Nothing ticks me off more than taxes paid on a vehicle that has already had the taxes paid on it. I have yet to see any politician explain why this is even legal. If I buy something brand new, I've paid (in Michigan) 0.06% tax on it right out of the gate. Why when I sell it, does the next person also pay taxes on it? Makes zero sense, and is a total sham.
@@Steve-Kratz wouldn't that be considered a tax fraud? I've heard the IRS is very hawkish on this stuff and always hunts the little guy with easy targets.
Imagine paying taxes on a used motorcycle that has already been subject to taxes before. Feels good to be Norwegian. Here if a bike is listed as $6000 then you pay $6000 and a re-registration fee that is like $50-$60 and that is it.
@@ryanrogers8211 Depends on how much you earn. if you make $55,000 a year (average income in Norway) you take home about 75% of what you earn. You then spend that money however you want. Obviously there are taxes on profucts first time buying them, most things are taxed at 25%, but if you were to buy used then you don't pay any tax.
Sales tax depends on the state. Some states even charge excise tax if you're entitled enough to, I dunno, KEEP your vehicle. All because of greedy people with surnames like mine.
He did not discount it. He addressed it. 17k is more than 2.5k, but it's not alot. He also made the point that the older bike with 2.5k sat around alot...while the other bike was running more...
@@seriousandy6656 which is completely wrong. 17k is a lot of riding. Being ridden occasionally for a few years is no problem at all. This isn’t some bike that sat full of gas since 1970.
@@Tom-wp9ix yup, I've seen bikes that were 5-6 years old and only had 6 thousand miles on them. 17k miles means it did a lot of riding and no telling how many times that owner tromped on the throttle, rode the clutch etc. Me personally, I'd never buy a bike from a stranger that had over 3 thousand miles ..don't trust them/it
Crazy how different your buying experience is over there. In the UK, if you buy from a dealer, they will put a fresh MOT (roadworthy test basically) and a service if it’s anywhere near due.
It's ridiculous to add a trade in into the price of the dealership and not take into account of the amount of selling the trade in bike privately, then discounting that amount from the privately bought motorcycle in the same way the trade in value was discounted from the dealer price. What I'm saying is, sell that trade in bike privately (most likely for more money) then discount that from the privately bought bike and the privately bough bike is far less than the dealer or just minus the trade in from the dealer price so you are comparing apples to apples and you will probably see the private price is lower.
Keep in mind, this channel is in part sponsored by a dealership, Eurocycles... I'd expect, in the channels own interest, to favor dealerships in this comparison.
@@firefighter1c57 Yeah, lost alot of faith in Yam here with the clear pro-dealership bias. Wasn't expecting them to shit on dealerships but there's a bent here that's hard to ignore.
I just quit my job as a powersports salesman, I’ve been in the industry for years and I’m considering making videos to call dealerships out on all the bs that I feel so bad most customers don’t know about
Agreed. I walked into a dealer the other day to upgrade helmets….we walked out with a used CB500X with 4600 miles. Less than 4K. Taxes and license / registration all handled be the dealer. Easy Peasy Lemon Squeezy.
Firstly, I have to disagree about mileage not mattering. Every mile you put on you are one mile closer to needing that big service, your dealership bike in this case has seven times the mileage of the private bike. These two bikes are not an Apples to Apples comparison in my opinion. And it undermines your whole premise. As much as I love most of your content, I imagine that your channel gets some kickback from whatever dealerships you deal with and I think that should be disclosed. But I do agree that buying from a dealership is good in terms of them being a business who is interested in keeping their customers content, as you pointed out.
I went into a dealership for a possible trade and after walking around while they inspected my motorcycle, I noticed on their price tags of additional 200 dollar charge just to fill out the paper work.
exactly... you either want the dealer networks to exist or not and everybody complains about supply chain and lack of inventory LOL---- uh..... I bought my current general use bike at a good dealer and got it at a totally fair price OTD.
