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Ken 11861
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« on: May 31, 2011, 05:19:05 PM » |
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I am trying to find a fair price to sell my 2001 Valkyrie standard. The March 2011 MCM (motorcycle consumer news) values it at $6505. but I frequently see even older Valks selling for the same or several thousand more dollars. Mine is basically stock, with windshield, risers, back rest, heated grips, luggage rack, Moto-lights, Leather Lyke bags, etc with 72,400 miles. It looks brand new, many compliments. I would appreciate your help. Are there any other good motorcycle value guide resources ?  |
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2001 Valk (72,500 5/2011) & 2009 ST1300 (new 5/10)
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GotValk
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« Reply #1 on: May 31, 2011, 05:39:45 PM » |
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Ken, Kelly Blue book for your bike in excellent condition is $6995, If your not in a hurry to sell start out on the higher side and just know how low you will go, let there be some room to come down for someone who is interested. Or if you need to sell fast under $6000 should do it.
Good Luck!
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the inspector
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« Reply #2 on: May 31, 2011, 06:31:32 PM » |
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Ken....I also am thinking of selling my valk. As far as how much, I think whatever you want to sell it for. Mine is a 99 with 13,000 miles and I am sure I would want more then most people would think it's worth. BUT it's mine and I want what I want. You don't need a book to tell you what it's worth. Put your own value on it, screw the book. You may get more when the economy gets better, it's a buyers market at this time. If you need to get rid of it well just wing it and take offers, and take what will satisfy you. Only YOU know what it;s worth.
"the inspector"
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it's always easy if someone else is doing it.....
"the inspector"
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Slvrvalk1
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« Reply #3 on: May 31, 2011, 07:11:54 PM » |
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Ken -
In 2007 I sold a 1997 Valk with 73,000 miles on it. It had custom paint (silver, not wild), hard bags (National Cycle), and various chrome things on it. I ended up selling it on eBay for about $5,000. You may be much more successful, but the mileage did scare some people off. We all know that the Valk will last forever, but some people will not be interessted in a higher mileage bike.
Dave
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Mr. Nuts
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« Reply #4 on: May 31, 2011, 08:58:58 PM » |
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Hi there Ken. There is a big difference between "selling for" and "sold for". Asking prices tend to set the upper limits of what is possible. Finding out what similar bikes have actually sold for, and honestly adjusting for the differences in mileage, options, etc. is what you want.
If you have the time use something like craiglook.com to find Valks asking prices all over the country. Then go to ebay and use advanced search to view "completed sales" to find actual "sold" prices.
Make honest adjustments for items or conditions that are superior to yours (like lower mileage or nice options) by assigning a negative adjustment. Adjust for inferior items (like higher mileage, salvage title, damage, less options) with positive adjustments.
"Comps" are always adjusted to the Subject (your bike) just as they are in home appraisals.
Example (purely made up!)
Comp 1 sold for $6500 but had 30,000 less miles (-1000) = $5,500 adjusted value
Comp 2 sold for $5000 but had 20,000 more miles (+700) and added saddlebags (-1000) =$4700 adjusted value
Comp 3 sold for $8,000, had the same miles, but had $5,000 in options I value at $2500 (-2500) = $5500 adjusted value
n the above example I would favor the two with the least adjustments and put the value at about $5,500.
This is standard appraisal stuff. Nothing magic. Hardest parts are gathering enough data to make some educated guesses about how mileage and options affect value. Spreadsheets and the ability to be objective and honest with ourselves can also be a challenge.
Good luck.
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“Speed has never killed anyone.... Suddenly becoming stationary, thats what gets you.” - Jeremy Clarkson
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Jabba
Member
Posts: 3563
VRCCDS0197
Greenwood Indiana
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« Reply #5 on: June 01, 2011, 03:51:40 AM » |
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I saw a 2002 Blue/white standard for sale a while back. 17K miles for $6800. That seemed like a GREAT deal to me. I have one JUST like it, only 2 spots away on the production line.
$10K would NOT buy mine. I know it's ain't worth that to someone else... but it IS to me.
Jabba
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hubcapsc
Member
Posts: 16788
upstate
South Carolina
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« Reply #6 on: June 01, 2011, 04:59:07 AM » |
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eBay completed listings are probably meaningful... here's some examples... you can see how
many people were interested in spending how much money on what kind of Valkyries...
1999 Honda Valkyrie Custom Paint Flames and Spider Webs
15 Bids
$5,400.00
Valkyrie Custom (paint) Tourer
6 Bids
$5,400.00
Valkyrie GL1500C 2003, only 2500 miles
25 Bids
$8,202.00
Valkyrie TOURER 1998 24K WITH OVER 3K IN ACC!!!!!
14 Bids
$7,000.00
-Mike
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MP
Member
Posts: 5532
1997 Std Valkyrie and 2001 red/blk I/S w/sidecar
North Dakota
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« Reply #7 on: June 01, 2011, 05:05:52 AM » |
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Go to ebay. Go to advanced searches, then click on "completed auctions". Put in a price range of $4000 to $15000. That will get rid of all little items. Then, search for "VAlkyrie". Then, be sure to only look at the Valks that SOLD. Ones that did not meet reserve do not count. This will give you a good idea of what they are worth.
Be sure to check out how much bling they have, makes a difference. Also, as in post above, note how "custom" paint really DETRACTS from the value.
MP
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 "Ridin' with Cycho" |
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the inspector
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« Reply #8 on: June 01, 2011, 06:26:30 AM » |
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I'm with Jabba....your valk is yours and the value of it is what YOU decide, not what a stranger THINKS it's worth. Let them shop elsewhere. We don't need no stinking book....
"the inspector"
All you need to do is ride it before you price it and the value will go up a few thousand!!!!
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it's always easy if someone else is doing it.....
"the inspector"
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