View Full Version : Advice/Opinions Anyone?
kwok1986
04-10-08, 03:41 PM
Hi all,
I'm a dedicated SV rider and have had the bike since May.
I've recently started a course at uni and don't actually have time to ride for leisure anymore... (though i still use it for work on weekends)
I was wondering if anyone could give me their opinion on whether I should/shouldn't sell my bike... it's a SV650S K8.
I'm not good with all the specs and everythin as I enjoy riding them most and don't understand anythin on the tech & mech side of things....
So yea I'm abit lame... But it would be great to hear some feedbacks on what you think I should do... I love my bike... But don't have time to give it a good life... and if it sold it the money could help with uni costs a little...
I would appreciate any feedback.
Many thanks
Personally, if I were you, I'd keep it.
From your post, it doesn't come across that the bike is using money that you could/need to spend elsewhere. Uni costs will be met regardless of you having a bike.
You also do get some usage out of it, commuting & weekends.
As you bought a K8, I assume you bought it brand new, and it'd be a shame to take the hit in depreciation as it's now second-hand.
Keep it, enjoy commuting past the traffic, and have fun on the bike during the holidays from uni.
kwok1986
04-10-08, 04:01 PM
Personally, if I were you, I'd keep it.
From your post, it doesn't come across that the bike is using money that you could/need to spend elsewhere. Uni costs will be met regardless of you having a bike.
As you bought a K8, I assume you bought it brand new, and it'd be a shame to take the hit in depreciation as it's now second-hand.
Keep it, enjoy commuting past the traffic, and have fun on the bike during the holidays from uni.
Sorry I forgot to mention before... I bought the bike on finance and still have about 2 years and a half to go... :-( Which is why it'd help with the financial side of things a little bit. But I really do love my bike...
Sorry I forgot to mention before... I bought the bike on finance and still have about 2 years and a half to go... :-( Which is why it'd help with the financial side of things a little bit. But I really do love my bike...
It would only help with finances, if you get the total amount of finance outstanding in the sale.
For example, when I bought my K6, I was paying £112/month (IIRC) for the 0% finance deal. After owning it for 7months, I would of paid off £784, leaving £3716 remaining in finance.
To be honest, I reckon you'd see more depreciation for 7months ownership than £748, leaving you with an outstanding finance agreement, on a bike you no longer own.
I personally would never buy any vehicle & take on someone else's financial agreement.
I'd have to agree with what Baph is saying - the initial hit for daring to take the bike out of the dealers and ride it will tip the balance in favour of the second hand buyer a lot (hence gap insurance being available).
If you're paying a similar amount to what we're paying (I'm paying about the same for my K6), then you're probably only barely going to break even at best.
If you're paying a similar amount to what we're paying
Speak for yourself. :p Settled mine a long while back. :)
Dangerous Dave
04-10-08, 05:35 PM
Sorry I forgot to mention before... I bought the bike on finance and still have about 2 years and a half to go... :-( Which is why it'd help with the financial side of things a little bit. But I really do love my bike...
If you sell it won't pay off the finance bill in full.
metalmonkey
04-10-08, 09:19 PM
I would keep the bike, you wil take a quite a big hit if you sell now.
Also this time of year is bad for selling bikes, consdering most people have no idea what job they will be doing, many people are skit and saving fpr the worst. (I should be) So in all a really bad time to sell. the bad news is the cost of living is going up alot, so we all have to work harder:(
If your stuck forey your gonna have work extra hours have lost count at the amount of over I have done in the past weeks, I just know I'm really tied.
Besides when you get time to ride it will be worth it, it will make easier to get around for college, work ect. Keep the bike:smt026
Shellywoozle
04-10-08, 09:22 PM
Hi all,
I'm a dedicated SV rider
Woo hoo hello good on ya
I was wondering if anyone could give me their opinion on whether I should/shouldn't sell my bike... it's a SV650S K8.
Oh no so dedicated then LOL :smt026
Keep it.
Just think how cool you'll look when you turn up at college on a bike.
Sorry that's not helping:D
kwok1986
04-10-08, 10:29 PM
Thank you guys for the advice, and thanks for making it slightly light hearted and funny so it's easier for me to accept! :) And, yea I do love riding, and I DO look cool when I ride to uni on her. hehe. I'll definately give it more serious thought before I make a decision. Many thanks again to everyone for your time and effort in reading and replying to my post! :D
Shellywoozle
05-10-08, 01:15 PM
Kwok
Sorry for my post, it was not meant to offend it was the vodka talking. If you can keep it do so, I had a similar dilemma last year but for different reasons, mine is a K4. I kept her and I am so pleased I did. I don't get my moneys worth out of her and I am sure she could have a better home but the few times I do ride her are worth more than not having her, does that make sense ???