Seriously man...I don't understand how Honda only dealers survive on their slim margins. These manufacturers tell you exactly what they charge for freight for each model on their websites. I don't charge a dime over and people think I'm ripping them off....nope just trying to survive
Definitely a good review. Basically, do your homework. I ended up with a private seller simply because the dealership couldn't come up with what I was looking for, 1200 Sporty, but they did have a shiny new one [if I sold both my kids, a kidney and my left nut - Thanks Harley]. Definitely an as-is proposition for the used bike ('05). Bike is generally good except for the front lights where some hot-rodder installed some LED lights and butchered the wiring harness. Winter project .... Long and short, I still came out ahead. On the flip side, I bought my slightly used van from a dealer because it was way better deal than private. Not cheap, just better.
hey guys, bought a 1999 kawasaski concourse 1000 2 years ago,$2300 can,from a local dealer in nova scotia,they rebuilt the front calipers and i did a oil change and new front tire, riding trouble free since then,great used bike!
What I find interesting is that when I was looking for my bike, I ultimately decided to stop bothering with looking in Texas because the dealerships down there ALL have ridiculous prices on bikes. I saw a 2 year old Z400 with 7k miles on it listed for almost 7 grand! That's almost 2 grand over MSRP for a brand new one, lol. Every single bike I found at a dealership in TX was like that. Maybe not to that extreme, but they were all listed over new MSRP for used bikes.
Yeah but good luck walking out of the dealer paying MSRP alone. You have dealer fees like freight and packaging, etc. That's assuming you don't have to be put on a wait list during this supply crisis. Maybe the fed rate hikes will lower demand? Or maybe civilization collapses before that will happen? Who knows lol
Nice thumbnail, the Vulcan S is a damn good looking cruiser. I know the Vulcan Classic and such are bigger but I would like to see the Vulcan S styling’s with a 1000cc engine. I would pre-order today.
quick tip for buying used bikes, tires are the last thing you should check because you just replace them unlike engine parts and other parts costs a lot for quality parts
A Harley Davidson dealer sold me a used bike with a battery that I later discovered to be five years old. Buy new, have cash, don’t accept their first offer.
I really with they would just include everything in the cost of the motorcycle pricd, before taxes. Like everything else we buy. Not have some random number that you don't actually end up paying. Like don't think it makes sense to compare these used prices to msrp of a new when the new also included a bunch of other fees the used bikes will not. If everything were already included would be much easier to compare.
Yep. Destination Charge. Freight surcharge. That's funny, I don't see that on literally anything else I buy. Just put the price on the tag. I'd argue that you're losing customers over the fact that they know it's the "price" + unknown charges.
A lot of dealers in my area (not all) do include all the extra charges on their advertised prices. Only thing not in there is the tax, but that's an easy enough calculation to do.
@@Gofr5 yeah I ended up buying from a dealer that did that. In stores / email anyway. Tax was weird though. I thought would just be on the bike but all the fees were included in taxes too it seemed like.
I bought a service contract that coverd the usual stuff like oil/brake fulid/coolant changes, but also a valve adjustment on a 2011 Triumph Sprint 1050 GT. One oil change and a valve adjustment and I was already $200 ahead.
Yeah, I bought my bike from a private sale last August. I got a really good deal on it, but little did I know at the time, the major service was due in 1k. So that was an additional 800 bucks.
I bought my Sportster from a private seller, while dealers where $1500 more, and 3x miles+...I NEVER trust a used car/motorcycle dealership anyway, EVER. I have worked for too many of them to see the crap they pull.
This was very, good advice. I usually don't see eye to eye with Spite because IMHO he goes off a bit half baked and bias. BUT he is getting better as time goes by. And in this one he is absolutely right on. Very good stuff. Maybe use that prep fee to force them to do an oil and fluid change.
This video was absolute nonsense. What are you talking about. He’s comparing vastly different bikes. They should have done an honest review of scumbag dealers charging ridiculous fees.
