Trade in value on GT 200?
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Ossessionato
None! I sold it :(
Joined: 01 Nov 2005
Posts: 3247
Location: Burlington NC
Sat Apr 01, 2006 3:11 pm quote
So I went to a different dealer (from where I bought Gt) today to look at the GTS. Rode my GT so he (dealer) could look at it. Now I ride alot, 5500 miles on an 05, with topcase and windshield. Told the dealer I was looking to move up. He comes out, "glances" at the GT and comes back with $1200.00 to trade That little in less than a year? I ask him about it he is like yea best I can do.
Now needless to say I rode the GT home. Is this guy " On drugs" or is this a reasonable trade? I say on drugs.
I guess if I want the GTS I will have to sell outright? I wonder if I could get 3500? What say the MV folks? Move up and owe or just keep riding the paid for GT? Thanks, Beale.
Veni, Vidi, Posti
Yamaha Vstar classic 650 'Yamama' (Currently waspless but don't count me out!)
Joined: 06 Feb 2006
Posts: 6733
Location: Maple Grove, MN
Sat Apr 01, 2006 3:21 pm quote
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&rd=1,1&item=4627202749&sspagename=STRK%3AMEWA%3AIT
2005, Very low mileage but dinged up. 4 days left, $3000 and 2 bids. Top case but no windscreen.

My guess is that you took care of your baby over those miles.

You can do better! I might think twice about the dealer also (?)
Ossessionato
01 ET2 - 01 ET4 -- 05 GT200L / 05 PX150 / 1986? Honda CH150 Deluxe.
Joined: 27 Nov 2005
Posts: 3000
Location: SoCal OC
Sat Apr 01, 2006 4:01 pm quote
I just sold one of my 05 GT's for $4,500. It only has 31.5 miles on it and I bought it almost 2 years ago. You should be able to get alot more then $1,200 for it !
Ossessionato
GTS, LX, VSD, VSX, VNX, LD 125, Chucky, LI125
Joined: 21 Oct 2005
Posts: 4179
Location: San Jose CA
Sat Apr 01, 2006 6:13 pm quote
Quote:
Is this guy " On drugs"
Yes, and good ones......

Put it on Craigs list, or eBay.

As the weather improves demand will rise.

R
Ossessionato
None! I sold it :(
Joined: 01 Nov 2005
Posts: 3247
Location: Burlington NC
Sat Apr 01, 2006 6:29 pm quote
glasseye wrote:
Quote:
Is this guy " On drugs"
Yes, and good ones......

Put it on Craigs list, or eBay.

As the weather improves demand will rise.

R
That is exactly what I plan to do. Could you suggest a starting price? I know you just sold yours. Here in NC the Vespa is not quite the high demand of Ca. I was thinking $4000.00 would that be too cheap to start out? Thanks in advance, Beale.
Ossessionato
GTS, LX, VSD, VSX, VNX, LD 125, Chucky, LI125
Joined: 21 Oct 2005
Posts: 4179
Location: San Jose CA
Sat Apr 01, 2006 7:40 pm quote
I would bump it up to say 4500$ and ask for a 'best offer'.

These bikes run for a long time, 5500 miles is just broken in really. If you have not dropped the bike, 4500$ is a fair place to start.

Rich
Ossessionato
2012 BMW G650GS, 2006 GTS,
Joined: 15 Jan 2006
Posts: 2089
Location: Snohomish County, WA
Sat Apr 01, 2006 9:15 pm quote
Damn!

Tell him you'll take the $1200 trade in value and a back of that stuff he is smoking!!! It must be real good if he comes up with a lowball price like that!
Veni, Vidi, Posti
Yamaha Vstar classic 650 'Yamama' (Currently waspless but don't count me out!)
Joined: 06 Feb 2006
Posts: 6733
Location: Maple Grove, MN
Sat Apr 01, 2006 9:45 pm quote
On second thought... Yeah, $1200 sounds really good... Why don't I do you a little favor... I'll give you $1205 for it!

