Need Advice on selling my Super Tenere!

[pmusick]

I'm in the very initial stages of putting my 2012 S10 up for sale. It's a shame, but I just haven't ridden it like I thought I would.

I'm hoping to get some good advice as I've never sold a bike before, especially one that's basically brand new.

For instance, I've heard I need to put any OEM parts back on? I've only changed out the horn and windshield mount so that's not a big deal...but is that right?

I've got the Yamaha top case, should I take that off and put the OEM plate back on? Sell accessories, include with bike?

I'm about to pay off the balance so I'll have clear title in hand soon, what other documentation do I need to provide? Current license and insurance paperwork on hand?

I plan to take it to the dealer this weekend for the headlight connector recall repair and will have them do the 600 mile service while it's already there.

Any advice, pointers, things to look out for would be greatly appreciated--I spent hours and hours on this site when I first got my bike and I know how passionate and knowledgeable this group is about these great bikes.

Thank you!

Arky_Paul

 

[Brick]

I say sell it as is but include the original stuff. You didn't say how many miles the bike has. Post it for sale here on this forum and see what you get.

YMMV

 

[greg the pole]

what Brick said.

if the title is with the bank, mention which bank it is.
Otherwise let it rip, staright forward really.
what are you replacing it with?

 

[snakebitten]

Can't be many miles. He is just now getting the 600 mile service.

 

[MidlifeMotor]

I do not recommend allowing any test rides unless you have the asking price in your hands in cash. Start if for them, rev engine if they want to hear it, but don't let anyone ride it. Just my opinion and a fairly common one in selling used bikes.

 

[p51super10bombay]

Sell without the bags, there's another few hundred $$$ there - won't be worth as much on the bike with the price of new leftovers so low.

 

[pmusick]

I was curious about the test ride, thanks for the heads up on that! I'll plan to sell the top box separately as well, thanks so much.

 

[escapefjrtist]

Already great advice. Strip all the extras off the bike and sell separately to recoup some additional cash.

Be aware of CL scammers...if someone's offering way more $$$ than its worth, something's up.

GLWS!

--G

 

[scott123007]

Unfortunately, that's gunna be an expensive 600 miles. :-(

 

[bauerboy]

I would hold on to the extras until the bike sells. The potential buyer will haggle and try and get a lower price for sure. Don't overprice the bike if you want to sell it and don't underprice it unless you are desperate. The extras might fetch you a few hundred, but dealing with the Craigslist types can be annoying and risky sometimes. If you have a serious buyer looking at the bike, you could "throw in the extras" you were going to sell. It may get you the price you want or a bit more and save you some headaches. Good luck. Do your homework on the potential buyers before you give them your address. Ask the motorcycling type questions such as, what kind of bike do they have or had. Where do they ride. Do their kids ride. You can get a better feeling if your dealing with someone really interested in the bike or someone who might want to rip you off. Email them back and forth a couple of times. Sometimes you can learn their full name in the email address and do a google and Facebook search. I have bought and sold a lot of bikes and if it doesn't feel right, I will not let them come look at the bike. I have pulled my bike from Craigslist for a couple of weeks then reposted it after I got a bad feeling from somebody.

 

[jajpko]

Do you have some pics and a price in mind?

 

[snakebitten]

WTH have you been?
So, did you miss me at Big Bend?
And did you sneak over the border with you-know this year?

I know you been up to no good.
Kills me that I missed that rally.

 

[pmusick]

This is all great information, thank you all again for sharing.

I've pulled out the paperwork and I have:

Original Receipt/Bill of Sale from the dealer
Y.E.S. Extended Svc contract for 48 months good through 4/18/2017
2 additional key lock cyclinders (the other one is in the top box)
Owner's Manual Packet

I bought these OEM accessories at the time of purchase:
Yamaha OEM Top Box with liner
Yamaha OEM Tank Bag

And these add-ons here and there since purchase:

Freeway Blaster Horn
MadStad windshield bracket with crossbar
Cee Bailey wind wings

I plan to take it out of the garage, clean it up (if necessary) and take updated pics.

Is there anything missing from the original documentation that I didn't mention?

How does one go about pricing this bike? I see bikes with 10k-20k miles on CycleTrader for more than original retail?

I financed the bike at the dealer through GE Capital Retail Bank...how does the sale of the bike work if I post it for sale before I have title in hand?

Lots of questions I know, and I appreciate everyone's advice so far. I just want to make sure everything is buttoned up before posting the ad.

Thanks!

 

[arjayes]

How does one go about pricing this bike? I see bikes with 10k-20k miles on CycleTrader for more than original retail?

