Dealer trade-in offer for 1 year old SV

I bought a brand new SV650S last March. This year I'm getting a K8 Gixer in March. I've been offered £2700 for the SV. I've clocked up 11000 miles, but apart from that the bikes okay (bodywork etc in good condition and regularly serviced etc.) I have modified the bike somewhat (but I'll return it to standard.) Mods are things like heated grips, undertay, tail tidy etc. I feel disapppointed by the amount of depreciation. What do you folks think?

[Biker Biggles]

Thats the price of buying new.Unless you keep a new bike for a good few years you will always lose out heavily.Why not keep it another year,or buy your next bike used so you can take advantage of someone elses loss?

get a 6month old gixer that someone else has run in, this will help soften the blow.

[glade]

Same happened with mine, gutting really.

I bet you can get a new sv650s for 4k now, and the dealer needs to make a profit on your bike so the prices of 2nd hand bikes are getting pushed down.

I've decided to hang on to the bike to get my moneys worth. I can't afford to trade up to anything other than a bike 5 years older, and I don't fancy that.

Fortunately the SV is pretty competent and I still have a lot to learn from it. Might need suspension upgrades though.

That's not bad. My dealer offered me ?3000 on a six month old cruiser that cost ?5,500.

I ended up selling privately then got my sv for ?4 OTR with 0% finance.

[glade]

Oh, and once we've got our own place the mrs says I can start building a kit car...
That'll take a while, but something In the garage with an R1 engine should satisfy the thirst!

[SoulKiss]

My 18 month okd K6 650S with 12k on the clock.

Getting ?3275 for it as an insurance write-off.

Add the GAP insurance and I am getting book value back :P

Originally Posted by SoulKiss

My 18 month okd K6 650S with 12k on the clock.

Getting ?3275 for it as an insurance write-off.

Add the GAP insurance and I am getting book value back :P

Wow...that is good!

He's telling you he doesn't want it. Stick it in the for sale section and don't take a penny less than 3,250.

Partly it's the miles on the clock that makes a difference. Allegedly the average milage for a bike is about 4K per year. I did 10K in 7 months on my SV although the price I paid for it was good but still lost a fair bit. It's the price we pay for the fun of bikes I'm afraid.