they can get running. There is something very nice about learning on something so cheap you arent afraid to drop it and having spare cash to buy good riding gear. No one keeps their first bike forever anyways.
As of yesterday, i adore HD V-rod Porshe design. I was let to mount on its, fire IT up, and rev'it. I have never had such a exciting fear made by inmovable objects like this.
Bought 07 R1 with 12,000 miles. New tires, brakes, and only slight scratches but no serious problems. Guy posted it for $7,000 and I pinned it down quick. Harley guy bought it, did all the maintenance to show off the bike then pissed himself on first ride and parked it. His fear is my gain. Buy used if you know what to look for. Buy new if you are unsure.
I struggled with this for a while when buying my 2nd bike. I lucked out and got a Used 2023 Aprilia RS 660 so saved some money
How long have u had it and had would u rate it? I was thinkin of gettin one but after doing some research a lot of people were saying they r unreliable and since they r Italian pretty expensive to fix the bike itself looks good and im ok with the tech and specs but idk im not tryna get the bike version of a bmw car😭
@@nonbinaryqtip390I’ve only had it for about a month but it’s so nice. I got it used with 1700 miles from a dealership and no problems reported so far. I have a 2023 and most of the reliability issues are the 2020-2021 models since it was early in production. Costs more then an R7 but I think its worth it
It was a no-brainer for me. As a new rider to street bikes, at 50. Safty,safety, safty In my opinion, when you start on a new bike, you learn how a bike should feel brakes,tires, power, and tight. After a little seat time, I tried an older bike, and it didn't feel good at all. Shitty brakes and just felt loose and sloppy. Ultimately, you buy whatever you can afford, but even if I started riding long ago, I would still try to find a near new or new bike. My favorite saying, since I was 20 No money down & low monthly payments. I still pisses my parents off every time i say it...😊
Who cares what boomers think. As a 50 year old myself I couldn't care less what they think. They've had life handed to them and hate when anyone else gets something they don't like or have.
Mr. Yammy, I’ve been watch in your videos for five years. Yesterday I decided to ignore all of your well intentioned advise and bought a clean 2008 R6 as my first bike, wish me luck
This was so informative and also very humorous o:-)
Awesome vid Yam 💪👍 Definitely touched base on things that newbies need to know. As I watched I realize the amount of mistakes I made when buying used in my younger years 🤣 Oh well, experience comes with a price! 🎉
I bought a 2 year old 3k mile Triumph Speed Triple 1200 this year. Very slightly used, from a dealership, should be safe right?
Naw after topping it out found a plug in the back tire. Glad I’m alive today.
Just bought my first bike - a super clean 2017 Honda CB500F with less than 5K miles from the original owner. Negotiated down to $4K and I think I got a pretty sweet deal!
Great first bike. Low gearing and low hp made me grow out of it within a year. Now im on cb 650r. Glad i had a 500 for a year first.
Used is the way to go if it's your first bike. You're probably gonna end up dropping it, better to drop a $3k bike then a $9500 bike.
Yeah for sure. Even better, get a cheap dirt bike/ dual sport first and drop away.
7:35 the insurance part is accurate, I pay $68 monthly for my 22 Streetfighter V4s and was quoted $180 22 Panigale V2 which is wild. It was the main reason for going with Streetfighter V4s.
Bought my 14 DL1000 in 2016 as a 2 year holdover from the dealer and Suzuki was doing 0% interest for the term $100 a month!!!!! Worth every penny.
I got my 2020 Suzuki Katana new used with 2 miles on it in 2022. Paid $3,000 less than sticker price with no warranty because the dealership I bought it from bought it off another dealership. Some people told me it was a stupid decision because of the no warranty part, but I put 20,000 miles on it in less than 2 years. So I don't think the warranty would still be valid lol.
I did manage to pick up a 22 Super Duke Evo for 17k out the door with a 4 year warranty. Bike only had 600 miles on it with all the tech unlocked and about 3k in aftermarket parts.
I prefer to go to my insurance agent and finding the cheaper/cheapest bike to insure, then buying that bike, to work very well this past decade or so. By the way, the Yamaha XSR900 has shockingly low insurance, and is nearly half the cost of the MT09. So I bought an XSR900.
You probably have a wealth of Knowledge on this stuff then man. Thanks!
@@jmcMateo It's because a neighbor was trying to sell his Kawasaki ZX6R for really cheap; his insurance was $3500/year. I looked into buying it from him and my insurance rates were $2500/year. There's some bikes out there that you really should not buy.