I financed the bike at the dealer through GE Capital Retail Bank...how does the sale of the bike work if I post it for sale before I have title in hand?

Lots of questions I know, and I appreciate everyone's advice so far. I just want to make sure everything is buttoned up before posting the ad.

Thanks!

Pricing is tough because you never know what someone out there is willing to pay. I cruise craigslist pretty often just to see what's out there (motorcycles and cars) and I'll see the same vehicle listed for the same price month after month after month. So apparently some sellers decide what THEY think the vehicle is worth then wait patiently for some sucker to come along and bite. I'm the opposite. Selling anything via craigslist is a PITA so I always settle for a price such that whatever I'm selling goes quickly. I sold a KLR650 about a month ago and ended up selling it through a dealer on consignment. That's something you might consider. Worked out great for me - 100% hassle free. But if you go that route definitely strip off every single add-on that has any value and sell separately. And don't let the dealer rape you. Negotiate up front how much you want then let them mark up from there, and they then negotiate with buyers from their profit, not your agreed-upon price.

For gauging what the bike is worth there are at least a couple of web sites that will estimate the value for you. One of them is kbb:

http://www.kbb.com/motorcycles/select-make/

This will at least get you in the ballpark. You might also check Ebay or other on-line auction sites and look only at auctions that ended in a sale, and see what the actual selling price was. See what people are asking for bikes prior to sale is of limited value since you have no idea how much they actually got for it.

Regarding the paperwork, lien, etc., the process for selling a vehicle varies by state. Check with your DMV. It sounded from your earlier post that you were going to pay off the loan prior to the sale. Not a bad idea, but it usually takes at least 30 days before you'll get the title in the mail. If you don't want to wait for that then one of the pluses of selling the bike through a dealer on consignment (or just selling it outright to a dealer) is that the dealer will handle the loan payoff and title transfer for you. That in itself is worth a lot.

Good luck.

 

[jajpko]

WTH have you been?
So, did you miss me at Big Bend?
And did you sneak over the border with you-know this year?

I know you been up to no good.
Kills me that I missed that rally.

Hey guy, to bad you missed it. I heard it was a good one. Lol.
I re broke my collar bone and need to have an operation. Always something.

Hope you're doing well.

 

[Donk]

Arky Paul As others have said beware the scammers on craigslist. There are plenty of legit buyers out there but be careful. I have sold several bikes on ebay and craigslist without a problem but craigslist will get you bombarded by the sleezebags(if that is even a word?) And as said earlier no test rides without all the cash in your hand. I'm hoping to be able to buy a '14 by the end of summer but might be interested in your '12. Make sure you post it on the forum so I can check it out.

 

[krussell]

I'm either nuts or I only ride bikes that attract legit buyers. I sell, on average, one a year. All via craiglist or advrider. As long as you:

1) don't call with 'can I ride it dude' as your very first question
2) show up with at least a helmet/jacket/gloves
3) ask me a lot of good questions when you get here, before asking to ride it
4) hand over your current license with endorsement
5) appear unimpaired
6) aren't a jerk

your good to ride anything I'm selling.

I think I've turned down maybe 2 or 3 people of probably 30 or so who rode in the last eight years. One guy was just a jerk, and that got worse when I told him not only could he not ride it, I would not sell it to him even if he wanted it. One guy had 'a few beers' before he showed up. At least he was honest when I asked. One really nice lady said she wasn't going to buy it , but wanted to ride it to be able to compare it to other bikes she was considering.

I won't buy anything, used or new, that I can't ride. So I figure I have to provide the same opportunity to my buyers.

 

[pmusick]

OK, with title in hand and the headlight repair done I've taken the leap and posted the bike for sale in the Marketplace section.

BTW, does it take a little while for the ads to post? I haven't seen it appear yet and I posted it 20 minutes or so ago...starting to wonder if I didn't something wrong but figure the ad has to be approved or something.

Thanks again for the great advice, this a truly a great site full of very knowledgeable folks!

Paul

 

[XtreemLee]

Unfortunately, that's gunna be an expensive 600 miles. :-(

Yes be preparred to take a bath, the new 2014's and the left over 13's in showrooms are destroying resale, GLWS!

 

[TXTenere]

Yes be preparred to take a bath, the new 2014's and the left over 13's in showrooms are destroying resale, GLWS!

Very true. However, at least here in SoCal, and I suspect elsewhere as well, the 2012/2013 inventory is diminishing fairly rapidly. I suspect once they sell out entirely, the resale values will recover some.