Definitely feel like a complete outlier here since the bike I'm in the process of buying is a new Honda Navi. Msrp is 1800 but all the used Facebook marketplace listing are 2400-2800. I feel I was lucky to talk to a guy at a dealership over an hour away and put in a deposit on one they got coming, with them charging 2480 after all their stupid fees and taxes
agree 100% on the protections for buying from a dealer... test rode a 2006 Ninja 500 at a dealer... ran fine on their little dead end road they were on... doing pulls... idled great... started fine cold... something was up with the carbs though... when you really got some heat in it and tried to cruise for a while it wouldn't idle... wouldnt start unless choked then you couldn't give it any throttle (had to "idle" (choke fast idle) back to the dealer about 2 miles... TWICE)... so i discovered this when i paid and left to head home 2 hours... i walked in told the guy i wasn't taking it home and ended up leaving with a different bike (listed at about $400 more than the Ninja) for the same price and I was happy...
Dealerships here in Indiana are marked up on everything. They wanted $5,500 for a 2017 Honda rebel 300 with 3,400 miles and I got my 2012 Honda rebel 250 with 1600 miles for $2500. I'm sure I overpaid but this thing looks and rides like new
I get spooked when I see low mileage bikes. Gaskets need fluids pumping to stay lubed and fresh. That bike that sat for 9 months may be fixing to need fork seals soon. 5k miles per year seems a good average for what I expect when I look at a bike. Remember that 2.6k? How old is the oil? That's needing changed once a year regardless of miles, etc.
Yes, look at the array of motivations wherewith motorcycles are sold and let that be your overlay when reading ads. This will tell you a lot and might lead you to an exploration of the question, How do people lie? Also, when you make your purchase, right before you leave ask if there is one last piece of advise. Then, react to the advise very soon or consistantly. This is ego-bruising but a good tactic in happy riding.
When I was bike shopping, I noticed most used bikes were almost the same as a brand new one, (I was looking at bikes 5k-10k) So I bought a brand new one, figuring at least I knew no one abused it or damaged it in any way, I'm happy I did, I love my bike!!
You start learning as a Kid, riding a bike then a little older a small Motorcycle the controls and service. No Showing off. I was racing Moto-X as a kid and teen on a larger off road bike...
I've found seeking out dealers nationwide on cycletrader to be a good strategy when looking for bikes, new ones especially. The high volume dealers have substantial discounts. I recently purchased a Z900RS Cafe this way and the OTD price + shipping was $11,500. The MSRP for the bike is $12,200 + taxes/fees, close to $14,000...so ended up saving $2,500k+ Only downside is the cheopo shipping I used takes 3-5 weeks
Yeah, I would have LOVED to find that kind of deal on the Z400 I just bought. I had to drive 200 miles one way to pick it up and still ended up paying over MSRP. But I suppose that's as much because of the bike I bought, since there were like 10 new Z400s in the entire country, lol
@@silkmonkey I filtered the search for nationwide, make, model, trim and then sorted by price. The one I found was Southeast Motorsports in Milwaukee...flew out there for 200 roundtrip, signed the papers and out. The volume sellers have discounts periodically given to them by the manufacturer. I asked the sales manager and he said exactly that. They're the 6th largest volume seller in the US for Kawasaki. Good luck!
@@FlesHBoX I think they had 200 off on the Z400, wouldn't be worth it Yeah man, originally wanted the xsr 900, only found 3 dealers nationwide having actual stock smh
Were I live, the midwest, buyers make you ridiculous low offers and then go pay too much at a dealer. All the local dealers have a bunch of add on fees. One dealer charges extra if you don't finance it thru them. Pay cash pay extra. BS! Document fees? I used to be a car dealer. I can fill out my own papers in 5 minutes. More BS fees.
Dealer ships offer financing. I know you can get financing for a private seller but most folks will pay more to get it all in the same place. People pay for convenience.
Another point for dealerships is they'll give you extras if you twist their arms. I have gotten a free helmet every time I've bought a bike from a dealer and a few times I got a jacket and gloves at no extra cost to me.
Spite!!! Thank you for letting me/us know that Rokform released a vibration dampener!!! Just finished checking out to get mine for my V1 Handlebar mount!
Due to pandemic and shortages.. used cars and bikes have jumped 40% or so.. this is the reason why used bikes cost more than MSRP. You either pay crazy used prices or wait 6+ months or more for a bike if you order it unless you can find floor stock.
