Well, those figures seem to ring pretty consistent. The dealer has to make a couple K to warrant "dealing" with the trade-in. He has to make a few bucks to justify it. He has to keep it far enough (low enough) from the cost of a new bike to entice someone to buy used. if it was too close to the price of a new one, why would anybody in their right mind buy used?? And of course someone has to pay for the cost of this process. It isn't going to be the dealer or he loses all he hoped to gain along the way. It will be you and me, the consumer. His responsibility is keeping his showroom stocked with what we like and it is ours to finance the game. So, in the first year, we are going to take a pretty good hit. It doesn't mean the value on the bike is really that low; it does mean it costs to make that 1st year trade and to make somebody interested in buying a 1 year old bike. Requires a bit of a twisted vision to understand it all but it sort of has to be that way. Realistically speaking, if it was up to us consumers, completely, we'd get our chicks for nothing and our bikes for free, right??? But, alas, it ain't............The defense rests.........