Yeah, that's the ticket!
Hooked
'06 GTS, '06 GT, '79 P200, '80 Sport 100
Joined: 14 Nov 2005
Posts: 290
Location: Ellicott City, MD
Sat Apr 01, 2006 9:46 pm quote
Re: Trade in value on GT 200?
Beale wrote:
So I went to a different dealer (from where I bought Gt) today to look at the GTS. Rode my GT so he (dealer) could look at it. Now I ride alot, 5500 miles on an 05, with topcase and windshield. Told the dealer I was looking to move up. He comes out, "glances" at the GT and comes back with $1200.00 to trade That little in less than a year? I ask him about it he is like yea best I can do.
That's just wrong. WRONG.

Soon I am going to sell my 2005 GT, vintage green, about 6,500 miles, topcase, 1 year left on warranty, garaged, never dropped, and I'm thinking $4,000. All dealer servicing with new belt/rollers recently... I'm just waiting for the right time and to get one more final service done on it. After paying $2.76/gallon, and the lovely weather we're getting now, I'm hoping it will sell without too much trouble.

Good luck,

Karen
Ossessionato
Joined: 24 Oct 2005
Posts: 2666
Location: Brookfield, WI
Sun Apr 02, 2006 8:10 am quote
That's a kick in the danglies, Beale. I got $1850 for my '03 ET, two months ago when I traded in for my GTS.

Take your business elsewhere. He doesn't deserve yours.
Ossessionato
Joined: 17 Oct 2005
Posts: 3220
Location: The Happiest Place on Earth
Sun Apr 02, 2006 8:25 pm quote
Wow, if you get desperate on that $1200 for a GT, I would buy it. Hell, I saw a totalled GT on scoot.net that the owner wanted $1500 for. Just as with cars, trade in is usually a hose down. Do a private party sale and don't let your dealer make more on selling your used bike than he did selling it to you new.
Hooked
Joined: 11 Nov 2005
Posts: 447

Mon Apr 03, 2006 5:03 am quote
I was offered $3000 in trade for a 2004 GT with 2800 miles. I thought this was a pretty fair offer for a wholesale deal. I'm not in a big hurry so I've decided to sell it myself and see if I can get $4000.
Ossessionato
Many
Joined: 28 Oct 2005
Posts: 3325

Mon Apr 03, 2006 7:52 am quote
Maybe he meant $1200 + your scooter for a GTS?
Hooked
GT200
Joined: 08 Nov 2005
Posts: 130
Location: Florida
Mon Apr 03, 2006 1:25 pm quote
This is another fine example of why I have a problem with the whole vespa boutique thing. Too much overhead and the inherent need to rip off the masses, to make bigger profits. Not all of us are yuppie scum with money to burn. 1200 for an 05 that has been cared for with accesories is robbery! The accesories must have cost you almost $500. yes, trade in is always lower than you can sell outright, but a reasonable trade-in would be $3000-3500. Then the dealer tunes it up, cleans it up a bit and sells it for $4000-4500 making plenty of profit. Does anyone know if there is a bluebook for scooters? probably not. I would sell your scoot yourself to a private party, you could move it in a couple days for over double what the dealer offered.
Ossessionato
GTS, LX, VSD, VSX, VNX, LD 125, Chucky, LI125
Joined: 21 Oct 2005
Posts: 4179
Location: San Jose CA
Hooked
04 GT200, 58 VNA, 74 Rally 200, 06 Bonneville T100
Joined: 07 Jan 2006
Posts: 183
Location: Seattle
Mon Apr 03, 2006 9:10 pm quote
You are always better off selling the old vehicle yourself, more hassle but more money. Trade-in is a convenience thing for people who really don't want to deal with the tire-kicking public coming to their home to waste their time.