Best way to buy something is getting pre-approved. Walk in with a check from the bank of choice. Tell the dealer I want the bike for this price out the door. Most of the time they’ll go for it. Bought several vehicles and bikes like this. Never spent more than an hour inside the dealer.
This is heavily dependent on the bike. I just bought a '22 Z400 and of the roughly 10 available in the country, not a single one would budge on the price. I picked probably the worst time to get a new bike, lol.
@@jq3822 depends on the bikes price. If it’s 5000 bucks you’re paying a lot more of a percent than say if the bike was 20k. But 200 dollars shouldn’t be a make it or break it point
Just bought a 2018 xsr900 with 2,800mi from a private party seller for $8750. Dealers around San Diego are asking $1-3k more msrp+ markups etc. for similar bikes often times with 10-15k miles 😳
In my personal case I do own gear. But If I were to buy a first new bike I would also add to the budget how much am I gonna spend in gear. Also I would add how much is gonna go away in insurance, as some bike models are more expensive than others. So instead of saving in just the bike, sometimes you can save in the insurance on the long run, depending on which bike you decide to take home with you.
I bought a used 2013 Kawasaki Ninja 300 for my first bike from a private seller for $3,000 and ended up needing over $1,000 worth of repairs to get it to pass inspection.
I put a (refundable, because I've never seen one in real life) deposit down on a Honda NC750x DCT last month, still waiting for one to arrive at the dealership. MSRP is $9299. Out the door price is over $11,800. I was told every month the shipping fee goes up by another $100. The only used one I found locally was sold the day before I called.
The supply chain is tight and demand is high, but to keep tacking on for the freight is just foul. Honda's website will tell you exactly what they charge the dealer in freight for each bike.
Private sale was 1k more base price, how are you comparing the end price? You should be comparing % increase from base price to the end price. You should discount the service you'll do after as it has no relation to the choice of private seller or dealership and is done either way you go. This is the actual conclusion for this scenario. Private: +$471 (+7.85%) Dealer: +$613.75 (+12.5%) But in reality the conclusion is much easier: Whatever fees you pay in a private sale are dictated by the government and you will pay them whether you buy private or from a dealer, dealerships on the other hand have fees that you won't need to pay in a private sale, so for an identical bike with an identical price you'll pay more at a dealership.
It doesn't matter what someone did or didn't do as far as service. the cost of trusting that is way too high from a dealer or private. ...Unless you get a klr, because then you are adding fresh oil every week anyways :)
Heck a new motorcycle on the floor.....add 2k to advertised price for out the door price at all the dealers around me.....for tax, dealer prep, document fees, registration......etc...etc....etc.....when I was shopping that's what I found...
Where you buy it isn't so realavent. It is the reselling part you will always have the issue with. The new bike is the biggest depreeceation loss. The 2nd owner is the best buy. But we rarely get what we put in back. But it is worth it for the fun had.
Have my 2014 Harley Heritage Softail up on Facebook Marketplace. Put up 10 Pics and a very detailed description 👌 Lots of Info definitely helps the Buyer make an informed decision. Thanks for the Interesting Upload Spite, hope the head clears soon. Regards from Brad in South Africa 🤘
I work at a Honda dealership in Vancouver, BC and we always replace all the fluids on any used bike we bring in. We also replace the tires if they're more than 5 years old or have uneven wear. Clearly the dealerships there don't stand behind their products like they should...
I just bought a 2022 KTM Adventure R last Saturday. The dealership was charging for freight $1,700 and for prep fee of $1,600. Now I call that a rip off of the customers.
A dealer Honda dealer had a $1600 mini bike. I think maybe I'll get that for my kid. Tax and set up was $1200. $2800! definitely a rip off. To a dealer they aren't happy unless they make $3000 on a $10,000 dollar bike. You go to trade it in and they blame you for being upside-down.
Hey, if y'all are from Texas, how come y'all don't sound Southern, bless your hearts, and remember the Alamo! Y'all want to know what our licensing fees are here in NZ for motorcycles? $519.87 p.a. over 601cc's. That's in NZ pesos. Happy biking y'all. Have to agree with you. Some private owners expect dealership prices, and in New Zealand, it pays to do a vehicle check (ka'ching!) to make sure there is no money owing, that the mileage is accurate and that it wasn't imported from Australia after being flooded in their most recent floods. Pardon my accent, y'all, but New Zealand's even more South than the South. Bless your hearts, y'all. Now it's time for a nice hot cup of tea!
