What is a good asking price for a 2007 gs500f. It has 7,000 hwy miles with aftermarket signals, gel grips,tank pad, led turn signals front and rear, k&n air filter. Bike has been well taken care of. I dont know if it matters but i live in northern California. Any suggestions would be greatly appreciated.
different values different locales. that aside, check the local CL, and or a KBB or such to get an idea. the cl should cover your town, and towns/counties, and if applicable, into nearby states . to get a general idea
Quote from: jsmit on November 26, 2008, 01:45:45 AM
What is a good asking price for a 2007 gs500f. It has 7,000 hwy miles with aftermarket signals, gel grips,tank pad, led turn signals front and rear, k&n air filter. Bike has been well taken care of. I dont know if it matters but i live in northern California. Any suggestions would be greatly appreciated.
since the gs hasn't changed in in 20 years, forget about the year stamped on it. sure, the carbs have changed a little, but very very little else.
go by the miles on the machine, the condition of the tires, chain, oil, etc and whether it seems like the owner has abused it. no abuse = better price. frame sliders and "I BRAKE FOR FAT CHICKS" on the side = lower price. ;)
stock = more money
dropped = less money
dropped with piss poor repairs by a school yard full of monkeys = walk away
oh... you wanted an idea of price, right ? I'd say a gs with 7,000 miles in excellent condition would be worth $1900-2600 depending on service records and lack of rust. :)
no title means it's worth it's weight in scrap prices.
I agree (mostly) with the above posts. The best thing to do is monitor Craigslist and ebay ads to see what GS500s sell for in your area. Living in North California, I think bikes sell for higher than in other parts of the country?
I disagree with ohgood that age does not affect price. All else being equal, a newer vehicle will almost always sell for more than its older equivalent.
As a reference, the Kelley Blue Book (click for link) (http://www.kbb.com/kbb/OtherVehicles/PricingReport.aspx?VehicleId=175528&VehicleClass=Motorcycle&PriceType=Retail&ManufacturerId=48&YearId=2007) value of your bike is $3775. This represents the typical value of the bike in mint condition. Start with this number and adjust according to the factors that ohgood and yama listed (mileage, location, comparison with other classified ads, monkeys, etc.)
As a further reference, Starwalt has compiled a reference page where he tracked ebay prices of the GS500: http://www.vtxstar.com/GSpopcount.htm
The 2007 sold value in this reference was $3,600 (over 95 auctions)
You should definitely ask for more than $3,000. Maybe $3500? $3600? I don't think it will be hard selling it at that price.
For whatever it's worth:
I bought my, bone stock, 2007 GS500F, with 1100 miles for $3800 here, in NJ.
After taxes and the ghey, used bike dealer fee, I was out the door for $4,100.
Well , everybody is selling bikes soooo cheap right now here in las vegas, but I couldn't imagine getting more than 2k for my 05 with 15k miles.
Id ask 3grand, since there are many other very nice bikes for sale right now for DIRT CHEAP. Thats just my area though.