I recently brought a brand new 4x4 & motorcycle but got them both at 2nd hand price as each got registered and was technically sold but the original buyer changed their mind. I paid $42k for my 4x4 (original price was $55k), I paid $12k for my motorcycle (original price $15.5k)
I just went through this buying my first motorcycle. I was hard-pressed to get used to the start. But dealing with people on FB marketplace is just awful these days. I ended up buying a brand new 23 model the last one they had got a killer deal actually $2499 under MSRP OTD. It was only 1k more expensive than the 21 model of the same bike I was looking at. So just like cars if you find last year's models new still you can defiantly get a great deal on new!
In 2015 (different times) I got my cbr 300 brand new for 4300 out the door. All I did was call around and leverage the price against the next one. Last dealer I called was 100 miles away. Told him I had this price but he was far from me. Guy ended up knocking off the freight, and all dealer fees. Easily saved myself over 1k.
"depreciation much less extreme with motorcycles"
>paid $5500 for a bike that was $10,500 OTD 18 months ago
That's a damn good steal
What was the bike? This does not seem reasonable or you got very lucky.
@@fincloser1230 2022 Z650. I did get lucky, but also I waited for the deal. It was barely broken in, ~750 miles
Wait, the Z650 is $10,500 in your state? German MSRP is 7700€ wtf
@@Cheap_Grey_Plastic The 2022 Z650 had an MSRP for 7.5k. Whoever paid 10.5k got ripped off.
Here in NJ a new 2024 Ninja 500 ABS ranges from $8.2k to $9.6k OTD, MSRP is $6.4k...that is just outrageous
Market is finally cooling down. Used private party is way to go.
Got my 2019 Sv650 for $3500 vs $8000 from dealership otd
I have bought mostly used bikes in my life. The Cavate is, I like to wrench bikes, I seek out ones I can find problems on and make fair but lower offers to get a good price. The last bike I bought was listed at 1500 I went to look at it, I got my note pad out and took down all the problems I found. Break pads, leaking fork seals, slight leak on shifter seal (real pain to fix, IE it's not that quick of a fix.) The bike wouldn't start, I never buy anything that doesn't at least show me it goes bang. So I made an offer with the condition it started after charging the battery it did. KBB on the bike was $2800 in it's currant condition, I offered $900 after listing all the repairs it needed. They accepted the offer and $500 in parts later it's on the road now. I have bought 2 new bikes also in my life and it was nice having that factory warranty. Even if I can fix it myself.
I landed on a used '22 Triumph Tiger Sport 660. Only had 1000 miles on it, so somebody else did the break-in for me. Ended up paying 5k less than what it went for new with all the options it has, title/reg included. I was leaning towards a sport bike but figured I'd be too much of a goon on one. Turns out, I'm a goon either way. But having that sport touring look definitely makes me less of a juicy target for the law.
Full coverage insurance is cheap as hell ($37/mo) because it's not a sport bike, even though it rides like one.
I'm very happy with my decision, though I can imagine myself moving to something like a hyper-naked in the future
Can also get ex demo bikes, at least around me you can get a nice discount, often the first service thrown in and still get factory warranty.
Just went through this a couple weeks ago when I bought my new Daytona 660
New. I never want someone else's project bike when my safety is at risk.
I just bought a new 2023 Triumph Scrambler 1200 XE a few months ago. A few factors led me to make this choice. It was marked way down because of it being a 23. About 4k less on the tag on a 24 model. Also, Triumph had promotional finnancing at the time that gave me a 0% interest rate. If I would have bought used, I would have had a 9% interest rate. So over the course of the loan, I would have paid roughly the same price for a used model with some miles on it vs buying it new.
Granted, these bikes hold their value pretty well so used bikes are not a ton cheaper than used (around where I live at least) and even after adding the dealer fees my monthly payment had a negligible difference vs if I paid slightly less.
If I was not finnancing it, I may have made a different choice.
I think getting a bike with at least 5000miles is perfect, it's gotten it's engine run in, oil change and likely you could get tires and servicing done and all at a discount.
Is it better to downshift rev match when coming to a stop, or brake the whole time, holding the clutch in and downshifting but not letting the clutch go until you’re in 1st and ready to go?
Being smooth is more important than either, but in daily riding I'm usually downshifting right to first as I come to a stop, ready to go if someone doesn't stop.
Oh yo got me lmao 😂😂😂😂😂that woke me up. And now I'm going to re-watch this. Then go back to sleep lmao
yup i was torn between buying used vs new. its too much dealing with people and their prices/ them not showing up/ not answering dms.. soooo i went the route of buying new.. 2024 ninja 500 krt se abs😂 loving all of her tho
Love you yammie
just got a used 2012 cbr250r 1327 miles on it for 2700. im new never rode before so i went for something smaller and im enjoying it my friends with 600s enjoy it and are now looking at smaller bikes to cut up on with me while having their 600s for the power. looking at an aprilia rs457 next as time passes and if i love it i might get the 660 being short and lightweight im working my way up in tiers lmaooo
People around the Midwest on FB marketplace are asking more for their used motorcycles than the dealerships are in many cases
Second hand without doubt, looked after but massively cheaper for a bike you'll almost certainly drop!