Your dealer fees in Texas are mild. I bought a 2012 Ninja 650 at a Harley Davidson dealer in CA. It was listed for 4,000 (about blue book value). Which was fine and I figured it would be about 500 in a taxes and fees. Right when I was getting ready to sign the papers, surprise! 1,200 service fee (they didn't service it), 400 dollar freight fee, then the sales tax and registrations fees. Like 2,000 dollars in fees (and I won't even say the interest rate)! Unfortunately I had tunnel vision and signed the papers, but fortunately it got stolen and my insurance company paid it off lol. It just pisses me off because I had only been riding for like a month and they knew I was naive and inexperienced. Granted I shouldn't have been impulsive about it, but in my opinion businesses should succeed because they try to give people a good experience at a reasonable price, not squeeze people for all the money they can get out of them. lesson learned, I bought a ZX-6 from a private seller and that has been a good experience; my advice if you're going to go to a dealer ask what the out the door price is before you get all starry eyed about some shiny looking bike and asking if you qualify (if financing). The whole trying to qualify thing and being too desperate to get the bike puts the dealer in a position of power so they can act like they're doing you a favor by helping you "qualify" for a lousy deal.
Allow me to make a comparison on recent purchases/quotes from a couple of different dealers. Priced a Can Am Renegade 570 at Ridenow in Concord, NC. MSRP on that is 13,400. Out-the-door price? 18,800!! Also, same dealer, the year before...KLX300R msrp of 5,900 with OTD at over 9k. Ridiculous! Last month, purchased an MV Agusta from a dealer in CA. They had listed the bike at 22k, got it for 19k OTD. Much better. Maybe some dealers out there limit their fees to be fair and tolerable. But some will absolutely rip you off. I feel bad for people who do not know any better.
NEVER pay setup or dealer prep fees when buying a new Harley. Harley Dealerships get 100% reimbursed for all setup or dealer prep fees by Corporate Harley Davidson. Don't let them charge you for something they are being paid for. It's listed as Disclaimer #6 on the Harley website. "Harley-Davidson reimburses dealers for performing manufacturer-specified pre-delivery inspection and setup tasks."
The other thing to consider are manufacturer rebates. I bought my bike as new old stock, and got $1500 off the list price. Ended up being cheaper to buy brand new instead of used.
best beginner bike is an old, CB250. reliability can also be spelt, H-O-N-D-A, as long as it has been well maintained! BTW. every bike dealership i have ever been to in Australia, has at least done a fluids change and done a full registration inspection as soon as the bikes come in. even if it's only a $1000. we are also protected by the "lemon law". this means if you are riding home from buying it and it shits itself you get a refund. you also just pay the price agreed upon with the sales person. all these different tax layers in the USA is F$%king crazy!!!!
Idk bout motorcycles but with cars in Kentucky when buying used you pay taxes on the sale price listed on the title. On my f150 i paid taxes on like 300 dollars. Thats also the taxes i pay annually
Spike, great video with terrific analysis. I think you have to compare "apples to apples" as best as you can. I just bought a 2017 Suzuki Boulevard from a private sale for 3000.00 with 512 miles on it, while my local dealer wanted 4900 for similar bike with 15,000 miles. But as you said, you must do your homework and sometimes you get lucky (not typical). Keep up the great content. Love the videos. You and Yammie rock!
I was recently looking for a Honda ADV-150 just for a fun little around the town thing. Brand new price was $4,200 at dealer. I called 5 different dealers to find out the door pricing as they were all a couple hour drive from me. They ALL wanted between $6,200-$6,600 for it. That's 50% of the bikes value in fees and crap. Taxes/Doc/freight were about $800. Almost all the dealers were charging a $300 dealer fee and $900+ prep fee ON A SCOOTER. One dealer told me they only made about $300 overhead on these. Dude...you JUST told me that you are charging me $1,200 in DEALER fees. That's also not considering they are selling bike for MSRP and not the invoice price they paid for it. Complete rip off.
