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Author Topic: Depreciation galore  (Read 8471 times)

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pm203

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Re: Depreciation galore
« Reply #30 on: November 21, 2010, 09:46:14 AM »

. This model has a far greater depreciation rate than other HD's, which caught me by surprise I guess.

While the Conv may not be as popular as the Touring bikes, I am not so sure the depreciation factor on this model vs others is as bad as you say it is. Time will tell.
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Spiderman

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Re: Depreciation galore
« Reply #31 on: November 21, 2010, 12:04:47 PM »

Maybe I wasn't clear enough in my first post but the second one should have cleared things up a bit. This model has a far greater depreciation rate than other HD's, which caught me by surprise I guess. Compared to other HD's I have owned I would take the worse beating on what I thought was going to be the best return. Like I said, live and learn.

I hear you and in my case, had traded an 03 Spyder in for the 08. The 03 had 82,000 miles on it, the main interface gasket between the engine and trans was shot and oil was leaking all over the place and still I got $10k for a 5 year old vehicle. I figured that made that model a good buy. Anyway, this site isn't about cars it's about motorcycles and to be honest, I wasn't aware of the difference in trade-in values of some CVO's compared to others. I figured it was relative to original price.

B B
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chywy

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Re: Depreciation galore
« Reply #32 on: November 21, 2010, 08:27:32 PM »

Well, I have been trying to trade or sell my 2010 flstse for a week now and the very best offer I got for her is 21k. The thing is spotless, 3800 miles, 2k in upgrades and doesn't even need a bath. Looks like this bike was the worse bike purchase ever.
[/b]

I think you should hang onto the bike.  I've got 800 miles and was offered 40K for the bike because it was the last of the "hand made" cvo's - For 2011 they started down the assembly line.

So consider it an investment - just like gold - and hang on to it.

CHYWY
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RedDevil

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Re: Depreciation galore
« Reply #33 on: November 22, 2010, 09:09:12 AM »

[/b]

I think you should hang onto the bike.  I've got 800 miles and was offered 40K for the bike because it was the last of the "hand made" cvo's - For 2011 they started down the assembly line.

So consider it an investment - just like gold - and hang on to it.

CHYWY

If you were offered $40K you should have jumped on it.  You could have come here (VA) and bought a new one off the showroom floor for under MSRP after the 2011s came out.  You may think you have an investment like gold, but to be honest, I think you have gold-clad lead there. Also, just an FYI, they were hand assembled, not hand made.  If you've ever toured the plant, you see that technically, all HDs are hand assembled.  The only difference the CVOs were hand assembled by teams of 2 to 4 people, instead of stations along the assembly line.

:devil:
« Last Edit: November 22, 2010, 09:11:47 AM by RedDevil »
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Dennis the Menace

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Re: Depreciation galore
« Reply #34 on: November 22, 2010, 09:26:30 AM »

If you were offered $40K you should have jumped on it.  You could have come here (VA) and bought a new one off the showroom floor for under MSRP after the 2011s came out.  You may think you have an investment like gold, but to be honest, I think you have gold-clad lead there. Also, just an FYI, they were hand assembled, not hand made.  If you've ever toured the plant, you see that technically, all HDs are hand assembled.  The only difference the CVOs were hand assembled by teams of 2 to 4 people, instead of stations along the assembly line.

:devil:

I agree.  If someone offered me $40K I would jump it and buy a leftover (Mile High HD has a Blue one in Denver) or a new 2011.  But then, I dont care how they are made, just as long as its not a lemon.  After 6 HD's, I am not emotionally attached to my bikes anymore, since my first (a Fatboy, wish I never sold it!).  Its just a bike, though IMO the best in the world to me!

Chy, hope you get some riding time in up there this winter.  You guys already have gotten a lot of snow this fall.

Dennis
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porkypig

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Re: Depreciation galore
« Reply #35 on: November 22, 2010, 05:05:35 PM »

[/b]

I think you should hang onto the bike.  I've got 800 miles and was offered 40K for the bike because it was the last of the "hand made" cvo's - For 2011 they started down the assembly line.

Chy, are you saying your specific bike was the very last of the 2010's to be made??  And for that reason somone offered you $40 large???   Doesn't sound like that's the going rate for other '10 convertibles.   Pork.
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Spiderman

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Re: Depreciation galore
« Reply #36 on: November 22, 2010, 05:14:51 PM »

After 6 HD's, I am not emotionally attached to my bikes anymore
Dennis

Probably the best thing I've read anywhere that describes the current decline of the H-D "mystique"

B B
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chywy

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Re: Depreciation galore
« Reply #37 on: November 22, 2010, 09:32:56 PM »

Love all the comments - and hate all the snow and sub zero temps that we are already in the midst of - and I bet there is jus a bit of snow at Highland Ranch :)

My point is if you are going to pay a hefty penny for a limited edition anything - and I would call 1 of 2800 - a limited edition - and you could probably narrow that down based on the color of a particular model- maybe you own 1 of only 800 that were made - hand made, hand assembled - you need to carry that same HD marketing mystique to the after market as well.

You can't pump this sunshine up a dealers heavy breather - but you can point out the exclusivity of the bike you are selling to the general public and most likely someone will
appreciate owning a bike that's not like everyone elses.

Ride safe - and take care - enjoy the holidays
CHYWY
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porkypig

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Re: Depreciation galore
« Reply #38 on: November 23, 2010, 10:13:27 AM »

[/b]
 I've got 800 miles and was offered 40K for the bike because it was the last of the "hand made" cvo's.