I almost bought a CFMOTO 450ss a couple weeks ago... by the end of the day the price after everything was 10500…. 5k more than the bikes Msrp.. we talked it down and the APR came to 23% APR I said forget that. So now I’m looking at a used Ninja 300/400, SV650, etc. definitely not buying new rn lol. The dealer also lied to us because we said so and so price. And we will sign. They said sure and then boom the price that we were shown…. I found out that dealer where I’m at is pretty crappy, and I was recommended another dealer
You should check out the 2022 cf moto 650, several dealers were hung with over stock. They are available starting at 3999, from at least 4 dealers I saw.
I got my 2023 MT-10 SP for just under $17k out the door. 2023 model in 2024 and the sales manager is one of my oldest gym friends. It can happen, just gotta get lucky.
I'm getting my first bike soon and i decided on new because even though you're paying more for the bike over time it's less money up front and I'd rather put 1 or 2 thousand down instead of 7 outright. And as mentioned it helps the bigger down payment you do, and so long as you make bigger payments and pay it off early, you won't really be paying that much more for it.
I was falling asleep at the end too 😍😅
4\4 all used, no major issues, no dealer fees.
I bought my used duke from the dealer that sold it, with only 800 miles on it. They sold it, serviced it, and took it as trade. Half cost of new, seemed ok to me 🤷♂️
Wish buying used you had the time to ask all those questions. If it's truly a great deal. It's goes more like "I'll buy it NOW cash be right there!!" And then look and ask questions in person. Marketplace is a rush show nowadays.
its funny, this video is very on the nose for the american market, though, still a lot of relevant information! :D
lol. I went to look for some smaller displacement ones to pop around town and there were bikes that were 1-4 years old that are basically a few hundred off MSRP, if that.
Can confirm. Paid over $9k for a new KLR last year.
HEY YAM...CAN YOU PLEASE MAKE A VIDEO ON BAJAJ MOTORCYCLES
Hey yammie I financed my gsxr600 my payments are only 165$ a month I put down a little over 30% though. But for me it was definitely worth it. It's the only happiness I have lol ✌
Here in Brazil 10 year bikes are costing more nowadays than when they were new and the new ones... well it's just absurd how they cost.
New bikes have all them fancy electronics. Mere mortals can ride litrebikes and dial back the power and TCS will help you not die. I think that’s a very important consideration. I bought a second hand bike then a few weeks later a new MT09. New bike all the way!
I want to ride as many as possible so I buy used. Brand new bikes come with a grand or more in fees. I try to hunt down 2 year old machines with a couple of grand in milage then in a couple of years trade them in for the next horse. I've kept a few but most of them get cycled.
I really wanted an MT 07 as my first bike and all the used ones were $7500-$8000 with lots of miles on em and as a new rider who doesnt know anything about motorcycles idk what to look for to know if its in good condition or not. Got a brand new 2023 MT 07 at a dealership for $9600 a few weeks ago. I'll pay the premium for peace of mind knowing im the only one whos used it.
Here in Canada, I'm pretty sure they force you to get full coverage on a financed bike
Added markup, crazy freight and handling fees is an insult I will never accept
I've been scouring the used market online for a while and my favorite is a 90's ninja 500 the seller calls a "Suzuki Kawasaki" and the description is something like "ready for summer"
I'm buying a new Ninja 1000sx next year, AFTER I pay off my truck. I'll also have it paid off in a year or 2 and it will be my last bike (theoretically of course). My first 2 bikes were very used and my current is as well and they worked just fine but on that model if you can find them used they aren't that much cheaper than new. I wouldn't buy new as your first bike or if your not settled on the style of bike you want and feel you might buy and sell often.
Im going used for my first bike, on the assumption that I will A - crash a few times, and B - learn more about maintenance this way 😅
It is different for new rider approved bikes in Australia though. Because you are required to ride something under 660cc for the first two years, they don't lose enough value to justify buying a used bike. In US terms, a new bike might cost $8,000 out the door but a used version would still cost $6,500 without the warranty. Also, Australia doesn't mess about with hidden fees, new bikes are always listed at a "ride away" price.