Funny story: TX DMV demanded a dealer certified assessment which actually came in lower than the price I paid in a private sale. This was for determining the amount of taxes I would pay. Since no good can come from arguing with and pissing off DMV employees I simply agreed to pay taxes on the higher value (what I paid). Woman later admitted that her husband owned exact same make/model bike. I think she felt bike was really worth a lot more and asking for assessment was her prerogative. I think she was surprised that assessed value was actually $500 less than I admitted to paying. Anyway, I got the title.
I love you guys but disagree on a ton of points that have been said. The spv value is not used in ever state. Most dealers that are decently legitimate do change fluids, do full safety inspections, as well as look as what cost they have putting time/parts into them before listing them. Prepaid maintenance plans are typically very good and save you a ton of money in the long run as long as you go with one that doesn’t have a limit on how many times you can maintenance it. Not trying to say it is always cheaper and I agree with the ending of this video, but I would trust a dealer that can back up what has been done as opposed to some random guy saying I did the service 2 days ago. I have worked at several different dealers… yes some dont go about things the right way but In general, but most are trying to run a real business. Yes dealers have to make money but when they get these bikes, they purposely get them for a thousand to two thousand under what they will be able to sell them for to account for service etc. i honestly don’t even like the dealer I work at but from here on out I would never purchase private and always from a dealer. I bought an fz07 private and had the motor blow up after 1000 miles on it from not being maintained from the previous over. It cost me 5000 out of pocket. Do your research, but when u buy from marketplace, there is no one to go to go complain about what u just spent your hard earned money on. When you buy from a dealer. There is always a service department you can go to with problems you have right off the bat. Stay safe out there. Know what the hell your buying and what has been done to it in the past. :)
Your not comparing apples to apples. In your example the dealer bike was a lower cost starting out. If you got a bike that's five grand from a person and 5 grand from a dealer, the dealer will always be more. Taxes are the same regardless ... registration is lower with a private sale because it is the actual cost. Then dealers have all the doc, prep Yada Yada Yada. On it.
Don Pruett again: I might ad that there are 11 Harley-Davidson Dealerships in Arizona. All but two of them are owned by the same Corporation entity. Sounds like a stacked deck. Might seek out the two private dealers to talk to before I go out of state.
I don't know how things are in the US, but when I bought a used bike in the UK I got a basic level warranty (6 months if I recall correctly), and for not much extra (and it was worth it) I paid n for an extra 1 yr (so 1.5 yrs total), this was on a 13 year old machine. Also they had to make certain it is road worthy before I collected it, so they gave it new breaks and new tyres (the existing ones were legal, but would not have lasted long... and yes tyres, they were purchased in the UK, and that is how you spell it here) - Full service (with book stamp) and an MOT certificate (which is required to ride your bike and certifies your bike is currently safe to ride and notifies you of things that will need attention in the near future, my bike had no warnings....this is an annual test)
@Zealadinn Nope, I went in to my dealership, said I was having electrical problems... it did take time for them to work out what was wrong over several visits as it was intermittent and just wasn't showing up when they had it, but replaced battery, stator and starter motor and even gave me a free loaner while they had it in for a long term test. (which wasn't something they had to do under the terms of the warranty)
That is what a dealership is there for...to rip off the customer. To be honest as someone who has been buying vehicles from dealers. Avoid them at all costs
what I have always hated is expression of the sort: new one is $7500. No it's not, you are not walking into any dealership with $7500 and walking out with that brand new motorcycle. They will add dealer fees, registration fees, freight fees, tax etc. and you will end up paying close to $9K out the door. On the other hand, you go to a private seller with what it says on the listing and you pay the price listed... TLDR. MSRP doesn't mean that is what you are paying for the bike at the dealer, stop acting like it is.
Yes it’s ridiculous. A 2022 KTM 390 duke new $5700 out the door $8100. Wtf! I’m buying a 2016 Kawasaki z800 for $5100 with 3000 miles. Buying new wasn’t for me.