The dealers would rather sell new scooters than used ones. They can't give you full price, or they can't turn it around for the profit their floorspace is worth. No car dealer gives you half what your trade-in is worth for the same reason. They are a business, not a non-profit.
Hooked
05 Vespa GT200 & 02 Honda Reflex
Joined: 14 Dec 2005
Posts: 315
Location: Richardson, Texas
Mon Apr 03, 2006 9:21 pm quote
Bzzz wrote:
I was offered $3000 in trade for a 2004 GT with 2800 miles. I thought this was a pretty fair offer for a wholesale deal. I'm not in a big hurry so I've decided to sell it myself and see if I can get $4000.
I bought my 05 GT with 89 miles on it from an individual in November of 04 for $4500 with top case and thought I got a good deal since I avoided paying the dealer frieght and setup charges. I would only do a trade-in if the dealer I was buying the new scooter from gave me a decent deal because then the final price you pay sales tax on is lower.

I was selling my 04 ET4 last October and to get a good price I went to the local dealer and he made me a nice offer, $2250 (and it had $1000 worth of damage on it). My dealer LOVES used Vespas because it gives customers who don't want to fork over $4000-5500 a chance to still own a Vespa and the dealer knows he'll get service and possibly accessories business.

I would think my GT with top case and windscreen is worth about $4000 now. It has about 2K miles on it, no scratches. Of course, you could always sell your windscreen and top case separately. They sell pretty easily and well depending on their condition and color popularity for the top case.

You usually lose money when you buy and sell scooters. We've had 5 scooters over the past 5 years and ended up with the two biggest ones. It's easier keeping up with maintenance, registration and inspections that way.

Lisa
Enthusiast
2005 Steel Grey GT200L
Joined: 07 Nov 2005
Posts: 54
Location: Los Angeles, CA
Tue Apr 04, 2006 1:38 am quote
trade in value for GT
Beale,

I've been reading your post and after thinking about it, I have to conclude that the dealer meant "$1200 plus your GT and you've got a deal." In your post you even wrote "1200 to trade" which I interpret as 1200 dollars to trade this GT for a GTS. To think of it the other way around is to imply that this dealer can look you in the eye and offer you just over 25 percent of the scooter's value. If that is in fact the case, he should be slapped accordingly and banished from the kingdom of vespa. It is so far beyond low-balling that it seems impossible to be an offer to buy your scooter. At least from a person like that who is a professional in the scooter business and knows the value. Just my thoughts, anyway.

Regards,

FireLeo
2005 GT 200
Member
GT200
Joined: 22 Dec 2005
Posts: 12
Location: Atlanta, GA
Tue Apr 04, 2006 5:34 am quote
Right to refuse
Not to justify the dealer's quote, but I actually find it funny that you guys are reacting the way that you are. You slam the boutique, but Beale didn't even mention whether it was one or a new BMW dealer.

The fact that the dealer offered so little shouldn't be upsetting to anyone. It is what they are willing to invest in your bike at that time. If you think that it is worth more, (which in this case it certainly is) kindly decline the offer and sell it somewhere else. To feel unjustly treated because you didn't get a quote that you expected/wanted implies that it is the dealer's responsibility to buy your bike back.
Veni, Vidi, Posti
Yamaha Vstar classic 650 'Yamama' (Currently waspless but don't count me out!)
Joined: 06 Feb 2006
Posts: 6733
Location: Maple Grove, MN
Tue Apr 04, 2006 5:40 am quote
I was just thinking... every car I've ever owned I ran into the ground then gave it away to someone or organization. When I decide to upgrade, this will probably be my first ever trade in!

If I run my GT into old age retirement are there organizations that will take it? (you know some vocational institutes that train people to fix vehicles etc) Or, maybe, by the time I'm done with it... a 2004 GT will be considered "vintage" and I can con someone into paying real money for it!
Hooked
GT200
Joined: 08 Nov 2005
Posts: 130
Location: Florida
Tue Apr 04, 2006 7:09 am quote
my problem with the boutiques has very little to do with trade-in. Everything is over-priced, from service to parts. And another sad thing is that some of them have poor quality service and meachanics that are not trained properly. Take my advice and stay away from them unless you don't mind spending 900.00 for a tire change and 150.00 for an oil change. Ok, I will get off my soap box. I know they are just trying to make money and have no obligations, but what happened to good ethics and reliable service. So if the kelly blue book says 3000.00 is a fair trade in, where did the 1200 come from? I say a dealer should offer a honest trade value or not buy used vehicles at all.
Ossessionato
Joined: 17 Oct 2005
Posts: 3220
Location: The Happiest Place on Earth
Tue Apr 04, 2006 10:18 am quote
lomunchi wrote:
I was just thinking... every car I've ever owned I ran into the ground then gave it away to someone or organization. When I decide to upgrade, this will probably be my first ever trade in!