What you should do unless you have the money in my opinion is goo get the bike you can handle WITH BRAINS I’m 5’7 an 120lbs an started on a 636 YOOU JUST HAVE YO BE SMART WITH THE POWER
Every used bike around me is either very used or slightly used and less than 1k from dealer prices
New is better, but it is only so because of fast and free access to warranty work, repairs and maintenance. The moment the dealer network can’t cope with workshop demand the second hand choice becomes the better buy…
I went to the dealership looking for a used bike, they had it posted for a 2022 Yamaha mt09 for 9200, I wanted to pay cash and they looked at financing for me, it raised the price to around 12k. I left and they called me back and I talked them down to a cash deal for 9500.
Got a used 23 gsxr at a fair price with only 2k miles and nothing done to it but a rear fender delete for the plate… I’d say if you look hard enough you’ll find it
That stock footage of the guy lovingly stroking that KTM was….. 😂
Re: insurance, something I'll mention is that the insurance is incredibly high on the new models.
Example: The insurance on a 2019 1250GS is cheaper than the insurance on a Transalp.
Can you post some skate tricks on your intros ? lol
This was meant for me. its either a new r7 or used r6 and most are 6-8k with dumb miles on them. Think im going r7 plus better to learn on.
Just spent 24,000 on a new KTM super Duke had it for a month best decision I ever made
Wheel & tire, and the extended warranty has paid for themselves several times over. But it is a Harley, thats getting a completely brand new engine at 50k miles
Did you guys that XSR900 for yourself?? It keeps showing up in videos lately.
In the netherlands bikes in the showroom dont have extra costs. Way better, you see what you pay
Still paying more.
Used prices are beyond absurd here in Canada.
10-15 year old Bikes are going for near sticker when they were new.
Out of control.
I started riding in 02, and back then and through the next 10+ years, bikes depreciated way more than cars, (interestingly less so during the great recession, although there were amazing deals then as well). My first bike in 02 was 20 miles or so used, so basically new for msrp only, next a big cruiser that was a year old for 20% off, next next a 1 year old barely ridden zx14 for 50% off, and so on... lots of rich people or those who love loans buying the new model (back then there were ground up new RR models every 2-3 years) and dumping their old one cheap. Same with cars, plenty sold for a few hundred or a few year old Honda civic for $2-4k, that was the norm. Now I'm seeing my current bike being sold for barely less than I paid for it 15 years ago, and the same for the 14 and some others, that's insane and I wouldn't recommend an older used bike at those prices, save up for something that still has parts in production (I believe within 7 years of the model release).
If it's not more than 20% off retail it's worth the full warranty, especially if it's a new model that might end up with recalls or issues, and depending on the state you may not save anything other than the dealer fees, like my state that charges registration tax based on year make and model no matter the condition or price paid.
Last, if you can afford it, and you know you won't crash it, and or if you put a cage on it, buy in cash. Especially if you're younger, you may end up paying 20% per year in full coverage insurance (easily $2k per year for some bikes) vs 2-5% in liability only. I learned that with my first bike and stand by it every time, as if I paid for full coverage it would have paid for another bike every 5-7 years. Normally as you get older it used to get cheaper, but with no profit limits that tends to not be as true anymore, even with a perfect record (I've been stuck at ~$200/ year for a decade). I do the same for my car with no regrets, I'd rather save the money for the maintenance and repairs every commuter bike or car will need.
Can you do a review on the Kawasaki z1000sx or Ninja1000sx?
Additional reason to buy a used bike is if you're looking for something specific, say a Daytona 675R, that is not made anymore.
Here's a question. I haven't ridden since the 90's and the bikes I want probably aren't the bikes I should get. Help please!
Full coverage was costing me more per year than the bike is worth, I wager I’ll be okay for at least a year. I’d rather just buy a new bike than pay more than the value of the bike to cover it (obviously this dilemma doesn’t apply to everyone)
first words i ever say when asked this question is, your vehicle will lose 20% of its sticker price as you drive out of the dealer.
In the UK dealers have to advertise the 'on the road price' of new bikes, this includes all the taxes and registration fees etc.
Large [and judging by the number of poor ratings] iffy dealers such as Superbike Factory will advertise a price which usually ends in 91. Then if you look at the really small print you see that this excludes an 'admin fee' of £199 or vehicle tax. They mark up their bikes, which are all bought second-hand, by 40% and offer no warranty whatsoever, but you can return the bike within 14 days.
I would save up and buy new after doing my research as I tend to keep bikes a long time and put a lot of miles on them. A low milage three year old bike has has a lot of cold starts, and judging by a significant majority of sportsbike riders pobably been bounced off the rev limiter in neutral when cold to impress someone.
As for finance, if someone wants me to have it then it is in their interest and not mine.