CHYWY

I would agree with you that this is a limited edition...1 of 2400.  However, it is 1 of 2400 but a sistership to 4 of 9600 or call it an even 10,000 "limited editions" that were made by Harley this year.  I believe this is the 11th or 12th year they have been making CVO's and not wanting to do the math I will guess at somewhere around 100,000 CVO's have been manufactured so far.  It's an absolute every year thing at this point.  They are the best of the best...........for that year.  Then something better comes out next year, we continue to ride them and wear them out, little by little, and before we realize it they are "yesterday's news" in the minds of the dealers......possibly with rare exception.  This isn't art work that will hang in a museum somewhere.   We drive them and suddenly they are worth considerably less and less.  And less and less for possibly a few years.......again, with rare exception depending on the model you have.  The public can always be dazzled by shiny objects but a dealer is more prone to turn a blind eye to shiny things.  Remember he sells shiny things every day.  Private sellers typically don't have the resources to market a vehicle to reach as many buyers as a dealer does.  It can be a royal pain in the arz.  Plus many times you may be able to realize a couple more $K of sales tax savings by trading in.  Meanwhile you  may not have the ability to buy the new one you are looking at until you sell the old one.   During that time the new one may go home to live with someone else's family.   We all like to think we own and ride the absolute best of the best and that it will be worth twice what we paid for it (ever had a dealer tell you that????) within just a couple years.  But machines improve, and technology moves on and what we thought we had just one day gets outdated and it just may not be worth what someone told you it was going to be worth......because there's a new "fair-haired" boy in town.........get me?  So, I'd say if you have an offer for 40 large you better do like these people say and take it.....and run......and don't answer your phone........and leave the country for a while til the heat wears down..........but don't buy one while you're holing up in the UK because sounds like they are close to 40K there (See Fadboy's article today Buying 2011 FLSTSE2 - What did you pay? Did you get a discount?) and you will end up with a wash.  Just enjoy the bike for what it is......this year.  Pork
« Last Edit: November 23, 2010, 02:15:22 PM by porkypig »
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2smoke

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Re: Depreciation galore
« Reply #39 on: November 23, 2010, 01:18:30 PM »

Probably the best thing I've read anywhere that describes the current decline of the H-D "mystique"

B B
The decline of the H-D "mystique" is everywhere. H-D = BFD
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porkypig

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Re: Depreciation galore
« Reply #40 on: November 23, 2010, 02:23:29 PM »

The decline of the H-D "mystique" is everywhere. H-D = BFD
Maybe so, but when was the last time you heard anybody ask, "Wow! Is that a Yamaha"???? as you rode past.
For the time being, Harleys still get peoples' heart rate pumping and are still the standard by which all great motorcycles are judged by.........in...my...opinion.... :1112:
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Spiderman

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Re: Depreciation galore
« Reply #41 on: November 23, 2010, 04:16:31 PM »

The decline of the H-D "mystique" is everywhere. H-D = BFD

I think there's a big difference between having a discussion on the why's and wherefor's of what's happening with a product many of us feel very passionately about and to use your phrase  H-D = BFD.  That being the case, why are you even a member of this website ?

B B
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PierceEye

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Re: Depreciation galore
« Reply #42 on: November 23, 2010, 07:20:36 PM »

I bought a new 2008 Victory Vegas Low with the factory premium edition and then put pipes, intake etc for another 1200 bucks
I just traded it for a used 2010 FLSTSE in the crimsom red after looking for a new HD for 5 months.....when I first started looking I was being given trade values of 7 to 8k that was a slap in the face to me...so I just kept looking and was patiant......finally my local HD shop ended up with the Conv and it had 1927 miles on it and looked brand new...matter of fact they fooled me as it was sitting in the "new" bike area
They finally gave me what I was looking for on the Vic with 3900 miles on it;I paid 19500 w/pipes  & dyno and they coughed up 12500 on the trade and I paid 21300 for the Conv...so I felt I got a decent buy on the CVO and I knew I was going to take it up the on the Vic.....

Loved the Vic as the only stock V that could stay with me was a 110 SE (and I loved the sound); but no service, hell to pay on getting warranty work done, they are good with chrome and paint but short on the little things....like instead of using stainless bolts on the exhuast brakets I got rusty ones, got cool rims but they did not match the rear sproket; things like that irritate the hell out of me....I am old school and if I pay big bucks for "custom" it better be "finished" not half ass! I could teach Polaris a thing or two and they could have a great bike....instead they seem to be going the other direction.

Hence my desire to get back on an HD.....(owned 5 before) I never have had a "dresser" but I decided to be open minded and took a 2010 CVO Ultra for a ride and it was nice but I felt confined......wait a few more weeks and up shows the Conv. I took for a spin and fell in love.....Just got it back Friday as thye put the new pipes and SE intake and filter and put it on the dyno (1600 bucks) and I now have the badest sounding screaming Conv I think in the county LOL...I can't help but smile......wife told me to stop cause the bugs stick to my teeth LOL....

Here is my dyno print out

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SBB

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Re: Depreciation galore
« Reply #43 on: November 23, 2010, 07:54:53 PM »

That being the case, why are you even a member of this website ?

B B

Probably for the same reason you are!
IMHO CVOHarley is the greatest internet site in the world for owners of CVO/Screamin Eagles.
The owner of this site has created a site that all of us can enjoy and all of us can feel welcome.
Yes there are rules but I know of no one that was forced to log in here. So just like rules in our life, we deal with it.
I have read 2smoke's above comments and must say there are moments/days when I feel exactly the same way.

SBB
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chywy

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Re: Depreciation galore
« Reply #44 on: November 23, 2010, 09:33:25 PM »

Maybe so, but when was the last time you heard anybody ask, "Wow! Is that a Yamaha"???? as you rode past.

I like that - "Wow! Is that Yamaha"  - too funny.
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