KymcoForum.com
General => General Discussion => Topic started by: Kansas kymco on November 21, 2020, 10:22:07 AM
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I notice when some people are selling a used Kymco they price a several year old scooter close to new retail. Case in point a 2012 Super 8 listed for $1950. when NADA shows $785-$1070. with the caption (must sell by mid December moving out of state). You can purchase a new Super 8 for around $2200.
I understand asking a premium for a clean low mileage scooter but some people are unrealistic. I understand why people purchase new to get a warranty and a problem free scooter along with advancements such as ABS and FI.
Then I remembered Stig making a offer on a clean low mileage scooter that a Dealer sat on until devaluation reduced it even more.
As a hobby since retired I scan the ad's for exceptional good deals (usually not running) repair and resell so I see this phenomenon.
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On that basis, my X-Town should now be worth more than I paid for it! [emoji23]
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Actual New scoot prices vs used might be much further appart than first appearance. ....
When daydreaming about owning another Honda Forza I always look for sales from private owners. The dealer new price is not even close to what I'd pay to get it from showroom floor to the street.
I have a scooter which cost me 38% more than "sticker" to move it from 'floor' to 'street'.
Stig
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Stig I understand that sales tax is added and dealer title fee but I look for out the door pricing. In Kansas I have to pay tax on used scooters as well. I've never encountered anywhere near 38% on new machines, 9.25 sales tax and $195. title fee. Some dealers advertise out the door price with only sales tax added.
Yesterday I went to lunch in Lindsborg and purchased a super clean low mileage (2400 miles) 2013 Kymco Super 8 150. I use NADA as a guideline low retail was $830 to average retail $1120. The person advertised it for $1300. I took 100 dollar bills and offered $900. which he countered with $1k. Stuck firm to $900. and was on my way with the scooter loaded in the truck in 20 minutes. Most of that time was filling out the paper work and loading in the truck. To tag the Super 8 was $133.75 plus $7.27 (monthly) for full coverage insurance $250 deductible.
Was the scooter worth $1300. absolutely according to Kelly Blue book. By the way the Mexican food was delicious.
If I find a super clean low mileage Forza in my searches I will send you a private message.
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I'm guessing the '38%' upcharge to get it out the door was a combination of real fees and 'dealer fees'...dealer prep, setup, PDI, unboxing, showroom dusting, etc.
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I'm guessing the '38%' upcharge to get it out the door was a combination of real fees and 'dealer fees'...dealer prep, setup, PDI, unboxing, showroom dusting, etc.
I've never encountered fees that high and I've bought about a dozen new machines over the years. The absolute highest was a $195. dealer fee on top of the selling price. Sales tax has to be paid on New or Used machines regardless of dealer or private individual.
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Most owners who want high prices for older/used scooters, never rode them much, on 11th new Maxiscooter since 1990----I try to ride them out to 50,000 miles and of course expect some (big) loss....but I got my value out of them by riding! Right now in US with new scooter not selling, used scooter prices should be low.
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Most owners who want high prices for older/used scooters, never rode them much, on 11th new Maxiscooter since 1990----I try to ride them out to 50,000 miles and of course expect some (big) loss....but I got my value out of them by riding! Right now in US with new scooter not selling, used scooter prices should be low.
John your spot on in (never rode them much). The dealer I use sold out of scooters this year way early this year. When the $1200. stimulus check arrived the scooters were cleaned out. In fact the dealer just got in some replacement inventory. Found a 2012 Super 8 in Kansas City with only 684 miles on it. Never could get in contact with the seller. Owner of Dan's Cycle said very common for people to purchase a new machine and ride it for a short time then park it in the garage.
I had no idea these scooters would run for as many miles as they do. I purchased a People 250 for parts for $200. It shows 65,000 kilometers on the odometer. Imagine my surprise when I got it home and found it started and drove.
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Most owners who want high prices for older/used scooters, never rode them much, on 11th new Maxiscooter since 1990----I try to ride them out to 50,000 miles and of course expect some (big) loss....but I got my value out of them by riding! Right now in US with new scooter not selling, used scooter prices should be low.
I have only sold one scooter. My Super 8 150 had over 33,000 miles on it. The tires were worn out and the belt and rollers due for a change. I got my money's worth out of that scooter. I sold it for 60 bucks. It was running well but it would take some money to replace the tires and belt.
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I had no idea these scooters would run for as many miles as they do. I purchased a People 250 for parts for $200. It shows 65,000 kilometers on the odometer. Imagine my surprise when I got it home and found it started and drove.
I had a couple of scooters like that in my early 20s. In particular, a Lexmoto Gladiator that I bought for £180 with nearly 40,000 miles on the clock.
I had another 5000 good miles out of that before the cam chain went PING.
30 year old me would have patched it up, but 23 year old me didn't know how at that point. Shame, as it would have been a £30 repair.
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Older & wiser eh?...
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Oh, OK.
I thought this was going to be martial advice.
Stig
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Oh, OK.
I thought this was going to be martial advice.
Stig
Marital?
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Marital?
I just thought he was giving advice to a Frenchman. ;)
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The guy still has it advertised, but he did lower the price to $1770. Something tells me he will have it for a while longer. ::)
NADA $785.-$1070
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"9.25 sales tax and $195. title fee. "
You guys really get hosed. 6% and 15 bucks in Iowa. My plates might have added 20, don't remember. I paid 1500 for my 2010 500 with almost 13K on it. I don't think that is high, and I'd take the deal again in a heartbeat if I were shopping.
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"9.25 sales tax and $195. title fee. "
You guys really get hosed. 6% and 15 bucks in Iowa. My plates might have added 20, don't remember. I paid 1500 for my 2010 500 with almost 13K on it. I don't think that is high, and I'd take the deal again in a heartbeat if I were shopping.
The title fee is what a lot of dealers charge not the state. Yes we do get hosed on sales tax. My last purchase paid to the county was, Registration $8. Title fee $10. Reflectorized plate fee .50 cents, KHP training and staff fee $2. Law enforcement trn ctr fee $1.25 DMV modernization fee $4. County fee $5. McPherson facility fee $2. Isolated sales tax $67.50 County sales tax collection fee .50 cents, Motor vehicle property tax $6. For a grand total of $106.75
Then we have the privilege of paying property tax ever year upon renewal.
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Governments of all political stripes, in all countries will find some way of getting their sticky paws into your pockets! The one we love over here is the wonderful "Vodka & Tonic" or VAT* that's a beaut at 20%...
* Value Added Tax
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Governments of all political stripes, in all countries will find some way of getting their sticky paws into your pockets! The one we love over here is the wonderful "Vodka & Tonic" or VAT* that's a beaut at 20%...
* Value Added Tax
Canada has a VAT tax as well. At one time the US had a tax added to your phone bill to pay for the Spanish American war, the tax never went away until the breakup of AT&T.
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I hear that The Mog, in Somalia, is nice this time of year, and they don't have taxes.
Stig
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I hear that The Mog, in Somalia, is nice this time of year, and they don't have taxes.
Stig
Don't worry we will send them some of ours. You have a spare black hawk I can use?