:)
kwok1986
05-10-08, 03:59 PM
Kwok
Sorry for my post, it was not meant to offend it was the vodka talking. If you can keep it do so, I had a similar dilemma last year but for different reasons, mine is a K4. I kept her and I am so pleased I did. I don't get my moneys worth out of her and I am sure she could have a better home but the few times I do ride her are worth more than not having her, does that make sense ???
:)
Heya, no offense taken and vodka is goooood lol ;) It's cool and I do love her. She's my baby and I will look after her the best I can. Still considerin at the moment tho. And yes, it makes perfect sense! :) Thank you for your input!!!
You are on a bikers forum so with all due respect you are not going to get impartial advice from people who love biking.
The question only you can answer is "can I afford to keep her". The depriaction is only going to get worse as time goes by so selling now would be more viable than say 6 months from now when you realise you can't afford the payments after all. You have got to also think about how much use you will get out of it over the winter months. If money is tight sell it now thus saving the payments, clear the finance and maybe take a small hit, but i doubt it and buy a good second hand one when the weather is better again in March. Uni is tough so don't let you heart rule your head.
You are on a bikers forum so with all due respect you are not going to get impartial advice from people who love biking.
Now see, I disagree with that. My sole reasoning for keeping the bike was financial, not emotional.
The depriaction is only going to get worse as time goes by so selling now would be more viable than say 6 months from now when you realise you can't afford the payments after all.
Again, I disagree.
The OP has stated that the bike isn't ridden much, so it will take depreciation for being second hand, but probably not for condition/mileage. For that reason alone, it will probably at least hold the value it has now.
Combined with colder months being worse times to sell bikes (most people go shopping for bikes in Spring), the bike will probably sell for more cash in a couple of months, than you would get now. Of course, this assumes a private sale, not a dealership.
If the bike is kept for a few months, more of the finance will be paid off, making it less pressure to sell the bike for £x later. Yes, the finance agreement will need paying until sale, but then, the owner will be getting some use from the bike during that time.
Basically, if you can't afford to keep it long term, keep it until spring, you'll get more money, and owe less on finance. If you keep it until spring, and realise you can afford to keep it, bonus.
fizzwheel
05-10-08, 05:15 PM
Basically, if you can't afford to keep it long term, keep it until spring, you'll get more money, and owe less on finance. If you keep it until spring, and realise you can afford to keep it, bonus.
Agreed, its the wrong time of year to sell a bike.
Baph Magic.
You reckon it'll make that much of a difference to be worthwhile waiting? (See my For Sale thread) If I can find somewhere safe to store mine while I'm up and down the country/Europe then I might try this.
You reckon it'll make that much of a difference to be worthwhile waiting? (See my For Sale thread) If I can find somewhere safe to store mine while I'm up and down the country/Europe then I might try this.
I haven't seen your sale thread (apologies), but selling privately? Well, Autumn vs Spring sales is probably worth a couple of hundred ££ easy.
Dealership sale? If you sell in later winter, the dealership will know he has a long Spring/Summer ahead to sell the bike, so will be willing to stretch a little more - for the right bike. Of course, if you choose to part-ex at a dealership, they'll be more willing to put their hand in their pocket.
I haven't seen your sale thread (apologies), but selling privately? Well, Autumn vs Spring sales is probably worth a couple of hundred ££ easy.
Dealership sale? If you sell in later winter, the dealership will know he has a long Spring/Summer ahead to sell the bike, so will be willing to stretch a little more - for the right bike. Of course, if you choose to part-ex at a dealership, they'll be more willing to put their hand in their pocket.
I getchya. Well, I'm having to sell as work is sending me all over the shop for the next 6-12 months, so will not be part-ex'ing :( but selling privately. I should imagine a dealer would give a pretty awful price...
Personally, I wouldn't have bought the bike on finance unless I fully intended to keep it for the duration of the finance agreement - maybe it's just me, but it seems the proper way to do things!
Selling it and then paying off the finance will mean you'll no doubt have a shortfall which will have to come out of your pocket! Money down the drain effectively!
If you can afford to keep it insured and going you may as well keep it.
I find it agony not being able to use her in the week :( I need to book a Monday off, or maybe get made redundant what with the pigeon crisis.
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