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fair price for gs500e?

Started by mvukin, December 09, 2008, 06:04:20 PM

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mvukin

I'm looking for a used GS500E.  There are two available locally and I think they're priced a bit high ... both seem to be in at least average condition with no huge cosmetic issues and functioning fine with regular maintenance.

1) 1997 blue - $3000, comes with a fairing
2) 2001 black - $2750, new back tire

Kelly Blue Book has these around $1800 and NADA is about the same.  Thoughts?  Would I be paying too much for these?

Thanks - this looks to be an awesome site!

jrains89

for the 1997 that's wayyyy too high. if the 2001 has like 5 miles on it and is in perfect condition id say thats fair.
2004 GS500F

mvukin

oh yea - the '97 has 9k on it and the '01 has about the same.  What would you guess is a fair price to offer?  Are NADA and KBB accurate?  (FWIW, I'm in a fairly large metro area)

fred

Quote from: mvukin on December 09, 2008, 06:40:49 PM
oh yea - the '97 has 9k on it and the '01 has about the same.  What would you guess is a fair price to offer?  Are NADA and KBB accurate?  (FWIW, I'm in a fairly large metro area)

I wouldn't offer any more than KBB. I got my '94 for $1000. It had 82,000 miles on it when it got it, but it runs fine...

Toogoofy317

I got my '04 in mint condition with 5000 for 2800.

Dob't think an "F" would be less than an "e"

Mary
2004 F, Fenderectomy, barends, gsxr-pegs, pro grip gel covers, 15th JT sprocket, stock decals gone,custom chain guard,GSXR integrated mirrors, flush mount signals, 150 rear tire,white rims, rebuilt top end, V&H Exhaust, Custom heel and chain guard (Adidasguy)

jroymcd

#5
Quote from: mvukin on December 09, 2008, 06:04:20 PM
I'm looking for a used GS500E.  There are two available locally and I think they're priced a bit high ... both seem to be in at least average condition with no huge cosmetic issues and functioning fine with regular maintenance.

1) 1997 blue - $3000, comes with a fairing
2) 2001 black - $2750, new back tire

Kelly Blue Book has these around $1800 and NADA is about the same.  Thoughts?  Would I be paying too much for these?

Thanks - this looks to be an awesome site!

where you located?

with the crappy economy, I would only pay under KBB and Nada. Not a penny over.

2001

Yosh Pipe, K & N lunchbox, Katana shock, Buddha bars (soon)
james

Dreamer_85

YOU DONT WANT TO KNOW WHAT I PAID FOR MINE BUT I'VE LOOK AT SOME OTHERS AND THOSE SEEM A LITTLE TO HIGH PRICE WISE. NOW IF THEY WERE CUSTOM (WHICH THEY PROBLAY ARENT) I'D SAY THATS A FAIR PRICE. BUT UNTILL THEN KEEP LOOKING.
YOU ONLY LIVE ONCE....
1992 GS500 with 2005 motor 92 carbs 150 mains air pods and slightly modded stock exhaust

ohgood

Quote from: mvukin on December 09, 2008, 06:04:20 PM
I'm looking for a used GS500E.  There are two available locally and I think they're priced a bit high ... both seem to be in at least average condition with no huge cosmetic issues and functioning fine with regular maintenance.

1) 1997 blue - $3000, comes with a fairing
2) 2001 black - $2750, new back tire

Kelly Blue Book has these around $1800 and NADA is about the same.  Thoughts?  Would I be paying too much for these?

Thanks - this looks to be an awesome site!

not enough information.

how many miles, is it stock, condition of the tires/chain/engine ?
do they have records of services ?

the 1997 didn't come with a fairing, and it won't just slap on without some modifications.

the years don't matter nearly as much as the maintenance or lack of it.

either bike isn't worth more than $1800 with zero miles to me. it's the same bike ;)


tt_four: "and believe me, BMW motorcycles are 50% metal, rubber and plastic, and 50% useless

oramac

Mine is a 1999 with a KBB retail value of $1800.  The trade in value is $1300, and I'm asking $1200 for mine which is in better than average shape, has been rejetted, has progressive springs, the quarter faring, the belly faring, tank bra, and Corbin seat.  What does that tell you?
Something is wrong with my twin...all of a sudden it's V shaped!  Wait, no, now it's a triple!  ...and I IZ NOT a postwhore!

chipster

#9
 Sounds like you should Drive to Indiana and buy Oramac's !!  I'm in Cincinnati and this past spring there were 6-7 of them for sale and they were going for about the price those two you are looking at are listed for ...and they were selling in a matter of days. I (over) paid $2300 for a 1993 with 5,000 miles, but thats what the market was like around here. Of course gas was also over $4.00 a gallon so they were selling at higher dollars because of that too.
  Swing over to Indianapolis and Oramac and I can meet you there and for $3500 we'll sell you two of  them, eh oramac ?!  :cheers:

  On the open market, isnt it worth what someones willing to pay?!
Enjoy!
   Chip
1993 GS500E
2001 FZ1

jroymcd

I might get  laid off right before X-mas. If it happens I would let my 2001 go for 1,000.

12k miles, Yosh pipe, jetted, K & N, Kat shock, dual headlights........

2001

Yosh Pipe, K & N lunchbox, Katana shock, Buddha bars (soon)
james

oramac

Quote from: chipster on December 10, 2008, 02:24:33 PM
  Swing over to Indianapolis and Oramac and I can meet you there and for $3500 we'll sell you two of  them, eh oramac ?!  :cheers:

Sounds great, but I'd be willing to sell mine alone if he's interested too!  :thumb:
Something is wrong with my twin...all of a sudden it's V shaped!  Wait, no, now it's a triple!  ...and I IZ NOT a postwhore!

mvukin

Thanks for all your feedback! 

One more came up today for $1900. Gives some leverage over the others I initially mentioned.  Haven't heard back regarding year (it's blue) and miles, but he had the carb overhauled, fuel line replaced.  Not sure if the former indicates its older or has sat a long time ...

I'm in Salt Lake City ... so if any of you with bikes to sell know a cheap way to get it out here let me know! 

Matt

oramac

Quote from: mvukin on December 10, 2008, 08:06:15 PM

I'm in Salt Lake City ... so if any of you with bikes to sell know a cheap way to get it out here let me know! 

Matt


Hmmm....  I KNOW!   Ride it!!   :cheers:  :thumb:
Something is wrong with my twin...all of a sudden it's V shaped!  Wait, no, now it's a triple!  ...and I IZ NOT a postwhore!

yamahonkawazuki

Quote from: chipster on December 10, 2008, 02:24:33 PM
Sounds like you should Drive to Indiana and buy Oramac's !!  I'm in Cincinnati and this past spring there were 6-7 of them for sale and they were going for about the price those two you are looking at are listed for ...and they were selling in a matter of days. I (over) paid $2300 for a 1993 with 5,000 miles, but thats what the market was like around here. Of course gas was also over $4.00 a gallon so they were selling at higher dollars because of that too.
  Swing over to Indianapolis and Oramac and I can meet you there and for $3500 we'll sell you two of  them, eh oramac ?!  :cheers:

  On the open market, isnt it worth what someones willing to pay?!
aye get oramacs, i had seena glimpse of it at the dragon recently ( well i beleive it was june) get it, cheaper, looks DAMN fine, imho runs damn good http://gstwins.com/gsboard/index.php?topic=44626.0
Jan 14 2010 0310 I miss you mom
Vielen dank Patrick. Vielen dank
".
A proud Mormon
"if you come in with the bottom of your cast black,
neither one of us will be happy"- Alan Silverman MD

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