If I run my GT into old age retirement are there organizations that will take it? (you know some vocational institutes that train people to fix vehicles etc) Or, maybe, by the time I'm done with it... a 2004 GT will be considered "vintage" and I can con someone into paying real money for it!
That's very admirable. Some organizations will take motorcycles as well, which I assume means scooters too.
Ossessionato
None! I sold it :(
Joined: 01 Nov 2005
Posts: 3247
Location: Burlington NC
Tue Apr 04, 2006 11:01 am quote
Re: Right to refuse
CPTT wrote:
Not to justify the dealer's quote, but I actually find it funny that you guys are reacting the way that you are. You slam the boutique, but Beale didn't even mention whether it was one or a new BMW dealer.

The fact that the dealer offered so little shouldn't be upsetting to anyone. It is what they are willing to invest in your bike at that time. If you think that it is worth more, (which in this case it certainly is) kindly decline the offer and sell it somewhere else. To feel unjustly treated because you didn't get a quote that you expected/wanted implies that it is the dealer's responsibility to buy your bike back.
It was a BMW dealer. Sorry about that. I just listed the bike on Craigslist, scootnet, and another site. If it sells fine, if not I just keep riding it and enjoy, Beale.
Hooked
05 Vespa GT200 & 02 Honda Reflex
Joined: 14 Dec 2005
Posts: 315
Location: Richardson, Texas
Tue Apr 04, 2006 12:11 pm quote
Did we ever figure out if the dealer Beale went to actually meant $1200 plus your GT for the GTS? Wouldn't that be a fair trade?? (Minus the top case and your other accessories, that is.)

Lisa
Ossessionato
None! I sold it :(
Joined: 01 Nov 2005
Posts: 3247
Location: Burlington NC
Tue Apr 04, 2006 1:38 pm quote
LisaEsca wrote:
Did we ever figure out if the dealer Beale went to actually meant $1200 plus your GT for the GTS? Wouldn't that be a fair trade?? (Minus the top case and your other accessories, that is.)

Lisa
Lisa I really do not think the dealer ment it that way. Here is my reason for that. The dealer after offering me the $1200 offered to sell the bike on consignment. Said that way more people will see it and it will sell faster than you selling it from your home. He "suggested" a consignment price of $3000 to me with the deal maker being that I buy the GTS from him. I think when I go to the original dealer I bought from I will talk to him. Heck I may even look at the BV500. I know I want more speed and power why not just get this bike?

Even if all of this does not work I still have the GT, and it is paid for, and fun, Beale.
Hooked
GT200
Joined: 08 Nov 2005
Posts: 130
Location: Florida
Wed Apr 05, 2006 6:00 am quote
Stick with the GTS 250, THe BV500 is fast but you lose the classic styling. Also several members of my scooter club have maxi-scooters like the BV and they just don't maneuver as well as the Vespas. Do you really need to go over 75 MPH on a scooter? If you do mostly interstate cruising, maybe the BV is right for you. I have considered selling my GT200 several times to get a GTS250, but for now I am enjoying my GT200 and it is just too new. I would take a considerable loss if I sold it now. In 5 years, bring on the GTS or the newest Vespa craze.
Veni, Vidi, Posti
Yamaha Vstar classic 650 'Yamama' (Currently waspless but don't count me out!)
Joined: 06 Feb 2006
Posts: 6733
Location: Maple Grove, MN
Thu Apr 06, 2006 11:07 am quote
lomunchi wrote:
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&rd=1,1&item=4627202749&sspagename=STRK%3AMEWA%3AIT
2005, Very low mileage but dinged up. 4 days left, $3000 and 2 bids. Top case but no windscreen.
FYI, this scooter sold for $3859 on e-bay, even with scrapes and dents!
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